DOVER, Delaware, April 18, 2016 /PRNewswire/ --
Plating on plastics (POP) market size is set to generate over USD 649 Million in revenue by 2023, according to the latest research report by Global Market insights, Inc. Plated plastics market size analysis expects significant growth owing to strong focus by automobile manufacturers for imparting aesthetic appearance to vehicle design apart from performance specifications.
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Global plated plastics market size was 85.9 Million square meters in 2015. Vehicle performance is somewhat similar across segments for most OEMs, aesthetic value from chrome plated plastics may offer product differentiation on design parameters.
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Chrome plated ABS was most commonly used as a surface and accounted for over 75% of the total demand in 2015. Ease in etching and quick adhesion with other substrates coupled with low cost in comparison to other polymers makes ABS usage predominant in plating on plastics market share.
PC/ABS chrome plating market offers high temperature automotive application capabilities such as wheel covers and is forecast to achieve highest gains at 7% up to 2023. PC/ABS plating contains anywhere between 40% & 60% ABS with rest accounted by PC.
Norms regularized to eliminate hexavalent chromium usage owing to environmental hazards is set to challenge industry growth. 21st September, 2017 is the sunset date from REACH in the EU for the POP industry to stop using hexavalent chromium. Sharper angles & holes resulting from complexity in polymer design may cause non uniform plating deposits on substrates, which may also contribute to hamper growth.
Dow and Enthone have developed technologies to eliminate hexavalent chromium usage and comply with REACH guidelines.
Browse Plating on Plastics (POP) Market Size by Finish (Chrome [Cu, Ni & Cr]), by Plastic (ABS, PC, PC/ABS, PEI, PET, PBT, LCP, PEEK, PP, Nylon), by Application (Automotive, Domestic Fittings, Electronics & Electrical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India, Brazil, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2023 report at: https://www.gminsights.com/industry-analysis/plating-on-plastics-POP-market
Key insights from the report include:
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Global Market Insights has segmented the plating on plastics (POP) industry on the basis polymer, finish, application and region:
POP Finish Type Analysis (Volume, Million Square meters; Revenue, USD Million, 2012 - 2023)
POP Plastic Type Analysis (Volume, Million Square meters; Revenue, USD Million, 2012 - 2023)
POP Application Analysis (Volume, Million Square meters; Revenue, USD Million, 2012 - 2023)
POP Regional Analysis (Volume, Million Square meters; Revenue, USD Million, 2012 - 2023)
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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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