Plating on plastics Market Share 2019 In-Depth Analysis of Industry Growth Trends & Forecast up to 2024
According to a new research report by Global Market
Insights, Inc Plating on Plastic Market size is set to surpass USD 750 million
by 2024. Growing high-performance & lightweight plastics demand owing to
design flexibility and increase in automobile efficiency is anticipated to
drive plating on plastics market growth. High performance plastics & blends
offers vehicle manufacturers flexibility to design numerous shapes and offer
strength comparable to that of steel, which also supports in reducing vehicle
weight and restraint pollution levels.
Copper and nickel are generally used together for all chrome
plating OEMs and domestic fitting applications. Copper plating is done on
plastic substrate to provide electrical conductivity and decorative coating.
Nickel plating helps in providing wear resistance, enhancing corrosion
resistance and increasing surface thickness. Chrome plated plastics offers
advantages including good surface finish, rust resistance and aesthetic appeal
thus, promoting plating on plastics product demand.
Germany plating on plastics market from
automotive is anticipated to exceed USD 65 million by 2024. Increasing demand
for aesthetic appearance by OEMs to differentiate automobile design supported
by properties including corrosion and wear resistance is likely to favor
product demand. Presence of various regional service providers along with
numerous high-end automobile manufacturers including BMW, Mercedes, Volkswagen,
Renault, and Volvo will propel plating on plastics market.
Availability of skilled
labor along with favorable government policies regarding FDI is likely to
attract automobile manufacturers to set up production bases in Asia Pacific,
which may propel regional industry growth. Increase in per-capita disposable
income and population growth mainly in India & China is anticipated to
drive regional plating on plastics market in projected timeframe.
Technology innovation
in polymer industry has resulted in metal substitution by plastics in end-use
industries including automotive, aerospace, domestic appliances, and
electronics. Plastics provide advantages like weight reduction, design
flexibility, and fabrication ease. The chemical process development for surface
preparation of ABS enabled good bonding characteristics between the metallic
coating and plastic substrate was a major breakthrough leading to plating on
plastics industry growth.
Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/plating-on-plastics-POP-market
https://www.gminsights.com/industry-analysis/plating-on-plastics-POP-market
China plating on plastics market from domestic fittings is
observed to surpass USD 10 million in the estimated timeframe. Heavy grade
plastics are extensively used for domestic fittings applications to ensure
superior appearance. Growing trend for colored bathroom fixtures due to its
appearance, hygiene, wear resistance and costs is likely to drive POP market
growth.
Plating on plastics market from ABS plastic type may observe
significant gains up to 6.5% in projected timeframe. ABS is a copolymer that
contains rubber, making it easy for etching and raw material adhesion,
resulting in satisfactory plating output. This blend contains between 40% and
60% of ABS, with the rest consisting of PC. They offer higher strength along
with other properties including ductility. They are used in high temperature
performance areas including wheel covers and are projected to witness a strong
growth potential. They are used electrical & electronics, where high
thermal stability is required having wide application scope would further
propel POP industry growth.
Global plating on plastics market share is competitive and
moderately fragmented. Major industry participants include Dow Chemical,
MacDermid, Dixline, Phillips Plating Corporation, SRG Global, Bolta Werke,
Okuno International, Atotech, Grohe, MPC Plating and Sarrel.
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.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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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
Connect with us twitter | LinkedIn | Facebook | Google+
Plating on plastics Market Share 2019 In-Depth Analysis of Industry Growth Trends & Forecast up to 2024
Reviewed by GMI
on
October 11, 2019
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