Plating on Plastics (POP) Market Size By Finish (Chrome [Cu, Ni & Cr]), By Plastic (ABS, PC, PC/ABS, PEI, PET, PBT, LCP, PEEK, PP, Nylon), By Application (Automotive, Domestic Fittings, Electronics & Electrical), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, Thailand, Malaysia, South Korea, Indonesia, Australia, Brazil, Argentina, Morocco, Egypt, Iran, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024
Plating on plastics Market may surpass USD 770 million by 2024; according to a new research report.
Growing high-performance & lightweight plastics demand owing to design flexibility and increase in automobile efficiency is anticipated to drive plating on plastics market growth. High performance plastics & blends offers vehicle manufacturers flexibility to design numerous shapes and offer strength comparable to that of steel, which also supports in reducing vehicle weight and restraint pollution levels.
Copper and nickel are generally used together for all chrome plating OEMs and domestic fitting applications. Copper plating is done on plastic substrate to provide electrical conductivity and decorative coating. Nickel plating helps in providing wear resistance, enhancing corrosion resistance and increasing surface thickness. Chrome plated plastics offers advantages including good surface finish, rust resistance and aesthetic appeal thus, promoting plating on plastics product demand.
Germany plating on plastics market from automotive is anticipated to exceed USD 65 million by 2024. Increasing demand for aesthetic appearance by OEMs to differentiate automobile design supported by properties including corrosion and wear resistance is likely to favor product demand. Presence of various regional service providers along with numerous high-end automobile manufacturers including BMW, Mercedes, Volkswagen, Renault, and Volvo will propel plating on plastics market.
Availability of skilled labor along with favorable government policies regarding FDI is likely to attract automobile manufacturers to set up production bases in Asia Pacific, which may propel regional industry growth. Increase in per-capita disposable income and population growth mainly in India & China is anticipated to drive regional plating on plastics market in projected timeframe.
Technology innovation in polymer industry has resulted in metal substitution by plastics in end-use industries including automotive, aerospace, domestic appliances, and electronics. Plastics provide advantages like weight reduction, design flexibility, and fabrication ease. The chemical process development for surface preparation of ABS enabled good bonding characteristics between the metallic coating and plastic substrate was a major breakthrough leading to plating on plastics industry growth.
China plating on plastics market from domestic fittings is observed to surpass USD 10 million in the estimated timeframe. Heavy grade plastics are extensively used for domestic fittings applications to ensure superior appearance. Growing trend for colored bathroom fixtures due to its appearance, hygiene, wear resistance and costs is likely to drive POP market growth.
Plating on plastics market from ABS plastic type may observe significant gains up to 6.5% in projected timeframe. ABS is a copolymer that contains rubber, making it easy for etching and raw material adhesion, resulting in satisfactory plating output. This blend contains between 40% and 60% of ABS, with the rest consisting of PC. They offer higher strength along with other properties including ductility. They are used in high temperature performance areas including wheel covers and are projected to witness a strong growth potential. They are used electrical & electronics, where high thermal stability is required having wide application scope would further propel POP industry growth.
Global plating on plastics market share is competitive and moderately fragmented. Major industry participants include Dow Chemical, MacDermid, Dixline, Phillips Plating Corporation, SRG Global, Bolta Werke, Okuno International, Atotech, Grohe, MPC Plating and Sarrel.
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