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.
Browse full research report on Plating on Plastics (POP) Market: https://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
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
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
- U.S.
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Central &
South America
- Brazil
- Middle East
& Africa
- 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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