Plating on Plastics Market Trends, Recent Developments and Technology, Size, Share, Future Growth, Forecast Research Report 2030

Plating on Plastics Market: Introduction

In terms of value, the global plating on plastics market is anticipated to expand at a CAGR of ~7% from 2020 to 2030 and reach US$ 1.3 Bn by 2030. Europe dominated the global plating on plastics market in terms of volume in 2019. It is estimated to be the leading region of the global plating on plastics market during the forecast period. The automotive industry is projected to offer lucrative opportunities for the plating on plastics market in the near future.

Contact For Full Sample PDF Of The Plating on Plastics  Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12671

Competition Landscape

Key manufacturers operating in the global plating on plastics market include Atotech Limited, Xin Point Holdings Ltd., Phillips Plating, Bolta Werke GmbH, and Grauer & Weil (India) Limited.

Plating on Plastics Market: Overview

In terms of value, the plating on plastics market is expected to reach US$ 1.3 Bn by 2030

Rise in demand for plating on plastics, owing to its wide applicability in automotive and electrical & electronics application is anticipated to boost the global plating on plastics market during the forecast period

Automotive is projected to be a highly lucrative application segment of the global plating on plastics market in the near future

Plating on Plastics Market: Major Drivers and Restraints

The rise in demand for plastic in the automotive industry is expected to drive the global plating on plastics market during the forecast period. Plastics offer several structural and weight advantages over traditional metal automotive parts. They are used as raw materials to manufacture various structural, interior, exterior, and other automobile components. Furthermore, plating with metals, such as chrome and nickel provides enhanced esthetic appearance, corrosion resistance, and overall strength to products.

Therefore, increase in usage of metal plating on various automotive components made of plastics is estimated to propel the global plating on plastics market during the forecast period. Lightweight plated plastic parts offer bright and shiny appearance to products. Nickel plating helps avoid water stains on plumbing fixtures in kitchens and bathrooms. It also provides hygienic benefits and better design possibilities. Thus, rise in luxurious and high quality plumbing fixtures is anticipated to boost the global plating on plastics market in the near future.

Click Here For Enquiry: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=12671

Several players have taken strategic initiatives, such as acquisitions, in order to expand their plating on plastics business, owing to high demand for plating on plastics in various automotive and electronics & electrical applications. This is also likely to boost the global plating on plastics market during the forecast period.

Plating on Plastics Market: Prominent Segments

Based on plating type, the chrome segment held major share of the global plating on plastics market in 2019. This trend is anticipated to continue during the forecast period, due to the relatively low cost filter media of chrome. In terms of base material, the ABS segment accounted for significant share of the global plating on plastics market in 2019. Based on application, the automotive segment constituted large share of more than 75% of the global plating on plastics market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the electrical & electronics segment is projected to expand at a rapid pace during the forecast period.

Growing Adoption in Automotive Sector to Aid Market Growth

The original equipment manufacturers across the automotive sector are increasingly burdened with challenges across the supply chain, particularly regarding parts quality. Several new plating on plastic technologies are being explored across the automotive industry such as acid copper technologies. At present, OE's are extensively focusing on improving performance, widening the process operating window, minimizing volume of rejected parts, and boosting production capacity.

The automotive industry is likely to provide considerable opportunities for players operating in the plating on plastics market, as the demand for lightweight automobiles continues to grow due to which, the adoption of plastic components has witnessed notable growth. This is estimated to boost market growth. Although chromium was a popular choice among manufacturers for several decades, new technologies and materials are being explored amid the mounting environmental concerns.

Get Complete Report for Better Understanding: https://www.transparencymarketresearch.com/plating-plastics-market.html

Global Plating on Plastics Market: Segmentation

Plating on Plastics Market, by Plating Type

Chrome

Nickel

Others (including Copper)

Relevant Reports Publish by TMR

Waterproofing Membranes Market: https://www.transparencymarketresearch.com/waterproofing-membrane-market.html

Magnetic Polymer Market: https://www.transparencymarketresearch.com/magnetic-polymer-market.html

Chemical Warehousing Market: https://www.transparencymarketresearch.com/chemical-warehousing-market.html

Tire Recycling Downstream Products Market: https://www.transparencymarketresearch.com/tire-recycling-downstream-products-market.html

Activated Alumina Market: https://www.transparencymarketresearch.com/activated-alumina-market.html

Floating Power Plant Market: https://www.transparencymarketresearch.com/floating-power-plant-market.html

About Us Section:

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.