Plating on Plastics (POP) Market Size By Finish (Chrome [Cu, Ni & Cr]), By Plastic (ABS, PC, PC/ABS, PEI, PET, PBT, LCP, PEEK, PP, Nylon), By Application (Automotive, Domestic Fittings, Electronics & Electrical), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI366  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 326   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Plating on plastics (pop) market size exceeded USD 540 Million, globally in 2019 and is estimated to grow at over 8.0% CAGR between 2020 and 2026. Rising demand for lightweight materials for manufacturing automotive, domestic fittings and electronics & electrical components will foster industry demand.
 

Plating on Plastics (POP) Market Outlook

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Plating on plastics is known for functional and decorative application of metal onto plastic substrates by utilizing electroplating process. Prior to electroplating plastics, the material needs to be metalized. This is attained by surface etching, i.e. attaining tough bond and coating rough surface with metal traces. These metals deposit a thin layer of nickel or copper by electroless deposition.
 

Plating on plastics provides an aesthetic appearance to the plastic, reduces friction, adds wear and corrosion resistance. Growing alternatives demand that offers high performance & lightweight characteristics in industries including electronics, automotive and domestic fittings should propel the industry demand. Plating on plastics technology allows manufacturers to impart benefits on metallic surface without changing lightweight composites structure, thus promoting the plating on plastics market growth.
 

Growing product demand from several applications including automotive, electronics and domestic fittings will drive the overall plating on plastics market share. In 2017, Atotech acquired Pegastech plating on plastics technology. This technology does not use chromium 6 and palladium compounds for the pretreatment of polymers prior to electroplating. The acquisition will strengthen market for Atotech in surface finishing technology.
 

Companies invest on technological advancements to improve durability and strength of the product. Strict environmental norms enforced by agencies including REACH, EPA, and OSHA are expected to challenge the market growth. Present industry situation on reliance of hexavalent chromium including chromic acid for plating process is likely to cause environmental concerns which may impact industry profitability. However, economic benefits attained on production of automotive, domestic fittings, electronics & electrical components on product utilization will boost the plating on plastics market.
 

Plating on Plastics (POP) Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 543.690 Million
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.1% 2026 Value Projection: USD 931.051 Million
Pages: 326 Tables, Charts & Figures: 318
Geographies covered (24): U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, Thailand, Malaysia, South Korea, Indonesia, Australia, Brazil, Argentina, Morocco, Egypt, Iran, South Africa
Segments covered: Plastic, Finish type, Application and Region
Companies covered (27): Artcraft Plating & Finishing, Atotech, BIA Kunststoff- und Galvanotechnik (BIA), Bolta Werke GmbH, C. Uyemura & Co. Ltd, Chromoplastica CMC S.r.l, Coventya, Cybershield, Inc, Dixline Corporation, Dow Chemical Company, Enthone, Galva Decoparts Pvt. Ltd, Grohe AG, JCU Corporation, Leader Plating on Plastics Ltd., MacDermid Inc., MPC Plating Inc, Okuno International, Phillips Plating Corporation, Plating on Plastic AB (P.O.P), Precision Plating (AUS) Pty. Ltd, Sarrel, Sharretts Plating Company (SPC), SRG Global Inc, Techmetals, Xin Point Holding Limited, Minth Group
Growth Drivers:
  • North America: Growing product usage in electronics along with mounting electronics goods industry is projected to drive product demand
  • Europe: Increasing demand for lightweight component along with growing vehicle production
  • Asia Pacific: Positive outlook on automobile industry
Pitfalls & Challenges:
  • Plastic design and process cost concerns
  • Stringent environmental concerns

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Rising ABS based POP will accelerate overall market share

Plating on Plastics Market by Plastic

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ABS is widely preferable for chrome plated plastics owing to its easy engraving and adhesion of key raw materials including copper, chromic acid and nickel. Additionally, ABS is less expensive with regards to other plastic types and easy to metalize. It is an amorphous blend of acrylonitrile, butadiene, and styrene.
 

ABS resins are predominantly utilized for molding parts requiring close dimensions that offers high impact resistance, metal plating and outstanding surface finishing. The product has good dimensional stability, good toughness & rigidity, low weight, low creep and resistance to acids & alkalis. ABS have shorter chains of polystyrene and polyacrylonitrile that are interlinked with microstructure long chains of polybutadiene. Depending on percentage of butadiene, ABS will have little or no wearing effect when being moved along a rough surface for an extended period stimulating plating on plastics market growth.
 

