The global plating on plastics market is
expected to reach USD 777.27 million by 2025, according to a new report by
Grand View Research, Inc. Rising applications in automotive and electronics
industry has been a major factor driving the market growth. POP involves
plating a metal such as chrome, nickel and others onto a polymer substrate. It
is done in order to deliver functional and decorative benefits to the
resin.
Plating ability has an inverse relation
with the chemical resistance of the polymer substrate, which means higher the
chemical resistance, the more difficult it is to plate. Thus, manufacturers
prefer ABS for plating. ABS was estimated as the largest plastic category in
2016 and is expected to grow substantially over the forecast period. Other
popular plastic types include ABS/PC, PBT, PEEK and others.
Applications in electronics are expected to
register the fastest growth over the next eight years with an estimated CAGR of
around 8.1% from 2017 to 2025. Added benefits of metal to the plastic substrate
enhance the overall strength, aesthetic appearance and corrosion resistance of
the product. The finished product is light weight and is ideal to be used in
automotive, electronics and other end use industries. Increasing environmental
concerns and need for cheaper light weight vehicles is posing higher demand for
POP market. The application areas of POP are also expanding in utilities,
medical devices and consumer goods owing to their wide benefits.
To request a sample copy
or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/plating-on-plastics-pop-market
http://www.grandviewresearch.com/industry-analysis/plating-on-plastics-pop-market
Further key findings from the report suggest:
· The global POP demand reached USD 411.6
million in 2016 and is expected to grow at a CAGR of 7.3% from 2016 to 2025.
ABS emerged as the largest plastic segment in 2016 and is estimated to generate
revenue over USD 580 million by 2025
· Global demand in automotive segment was USD
311.4 million in 2016 and is anticipated to witness substantial growth over the
next eight years. The U.S. market in automotive segment was estimated at USD
48.7 million in 2016 and is projected to reach a total revenue of over USD 86
million by 2025
· The industry in Asia Pacific is projected
to witness substantial growth over the next decade owing to various
developments across major economies, especially in the processed automotive
& electronics segment. This region is expected to grow at a CAGR of 8.2%
from 2017 to 2025
· Key players including Atotech, Cybershield,
Dow Chemical and Sharrets Plating Inc. dominated the global plating on plastics
market
Grand View Research has segmented the
global POP market on the basis of plating type, plastic type, application and
region
Plating Type Outlook (Revenue, USD Million,
2014 - 2025)
·
Chrome
·
Nickel
·
Others
Plastic Type Outlook (Revenue, USD Million,
2014 - 2025)
·
ABS
·
ABS/PC
·
PEI
·
PBT
·
LCP
·
PEEK
·
PP
·
Nylon/Polyamide
Application Outlook (Revenue, USD Million,
2014 - 2025)
·
Automotive
·
Building & Construction
·
Utilities
·
Electronics
·
Others
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
o
U.S.
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
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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