Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "Global Plating on Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The recent comprehensive analysis of the global plating on plastics market highlights significant growth, prompted by the burgeoning automotive and electronics sectors. The research meticulously explores industry trends, market share, size, growth opportunities, and forecast from 2023-2028, reflecting the market's resilience and innovation-driven approach.
Influential drivers such as the adoption of plating on plastics (POP) to achieve enhanced aesthetic appeal, reduced weight, and corrosion resistance in automobiles, have propelled market valuation to approximately US$ 639.0 Million in 2022. With continued advancements and applications, expectations set a robust growth trajectory towards US$ 1,019.7 Million by 2028, with a CAGR of 8.10% over the forecast period.
Technological Innovations Serialize Growth across Industries
Plating on plastics integrates the luster and functionality of metal plating with the versatility and performance of plastics, hence its extensive use in diverse applications. The market report segments the POP market into various plastics such as ABS, ABS/PC, PEI, PBT, LCP, PEEK, and PP, with ABS leading the market owing to its favorable properties for electroplating. Chrome and nickel remain prominent plating types, with chrome dominating the market share.
Evolving Applications Transform Market Dynamics
The application of POP spans across multiple industries, including automotive, building and construction, utilities, and electronics, with automotive noted as the largest market share holder. Regionally, Europe emerges as a leader in the market, propelled by factors such as stringent environmental norms and burgeoning automotive industry. Meanwhile, the Asia-Pacific region is witnessing considerable growth, facilitated by rapid industrialization and technological innovation.
Market Expansion Underpinned by Rising Environmental Awareness
The competitive landscape of the global plating on plastics market is reflective of strategic collaborations, innovative solutions, and eco-friendly advancements. Industry leaders are pioneering a movement towards sustainable POP processes, eliminating the use of environmentally detrimental substances to align with global environmental standards and regulations.
Global Plating on Plastics Market: A Comprehensive Research Compilation
Detailed insights in the research publication encompass key market segmentation, with analytical coverage of global, regional, and country-level forecasts. Further examination reveals market dynamics, strategically highlighting the potential of the industry in the face of changing global trends and consumer preferences. With a focus on competitive benchmarking and insightful market segmentation, the report serves as an authoritative source for comprehensive market understanding.
The publication affirms the significance of plating on plastics in contemporary industrial applications, marking an essential read for stakeholders, investors, and decision-makers seeking a strategic edge in a competitive landscape. For those interested in further insights, the report provides an extensive analysis that underscores potential market trajectories.
The comprehensive analysis of the plating on plastics market equips industry professionals with the foresight needed to make informed decisions and leverage emerging opportunities within this dynamic market.
Key Topics Covered:
- Market Overview
- Impact of COVID-19
- Market Breakdown by Plastic Type
- ABS
- ABS/PC
- PEI
- PBT
- LCP
- PEEK
- PP
- Others
- Market Breakdown by Plating Type
- Chrome
- Nickel
- Others
- Market Breakdown by Application
- Automotive
- Building and Construction
- Utilities
- Electronics
- Others
- Regional Analysis
Key Attributes
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $639 Million |
| Forecasted Market Value (USD) by 2028 | $1019.7 Million |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
Companies Mentioned
- Artcraft Plating and Finishing Company Inc.
- Atotech
- Bolta Werke GmbH
- Cybershield Inc.
- DuPont de Nemours Inc.
- Galva Decoparts Pvt. Ltd.
- JCU Corporation
- Leader Plating on Plastic Ltd
- MacDermid Incorporated (Element Solutions Inc)
- MPC Plating Inc.
- Phillips Plating Corporation
- Precision Plating (Aust) Pty Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ie99z0
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