September 18, 2020
According to the recent research report titled ‘North America Plating on Plastics (POP) Market Size By Finish, Plastic, Application, Regional Outlook, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, North America plating on plastics (POP) market is predicted to surpass a valuation of USD 200 million by the year 2026.
Increasing plastic utilization in electronics and automotive sector is likely to drive the growth of North America plating on plastics (POP) market. In addition, rapid expansion of consumer electronics sector is further contributing to the market growth.
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Notably, plastic plating is used for coating accessories and electric components. Nickel-chromium & chromium plating is used to improve the aesthetics of mobile phones and computer trims. It is also utilized for plating switches, buttons, control knobs on a wide range of electrical appliances and home electronics.
Nickel & copper are generally used for chrome plating domestic fittings and in OEMs applications. POP-based copper provides electrical conductivity and decorative coating. Chrome plated plastics offers various benefits including good surface finish, aesthetic appeal, and rust resistance. Surging demand for appealing fixtures for enhancing purposes is likely to foster the plating on plastics industry in North America.
Elaborating on plastics type, North America plating on plastics market from acrylonitrile-butadiene-styrene (ABS) segment is projected to amass USD 140 million by the year 2026. ABS have high adhesion between the coating and substrate and thus, it is widely used for plating on plastics applications.
ABS has a high impact resistance, and hence are used for various automobile applications. Apart from this, increasing customer trends for attractive automotive components is likely to augment the segment share.
Based on application spectrum, North America plating on plastics market from automotive segment is projected to record 6.5% growth by 2026, on account of surging demand for light weight plastics in order to offer better aesthetic appeal to the vehicle. Additionally, rising trend of adopting bright and shiny automotive components is positively affecting the overall market dynamics.
Major players in North America plating on plastics (POP) market are Atotech Group, ENS Technology, Okuno International Corporation, SRG Global Inc., MacDermid Inc., Coventya Group, Leader Plating on Plastics Ltd., Dow Chemical Company, Dixline Corporation, Cybershield Inc., MPC Plating Inc., Sharretts Plating Co. Inc., Phillips Plating Corporation, A-Brite Plating Co. and Artcraft Plating & Finishing Co. Inc. among others.