The
global Plating
On Plastics Market size 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.
Request
a sample copy or view summary of this report@ 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
About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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