Press release
Plating on Plastics Market 2018: Applegate, Thanh Luan, Chromal, Helco Metal
Global Market Insights
Plating on plastics market size is set to generate over USD 649 million in revenue by 2023, according to the latest research report by Global Market insights, Inc. plating on plastics market size analysis expects significant growth owing to strong focus by automobile manufacturers for imparting aesthetic appearance to vehicle design apart from performance specifications.
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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 on plastics industry 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.
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.
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Automotive applications dominate plating on plastics industry 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 Plating on Plastics 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 plating on 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.
Partial Chapter of the Table of Content:
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
Chapter 4 Plating on Plastics (POP) Finish Insights
4.1 Global POP market volume share by finish type, 2015 & 2023
4.2 Chrome Finish (Ni, Cu, Cr)
4.2.1 Market estimates and forecast, 2012 - 2023
4.2.2 Market estimates and forecast by region, 2012 - 2023
4.3 Other finish types
4.3.1 Market estimates and forecast, 2012 - 2023
4.3.2 Market estimates and forecast by region, 2012 - 2023
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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