Growing at 7.5% CAGR, plating on plastics market growth is driven by increasing production of light weight automobiles with a change in focus towards fuel efficiency across the globe, says this new 2018 research available with Market Study Report.
Growing high-performance & lightweight plastics demand owing to design flexibility and increase in automobile efficiency is anticipated to drive plating on plastics market growth. High performance plastics & blends offers vehicle manufacturers flexibility to design numerous shapes and offer strength comparable to that of steel, which also supports in reducing vehicle weight and restraint pollution levels.
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Germany plating on plastics market from automotive is anticipated to exceed USD 65 million by 2024. Increasing demand for aesthetic appearance by OEMs to differentiate automobile design supported by properties including corrosion and wear resistance is likely to favor product demand. Presence of various regional service providers along with numerous high-end automobile manufacturers including BMW, Mercedes, Volkswagen, Renault, and Volvo will propel plating on plastics market.
China plating on plastics market from domestic fittings is observed to surpass USD 10 million in the estimated timeframe. Heavy grade plastics are extensively used for domestic fittings applications to ensure superior appearance. Growing trend for colored bathroom fixtures due to its appearance, hygiene, wear resistance and costs is likely to drive POP market growth.
Availability of skilled labor along with favorable government policies regarding FDI is likely to attract automobile manufacturers to set up production bases in Asia Pacific, which may propel regional industry growth. Increase in per-capita disposable income and population growth mainly in India & China is anticipated to drive regional plating on plastics market in projected timeframe.
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Plating on plastics market from ABS plastic type may observe significant gains up to 6.5% in projected timeframe. ABS is a copolymer that contains rubber, making it easy for etching and raw material adhesion, resulting in satisfactory plating output. This blend contains between 40% and 60% of ABS, with the rest consisting of PC. They offer higher strength along with other properties including ductility. They are used in high temperature performance areas including wheel covers and are projected to witness a strong growth potential. They are used electrical & electronics, where high thermal stability is required having wide application scope would further propel POP industry growth.
Technology innovation in polymer industry has resulted in metal substitution by plastics in end-use industries including automotive, aerospace, domestic appliances, and electronics. Plastics provide advantages like weight reduction, design flexibility, and fabrication ease. The chemical process development for surface preparation of ABS enabled good bonding characteristics between the metallic coating and plastic substrate was a major breakthrough leading to plating on plastics market growth.
Comprehensive Table of Contents, list of data tables, charts and figures provided in this Plating on Plastics market research for 2018-2024 is available at https://www.marketstudyreport.com/reports/plating-on-plastics-pop-market
Another study titled Global Plating on Plastics (POP) Market 2018-2022 Report is spread across 121 pages. Plating on plastics (POP) refers to electroplating plastic surfaces with metals such as nickel, chrome, electroless nickel, copper, gold, and silver. This process offers several functional and decorative benefits to finished products. It enhances the surface quality and offers flexibility, toughness, and lightness to the substrate. Analysts forecast the Global Plating on Plastics Market to grow at a CAGR of 7.11% during the period 2018-2022. Read more at https://www.marketstudyreport.com/reports/global-plating-on-plastics-pop-market-2018-2022
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