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

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

Zinc-Nickel Alloy plating has more corrosion-resistance than galvanized plating. Therefore, various bathes have been examined, for example, sulfate bath, chloride bath, cyanide bath, etc. However, Zinc-Nickel Alloy plating became of practical use in recent years. The first practical use of this plating in Japan was when the steel plate for cars was made in the assembly line. It was developed for solving the corrosion by salt that is scattered on the roads in winter in North America and Europe prevent freezing. The steel companies have competed with others in supplying Zinc-Nickel Alloy plating to the market. The practical application of Zinc-Nickel Alloy plating to the general plating method by rack and barrel has fallen behind the times, because it was difficult to get uniformity because of the range of the electric current density and to extract the Nickel. Now ways have been developed because chemicals have been found that give the plating sheen and to extract the Nickel.

Market Overview:

The latest research study on the global Zinc Nickel Alloy Plating market finds that the global Zinc Nickel Alloy Plating market reached a value of USD 294.83 million in 2022. It’s expected that the market will achieve USD 410.12 million by 2028, exhibiting a CAGR of 5.65% during the forecast period.

The growth of the Zinc Nickel Alloy Plating market is largely driven by downstream consumptions. In developing countries, with the development of economy, the improvement of living standards, large population base, a large amount of middle class is rising. People's pursuit of more convenient, higher level of life will promote the consumption of automobiles. What is more, the technology advance, the entrance of international large enterprises, the growth of local businesses, will also promote the sale of Zinc Nickel Alloy Plating. In developed countries have a good awareness of high standard life culture, have good power and habits of consumption of automobiles.

Driving Factors

Downstream Consumption Driving, especially from automobile, aerospace and machining Corrosion-resistant environment gradually increased

Market Restraints

High value-added products less serious homogeneity competition

Opportunities

Government Policy Support Potential market development and product line enrichment Growing market in developing countries, especially in Asia Pacific

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects

Company Overview:

The major players operating in the Zinc Nickel Alloy Plating market include WHW Hillebrand, GALFA, Gatto Industrial, Shinwa and MacDermid Enthone, etc. Among which, WHW Hillebrand ranked top in terms of sales and revenue in 2022.

Segmentation Overview:

Among different product types, 12%-15% Nickel segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Automobile segment occupied the biggest share from 2017 to 2022.

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

Chem Processing Inc.
Shinwa
EIC Group
WHW Hillebrand
Pioneer Metal Finishing (PMF)
Columbia Chemical
Micro Metal Finishing
Gatto Industrial
Summit Corporation of America
MITSUYA CO., LTD
GALFA
MacDermid Enthone
Dekalb Metal Finishing
TWB Finishing

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

5%-10% Nickel
12%-15% Nickel
12%-20% Nickel

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

Automobile
Aerospace & Defense
Electrical Transmission
Mechanical Parts

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)