What is the future of Plating on Plastics Market? Know Covid Impact on
Size, Share & Forecasts

Mar
09,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden
outbreak of the COVID-19 virus have brought many major and minor tremors to
industries of all sizes including the Plating
on Plastics Market.

It was estimated prior to this unanticipated
outbreak that the Plating on Plastics Market was expected to grow at a CAGR of
8.0% during the forecast period. However, the gradual slowing down of
industries will undoubtedly impose limits on the previously estimated growth
rate.

The major factors such as increase in product
demand from various applications and growing demand for high performance &
lightweight features in industries including automotive, electronics &
electrical components, and domestic fittings, and economic benefits attained on
producing components for these industries are expected to fuel the growth of
the market during the forecast period.

Plating on plastic is considered
as an effective means to protect a substrate against the corrosion forces and
make it more damage resistant from chemicals used in the manufacturing process.
For instance, plating on plastic is capable of increasing the strength and wear
resistance of the substrate.

This report studies the market
covering a period of 12 years of trend and forecast. The report provides
detailed insights into the market dynamics to enable informed business decision
making and growth strategy formulation based on the opportunities present in
the market.

Based on the plastic type, the
plating on plastics market is segmented as ABS, polycarbonate, PC/ABS,
PEI-Ultem, PET, PBT, LCB, PEEK, PP, nylon, and others. ABS is highly considered
for chrome plated plastics. The growth of the segment is attributed to its easy
engraving and adhesive feature of key raw materials including copper, nickel,
and chromic acid. Further, ABS is an amorphous blend of acrylonitrile, styrene,
and butadiene, and is of low cost as compared to other plastic types and also,
easy to metalize. ABS resins are mainly used to mold parts which require close
dimensions offering high impact resistance, metal plating, and outstanding
finishing of surfaces. The product offers good dimensional stability, low
weight, good toughness & rigidity, low creep and acid & alkalis
resistive features fueling the market growth during the forecast period.

Based on the application type,
the plating on plastics market is segmented as automotive, domestic fittings,
E&E, and others. Factors such as growing sales of automotive, which is
positively influencing the demand for plating on plastics as it helps in
improving the aesthetic appeal of the vehicle and is attracting mass consumers,
accompanied by growth in lightweight plastics demand for an increased
efficiency of fuel, and increasing emergence for decreasing automotive weight
to lower the consumption of fuel are expected to fast-track the growth of the
market during the forecast period.

In terms of regions, North
America is estimated to account for the largest share of the market during
the forecast period. The growth is attributed to the emergence of latest
technologies including IoT solutions, robotics and virtual reality in consumer
electronic products manufacturing for achieving efficient and less expensive
production in the regional consumer electronics market during the forecast
period. In addition, presence of some of the key players of consumer
electronics manufacturers in the region is also expected to fuel the market
growth in the upcoming years. Europe and Asia-Pacific are also expected to
offer substantial growth opportunities during the forecast period. 

Key Players:

Some of the major
players in the plating on plastics market are-

• Artcraft Plating and Finishing Company Inc.


• Atotech India Limited


• Bolta Werke GmbH


• C. Uyemura & Co. Ltd.


• COVENTYA Group


• Cybershield, Inc.


• Dixline Corporation


• Dow Chemical International


• Enthone


• Galva Decoparts


• Grohe AG