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According to the latest report by IMARC Group “Plating on Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global plating on plastics market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Plating on plastics (POP) refers to the procedure of electroplating non-conductive plastic surfaces with different metals to make them electrically conductive. The commonly plated metals include chrome, cobalt phosphorus, nickel, copper, silver, and gold. These materials exhibit versatility, easy machinability, and strong surface finishes. POP employs two methods, namely autocatalytic and electroless plating effects. It involves molding, pre-plating, cleaning, etching, conditioning, neutralizing, activating, and bath immersion of metal ions. POP is primarily utilized across the automotive, plumbing, and electronics industries to provide corrosion and wear protection and improve the aesthetic value of a product.
The escalating demand for lightweight and high-performance materials across the automotive sector to manufacture interior trims, windows, and mirror housings are mainly driving the global POP market growth. Apart from this, manufacturers are adopting environment-friendly POP processes, like multi-molded and two-shot parts methods to comply with the stringent regulatory framework and offer optimum workplace safety, which is fueling the market growth. Additionally, rapid technological advancements, such as the employment of double-layer nickel and micro discontinuous chromium systems, are creating a positive outlook for the market.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of Product Type, End-User and Region.
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