Project report for Gold Plating Jewellery

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In India, Gold plating is usually done to give decorative and long-lasting finishes to jewelry, cutleries, optical frames, and various other types of surfaces. Gold is also one of the popular choices for plating different electronic components. For instance, gold plating chemicals are often used to coat connectors, circuits, and semiconductors. The electroplating process has often come under the scanner due to the emission of toxic compounds. The common types of gold plating chemicals used are cleaning chemicals, electrolyte solutions, additives, pre-treaters, and acids. The demand for cleaning chemicals is significantly higher than rest of the types. Cleaning chemicals are used to remove almost any type of organic and inorganic impurities from substrate. It is one of the key reasons behind their high demand. The application of pre-treaters and additives too is forecast to rise in the coming years.

Gold plating is a method of depositing a thin layer of gold onto the surface of another metal, most often copper or silver, by chemical or electrochemical plating. This article covers plating methods used in the modern electronics industry; for more traditional methods, often used for much larger objects, see gilding. Gold plating on jewelry allows you to have an item with the beautiful look of gold without having the entire item made of solid gold.  With gold being so precious, having a piece of jewelry made of solid gold is not an option for many people.  The amazing thing about gold plating is you can impart all the qualities of gold into a piece without the huge cost. 

Market potential & Strategy

The global electroplating market is expected to grow at a compound annual growth rate of 2.92% over the forecast period to reach a market size of INR 1,1920.61 Crores in 2026 from INR 9750.39 Crores in 2019. The rising demand for electroplating from different end-use industries is propelling the growth of the market. The advent of Industry 4.0 has increased the Research and Development within metal finishing. The demand for durable metals with an adaptable manufacturing process is on the rise. Innovations are being made to improve the quality of electroplating and to further expand the markets for a decorative electroplated nickel or chromium plating owing to the rising requirement of the exceptional corrosion performance of decorative multilayer in automotive decorative plating. With the surging demand for materials such as plating on plastics, which improve the aesthetics of a product, the electroplating demand is set to grow steadily in the years to come. However, the electroplating industry is amongst the major polluting industries across the globe, as its process discharges toxic materials, solid wastes, heavy metals through effluents, and air emissions in the environment. To conquer such environmental concerns, manufacturers are continuously launching new substrate materials for electroplating which are environment friendly and have good aesthetic appeal.

Electroplating is one of the most common methods used for corrosion protection, on bridges, vehicles, and appliances among others, as the metal coating acts as a sacrificial barrier that helps prevent the corrosion on the underlying substrate. The growing adoption of electroplating in the automotive industry by the manufacturers for coating the body of the vehicle with rustproof and non-corrosive materials along with a significant surge in the automotive industry at the global level is anticipated to boost the market growth.

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