Global Gold Plating Chemicals Market Analysis Global Growth, Trends & Forecast to 2036

Global Gold Plating Chemicals Market is valued approximately USD 388.52 million in 2019 and is anticipated to grow with a healthy growth rate of more than 4.5 % over the forecast period 2026-2036. Gold Plating gives decorative and long-lasting finishes to cutleries, jewelry, optical frames and other surfaces. Gold is one of the precious metals extensively used for plating different electronic components. The gold plating chemicals are often used to coat connectors, circuits, and semiconductors.  The swelling production of electronics across the globe drives the market growth. Gold plating is often done on electronic parts to make them better resistant to corrosion. It also protects them against wear & tear and provides the remarkable ability to form thermocompression ponds. As per Statista revenue in consumer electronics segment amounted to USD 128 billion in 2019 and is expected to USD 181 billion by 2023. Moreover, as per national Bureau of Statistics, China40 billion chips were manufactured in the first quarter of 2018 an increase of 15.2% from 2017 and 420 million mobile phones were produced in the same year an increase of 0.5% from the previous year. The Indian subcontinent also has witnessed an increase in the electronics market. As per Indian cellular Association (ICA) the annual production of mobile phones in the country increased to 11 million in 2017 from 3 million in 2014 which makes the country accountable for 11% of the total global mobile phone production. Further, increasing focus on Product development and Innovation augments the market growth. Increasing adoption of semiconductors drives the market growth. As per Statista, the revenue from the semiconductors in Germany increased from USD 12.63 million in 2016 to USD 14.53 million in 2018. As the