Project report for Silver Plating

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Introduction

In India, The rising demand for electroplating from different end-use industries is propelling the growth of the market. Cyanide silver plating processes are easy to chemically control, and have a broad range of concentrations that will yield successful deposits. Cyanide silver plating solutions produce a pleasing pure white, fully bright deposit, which is in demand by the customers. Electroplating, which is also known as electro deposition is a process in which depositing of material is done on a work-piece using an electric current. It is a process by which a thin layer of metal is deposited on a work-piece known as the substrate. The primary use of electroplating is to change the physical properties of an object. With the expansion of the electronics industry, the demand for electroplating is expected to surge in the coming years. Plating is a surface covering in which a metal is deposited on a conductive surface. Plating has been done for hundreds of years; it is also critical for modern technology. Plating is used to decorate objects, for corrosion inhibition, to improve solderability, to harden, to improve wearability, to reduce friction, to improve paint adhesion, to alter conductivity, to improve IR reflectivity, for radiation shielding, and for other purposes. Jewelry typically uses plating to give a silver or gold finish. Silver plating is a surface treatment that, due to the excellent technical properties of silver, can be applied to a broad range of products. Silver electroplate can be applied utilizing either rack fixture or barrel plating technologies. Typically, a silver-plating specification will specify a matte, semi-bright, or bright finish with or without a chromate post treatment to improve tarnish resistance.

 

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 1,1910 Crores in 2026 from INR 9740.69 Crores in 2019. Electroplating is also known as Electrodeposition, is a process in which depositing of material is done on a workpiece using an electric current. It is a process by which a thin layer of metal is deposited on a workpiece known as the substrate. 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.

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