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The plating on plastics (POP) market share is expected to increase by USD 191.38 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.13%.
This plating on plastics (pop) market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the plating on plastics (POP) market segmentation by end-user (automotive, electrical and electronics, construction and building, and others), product (nickel, chrome, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The plating on plastics (POP) market report also offers information on several market vendors, including Covestro AG, Cybershield Inc., DuPont de Nemours Inc, Element Solutions Inc., Galva Decoparts Pvt. Ltd., Grauer and Weil India Ltd., Integran Technologies Inc, Koch Industries Inc., Leader Plating on Plastic Ltd, MPC Plating Inc, Phillips Plating Corp., Plasman Plastics Inc., SARREL, Sharretts Plating Co. Inc., The Carlyle Group Inc., Winning Group AS, Xin Point Holding Ltd., and Okuno Pharmaceutical Co. Ltd. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increasing use of acrylonitrile butadiene styrene (ABS) is notably driving the plating on plastics (POP) market growth, although factors such as lower complexity of plating on metals than plating on plastic may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the plating on plastics (POP) market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Plating On Plastics (POP) Market Driver
The increasing use of acrylonitrile butadiene styrene (ABS) is one of the key factors driving the global plating on plastics (POP) market growth. ABS is one of the widely used plastics for plating. Electronics and consumer appliances are the key uses of plastics for plating, followed by the transportation sector. The automotive industry uses high-quality plastic with superior ductility to ensure recovery from impacts. ABS is used for manufacturing various exterior and interior parts in commercial and passenger vehicles. The growing trend of using lightweight materials in vehicles to reduce their weight and emissions drives the use of ABS in the transportation industry. APAC was a key consumer of ABS resins in 2018, and China contributed to more than one-third of the global capacity and more than 50% of global consumption. Factors such as consolidation and capacity rationalization in Europe and North America and the increasing producer base in APAC will drive the ABS market and in turn, the plating on plastics (POP) market.
Key Plating On Plastics (POP) Market Trend
The emergence of double (twin)-shot molding will fuel the global plating on plastics (POP) market growth. This type of molding is undertaken to manufacture medical devices, consumer electronics/lighting, door handles, key fobs, grills, vent plates, and cockpit designs, which involve plateable and non-plateable plastic resin. When conducted with proper etching and activation, this technique helps perform selective plating with no loss in yield. The molded device is made from double-shot molding, and each shot will have different plastics, and the etch solution etches only one of them. The benefits of this technique include low assembly costs and the creation of intricate designs. The assembly cost is low as two integrated resins are used for making one piece, and there is no post-plating assembly. This technique helps create 3D designs and colored and textured plastics. The above factors will increase the global plating on plastics (POP) market's growth during the forecast period.
Key Plating On Plastics (POP) Market Challenge
Plating on metals is less complex than plating on plastic, which is the major challenge to the global plating on plastics (POP) market's growth. POP is generally more expensive and requires multiple processing steps when compared to metal plating. The successful application of the surface finish to materials depends on the proper interaction between the galvanization processes and injection molding. Compared with plating on metals, plating on plastics involves multiple processes and is more complex and expensive. Achieving a uniform thickness on the substrate is a challenging process. The thickness tends to increase faster on the edges of the plastic substrate than on the rest of the surface. The POP process includes degreasing, hydrophilic coating of plastics, coursing, neutralization, pre-impregnation, activation, peptization, and final plating. The metal plating process includes rinsing, copper plating, semi-bright nickel plating, nickel plating, and drying. Metal plating is more cost-effective than POP. The neutralization, pre-impregnation, activation, and peptization processes are not required in metal plating. The additional steps, such as neutralization, help remove the excess etchant. Pre-activators activate the surface before plating, and peptization helps in the uniform adhesion of coatings.
This plating on plastics (POP) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global plating on plastics market as a part of the global diversified metals and mining market within the global materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the plating on plastics (POP) market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the plating on plastics (POP) market encompasses successful business strategies deployed by the key vendors. The plating on plastics (POP) market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The plating on plastics (POP) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the plating on plastics (POP) market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The value chain of the global materials market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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39% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the plating on plastics (POP) market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing use of acrylonitrile butadiene styrene (ABS) will facilitate the plating on plastics (POP) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, stringent lockdowns and social distancing norms imposed to contain the spread of COVID-19 severely disrupted several end-user industries, such as the construction and automotive industry in the region. India, China, Indonesia, and Bangladesh were some of the countries in APAC most affected by the pandemic. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period
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The plating on plastics (POP) market share growth by the automotive segment will be significant during the forecast period. The automotive industry uses plastics as substitutes for metals to reduce the overall weight of vehicles and thereby enhance fuel efficiency and lower emission levels. Plating on plastics is expected to increase as it improves the surface appearance and protects the surface from corrosion and chemicals. In the automotive sector, more than 26 automotive parts are plated, especially in high-end cars.
This report provides an accurate prediction of the contribution of all the segments to the growth of the plating on plastics (pop) market size and actionable market insights on the post-COVID-19 impact on each segment.
Plating On Plastics (POP) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.13% |
Market growth 2022-2026 |
$191.38 million |
Market structure |
Fragmented |
YoY growth (%) |
4.1 |
Regional analysis |
Europe, APAC, North America, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Covestro AG, Cybershield Inc., DuPont de Nemours Inc, Element Solutions Inc., Galva Decoparts Pvt. Ltd., Grauer and Weil India Ltd., Integran Technologies Inc, Koch Industries Inc., Leader Plating on Plastic Ltd, MPC Plating Inc, Phillips Plating Corp., Plasman Plastics Inc., SARREL, Sharretts Plating Co. Inc., The Carlyle Group Inc., Winning Group AS, Xin Point Holding Ltd., and Okuno Pharmaceutical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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