Potassium Dicyanoaurate Market Predicated to Gain Significant Growth in the Upcoming Period 2018-2022
28th February 2019 – The global Potassium Dicyanoaurate Market is
subject to witness a substantial growth due to the rising demand from number of
end-user industries across the globe. Use of potassium dicyanoaurate for
applications such as manufacturing electronic equipment and customizable
jewelry is expected to boost market demand over the next seven years. Potassium
dicyanoaurate is also referred as gold potassium cyanide or potassium gold
dicyanide.
Rapid growth of fashion industry and increasing adoption of potassium
dicyanoaurate for jewelry plating is anticipated to drive the growth of the
market over the forecast period. Shifting consumer trends towards gold plated
jewelry over the traditional silver plated jewelry is predicted to favor market
growth as well. Globally, the market is predicted to generate massive revenue
over next seven years, providing numerous opportunities for market players to
invest for research and development in the potassium dicyanoaurate market.
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Political stability, positive socioeconomic changes and
easy availability of raw materials are expected to foster market expansion over
the upcoming years. Rising personal disposable income in emerging economies
across Asia Pacific, Latin America and Middle East region, is estimated to
augment market growth over the coming years. In addition, increasing
competition and massive investment by industry leaders in research &
development activities are driving industry expansion in North America and
Europe. Growing demand for potassium dicyanoaurate for manufacturing of gold
plated jewelry is major contributing factor for market growth as well.
Gold potassium cyanide or potassium dicyanoaurate is
increasingly used in application involving watch plating, electroforming,
barrel plating, terminal, flexible printed circuits & printed circuit
boards, electroplating metals other than electronics industry and hanging
plating. Potassium dicyanoaurate is also used for wafer gold plating during
various industry processes in semiconductor, diodes and packaging industry.
The market is broadly categorized into four major segments
based on the application type such as industrial sector, electrical &
electronics sector, decorative segment and pharmaceutical sector. The
electrical & electronics sector is considered as one of the fastest growing
segment in the potassium dicyanoaurate market with substantial revenue
generation in the last few years.
Key Vendors
• Metalor
• Solar Applied Materials
• Suda Special Chemical
• Tanaka
• Xingrui Noble Metal
• Zhaojin Kanfort
Key
Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global potassium
dicyanoaurate market?
• What are the challenges to market growth?
• Who are the key players in the potassium dicyanoaurate
market?
• What are the market opportunities and threats faced by
the key players?
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The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
chemical manufacturing sector, increase in the number of research &
development activities in the region and existence of well-established
industrial infrastructure.
Asia-Pacific region is predicted to hold major market share
in the potassium dicyanoaurate market with massive growth in forecast period.
Countries such as India, China, Japan and Singapore are leading the Asia-Pacific
market with strong economic growth in the region, growing electronics &
electrical industry, rapid growth in fashion industry, rising disposable
income, and significant investment by leading industry players considering
potential growth opportunities in the region.
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