Plating on Plastics Market Analysis | 2022-2028

Market Insights

"The plating on plastics market is likely to grow from USD 629.82 million in 2021 to USD 1067.44 million by 2028 at an impressive CAGR of 7.76% during the forecast period of 2022-2028."

Plating on plastic is considered as an effective means to protect a substrate against corrosion forces and make it more damage-resistant from chemicals used in the manufacturing process. For instance, plating on plastic is capable of increasing the strength and wear resistance of the substrate.

The major factors such as the 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 the economic benefits attained on producing components for these industries are expected to fuel the growth of the market during the forecast period.

The plating on plastics market is forecast to grow owing to the rising demand for lightweight and high-performance materials in the automotive, electronics, and building markets. These factors include the higher desire for a better appearance low friction, better corrosion resistance and greater wearability. Other opportunities are the development of such plating technology as well as the development of alternative plating processes that do not adversely affect the environment. However, the high production costs and some of the chemicals have to be used with caution there making the manufacturing to be quite challenging.

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Segment Analysis

Plastic Insights

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 market growth during the forecast period.

Application Insights

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.

Regional Trends

"North America accounted for the largest market share."

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 the latest technologies including IoT solutions, robotics and virtual reality in consumer electronic product manufacturing for achieving efficient and less expensive production in the regional consumer electronics market during the forecast period. In addition, the presence of some of the key players of consumer electronics manufacturers in the region is also expected to fuel market growth in the upcoming years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players

Some of the major players in the plating on plastics market are:

• 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

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The plating on plastics market is segmented into the following categories:

By Finish Type:

• Copper
• Nickel
• Chromium
• Other

By Plastic Type:

• ABS
• Polycarbonate
• PC/ABS
• PEI-Ultem
• PET
• PBT
• LCP
• PEEK
• PP
• Nylon
• Other

By Application Type:

• Automotive
• Domestic Fittings
• E&E
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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