Stratview Research has published a new report titled “Plating on Plastics Market” which is segmented by Finish Type (Copper, Nickel, Chromium, and Others), by Plastic Type (ABS, Polycarbonate, PC/ABS, PEI-Ultem, PET, PBT, LCB, PEEK, PP, Nylon, and Others), by Application Type (Automotive, Domestic Fittings, E&E, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, plating on Plastics Market is likely to witness an impressive CAGR of 8.0% during the forecast period. The major factors such as increase in product demand from various applications and growing demand for high performance & lightweight features in industries including automotive, electronics & electrical components, and domestic fittings, and economic benefits attained on producing components for these industries are expected to fuel the growth of the market during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the plastic type, the plating on plastics market is segmented as ABS, polycarbonate, PC/ABS, PEI-Ultem, PET, PBT, LCB, PEEK, PP, nylon, and others. ABS is highly considered for chrome plated plastics. The growth of the segment is attributed to its easy engraving and adhesive feature of key raw materials including copper, nickel, and chromic acid. Further, ABS is an amorphous blend of acrylonitrile, styrene, and butadiene, and is of low cost as compared to other plastic types and also, easy to metalize. ABS resins are mainly used to mold parts which require close dimensions offering high impact resistance, metal plating, and outstanding finishing of surfaces. The product offers good dimensional stability, low weight, good toughness & rigidity, low creep and acid & alkalis resistive features fueling the market growth during the forecast period.
Based on the application type, the plating on plastics market is segmented as automotive, domestic fittings, E&E, and others. Factors such as growing sales of automotive, which is positively influencing the demand for plating on plastics as it helps in improving the aesthetic appeal of the vehicle and is attracting mass consumers, accompanied by growth in lightweight plastics demand for an increased efficiency of fuel, and increasing emergence for decreasing automotive weight to lower the consumption of fuel are expected to fast-track the growth of the market during the forecast period.
Which Region is expected to remain the largest market?
In terms of regions, North America is estimated to account for the largest share of the market during the forecast period. The growth is attributed to the emergence of latest technologies including IoT solutions, robotics and virtual reality in consumer electronic products manufacturing for achieving efficient and less expensive production in the regional consumer electronics market during the forecast period. In addition, presence of some of the key players of consumer electronics manufacturers in the region is also expected to fuel the market growth in the upcoming years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Plating on Plastics Market:
· Artcraft Plating and Finishing Company Inc.
· Atotech India Limited
· Bolta Werke GmbH
· C. Uyemura & Co. Ltd.
· COVENTYA Group
· Cybershield, Inc.
· Dixline Corporation
· Dow Chemical International
· Enthone
· Galva Decoparts
· Grohe AG
Key questions answered by the report
- What is the projected CAGR for revenue from the Plating on Plastics Market during the forecast period?
- What would be the market be valued at by 2025?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Plating on Plastics Market?
- Which are the major market players?
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