The global plating on plastics (POP) market is expected to generate US$ 771 million in revenue in 2023 and US$ 1.52 billion by the end of 2033. Through 2033, the market for plating on plastics is anticipated to grow at a high-value CAGR of 7%. By the end of 2033, demand for chrome-based plating is anticipated to grow at a CAGR of 6.9%, reaching a market value of US$ 480 million.
Plating on plastics gives structures and products a more fashionable appearance while reducing grinding. The expanding demand for high-quality and lightweight materials from a variety of industries, such as gadgets, the car industry, and domestic fittings, is anticipated to significantly contribute to the rise in POP prices. Its hallmark, which ensures metallic surfaces without modifying the composite’s structure, is credited with the rise in demand for plating on plastics. Technological developments in the electroplating sector are helping to raise the standard of the finished product.
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Market Players: –
- Atotech
- Dow Chemicals
- Leader Plating on Plastic Ltd.
- Philips Plating Corporation
- MPC Plating, Inc.
- Precision Plating (Aust) Pty Ltd.
- Sharretts Plating Company, Inc.
- O.P. Plating On Plastic AB
Key Statistics Supporting the Surge
- In 2023, the plating on plastics market is expected to be worth $771 million.
- By the end of 2033, the plating on plastics market is expected to be worth US$1.52 billion.
- During the projection period ending in 2033, the demand for POP is anticipated to grow at an impressive CAGR of 7%.
- Through 2033, it is expected that demand for nickel-based plating will increase at a substantial CAGR of 7.5%.
- In Canada, POP sales are expected to increase at a CAGR of 6.3%.
- Germany’s demand for POP is anticipated to grow at a CAGR of 4.5% through 2033.
Competitive Landscape
Some well-known plating providers for plastics are making investments to keep up with product requirements. One of the notable measures to increase revenue in the target industry is the strengthening of supply chain management systems. Key players use new product development to generate growth strategies for the following ten years.
For illustration:
Plastic components that have chrome plating and are used in the automobile industry are produced by SRG Global Inc. The business created a brand-new polymer in February 2019 for plating a variety of automotive components.
Industry Research
- By Plating :
- Chrome
- Nickel
- Others
- By Application :
- Automotive
- Electronics
- Building & Construction
- Utilities
- Others
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Key Questions Covered in the Plating on Plastics (POP) Market Report
- What will be the estimated size of the market in 2023?
- At what rate will the global Plating on Plastics (POP) sales grow until 2033?
- Which are the factors hampering the Plating on Plastics (POP) demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Plating on Plastics (POP) Market during the forecast period?
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Plating on Plastics (POP) Market
- The factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is the present competitive scenario of the global Plating on Plastics (POP) Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Plating on Plastics (POP) Market
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