Gold Plating Chemicals Market - By Type (Cleaning Chemicals, Pre-treaters, Electrolyte Solutions, Acids, Additives), By Chemicals (Potassium Gold Cyanide, Palladium Acetate, Sodium Succinate, Succinic Acid, EDTA), By Application & Forecast, 2023 – 2032

Gold Plating Chemicals Market Size

Gold Plating Chemicals Market size was valued at USD 470 million in 2022 and is estimated to register a CAGR of over 4.5% during 2023 and 2032, driven by the flourishing aerospace and aviation applications. As per the report by Aerospace Industries Association (AIA), the A&D sector generated revenues worth USD 391 billion, representing 1.7% of nominal GDP of the U.S. Also, the A&D exports surged by over 11% between 2020 and 2021, accounting for more than USD 100 billion.
 

As the aerospace industry continues to soar, the demand for gold-plated components will keep growing. Gold plating offers numerous benefits, such as enhanced electrical conductivity, corrosion resistance, and superior solderability, making it a preferred choice for critical aerospace & aviation components. These components, ranging from connectors and switches to integrated circuits and communication systems, rely on gold plating to ensure optimal performance and reliability. The growing trend of miniaturization in aerospace technology, along with the stringent requirements for compact yet powerful devices in aerospace & aviation application will encourage the utilization of high-quality gold plating chemicals, adding to the industry growth.
 

Gold Plating Chemicals Market Growth Drivers & Restraints

The advancements in the gold plating chemicals, such as the introduction of eco-friendly and cost-effective formulations, have opened up new avenues for market expansion. However, the volatility in gold prices and the growing substitution by alternative materials are acting as major restraint. The surge in gold prices directly impacts the cost of gold plating chemicals and the overall production expenses. Fluctuating gold prices can deter potential customers from opting for gold-plated components, leading them to explore more cost-effective alternatives like silver, palladium, and other electroless plating solutions. These substitutes offer comparable performance at a lower cost. Focus among industries to optimize expenses without compromising on product quality will restrict the growth of gold plating chemicals industry.
 

COVID-19 Impact

The COVID-19 pandemic disrupted supply chains, leading to delays in the production and distribution of gold plating chemicals. Manufacturing facilities faced temporary closures, resulting in reduced production capacities and hampered business operations. Furthermore, the economic slowdown caused by the pandemic impacted consumer spending and purchase of various products that utilize gold-plated components. Industries such as aerospace, automotive, and electronics witnessed a dip in demand, affecting the uptake of gold plating chemicals. However, with the new normal, the industry is expected to recover, driven by the resurgence of manufacturing activities and extensive utilization of high-quality electronic components in various sectors.
 

Gold Plating Chemicals Market Trends

The technological developments play a pivotal role in boosting the growth of the gold plating chemicals industry. With the numerous innovations across various industries, the need for reliable and high-performance electronic components has intensified. Gold plating, being a key enabler of improved electrical conductivity and signal transmission, caters perfectly to the rising demands of cutting-edge technologies. From consumer electronics and telecommunications to automotive and medical devices, gold-plated connectors and contacts have become indispensable components, ensuring seamless data transfer and long-term reliability. These trends will shape the market outlook over 2023 to 2032.
 

Gold Plating Chemicals Market Analysis

Global gold plating chemicals market share from electronics application segment will grow significantly through 2032, backed by the robust demand for high-quality gold-plated components in various electronic devices. Gold plating offers superior electrical conductivity, corrosion resistance, and solderability, which are essential for ensuring optimal performance and reliability of electronic components. It is essential in enhancing the longevity and efficiency of electronic products. The data by Invest India shows that the Indian electronics industry was remunerated at USD 140 billion in 2022, with domestic production being worth USD 87 billion and total electronics exports value being USD 15 billion. With the booming electronics sector and continuous advancements in consumer electronics, telecommunications, and automotive electronics, the segmental share will boost as well in coming years.
 

The electrolyte solutions segment in the gold plating chemicals market held 28% revenue share and is anticipated to witness notable demand during the forecast period, owing to its importance for the electroplating process. These solutions consist of gold salts, additives, and other essential components required for effective metal deposition during plating. Electrolyte solutions play a crucial role in determining the plating quality, thickness, and overall performance of the gold-plated components. Manufacturers continually innovate to develop advanced electrolyte solutions that cater to specific industry requirements, such as aerospace, electronics, and automotive applications. This factor, along with the product versatility capable of meeting the ever-evolving demands of end-use industries will favor the adoption of electrolyte solutions.
 

North America gold plating chemicals market size was calculated over USD 151 million in 2022. Fueled by a robust presence of key industries such as aerospace, automotive, electronics, and telecommunications, the regional industry is poised to have strong growth potential during 2023 and 2032. The advanced manufacturing capabilities, coupled with a strong emphasis on technological innovations, drive the demand for high-quality gold-plated components in various applications. As per the U.S. Telecom Association, the broadband service providers invested USD 86 billion in 2021 to install world-class network & connectivity infrastructure, enabling 92% Americans to access high-speed internet. The ever-growing telecom sector fueled with the wider usage of smart devices, in consort with the stringent quality standards & regulations for consumer electronics will augment the expansion of North America industry through 2032.
 

Gold Plating Chemicals Market Share

The key participants in the global gold plating chemicals market are

• Atotech Deutschland GmbH
• Technic, Inc.
• Uyemura International Corporation
• Heimerle + Meule GmbH
• Japan Pure Chemical Co., Ltd.
• COVENTYA Holding SAS
• Legor Group S.p.A.
• JAPAN PURE CHEMICALS CO., LTD.
• Summit Research Tech Corp.
• Shaanxi Kaida Chemical Engineering Co., Ltd.

These players concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.
 

Gold Plating Chemicals Industry News

• In January 2023, EEJA Ltd showcased four new products at the 37th INTERNEPCON JAPAN, an electronics packaging and manufacturing exhibition held at Tokyo Big Sight last week. The products included platinum and platinum alloy plating processes, electroless gold plating process, gold electroplating process, direct patterning plating technologies, and a RAD-Plater plating system.
   

The gold plating chemicals market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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By Farm Type

• Cleaning Chemicals
• Pre-treaters
• Electrolyte Solutions
• Acids
• Additives
• Others

By Chemicals

• Potassium Gold Cyanide
• Palladium Acetate
• Sodium Succinate
• Succinic Acid
• EDTA
• Others

By Application

• Electronics
• Jewelry
• Infrared Reflector & Radars
• Gold Plated Products
• Others