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Gold Plating Chemicals Market Size
- Report ID: GMI6337
- Published Date: Jul 2023
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Gold Plating Chemicals Market Size in 2022: | USD 470 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.6% |
| 2032 Value Projection: | USD 734.8 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 160 |
| Tables, Charts & Figures: | 190 |
| Segments covered: | By Type, BY Chemical, By Application, By Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Gold Plating Chemicals Market Scope
