Global Plating on Plastics (POP) Market Overview:
“The global Plating on Plastics (POP) Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Plating on plastics relates to electroplating plastic surface using metals such as electro-less nickel, nickel, chrome, copper, gold, silver cobalt phosphorous, and others. This electroplating process offers various functional and decorative benefits to a finished product.
It provides an attractive surface quality along with some additional benefits such as toughness, flexibility, and lightweight to the substrate. Plating process also involves silver and gold plating which enhances aesthetic appearance of a finished product or material. Metal coating process increases resistance against a specific set of chemicals that are utilized during manufacturing process.
POP industry has observed various advancements and development in electroplating technology, which has improved overall quality of finished product. To improve corrosion resistance capability, double layer nickel process including a semi-bright coating with bright nickel top layer coating has been developed. In addition, another significant advancement is a development of micro discontinuous chromium system, it improves chromium during metallization process and corrosion resistance of bonds of the nickel.
Rising demand for high-performance and lightweight substitutes for metal in automotive industry is one of major factors driving growth of the global plating on plastics market. Growing consumer awareness regarding performance and environmental benefits of lightweight vehicles has led to increased use of various metal-plastic polymers and plastics in automotive industry, which are expected to drive growth of the global plating on plastics market in next five years.
However, stringent government regulations is a major factor projected to restraint growth of the global plating on plastics market. The Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) have banned use of hexavalent chromium in the POP industry. In addition, stringent regulations set by OSHA and EPA are projected to hamper growth in the near future.
Europe market is estimated to account for major share in terms of revenue in the global plating on plastics market, owing to its growing demand form automotive industry in Germany and the UK. Adoption rate of plating on plastics is estimated to grow at fastest rate in Asia Pacific market. Demand for plating on plastics is expected to increase due to increasing adoption of POP from electronics and automotive manufacturing industries in Japan, China, and India in next ten years.
Global Plating on Plastics (POP) Market Segmentation:
Segmentation by plating type:
- Others (copper and chromium)
Segmentation by plastic type:
- Acrylonitrile Butadiene Styrene (ABS) plastic
- Polycarbonate (PC) /ABS plastic
- Polyetherimide (PEI) plastic
- Polybutylene terephthalate (PBT) plastic
- Liquid-crystal polymers (LCP) plastic
- Polyether ether ketone (PEEK) plastic
- Polypropylene (PP) plastic
- Nylon plastic
Segmentation by application:
- Building & construction
- Others (medical devices and consumer goods)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Galva Decoparts Pvt. Ltd.
- Phillips Plating Corporation
- Precision Plating (Aust) Pty Ltd.
- MPC Plating, Inc.
- Quality Plated Products Ltd
- Sharretts Plating Company, Inc.
- MacDermid, Inc.
- Leader Plating on Plastc Ltd.
- O.P Plating On Plastic AB
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