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 Market: http://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: http://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
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-plating-on-plastics-pop-market
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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