Rockville, March 16, 2023 (GLOBE NEWSWIRE) -- The global plating on plastics (POP) market is anticipated to reach a value of US$ 1.52 billion by the end of 2033. According to Fact.MR, a provider of market research and competitive intelligence, global demand for POP is forecasted to increase at a noteworthy CAGR of 7% from 2023 to 2033.

Plating technology is widely used for electroplating metallic surfaces without bringing any changes to the lightweight structure of the product. Plating on plastics (POP) offers excellent surface quality and decorative benefits to finished products. Increasing consumer awareness related to performance efficiency and environmental benefits, including reduced CO2 emissions of lightweight vehicles, is expected to generate noteworthy demand for plating on plastics (POP) over the coming years.

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POP refers to electroplating the surface of plastics with metals such as chrome, nickel, copper, electroless nickel, gold, cobalt phosphorous, silver, and others. The procedure ensures excellent surface quality with additional benefits, including toughness, flexibility, and lightness to the substrate. The plating process is also used to enhance the aesthetic appearance of the final material. The plating process improves the abrasion and corrosion resistance of the plastic substrate and strengthens it. The coating process increases resistance against specific chemical sets, which are used in the manufacturing process.

Three major steps are included in the manufacturing process; molding, preplating, and electroplating. In the molding procedure, different parts are changed into the desired component. In the second step, an electroless bath is given to molded part. In the final step, an additional metal is plated onto the product surface.

Electroplating technology is undergoing noticeable advancements, which can lead to an overall improvement in the quality of the final outcome of various products. Double-layer nickel systems, which comprise a semi-bright underneath layer along with a top coat of bright nickel were developed to enhance the ability of corrosion resistance. Another noticeable advancement in the industry includes the evolution of a micro discontinuous chromium system. This newly developed system can improve the corrosion resistance of chromium and nickel deposits during the process of metallization.

Key Takeaways from Market Study

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Competitive Landscape

Some prominent suppliers of plating on plastics are investing to maintain product standards. Strengthening supply chain management systems is one of the noteworthy initiatives to generate revenue in the target industry.

New product development is adopted by key players to create growth strategies for the next 10 years.

For instance:

SRG Global Inc. is a manufacturer of plastic parts, which are chrome-plated and are used in the automotive industry. In February 2019, the company manufactured a novel polymer for the plating of numerous automobile parts.

Key Market Players

Segmentation of Plating on Plastics Industry Research

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global plating on plastics (POP) market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on plating type (chrome, nickel, others) and application (automotive, utilities, electronics, building & construction, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Plating on Plastics (POP) Market Report

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