Global Plating on Plastics Market Size To Exceed USd 1389.62 Million By 2033: Industry Report

Global Plating on Plastics Market Size To Exceed USd 1389.62 Million By 2033                 

According to a research report published by Spherical Insights & Consulting, The Global Plating on Plastics Market Size is Expected to Grow from USD 735.72 Million in 2023 to USD 1389.62 Million by 2033, at a CAGR of 6.57% during the forecast period 2023-2033. 

Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Plating on Plastics Market Size, Share, and COVID-19 Impact Analysis, By Plating (Acrylonitrile Butadiene Styrene, Chrome, Nickel, and Others), By Application (Automotive, Building & Construction, Utilities, and Electronics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The plating on plastics market is the market for the technique of electroplating or other means of adding a metallic coating (plating) on plastic surfaces. The demand for plastic products with improved functionality, durability, and aesthetics in the automotive, consumer electronics, and other industries is driving this industry. To enable metal deposition, the plating procedure entails forming a conductive layer on the plastic surface. The process of plating involves applying a thin coating of metal, such as nickel or chrome, to a plastic surface. This is done to improve the plastic's electrical conductivity, durability, and/or attractiveness. Furthermore, the market for plating on plastics (POP) is expanding as a result of rising demand for components that are strong, lightweight, and visually beautiful, particularly in the consumer goods, electronics, and automotive sectors. This is because these provide eco-friendlier options, and plating technology advancements, including those that allow for chrome-free and low-emission processes, are also propelling market growth. However, achieving homogeneous adhesion between the metal coating and the plastic substrate, plating procedures, and waste are some of the difficulties facing the plating on plastics (POP) market.

The acrylonitrile butadiene styrene segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the plating, the global plating on plastics market is divided into acrylonitrile butadiene styrene, chrome, nickel, and others. Among these, the acrylonitrile butadiene styrene segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because ABS polymers are widely used in a variety of industries, including consumer goods, electronics, and the automotive sector. ABS polymers are preferred because of their superior mechanical qualities, which include high toughness, impact resistance, and processing simplicity. 

The automotive segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the global plating on plastics market is divided into automotive, building & construction, utilities, and electronics. Among these, the automotive segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Plating plastics are used to give plastic parts metallic coatings to improve their look and provide practical advantages. This approach has gained popularity because it can adhere to strict restrictions. 

North America is anticipated to hold the highest share of the global plating on plastics market over the projected period.

North America is anticipated to hold the highest share of the global plating on plastics market over the projected period. In the upcoming years, the North American plating on plastics market is expected to be significantly influenced by the rise in consumer discretionary income. High-end products with cutting-edge technologies and electronic gadgets like computers and tablets are likely to be purchased by people with more disposable income. 

Europe is estimated to grow at the fastest CAGR of the global plating on plastics market during the forecast period. The region's market dynamics are being improved by the presence of modern industrial infrastructure and a significant emphasis on sustainable practices. The adoption of plating on plastics as a sustainable alternative to conventional metal plating is being pushed by strict environmental restrictions.

Company Profiling

Major vendors in the global plating on plastics market are MKS, Atotech, Galva Decoparts Pvt. Ltd., Phillips Plating Corporation, Precision Plating (Aust) Pty Ltd., MPC Plating Inc., Quality Plated Products Ltd, Sharrets Plating Inc., Element Solutions Inc., Leader Plating on Plastic Ltd., JCU CORPORATION, Dymax, Cybershield, Inc., ENS Technology, DuPont, and Inc., and Others. 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global plating on plastics market based on the below-mentioned segments: 

Global Plating on Plastics Market, By Plating 

• Acrylonitrile Butadiene Styrene
• Chrome
• Nickel
• Others

Global Plating on Plastics Market, By Application

• Automotive
• Building & Construction
• Utilities
• Electronics

Global Plating on Plastics Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa