IMARC Group, a leading market research company, has recently released a report titled “Plating on Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global plating on plastics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Plating on Plastics Industry?
According to the report, The global plating on plastics market size reached US$ 639.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,019.7 Million by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028.
What is Plating on Plastics?
Plating on plastics (POP) refers to the procedure of electroplating non-conductive plastic surfaces with different metals to make them electrically conductive. The commonly plated metals include chrome, cobalt phosphorus, nickel, copper, silver, and gold. These materials exhibit versatility, easy machinability, and strong surface finishes. POP employs two methods, namely autocatalytic and electroless plating effects. It involves molding, pre-plating, cleaning, etching, conditioning, neutralizing, activating, and bath immersion of metal ions. POP is primarily utilized across the automotive, plumbing, and electronics industries to provide corrosion and wear protection and improve the aesthetic value of a product.
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What are the growth prospects and trends in the Plating on Plastics industry?
The escalating demand for lightweight and high-performance materials across the automotive sector to manufacture interior trims, windows, and mirror housings are mainly driving the global POP market growth. Apart from this, manufacturers are adopting environment-friendly POP processes, like multi-molded and two-shot parts methods to comply with the stringent regulatory framework and offer optimum workplace safety, which is fueling the market growth. Additionally, rapid technological advancements, such as the employment of double-layer nickel and micro discontinuous chromium systems, are creating a positive outlook for the market.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Artcraft Plating and Finishing Company Inc.
- Atotech
- Bolta Werke GmbH
- Cybershield Inc.
- DuPont de Nemours Inc.
- Galva Decoparts Pvt. Ltd.
- JCU Corporation
- Leader Plating on Plastic Ltd
- MacDermid Incorporated (Element Solutions Inc)
- MPC Plating Inc.
- Phillips Plating Corporation
- Precision Plating (Aust) Pty Ltd.
The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Plastic Type:
- ABS
- ABS/PC
- PEI
- PBT
- LCP
- PEEK
- PP
- Others
Breakup by Plating Type:
- Chrome
- Nickel
- Others
Breakup by Application:
- Automotive
- Building and Construction
- Utilities
- Electronics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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