Rising product demand in automotive industry will promote the POP market

Plating on Plastics Market by Automotive Application

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Increase in automobile sales coupled with growth in lightweight plastics demand to increase fuel efficiency is likely to drive plating on plastics market demand over the forecast period. Growth of the automobile industry is likely to positively influence POP demand, since it helps to enhance aesthetic appeal of the vehicle and is attractive to mass consumers.
 

Shifting consumer preferences towards fuel efficiency along with lightweight automotive production using plastic components in exterior & interior components, grills and parts should propel the plating on plastics market share. Worldwide sales of passenger cars have reached over 75 million units in 2019. Growing emergence to reduce automotive weight to bring down fuel consumption will drive product demand.
 

Growth of consumer electronics sector in North America to spur plating on plastics industry size

Plating on Plastics (POP) Market by Region

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Rising trend of smart offices and homes in region has increased demand for smart TV, refrigerator and air conditioners which should propel regional consumer electronics goods industry. North America consumer electronics sector is expected to reach $110 billion by 2025 at a CAGR of 6.5%. Emergence of latest technologies including IoT solutions, robotics and virtual reality in consumer electronic products manufacturing to achieve efficiency and low-cost production has provided significant advantage to North America consumer electronic industry. Thus, aforementioned factors should boost the regional plating on plastics market analysis. 
 

Supportive government regulations including “Reshoring Initiative” implemented by U.S. government aiming to boost inland production. This initiative offers tax incentives for manufacturers establishing production plants in U.S. resulting in low production cost should boost U.S. consumer electronics market. Presence of major consumer electronics manufacturer in U.S. including Bose Corporation, GE, Dolby, Apple, Phillips, Sharp, Harman International Industries and Atari, thus driving plating on plastics market value.
 

Growing R&D initiatives and novel innovations to stand as dominant business strategy by manufacturers

Global plating on plastics market share highly fragmented with major player including Atotech, Bolta Werke, Cybersheild, Chromoplastica, SRG Global Inc, Sharretts Plating Company (SPC), Sarrel, Dow Chemical Company, Dixline Corporation, BIA Kunststoff- und Galvanotechnik (BIA), Galva Decoparts Pvt. Ltd, Grohe AG, JCU Corporation, MacDermid Inc, Phillips Plating Corporation,  Arteraft Planting and Enthone.
 

Market players are engaged in innovations, product launches, and partnerships, in order to expand their product portfolio, increase presence in other regions. In 2016, Galva Decoparts, a company which specializes in processes related to plating facilities, plating on plastics, masking, and molding started new plating plant with European collaboration. This facility expansion would help Galva to increase its clientele and geographic recognition.
 

In December 2015, Platform Specialty Products acquired Alent plc, parent company of Enthone. This acquisition led to launch of MacDermid Performance Solutions, to combine original MacDermid operations with Alent (Alpha and Enthone and Fernox), and OM group, a metal based chemistry firm. The new entity was created to deliver premium quality products and improve supply chain.
 

Plating on plastics market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Million Square Meter) and revenue (USD Million) from 2015 to 2026, for the following segments:
 

By Finish 

  • Copper
  • Nickel
  • Chromium
  • Others

By Plastic

  • ABS
  • Polycarbonate (PC)
  • PC/ABS
  • PEI-Ultem
  • PET
  • PBT
  • LCP
  • PEEK
  • PP
  • Nylon
  • Others

By Application

  • Automotive
  • Domestic Fittings
  • Electrical & Electronics
  • Others

The above information has been provided for the following regions and countries:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe     
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Poland
  • Asia Pacific          
    • China
    • India
    • Japan
    • Thailand
    • Australia
    • South Korea
    • Malaysia
    • Indonesia
  • Latin America      
    • Brazil
    • Argentina
  • Middle East & Africa        
    • Morocco
    • Egypt
    • Iran
    • South Africa

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights, Inc., the plating on plastics (pop) business is expected to hit at $930 million (USD) by 2026.
Growing product usage in electronics industry and increasing demand for lightweight component in the automobile sector are some of the key factors expected to drive the growth of global market.
Artcraft Plating & Finishing, Atotech, BIA Kunststoff- und Galvanotechnik (BIA), Bolta Werke GmbH, C. Uyemura & Co. Ltd, Chromoplastica CMC S.r.l, Coventya, Cybershield, Inc, Dixline Corporation, Dow Chemical Company, Enthone, Galva Decoparts Pvt. Ltd, Grohe AG, JCU Corporation, Leader Plating on Plastics Ltd., MacDermid Inc are some of the top industry participants.
Based on the application, the automotive segment garnered a significant market share in 2019 and is set to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 326
  • Tables: 275
  • Charts / Figures: 43
  • Companies covered: 27
  • Countries covered: 24

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