Global Nickel Plating Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nickel Plating Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The method of plating a layer of nickel on metal or some nonmetals by electrolysis or chemical method is called nickel plating. Nickel plating is divided into electroless nickel plating and electro nickel plating.

Nickel plating provides a unique combination of corrosion and wear resistance. It can add brightness, luster and appeal. It also provides excellent adhesion properties for subsequent coating layers.

Market Overview:

The latest research study on the global Nickel Plating market finds that the global Nickel Plating market reached a value of USD 2767.92 million in 2022. It’s expected that the market will achieve USD 3720.71 million by 2028, exhibiting a CAGR of 5.05% during the forecast period.

Good product performance

Nickel plating refers to plating a layer of nickel on a substrate for durability or decorative purposes. On industrial parts, nickel plating can play a protective role to provide wear resistance and corrosion resistance. Electroless nickel plating is very suitable for irregularly shaped objects, including complex industrial equipment. Electro nickel plating plays an important role in improving the brightness, aesthetics, wear resistance and corrosion resistance of products.
Nickel plating has a wide range of applications, and can be used as a protective decorative coating on the surfaces of steel castings, zinc die castings, aluminum alloys and copper alloys to protect the matrix materials from corrosion or play a bright decorative role. It is widely used in die-casting die of alloy, manufacturing of complex aerospace engine parts and microelectronic components. Parts and components and related equipment used in aerospace, national defense, electronics, automobile, petroleum and chemical fields use nickel plating technology to increase corrosion resistance, wear resistance and improve safety and reliability. Nickel plating can also replace stainless steel in many places, saving energy and materials for enterprises and reducing product cost. The good performance of nickel plating process has brought it a wide application market, thus promoting the market demand of nickel plating.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
Nickel plating is a widely used surface treatment technology. There are many nickel plating enterprises in the market, and there is fierce market share competition in the market. In addition, with the popularization of its technology, the added value of processed products decreases. Due to the gradual maturity of this technology and the abundance of similar products in the market, the competition among enterprises intensifies. The increasingly fierce market competition poses certain challenges to the technological level, service quality and brand recognition of nickel plating in enterprises.

Control production cost

The production cost is directly related to the profits of enterprises. Only by controlling the cost within a reasonable range, can the industry have room for sustainable development, and adopting clean, efficient and renewable new technologies is the only way for the future development of the industry. With the development of economy, the labor cost rises rapidly, and the pressure of environmental protection increases, resulting in higher comprehensive production cost of enterprises. Under the background of global resumption of work and production, nickel supply is tight, causing the price of raw materials in the industry to rise. The increase of production cost has limited the development of enterprises.

Region Overview:

Geographically, Asia-Pacific held the largest market share – 42.01% in 2022.

Company Overview:

Collini is one of the major players operating in the Nickel Plating market, holding a share of 1.63% in 2023.

Collini

Collini has been engaged in surface treatment for more than 120 years. Collini started as a scissors grinder and has now grown into a highly specialized industrial company. Collini is a leading group company in Europe in terms of surface coating of metals and plastics.

Kanigen Works Benelux

Kanigen is constantly striving to offer the best complete/overall/total solutions for the electroless nickel plating of metal parts (by means of the Kanigen® process and variants) based on strong partnerships. Kanigen place top priority on providing excellent service.

Segmentation Overview:

Among different product types, Electro Nickel Plating segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment Electronics & Telecommunications, with a market share of 28.52% in 2022.

Key Companies in the global Nickel Plating market covered in Chapter 3:

Chem Processing, Inc. (CPI)
Professional Plating Inc
Sharretts Plating Company
Electro-Coatings
Select-Tron Plating
Kunshan Tongxin Surface Technology Co.,Ltd.
Poeton Industries
Quaker Houghton
Franke Plating Works
American Plating
Pioneer
Electro-Spec
EMIRFI Shield Plating
Electroless Nickel Technologies
Techmetals
Advanced Plating Technologies
Kanigen Works Benelux
Asheville Metal Finishing Inc
Arlington Plating Company
Valence Surface Technologies
Hydro-Platers
US Chrome
Kuntz Electroplating
Hard Chrome Specialists
ENS Technology
Dorsetware
Advanced Surface Technologies
Collini

In Chapter 4 and Chapter 14.2, on the basis of types, the Nickel Plating market from 2018 to 2029 is primarily split into:

Electroless Nickel Plating
Electro Nickel Plating

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nickel Plating market from 2018 to 2029 covers:

Automobile
Aerospace
National Defense
Electronics & Telecommunications
Oil & Gas
Precision Machinery
Housewear & Furnishings
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)