The industry research report, “Asia Nickel Boron Plating Industry Situation and Prospects Research report” is an in-depth and professional study on the recent state of the Nickel Boron Plating industry. It offers a deep analysis of the industry with integrity of logic and comprehensiveness of contents to all its users. It manages to give a basic overview of the industry involving definitions, classifications, applications and industry chain structure along with an analysis for the international market including development history, competitive landscape analysis, and major regions’ development status. Also, all the development policies and plans are well discussed along with the manufacturing processes and cost structures in this report. Nowadays, nickel boron is used in many applications as a hard chrome replacement. Nickel boron plating basically refers to a coating that has all the protective qualities of hard chromium along with being 100% environment friendly.
The Nickel Boron Plating industry is mainly segmented by (a) product types, with production, revenue, price, and market share and growth rate of each type, which are further split into: High Ni-P, Medium Ni-P and Low Ni-P; and (b) by applications, focusing on consumption, market share and growth rate of Nickel Boron Plating in each application that mainly involves: Automotive, Oil and Gas, Heavy Machinery, Consumer Electronics and Food Industries.
This industry in Asia significantly caters to the countries namely- China, Japan, India, Korea, Saudi Arabia and some other regions wherein the focus stays on the leading manufacturers that exist in the market, on the basis of their production, price, revenue and market share for each manufacturer, and they namely constitute: KC Jones Plating Company, Surface Technology, Inc., Atotech, Avtec Finishing Solutions, Gull Industries, Okuno-Auromex (Thailand) Co., Ltd., and KOTO Plating Technology.
It has been investigated that in 2016, the world economy registered an expansion by about 2.2 per cent, which was the slowest rate of growth that was encountered after the Great Recession of 2009. This torpid global economy was an outcome of many factors like the puny pace of global investment, dwindling world trade growth, hailing productivity growth and huge levels of debt. However, this sluggish scenario is anticipated to ameliorate in the years to proceed since the world gross product is forecasted to augment by 2.9 per cent in 2018, leading to revitalization of the economy; making it stable enough to relish an ongoing global demand.
Associated with the relevant linkages between demand, investment, trade and productivity; the inert global growth is expected to show traces of improvement and revive the overall investments in the industry further leading to a speedy recovery in productivity. Moreover, with the futuristic concept of Sustainable Development Goals (SDGs) revolving around “removing extreme poverty” and “generating decent employment opportunities for all”; the nickel boron industry in Asia is all set to benefit since all the industries in the global economy are envisioned to relish optimistic shifts towards development.
Thereby, in the recent years, nickel boron has experienced a warm welcome by aerospace and automotive industries in Asia owing to it being characterized by better properties than hard chrome and when compared to many other hard chrome replacements, which are often costly and even contain toxic powders; this plating has proved to be much more convenient and effective as it offers much harder material that prevents corrosion in an optimal manner. In fact, nickel boron has been recognized as the most popular alternative to hard chrome plating lately.
It has been discovered that corrosion in oil and gas operations is considerably very common in Asia and the cost that comes with this corrosion is way too high and can badly hamper the growth of Asian economy, if not dealt with effectively on time. Thus, traditionally hard chrome replacements have helped in reducing the overall burden on the economy but now, the ongoing advancements coupled with increasing awareness for environment protection year after year; the industry has realized the need for a better alternative that will not only prevent corrosion but will also supplement growth rates of all the connected industries. Therefore, nickel boron plating techniques are all set to emerge beautifully in the coming years.
On a whole, the success of this industry is guaranteed by 2023, depending on the establishment of an ameliorating balance between cost and performance with each passing year. This will also expand the consumer base for this type of plating in the future years since less cost of production would attract many Asian producers. In turn, this will ultimately result in longer component lifetimes and lessened frequency of repairs required; further generating significant savings and associated massive profits in the long run.
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Ankur Gupta, Head Marketing & Communications