San Francisco, 18 December 2018: The Report Platingon Plastics (POP) Market Analysis, By Plating (Chrome, Nickel), By Plastic
(ABS, ABS/PC, PEI, PBT, LCP, PEEK, PP, Nylon/Polyamide), By Application
(Automotive, Construction, Utilities, Electronics) And Segment Forecasts, 2018
- 2025
According to a report
published by Grand View Research, Inc.; the global Plating On Plastics (POP)
market is expected to reach at USD 777.27 million by 2025. Plating on plastics
involves the process of electroplating the plastic with metals like chrome,
nickel, silver, copper, and so on. This offers functional benefits, such as
toughness, excellent surface quality, and flexibility, to the final product. Increasing
usage in electronics and automotive applications is projected to drive the
market over the forecast period (from 2018 to 2025). Growing need for
lightweight materials in automobile production for improved efficiency and reduced
CO2 emissions will boost the POP demand during the forecast period.
In addition, technological
advancements, such as the advent of double layer nickel systems that enhances
the corrosion resistance capability, will drive the market further. On the
other hand, strict regulatory frameworks may hamper the market growth. For
instance, the Registration, Evaluation, Authorisation and Restriction of
Chemicals (REACH) has banned the use of hexavalent chromium in POP. The global plating
on plastics market can be segmented on the basis of plating type, plastic type,
application, and region. Based on plating type, the market can be categorized
into chrome, nickel, and others. The nickel plating is the most preferred method
in automotive manufacturing for decorative purposes.
Access Research Report of Plating on Plastics Market@ www.grandviewresearch.com/industry-analysis/plating-on-plastics-pop-market
It is used to improve the appearance
of the vehicles. The nickel also helps improve corrosion and wear resistance of
plastic substrate. Copper is another preferred metal for coating large plastic
components due to its higher conductivity. As per plastic type, the market can
be divided into Acrylonitrile Butadiene Styrene (ABS), ABS/PC, Polyetherimide (PEI),
Polybutylene Terephthalate (PBT), Liquid-Crystal Polymer (LCP), Polyether Ether
Ketone (PEEK), Polypropylene (PP), and Nylon/Polyamide. The ABS segment is
mainly driven due to its low costs, low coefficient of thermal expansion, high
metallic adhesion, and ease of molding. Acrylonitrile butadiene styrene is the
most widely utilized in the global market.
However, the ABS/PC segment is
likely to expand at the fastest CAGR of 8.6% from 2018 to 2025. This blend consists
of 40 to 60% of ABS and the remaining portion contains Polycarbonate (PC). It
provides better strength and ductility and can be used in extreme temperatures.
Based on application, the market can be split into automotive, building and
construction, utilities, electronics, and others. Nickel and chromium coatings
are extensively used in the automotive segment due to its benefits including
weight reduction, aesthetic designs, and lower cost. The electronics segment is
projected to expand at the fastest CAGR of 8.1% from 2018 to 2025.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Nickel and nickel/chromium
masking are used to enhance the aesthetic appearance of plastic trims on mobile
phones, computers, and switches in electronic goods. The utility segment is
also expected to have a significant growth in the coming years. Advantages,
such as protection from rust and water, have increased the product application
scope in this segment. Geographically, the market can be divided into North
America, Europe, Asia Pacific, Central and South America, and Middle East and
Africa. Europe is the leading market in terms of revenue, followed by North
America. Strong base of automotive industry in Germany and U.K. are supporting
the market growth in Europe.
Demand for lightweight
aerodynamic is on the rise in Europe due to strict of environmental
regulations. Asia Pacific is expected to register the fastest CAGR of 8.2% over
the forecast period. Growing electronics and automotive manufacturing
industries in countries, such as Japan, India, and China, are anticipated to drive
the regional market. In addition, rapid development of industrial
infrastructure is also expected to provide lucrative growth opportunities in the
region. Key companies in the global plating on plastics (POP) market include
Sharrets Plating Inc.; Cybershield Inc.; MPC Plating Inc.; Galva Decoparts Pvt.
Ltd.; and Grauer & Weil (India) Limited.
Access
Press Release of Plating on Plastics Market@
www.grandviewresearch.com/press-release/global-plating-on-plastics-pop-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
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