Plating on Plastics (POP) Market size worth over $930 Million by 2026
Published Date: February 18, 2020 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights, Inc., the Plating on Plastics Market size is set to surpass $930 Million by 2026.
Plating on plastics offers several properties including corrosion resistance, wear resistance, and increasing surface hardness. The rising demand for high-performance substitutes with lightweight composites in automotive, domestic fittings, and electronics sectors should stimulate the product demand.
Plating on plastics (POP) technology provides a viable way for the companies to introduce metallic surface attributes and retaining the structural advantages of lightweight plastics. Growing applications of POP technology in the electronics and automotive sectors including chrome, copper, and nickel plated on a polymeric substrate will drive plating on plastics market share.
Rising product demand for plating polyetherimide (PEI) will accelerate market growth
Polyetherimide is an ideal solution for applications that require high strength and the ability to withstand high temperatures. It is widely used in electronics industry because of its good arc resistance and dielectric constant propelling market growth. Increasing consumer inclination towards attractive electronics products will foster plating on plastics market growth.
Polyetherimide owing to its high strength is also used in automotive industry for manufacturing automotive interior, under hood components, bumper, and fuel systems. Plated plastics offer product differentiation in the form of aesthetics and corrosion resistance properties. Increasing craze for decorative automotive components will enhance plating on plastics marketsize.
Browse key industry insights spread across 326 pages with 275 market data tables and 43 figures & charts from the report, “Global 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 (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) Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Rising demand of attractive domestic fittings will fuel plating on plastics market growth
“According to market analysis and trends, plating on plastics market from domestic fittings application is expected to grow at CAGR of over 6% from 2020 to 2026.”
Domestic fittings are exposed to extreme temperatures which leads to wear & tear of the plastic fittings. Growing domestic fittings demand is attributed to its application in water systems, kitchen & bathroom fixtures, and home renovation. POP technology in household components and fittings improves their strength and appearance and also improves performance and provides design flexibility.
Rising demand of shiny and bright bathroom and kitchen fittings will foster the sales of plated plastics. Nickle plated fixtures offers aesthetic properties in bathrooms and kitchens. Plated domestic fittings offer greater flexibility and additional design options in comparison to brass fixtures thereby promoting product demand.
“As per industry forecasts, Europe plating on plastics market is anticipated to grow over 6% by 2026 owing to growing demand for lightweight components in automotive sector”
ABS and ABS/PC are the most widely used plastics for automobile applications to provide an aesthetic look and decrease the steel consumption in vehicle manufacturing. Plastics are extensively used for manufacturing vehicles’ interior and exterior components. These are plated to offer attractive attributes to automobiles. Growing light weight vehicles production in the region will have a positive impact on the plating on plastics market.
Key market participants in the plating on plastics industry include Atotech, Artcraft Plating & Finishing, Coventya, Cybershield, Inc., Dixline Corporation, Enthone, Dow Chemical, Grohe AG, and JCU Corporation.
As per market analysis & trends, market leaders are also implementing several strategies and initiatives including strategic mergers & acquisitions, collaborations and partnerships, new product launch, to gain significant market share. For example, In July 2015, Atotech announced the setup of new facility plant in China in order to meet increasing plating equipment demand in the region.
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