LONDON--(BUSINESS WIRE)--Sep 4, 2018--, a global procurement market intelligence firm, has announced the release of their . The electroplating market is witnessing an increase in the spend growth momentum owing to the growing demand for electroplated jewelery. This type of jewelery has a rich and uniform color, is more durable, and less expensive than the jewelery made of precious metals. The market growth is also driven by the rising demand for various types of electroplating services from the aircraft manufacturing market. Application of electroplating services on the aircraft surfaces is known to enhance features like corrosion resistance, strength, and resistance to high temperature.

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Global Electroplating Category - Procurement Market Intelligence Report. (Graphic: Business Wire)

“Buyers should prefer suppliers who offer bundled services comprising of paints and coatings along with various types of electroplating services. This will reduce costs for the buyers and decrease management complexities associated with dealing with multiple suppliers,” says SpendEdge expert Anil Seth.

to gain supplier selection insights and select the best-suited suppliers who can facilitate a cost-effective and optimized category management strategy for different types of electroplating services. SpendEdge sample reports are free of charge and provide insights that focus on the category pricing strategies and highlights market growth opportunities.

SpendEdge’s procurement market intelligence reports for the metals and mining category provide detailed information on the major cost and volume drivers that impact the category growth. Such information helps the buyers as well as the suppliers to determine their total cost of ownership and design their procurement strategy accordingly. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.

The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the electroplating market.

Demand from the aircraft manufacturing industry Electroplating services usage benefits that are corrosion resistance, wear resistance, lubricity, improved appearance, and solderability. To know more,

Report scope snapshot: Electroplating market

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SOURCE: SpendEdge

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PUB: 09/04/2018 07:34 AM/DISC: 09/04/2018 07:34 AM