Press release
Plating on Plastics Market | Business Economic Outlook, Growth Share, Future Trends & Forecast 2031
In terms of value, the global plating on plastics market is anticipated to expand at a CAGR of ~7% from 2020 to 2030 and reach US$ 1.3 Bn by 2030. Europe dominated the global plating on plastics market in terms of volume in 2019. It is estimated to be the leading region of the global plating on plastics market during the forecast period. The automotive industry is projected to offer lucrative opportunities for the plating on plastics market in the near future.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/plating-plastics-market.html
๐๐ฅ๐๐ญ๐ข๐ง๐ ๐จ๐ง ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฃ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
The rise in demand for plastic in the automotive industry is expected to drive the global plating on plastics market during the forecast period. Plastics offer several structural and weight advantages over traditional metal automotive parts. They are used as raw materials to manufacture various structural, interior, exterior, and other automobile components. Furthermore, plating with metals, such as chrome and nickel provides enhanced esthetic appearance, corrosion resistance, and overall strength to products. Therefore, increase in usage of metal plating on various automotive components made of plastics is estimated to propel the global plating on plastics market during the forecast period. Lightweight plated plastic parts offer bright and shiny appearance to products. Nickel plating helps avoid water stains on plumbing fixtures in kitchens and bathrooms. It also provides hygienic benefits and better design possibilities. Thus, rise in luxurious and high quality plumbing fixtures is anticipated to boost the global plating on plastics market in the near future.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12671
Several players have taken strategic initiatives, such as acquisitions, in order to expand their plating on plastics business, owing to high demand for plating on plastics in various automotive and electronics & electrical applications. This is also likely to boost the global plating on plastics market during the forecast period.
In October 2017, Cybershield Inc. completed the acquisition of Seleco Inc., a manufacturer of electroless copper and nickel plating on plastic. It includes the acquisition of the 'Seleco Plating Process.' The acquisition is expected to help the company expand its customer base in North America. Chrome, a key plating material used on plastics, is hazardous to human health, the ecosystem, and the environment. It is harmful to the respiratory system of humans. It can cause bronchitis, pneumonia, and other diseases upon prolonged exposure. The Occupational Safety and Health Administration developed and instituted a series of regulations regarding the use of hexavalent chromium at workplaces, due to various health issues related to it. Currently, companies that use chrome to plate plastics and other materials are required to adhere to stringent environmental guidelines to protect their workers. Thus, implementation of stringent environmental regulations on the usage of chrome is projected to hamper the plating on plastics market during the forecast period.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=12671
๐๐ฅ๐๐ญ๐ข๐ง๐ ๐จ๐ง ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
Based on plating type, the chrome segment held major share of the global plating on plastics market in 2019. This trend is anticipated to continue during the forecast period, due to the relatively low cost filter media of chrome. In terms of base material, the ABS segment accounted for significant share of the global plating on plastics market in 2019. Based on application, the automotive segment constituted large share of more than 75% of the global plating on plastics market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the electrical & electronics segment is projected to expand at a rapid pace during the forecast period.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Key manufacturers operating in the global plating on plastics market include Atotech Limited, Xin Point Holdings Ltd., Phillips Plating, Bolta Werke GmbH, and Grauer & Weil (India) Limited.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12671
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ข๐ง๐ ๐จ๐ง ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฅ๐๐ญ๐ข๐ง๐ ๐จ๐ง ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฅ๐๐ญ๐ข๐ง๐ ๐๐ฒ๐ฉ๐
Chrome
Nickel
Others (including Copper)
๐๐ฅ๐๐ญ๐ข๐ง๐ ๐จ๐ง ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ฌ๐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ
ABS
PC
ABS/PC
PEI
PET
PBT
Nylon
Others (including Teflon)
๐๐ฅ๐๐ญ๐ข๐ง๐ ๐จ๐ง ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Automotive
Building & Construction
Electrical & Electronics
Others (including Perfume Bottle Caps)
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Rohit Bhisey
Transparency Market Research Inc.
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