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,
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