A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Plating
on Plastics
Market. The
study, titled “Plating
on Plastics Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Plating on Plastics Market: Overview
Plating
on plastics (POP) refers to the application of metal onto plastic
surfaces by electroplating. Plastics are plated with metals such as
chromium and nickel to give them the luster expected of metal
surfaces and enhance features such as corrosion resistance, abrasion
resistance, toughness, and ease of cleaning.
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Market Research Report @
The
use of plastics started increasing nearly five decades ago, owing to
their physical properties, namely toughness, flexibility, lightness,
excellent surface quality, and ease of producing complex parts out of
them. This led to the replacement of metals by plastics as the
material for construction in a number of applications. Plating on
plastics technology has provided a viable third way for
manufacturers, as metal plating introduces the benefits of metal
surfaces without compromising on the structural benefits of plastics.
As a result, plating on plastics technology is gaining attention from
several industries looking for wider uses of plastics in a variety of
applications such as medical devices and consumer goods.
This
report on the global plating on plastics market gives a detailed
overview of the historical growth and observed development trajectory
of the global POP market. The detailed document also gives a
forward-looking perspective of the market’s potential growth
prospects over the 2016-2024 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 plating on plastics market. Rising consumer awareness
regarding the environmental and performance benefits of lightweight
vehicles has led to the increased use of a variety of plastics and
metal-plastic polymers in the automotive industry, which is a key
driver for the global plating on plastics market.
The
automotive industry is thus the leading end user of the plating on
plastics technique. The sector employs plating on plastics across
verticals ranging from internal decorative elements to exterior
protective elements and accessories in basic as well as premium cars.
Apart
from the automotive industry, the consumer goods, food and beverages,
and cosmetics industries are the key consumers of plating on plastics
technology. The global POP market also earns a major share of its
revenue from its application in the plumbing sector. Owing to the
protection afforded by plating on plastics against water, they are
becoming the preferred material 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. This is likely to remain
a key driver for the global plating on plastics market in the coming
years, as the demand for plumbing from the residential as well as
commercial construction is likely to grow in the coming years.
Global
Plating on Plastic Market: Regional and Competitive 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 in
Central and Western Europe. The recent global economic depression,
which had an especially strong impact on a number of industries in
Europe, has also had a major impact on the region’s automotive
industry, which has impacted the POP market adversely. However,
steady recovery looks likely for the automotive industry in the
coming years, presenting major growth opportunities for the plating
on plastics 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, leading to increased prospects for the plating
on plastics market.
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The
global POP market features a large number of vendors operating in
intense competition. The highly fragmented competitive landscape has
prompted market players to invest more in research and the
development of more effective and reliable plating on plastic
technologies. Acquisition of specialty chemical manufacturers is a
popular trend among companies in the plating on plastic market. 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.
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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