Published Date: 2020-02-24
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According to the Graphical Research new growth forecast report titled “North America Plating on Plastics Market Size By Finish, Plastic, Application, Regional Outlook, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026”, may exceed USD 200 million by 2026. Growing plastic utilization in automotive and electronics sector will have a positive impact on North America plating on plastics market growth. POP is often executed in electronics products to offer aesthetic and decorative properties. U.S. consumer electronics goods market is anticipated to grow over USD 390 Billion by 2025. These factors will foster industry growth.
Plastic plating is utilized for coating electronic components and accessories. Nickel and nickel-chromium plating is utilized to enhance the appearance of computer trims and mobile phones. It is also used for plating control knobs, buttons, and switches on a wide range of home electronics and electrical appliances. Canada consumer electronics market is anticipated to grow over 3% by the end of 2025. This will foster North America plating on plastics market in the region.
North America plating on plastics market size for ABS should exceed USD 140 million by 2026. ABS is widely used for plating on plastics application owing to good adhesion between the substrate and coating. ABS is a copolymer which comprises of rubber, which makes it suitable for raw material adhesion and etching, resulting in desirable plating output. The product owing to high impact resistance is used for automobile applications. Rising consumer trends for appealing automotive components will stimulate industry growth.
Nickel and copper are generally utilized for chrome plating domestic fittings & OEMs applications. Plating on plastics using copper offers decorative coating and electrical conductivity. Chrome plated plastics provides several advantages which includes rust resistance, aesthetic appeal, and good surface finish. Rising demand of appealing domestic fixtures for beautifying purposes will escalate industry growth.
North America plating on plastics market for automobile application is anticipated to grow over 6.5% by the end of 2026. The technique is used in the automotive sector to plate trims, grills, logos, and interior components to provide a luxurious look to the cars. Rising demand of light weight plastics which can be plated to provide a luxurious appearance will enhance automotive plating on plastics (POP) industry size. Increasing trend among people for shiny and bright automotive components will have a positive impact on industry growth.
North America plating on plastics market is fragmented with key players including Artcraft Plating & Finishing, Cybershield , Dixline Corporation, Dow Chemical Company, Leader Plating on Plastics Ltd., MacDermid Inc., and Enthone. Market players are investing in R&D activities, capacity expansion, mergers & acquisitions, partnerships & collaborations to expand their product portfolios and regional presence. For example, In October 2017, Cybershield executed an agreement in order to acquire Seleco, Inc. which includes the acquisition of the company’s plating process. This helped Cybershield to increase its customer base and product offerings in the region.
North America Plating on Plastics Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2019 to 2026, for the following segments:
North America Plating on Plastics Market Share, By Finish
North America Plating on Plastics Market Size, By Plastic
North America Plating on Plastics Market Trends, By Application
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