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Plating on Plastics (POP) Market Overview
The Plating on plastics market value is expected to reach $654.79 Million with a CAGR rate of 4.8% by the end of the year 2032.
Plating on Plastics is for plating metals like nickel, chrome, and other metals. It is done to get decorative and functional benefits. Plating on Plastics is an advanced technique for metal coating on plastic to enhance the properties such as electrical conductivity, hardness, and wear protection. It is also used to improve appearance. Plating on Plastics has wide application in the automotive and electronics industries. It is also used to increase the demand for materials in various industries, and It Is driving the Plating on plastics market growth.
Apart from that, increasing demand for products in various applications, including automotive, domestic fittings, and electronics, will derive the Plating on plastics market. Plating has a direct relation with the chemical resistance of the polymer. Plating on Plastics has gone through many development and advancements over the years with electroplating technology. It has improved the quality of the product. To improve resistance and corrosion, a double nickel layer is also used for plating. Rising demand in the strong, lightweight substitutes in various industries and consumer awareness towards performance and environmental benefits of the lightweight vehicle has increased the need for plating on plastics, and it is driving the Plating on plastics market growth.
Furthermore, Plating on Plastics is used in industries for the manufacturing process as it provides a metal surface without changing the structure of the materials, and it is propelling the Plating on plastics market trends. The creative strategy of plating metals on plastics is not adopted by many sectors to boost the quality of their materials. Plating technology provides a much stylish finish to materials and improves eth overall quality of the material. It decreases the grinding and fulfills the gadget requirements, and therefore the demand for the Plating on Plastics will grow more in the Plating on Plastics forecast period.
Covid-19 analysis
The coronavirus started to spread in Wuhan city in 2019, and within few weeks, it spread all over the world. The rapid spread of it caused a global pandemic, and all the nations were taking safety measures to reduce the spread of it; due to this, many business organizations suffered, and the global economy was down. The imposition of the lockdown and social distancing guidelines all over the world had a negative impact on businesses. The production work in various sectors was on a halt, and it caused a huge gap between supply and demand. The automotive sector was highly suffered because of the pandemic. Due to the shortage of labor and the lockdown, the production of vehicles was reduced. Apart from that, the people were going through a financial crisis because of the pandemic, so they didn’t invest their money in buying vehicles, and it pushed down the demand of the automotive sector further. All these reasons caused problems for the automotive sector, and as the automotive sector is a huge consumer of Plating on Plastics, the demand for the Plating on plastics market was also reduced. So overall, the covid-19 had a negative impact on the Plating on plastics market. The key players were trying to maintain the demand of the Plating on plastics market.
Market dynamics
Drivers in the Plating on plastics market
One of the major drivers in the market is the use of Plating on Plastics in the automotive sector. In the automotive sector, Plating on Plastics is highly used for its lightweight properties. For instance, the sale of 17 million units of lightweight vehicles in 2018. Plating on Plastics also offers a better appearance to the materials; as a result, the need for Plating on Plastics in the various sector is increasing. Apart from that, the increasing consumer awareness regarding the environmental benefits of lightweight vehicles and governments initiative to control pollution and carbon emission from the vehicles also boosting the Plating on plastics market size. Plating on Plastics is also used in the building & construction sectors. The urbanization and growth in infrastructure, especially in the developed countries, in driving the growth of Plating on plastics market. Plating on Plastics, other applications are in electronics. The increasing demand for producing quality electronics and without changing the structure is driving the market. The changing lifestyle of people also plays a major role in the Plating on plastics market.
Opportunities Plating on plastics market
The demand for lightweight vehicles and increased over the years due to environmental concerns. Plating on Plastics allows to build off strong and stylish materials without changing nature; as a result, it is generating opportunities for the Plating on plastics market. There are many technological advancements in coating technology that will also bring opportunities for the Plating on plastics market.
Restraints in the Plating on plastics market
The government regulations on the use of certain chemicals will hamper the growth of Plating on plastics market. Chrome gives a great finishing and corrosion resistance to the materials, but chromium is a harmful element that has many side effects on the environment. The US Environment Protection Agency (EPA) has taken many strict actions on the use of this element, and it has been classified as a harmful pollutant. Chromium can cause many problems for the earth and the environment, and it has become a major restraint for the US Environment Protection Agency (EPA) market.
Challenges in the Plating on plastics market
The underdeveloped regions are not fully aware of the plating techniques as the lack of knowledge and awareness about Plating on Plastics is a big challenge for the Plating on plastics market. The key players are coming with different strategies to overcome the challenges.
