Global Plating on Plastics Market to Reach US$ 1,301.3 Million by 2032, Propelled by Rising Product Adoption in Automotive Industry

March 07, 2023 | Chemical & Materials

The latest report by IMARC Group, titled "Plating on Plastics Market Report by Plastic Type (ABS, ABS/PC, PEI, PBT, LCP, PEEK, PP, and Others), Plating Type (Chrome, Nickel, and Others), Application (Automotive, Building and Construction, Utilities, Electronics, and Others), and Region 2024-2032," finds that the global plating on plastics market size reached US$ 690.8 Million in 2023. Plating on plastics (POP) is the process of electroplating a plastic surface with various metals, such as nickel, electroless nickel, chrome, cobalt phosphorus, gold, copper, and silver. It includes multiple processes such as pre-dipping, cleaning, accelerating, etching, neutralizing, conditioning, activating, and bath immersion. It helps promote electrical conductivity, enhance aesthetic appeal, increase surface hardness, improve corrosion and wear resistance, and provide a base coating. Owing to these properties, plating on plastic finds extensive applications in the electronics, automotive, and plumbing industries across the globe.

Global Plating on Plastics Market Trends:

The market is primarily driven by the rising product adoption in the automotive industry for manufacturing interior trims, auxiliary lamps, mirror housings, name badges, window trims, radiator grills, and front and rear lamps. In addition, the increasing utilization of POP to enhance the aesthetic appearance of plastic trims on computers, mobile phones, buttons, knobs, and switches represent another major growth-inducing factor. Besides this, key players are developing eco-friendly product variants made without the use of fluorinated surfactants, formaldehyde, phosphates, and boric acid. They are also adopting multi-molded and two-shot parts processes to reduce costs and improve the existing product quality. Moreover, the market is also propelled by the rising utilization of double-layer nickel systems comprising a semi-bright underneath layer with a bright nickel topcoat that improves the corrosion resistance of POP. Looking forward, IMARC Group expects the market value to reach US$ 1,301.3 Million by 2032, exhibiting a CAGR of 7.1% during the forecast period (2024-2032).

Market Summary:

Based on the plastic type, the market has been segmented into ABS, ABS/PC, PEI, PBT, LCP, PEEK, PP, and others.
On the basis of the plating type, the market has been classified into chrome, nickel, and others.
Based on the application, the market has been segmented into automotive, building and construction, utilities, electronics, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being Artcraft Plating and Finishing Company Inc., Atotech, Bolta Werke GmbH, Cybershield Inc., DuPont de Nemours Inc., Galva Decoparts Pvt. Ltd., JCU Corporation, Leader Plating on Plastic Ltd, MacDermid Incorporated (Element Solutions Inc), MPC Plating Inc., Phillips Plating Corporation, and Precision Plating (Aust) Pty Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Plastic Type, Plating Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Artcraft Plating and Finishing Company Inc., Atotech, Bolta Werke GmbH, Cybershield Inc., DuPont de Nemours Inc., Galva Decoparts Pvt. Ltd., JCU Corporation, Leader Plating on Plastic Ltd, MacDermid Incorporated (Element Solutions Inc), MPC Plating Inc., Phillips Plating Corporation, and Precision Plating (Aust) Pty Ltd.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Plating on Plastics Market to Reach US$ 1,301.3 Million by 2032, Propelled by Rising Product Adoption in Automotive Industry

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