Press release
Plating on Plastics (POP) Market Global Trends 2016 to 2023, Future Growth & Industry Drivers
Plating on Plastics (POP) 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. Plated 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.Global Market Insights has a new study based report titled " Plating on Plastics (POP) Market Size By Finish (Chrome [Cu, Ni & Cr]), By Plastic (ABS, PC, PC/ABS, PEI, PET, PBT, LCP, PEEK, PP, Nylon), By Application (Automotive, Domestic Fittings, Electronics & Electrical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India, Brazil, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016– 2023".
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The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
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.
The Plating on Plastics (POP) Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Plating on Plastics (POP) Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Plating on Plastics (POP) Market Product Insights
5. Plating on Plastics (POP) Market Application Insights
Automotive applications dominated plating on plastics market share with valuation exceeding USD 295 million in 2015. Automotive application for plated plastics is at the forefront worldwide and varies from internal decorative trim to highly visible front grills for different variety of cars ranging from base to premium segment.
Domestic plumbing application accounted for over 9% of the demand in 2015. These products are preferred by consumers owing to aesthetically pleasing and tough abrasion resistance of hard metallic deposits. The metal finishing provides ductility which provides premature failure at times when subjected to hot and cold climatic conditions.
6. Plating on Plastics (POP) Market Regional Insights
Europe, driven by UK and Germany plating on plastics market size, dominated regional demand by generating revenues worth approximately USD 150 million in 2015. Presence of various regional service providers along with numerous high-end OEMs such as BMW, Mercedes, Volkswagen, Renault, and Volvo are expected to drive POP demand in Europe.
APAC, dominated by China plastic electroplating market share, is likely to witness highest gains at over 7% up to 2022. Shift of OEMs facility in Asia Pacific and growth in automobile production in countries such as China, India, Thailand and Indonesia is likely to drive regional growth.
Latin America, driven by Brazil, is likely to witness significant gains over the forecast period owing to improving economic conditions and growth in automobile sales. Middle East & Africa, driven by Saudi Arabia, is likely to drive regional demand owing to increase in luxury automobile sales and growth in disposable income levels among consumers.
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7. Competitor Profiles
Major plating companies include Xinpoint, Bolta Werke, SRG Global and Sarrel Group. Other industry participants majorly consist of regional players catering to OEMs and sanitary fittings market. Companies such as Trenton, BEP Surface Technology, , Applegate, Thanh Luan, Chromal, Helco Metal , MPC and Chrome Tech forms a fragmented part of the market catering to different end-use industries.
About Global Market Insights, Inc.:
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.
Contact us:
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: www.gminsights.com/
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