Plating on Plastics Market, By Plating (Chrome, Nickel), By Plastic (ABS, ABS/PC, PEI, PBT, PP, Nylo

Published Date: April 2020 | Report Code : MT2063366

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Plating on Plastics Market, By Plating (Chrome, Nickel), By Plastic (ABS, ABS/PC, PEI, PBT, PP, Nylon/ Polyamide, Others), By Application (Automotive, Construction, Utilities, Electronics, Others) and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Domain : Materials

Report Code : MT2063366

Status : Published April 2020

The global plating on plastics market size was valued at USD 550 million in 2019 and is anticipated to grow at a CAGR of 3.2% during the forecast period. Plating on plastics refers to electroplating the plastic surface with metals like nickel, chrome, electro-less nickel, copper, cobalt phosphoric, gold, silver and others. This method offers many functional as well as decorative advantages to the finished product. the method provides a wonderful surface quality along with extra advantages like flexibility, toughness and lightness to the substrate. The plating method involving gold and silver conjointly enhances the overall aesthetic appearance of the finished material. Moreover, it also improves the corrosion and abrasion resistance of the plastic substrate as well as strengthens it. The metal coating method also increases the resistance against specific set of chemicals that are used during the manufacturing process. The manufacturing method involves 3 major steps; molding, preplating and electroplating. Firstly, in molding method the parts are converted into the desired component, while in next step, the molded part is given an electroless bath. in the last step, the extra metal is plated onto the surface.

Considering the current market scenario, the global plating on plastics market is primarily being driven by increasing demand for lightweight metal substitutes in the automotive and electronics industries are expected to be key driving factors in the market. In addition, growing consumer awareness towards the environmental benefits like reduction in carbon dioxide emissions including performance efficiency offered by light weight commercial vehicles is expected to propel the demand over the forecast period. However, rising stringency in the regulations governing regulations may severely impact the overall market growth. The Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) has banned the usage of hexavalent chromium in POP industry. Furthermore, stringent regulations set by epa and osha are expected to hamper overall growth in coming years.

Key Factors Impacting the Growth of Plating on Plastics Market:

  • Increasing demand for light-weight metal substitutes in the automotive and electronics industries.
  • Growing consumer awareness towards the environmental benefits such as reduction in co2 emissions coupled with performance efficiency offered by light weight commercial vehicles.

The plating on plastics market segmentation is based on plating, plastic, application and region.

Plating Outlook:

Based on plating, the market has been segmented into chrome and nickel. The chrome segment is expected to dominate the market because chrome plating is the most commonly used metal for coating applications. Though, hexavalent chromium is prohibited by REACH in EU, trivalent chrome is used extensively as it is environment friendly. It is commonly used to plate arm rest, fiberglass pipes, grills, and various motorbike parts. It provides good surface finish, aesthetic appeal and rust resistance to the substrate.

Plastic Outlook:

Based on plastic, the market is segmented into ABS, ABS/PC, PEI, PBT, PP, Nylon/Polyamide, and others. The Acrylonitrile-Butadiene styrene (ABS)  segment is expected to lead the market during the forecast period. It is the most widely accepted in the global market. it has an acrylonitrile-styrene matrix which has butadiene rubber evenly distributed on it. This unique property makes its plating effective. The butadiene is etched out from the matrix which leave microscopic holes that are utilized as bonding sites by the plate. Cheaper costs, ease of molding, high metallic adhesion and low coefficient of thermal expansion are major drivers of ABS product segment.

Regional Outlook:

Based on the region, the global plating on plastics market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America governs the worldwide optometry equipment market in 2019. Europe dominated the overall market in terms of revenue followed by North America. Europe is majorly driven by automotive industry in uk and germany. Chrome finished automotive have attained considerable popularity in Europe and North America. The region is witnessing rising environmental regulations which has led higher demand for lighter aerodynamic cars. auto giants like BMW, Volvo, Volkwagen, Diamer ag and others are probably to drive the demand for the overall market in future.

Competitive Landscape

The dominated players in the plating on plastics market include  Atotech, Bolta Werke, Cybersheild, Chromoplastica, SRG Global Inc, Sharretts Plating Company (SPC), Sarrel, Dow Chemical Company, Dixline Corporation, BIA Kunststoff- und Galvanotechnik (BIA), Galva Decoparts Pvt. Ltd, Grohe AG, JCU Corporation, MacDermid Inc, Phillips Plating Corporation,  Arteraft Planting and Enthone.

This report also includes the profiles of key plating on plastics market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Plating on Plastics market:

  • In 2016, Galva Decoparts, a company which specializes in processes related to plating facilities, plating on plastics, masking, and molding started new plating plant with European collaboration.
  • In December 2015, Platform Specialty Products acquired Alent plc, parent company of Enthone. This acquisition led to launch of MacDermid Performance Solutions, to combine original MacDermid operations with Alent (Alpha and Enthone and Fernox), and OM group, a metal based chemistry firm.

What Does This Report Provide?

This report provides a detailed understanding of the global plating on plastics market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Plating

  • Chrome
  • Nickel

By Plastic

  • ABS
  • ABS/PC
  • PEI
  • PBT
  • PP
  • Nylon/ Polyamide
  • Others

  By Application

  • Automotive
  • Construction
  • Utilities
  • Electronics
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End User
  • Europe
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
    • By Type
    • By End User
  • South America
    • By Region Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Type
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the plating on plastic market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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