Plating On Plastics (POP) Market Revenue to outshine USD 899.75 billion By 2027
Posted On August 31, 2021
The Global Plating On Plastics (POP) Market revenue is anticipated to grow to around USD 899.75 billion by 2027 with a CAGR of 8% during the year 2021-2027 as per the report published by Value Market Research. Increasing use of plastics in the automotive industry is expected to drive the global plating on plastic market during the forecast period. In the automotive industry, emphasis is laid on lightweight design and smooth finish of metallic surface in order to achieve high usability, economic benefits and to attract consumer’s attention. Plating on plastics plays a vital role in electronics and electrical applications as nickel chromium and nickel plating widely is used in computers, mobile phones and other electronics and electrical appliances to make them visually appealing. Thus usage of POP in electronics and electrical industry is anticipated to create new growth opportunities for its market. Extensive usage of POP in domestic fittings, especially in kitchen and toilets is anticipated to fuel its demand. Furthermore, the overall POP market growth is also driven by the fact that key market players are focusing on mergers and acquisitions for enhancing product portfolio. However, at present manufacturers are inclined towards more environment-friendly options for the purpose of plating on plastics in order to comply with the strict environmental laws related to chrome plating. This may hinder the growth of POP market during the assessment period.
Plating On Plastics (POP) is the process of applying a metal coating on plastic surfaces, via electroplating technique, in order strengthen its physical properties such as improving its surface hardness and durability, electrical conductivity, corrosion protection and also enhancing its aesthetic appeal and lending it a decorative finish. In addition, metal coating also makes plastics resistant to certain kinds of chemicals and creates an impression of high quality. Gold, silver, copper, nickel and chromium are some common metals utilized for plating plastics. At present, plating plastics with metal is a common industrial practice among manufacturers due to its various advantages. Plating on plastics is widely used in domestic fittings including bathroom accessories, bath and wash basin taps, shower fittings, kitchen accessories, in knobs and buttons of electronic items and in automotive industry.
The elaborate study "Global Plating On Plastics (POP) Market Report By Plating Type (Chrome, Nickel, Others), By Plastic Type (ABS, ABS/PC, PEI, PBT, LCP, PEEK, PP, Nylon/Polyamide), By Application (Automotive, Building & Construction, Utilities, Electronics, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of plating type the market is segmented into Chrome, Nickel, Others. By plastic type the plating on plastics (POP market is categorised as ABS, ABS/PC, PEI, PBT, LCP, PEEK, PP, Nylon/Polyamide. By application the plating on plastics (POP market is categorised as Automotive, Building & Construction, Utilities, Electronics, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Plating On Plastics (POP) Market -
By Plating Type
By Plastic Type
- Building & Construction
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Quality Plated Products Ltd., Grauer & Weil (India) Limited, Bolta Werke GmbH, SARREL, Atotech Limited, SRG Global, Cybershield Inc., Galva Decoparts Pvt. Ltd., Sharretts Plating Company Inc., and Phillips Plating.
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