A recent report published by Infinium Global Research on plating on plastics market provides an in-depth analysis of segments and sub-segments in the global as well as regional plating on plastics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional plating on plastics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global plating on plastics market. According to the report, the global plating on plastics market is projected to grow at a CAGR of 8.1% over the forecast period of 2020-2026.
Plating on plastics is a term used to illustrate the decorative or useful application of metal onto plastic substrates. They are many advantages to be obtained from metalizing plastic. In the past, their use was purely decorative, but nowadays they fulfill the functional needs as well. Various applications within the electronics industry, for instance, require the combination of properties derived from both the dielectric and the metal, which neither can supply alone. Plastics can be electroplated and this is achieved by etching the surface and coating the roughened surface with traces of a precious metal.
Plating on plastic is popular across several industrial sectors such as building & construction, electrical & electronics, and automotive. This is growingly adopted to offer wear protection, promote electrical conductivity, prevent corrosion, and enhance the overall aesthetics of plastic components. There is increasing adoption of plating on plastic among the manufacturers and has witnessed consistent growth. Furthermore, the growing demand for plating on the plastic of different types, including ABS, polycarbonate, Teflon, and polypropylene, is expected to drive the global plating on plastics market. ABS Moulded Components with chrome finish is being increasingly used for various engineering and other automobile accessories computer hardware. This item can be marketed as ancillary items to other industries like Radio, T.V. Industries, Electronic, and Electrical Industries, and Automobile Industries. The production of ABS has increased and is a fair demand for this industry. Furthermore, Plating on plastics is low weight, cost-effective, and aesthetically improved design due to which it’s increasingly demanded in the automotive industry. This further provides a growing demand for the market. However, stringent environmental regulation is affecting the growth of the market. Moreover, rapidly developing industrial infrastructure provides a growth opportunity for the market.
North America holds the largest market share in the Plating on the plastic market owing to the growing adoption of new technology and increasing usage in electronics and automobiles. Europe is the second-largest region for the Plating on the plastics market due to the strong automotive industry in the UK and Germany. Furthermore, chrome finished automotive has considerable popularity in Europe. Again growing government regulations that have led to higher demand for lighter aerodynamic cars are likely to drive the demand for the overall market in the future. Asia Pacific is expected to grow with a healthy CAGR during the forecast period. Growing automotive and electronics industries in emerging markets like China, India, and Japan are expected to drive the growth of the market. Moreover, rapidly developing industrial infrastructure, creating lucrative opportunities for the market in this region. Further, the high demand for electric vehicles in India, Malaysia, and Australia is growing. This again contributing to the growth of the market in the Asia Pacific region.
The report on the global plating on plastics market covers segments such as plating type, plastic type, and application. On the basis of plating type, the sub-markets include chrome, nickel, and others. On the basis of plastic type, the sub-markets include ABS, PEI, PBT, ICP, PEEK, PP, and Nylon/Polyamide. On the basis of application, the sub-markets include automotive, building & construction, utilities, electronics, and others.
The report provides profiles of the companies in the market such as Bolta Werke, Atotech, SRG Global Inc, Sharretts Plating Company (SPC), JCU Corporation, Phillips Plating Corporation, MacDermid Inc, Dixline Corporation, Dow Chemical Company, and Chromoplastica.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of plating on plastics market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.