Plating on Plastics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
Global Plating on Plastics Market: Overview
Plating on plastics (POP) refers to the application of metal onto plastic surfaces by virtue of the process of electroplating. Plastics are plated with metals such as chromium and nickel to give them the high quality lustrous finish typical of metal surfaces and add qualitative features such as good corrosion resistance, abrasion resistance, toughness, and ease of cleaning.
The use of plastics started remarkably increasing nearly five decades ago, majorly owing to their physical properties including toughness, flexibility, lightness, excellent surface quality, and ease of producing complex parts. This led to the replacement of metals with plastics as the materials for construction in a number of applications. Such large scale use of plastic prompted manufacturers to investigate ways of providing plastic surfaces good finish and better aesthetic appeal. As electroplating metals like nickel and cadmium onto plastics provided the necessary quality to plastics, the field of plating on plastics started gaining increased attention from several industries looking for wider uses of plastics in a variety of applications.
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This report on the global plating on plastics market gives a detailed overview of the historical growth and developmental trajectory of the global POP market. The detailed document also gives a forward looking perspective of the market’s potential growth prospects over the forecast period.
Global Plating on Plastics Market: Trends and Opportunities
The rising demand for lightweight and high-performance substitutes to metals in the automotive industry is one of the major factors driving the global POP market. Rising consumer awareness regarding the environmental benefits of lightweight vehicles has led to the increased usage of a variety of plastics and polymers in the automotive industry, which is subsequently driving the POP market.
The automotive industry is the leading end user of the technique. These sector employs POP across verticals ranging from internal decorative elements to exterior protective elements and accessories across a variety of basic as well as premium cars.
However, the plating on plastics technique finds applications in many other industries as well, apart from the automotive industry, including consumer goods, food and beverages, cosmetics, plumbing, and automotive. The global POP market also earns a major share in its overall revenues owing to the several applications in the plumbing sector. Owing to the features such as corrosion resistance, toughness, excellent aesthetics, and abrasion resistance of metal plated plastics, these are highly preferred in the plumbing industry. The metal finish of POP-treated polymers makes them ideal for use in areas that are constantly subjected to humid and intermittent hot and cold conditions, such as bathroom fittings.
Global Plating on Plastic Market: Region-wise Overview
The global plating on plastics market is presently led by Europe, owing to the presence of some of the world’s leading automotive companies such as Mercedes, BMW, Volvo, and Volkswagen in the region. The recent global economic depression, which had an especially strong impact on a number of industries in Europe, also had a major impact on the region’s automotive industry and subsequently impacted the POP market as well. However, the post-depression recovery has revitalized the automotive industry and presents major growth opportunities for the POP market as well.
Asia Pacific presents major growth opportunities for the global POP market owing to the rising demand for passenger and luxury vehicles in developing countries such as India and China. The rapidly rising population of high disposable income demographics in these countries has led to an increased demand for passenger and commercial vehicles in the past few years. The flourishing automotive industry in the region, along with the availability cheap labor and raw materials, has also prompted several international automobile manufacturers in shifting their manufacturing bases to Asia Pacific. This has provided a major boost to the Asia Pacific POP market in the past few years and is expected to be a major driver of the market over the report’s forecast period as well.
Global Plating on Plastics Market: Competitive Landscape
The global POP market features the presence of a large number of vendors operating amid intense competition. The highly fragmented competitive landscape is fueling market players to invest more funds aimed at the research and development of more effective and reliable plating technologies. Acquisition of specialty chemical manufacturers is a popular trend among companies in the plating on plastic market.
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Some of the major companies in the market are Applegate, Helco Metal, Sarrel Group, Thanh Luan, Trenton, Bolta Werke, Chromal, BEP Surface Technology, and Xinpoint.
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