Competition is fragmented in the gold plating chemicals market, with players engaging in strategies aimed at growing their market share through innovative solutions and strategic partnerships. Major contributions by EEJA, Umicore, Pioneer Metal Finishing LLC, and Spectrum Chemical set the pace in the marketplace through continuous R&D investments related to the development of advanced and sustainable plating solutions. The competitive landscape is also influenced by strategic mergers and acquisitions activities.
In October 2023, Umicore confirmed the expansion of its EV-battery materials production footprint with CAM and pCAM plant in Ontario, Canada, apparently responding to surging demand for electric vehicles and the related need for a stable supply of critical raw materials. Such factors are likely to continue increasing the demand for gold plating solutions until 2037. Additionally, over the next few years, the demand for gold-plated components in growing sectors such as electronics, automobiles, and more are expected to steadily increase the market growth.
Companies Dominating the Gold Plating Chemicals Landscape:
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?