Press release
Plating on plastics market moving toward 2024 With New Procedures
Global Market Insights
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Global plated plastics market size was 85.9 million square meters in 2015. Vehicle performance is somewhat similar across segments for most OEMs, aesthetic value from chrome plated plastics may offer product differentiation on design parameters.Chrome plated ABS was most commonly used as a surface and accounted for over 75% of the total demand in 2015. Ease in etching and quick adhesion with other substrates coupled with low cost in comparison to other polymers makes ABS usage predominant in plating on plastics market share.
PC/ABS chrome plating market offers high temperature automotive application capabilities such as wheel covers and is forecast to achieve highest gains at 7% up to 2023. PC/ABS plating contains anywhere between 40% & 60% ABS with rest accounted by PC.
Norms regularized to eliminate hexavalent chromium usage owing to environmental hazards is set to challenge industry growth. 21st September, 2017 is the sunset date from REACH in the EU for the POP industry to stop using hexavalent chromium. Sharper angles & holes resulting from complexity in polymer design may cause non uniform plating deposits on substrates, which may also contribute to hamper growth.
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Dow and Enthone have developed technologies to eliminate hexavalent chromium usage and comply with REACH guidelines.
Global plating on plastics market size is set to grow at 6.5% CAGR and reach 141.6 million square meters by 2023.
Automotive applications dominate POP market share and accounted for 79.9% of the total demand in 2015. Addition of new automobile variants every year along with reduction in vehicle weight for fuel efficiency is expected key industry trend boosting POP demand.
Europe, led by Germany and UK plating on plastics market, was dominant regional industry and comprised of over 36% of the total demand in 2015. Germany chrome plated ABS plastic market size was worth over USD 32 million in 2015.
APAC, majorly driven by China plastic electroplating market size, is forecast to attain highest gains at 7.2% up to 2023. China automotive applications should attain growth rates at 7.9% and register close to USD 115 million by 2023.
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Global plating on plastics market share is competition intensive and quite fragmented. Vehicle manufacture rely on plated plastics market participants to comply with prescribed OEM specifications and follow stringent quality control norms.
Plated plastics market share consists of process & chemistry providers along with plating companies. Bolta Werke, Sarrel Group, SRG Global and Xinpoint are notable plating on plastic companies.
Chapter 2 Executive Summary
2.1 Plating on Plastics (POP) industry 360° synopsis, 2012 - 2023
Chapter 3 Plating on Plastics (POP) Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 Regulatory/Legislative Framework
3.4.1 REACH
3.4.2 EPA
3.4.3 OSHA
3.5 Innovation & sustainability
3.5.1 Issues with hexavalent chromium
3.5.2 Alternatives to hexavalent chromium
3.6 Raw material trends, 2012 - 2023
3.6.1 Copper
3.6.2 Nickel
3.6.3 Chromium
3.7 Industry Impact forces
3.7.1 Growth drivers
3.7.1.1 Increase in lightweight component demand for automobile production
3.7.1.2 Positive outlook on Asia Pacific automobile industry
3.7.2 Industry pitfalls & challenges
3.7.2.1 Plastic design and process cost concerns
3.7.2.2 Stringent environmental concerns
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 POP company market share analysis, 2015
3.10.1 Industry POP capacity estimates, by company
3.10.2 Strategic landscape
3.11 PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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