Delaware, April 11, 2016 (GLOBE NEWSWIRE) -- Plating on Plastics (POP) Market Size is forecast to generate revenues worth USD 649.4 Million by 2023. Plated plastics market size expects significant growth up to 2023 owing to strong focus by automobile manufacturers for imparting aesthetic appearance to vehicle design apart from performance specifications. OEMs offer almost similar segment vehicle performance and seek to benefit from product differentiation offered from chrome plated plastics demand.
Chrome plated ABS plastic was the most commonly used and accounted for over 75% of the total demand in 2015. Ease in etching and quick adhesion with other substrates coupled with low cost in comparison to other polymers makes ABS usage predominant in plating on plastics demand.
PC/ABS chrome plating is preferred in high temperature automotive applications such as wheel covers and is forecast to achieve highest gains at 7% up to 2023. PC/ABS plating contains anywhere between 40% & 60% ABS with rest accounted by PC.
Norms regularized to eliminated hexavalent chromium usage owing to environmental hazards is set to challenge industry growth. 21st September, 2017 is the sunset date from REACH in the EU for POP industry to stop using hexavalent chromium. Sharper angles & holes resulting from complexity in polymer design may cause non uniform plating deposits on substrates, which may also contribute to hamper growth.
POP chemistry providers such as Dow Electronic Chemicals and Enthone have developed technologies to eliminate hexavalent chromium usage and comply with REACH guidelines.
Key Insights from the Report Include:
- Global plating on plastics market size was 85.9 Million square meters in 2015 and forecast to attain gains at 6.5% and reach 141.6 Million square meters by 2023.
- Automotive applications have dominated POP market share and accounted for 79.9% of the total demand in 2015. Addition of new automobile variants every year along with reduction in vehicle weight for fuel efficiency is expected key industry trend boosting POP demand.
- Europe, led by Germany and UK plating on plastics demand, was dominant regional industry and comprised of over 36% of the total demand in 2015. Germany chrome plated ABS plastics market size was worth over USD 32 Million in 2015.
- APAC, majorly driven by China plastic electroplating market size, is forecast to attain highest gains at 7.2% up to 2023. China automotive applications should attain growth rates at 7.9% and register close to USD 115 Million by 2023.
- Global plating on plastics market share is competition intensive and quite fragmented. Vehicle manufacture rely on plated plastics market participants to comply with prescribed OEM specifications and follow stringent quality control norms.
- Plated plastics market consists of process & chemistry suppliers along with plating companies. Bolta Werke, Sarrel Group, SRG Global and Xinpoint are notable plating on plastic companies.
Global Market Insights has segmented the plating on plastics industry on the basis polymer, finish, application and region:
POP Finish Type Analysis (Volume, Million Square meters; Revenue, USD Million, 2012 - 2023)
- Chrome finish (copper, nickel & chromium)
- Others
POP Plastic Type Analysis (Volume, Million Square meters; Revenue, USD Million, 2012 - 2023)
11-Apr-16 
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