Product ID: SQMIG20D2074
Global Electroplating Market Size, Share, Growth Analysis, By Type(Copper, Tin), By Application(Corrosion Resistance, Wear Resistance), By End-use(Automotive, Electrical & Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2074 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
101 |
Figures:
68
Global Electroplating Market Dynamics
Electroplating Market Driver
Aerospace and defence applications are driving up demand for electroplating
- The aerospace and defence industries' increasing demand for electroplating for improved conductivity is expected to drive electroplating market growth. Electroplating is the best option for the aerospace and defence industries, which require less space-consuming but high-current-flowing-capacity substances. Electroplated busbar has a higher conductivity than ordinary cables and wires while taking up less space. Over the forecast year, these factors are expected to drive the Electroplating market.
Electroplating Market Restraint
Challenges In the Waste Management
The most challenging aspect of the electroplating industry is waste management. The electroplating industry consumes and emits large amounts of wastewater. Pollution problems are caused by the use of various chemicals and metal salt. Significant pollution from rinse water, spray losses, and solution dumping and leakages. In wastewater, valuable metals and cyanide, as well as other chemicals, are lost. The amount could range between 2 and 20% of the chemicals used. As a result, greater efforts will be required to reduce pollution problems. The effluent concentration is affected by a variety of factors such as surface area, article shape, solution thickness, removal speed, and drain time. The main components of these wastes are acids used for pickling and cleaning, alkaline cleaners and others. This effluent is considered to be the most dangerous because it contains heavy metallic ions such as nickel, chromium, zinc, lead, silver, cadmium, mercury, and others, as well as toxic cyanides, hydrogen sulphides, ammonia, and chloramines. These factors are creating a massive challenge in the electroplating market.
Global Electroplating Market Report Snapshots
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