Cumulative growth analysis
The wide application of Plating on Plastics in various sectors will drive the growth of the market in the Plating on plastics market forecast period. The market will see rapid growth, and it is expected to grow at a CAGR rate of 4.8%.
Segmentation
The Plating on plastics market is segmented on the basis of type and application.
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By type
On the basis of type, the Plating on plastics market is divided into nickel, copper, chrome, and others. The chrome segment holds the largest Plating on plastics market share. Chrome plating offers a smooth surface, enhances the aesthetic, and offers corrosion resistance that will increase its demand in the automotive sector.
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By application
On the basis of application, the Plating on plastics market is divided into automotive, electrical and electronics, and construction and building. The automotive segment holds the highest Plating on plastics market share, and it will continue to dominate in the forecast period. Growing environmental concerns and regulations imposed by the government will increase the demand for this region.
Regional analysis
The major regions in the Plating on plastics market are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North American region is responsible for a 20% share of the Plating on plastics market. North America has a big automobile market, and it will boost the Plating on plastics market demand in this region. In Europe, the Plating on Plastics is highly used in the construction sector; hence increasing the construction activities in this region will boost the Plating on plastics market in this region. Asia- Pacific will see rapid growth in the Plating on plastics market due to the increasing demand for electric vehicles in this region. The Middle East and Africa region will also see growth in the market owing to the increasing construction activities. Latin America regions are led by Argentina and Brazil, and here the Plating on plastics market will witness growth due to the high production of passenger cars.
Competitive landscape
The major key players in the Plating on plastics market are:
- Month Group,
- Cybershield Inc.,
- Phillips Plating Corporation,
- Dixline Corporation,
- Leader Plating on Plastics Ltd.,
- Precision Plating (AUS) Pty. Ltd.,
- Sarrel, Grohe AG,
- Xin Point Holding Limited,
- Coventya,
- Chromoplastica CMC S.r.l, Galva Decoparts Pvt. Ltd.,
- Okuno International,
- SRG Global Inc.,
- Techmetals,
- BIA Kunststoff- und Galvanotechnik (BIA),
- Artcraft Plating & Finishing, JCU Corporation,
- Enthone, MPC Plating Inc.,
- Sharretts Plating Company (SPC),
- C. Uyemura & Co. Ltd.,
- MacDermid Inc.,
- Bolta Werke GmbHDow Chemical Company,
- Plating on Plastic AB (POP)
Recent developments
In February 2019, SRG Global Inc, who is a manufacturer of chrome-plated plastic parts for the automotive industry, produced a new polymer for the plating of parts for automobiles.
On April 29, 2024, Cybershield Inc., a U.S. producer of metalized plastic components announced that it is collaborating with SABIC, a global leader in the chemical industry to promote the use of plated ULTEM resins in aerospace. This collaboration will be showcased at NPE2024 and the 2024 Aircraft Interiors Expo (AIX). In this respect, SABIC’s team had imparted to Cybershield their extensive knowledge on injection molding of high-heat ULTEM resins. These are high-performance thermoplastics having excellent mechanical properties, thermal stability, and resistance to harsh environments. Further benefits can be achieved by metallizing these resins with improved durability against electromagnetic interference shielding (EMI).
Atotech has launched the Atotech CMA Closed-Loop System for alkaline zinc nickel plating on July 28th, 2023. It is certified by TÜV Rheinland and facilitates virtually wastewater-free operations while reducing waste generation to minimize carbon footprinting. The closed-loop system allows all-inclusive functions under such solution covering every aspect of alkaline zinc nickel plating including rinsing process requirements. Implementing this closed-loop water system significantly reduces or eliminates wastewater discharges during plating operations making it an eco-friendly process. As a result, cleaner and more sustainable operations are realized due to optimizing the plating process by CMA systems which reduces the amount of waste produced. It helps improve overall carbon footprints of the plating process aligning with worldwide sustainability targets.
GROHE AG, world's biggest producer of sanitary fittings continues expanding succeeding in investing in its facility located in Lahr Germany. The development of an electroplating facility allowing chrome-plating plastic parts like showerheads increased plastics chrome-plating capacity at site by up to seventy percent.
Market overview
This global Plating on plastics market outlook report is based on the qualitative and quantitative analysis of the Plating on plastics market outlook. This report highlights the Plating on plastics market outlook on the market overviews, covid-19 analysis, market dynamics, and Plating on plastics market analysis. This plating on the plastics (POP) market also gives an idea about the regional analysis, competitive landscape, and recent development of the market.
Segmental table
By Type
- Nickel
- Chrome
- Others
By Application
- Automotive
- Electrical & Electronics
- Construction & Building
- Others
By region
- North America
- Europe
- Asia Pacific
- middle east and Africa
- Latin America
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