Stratview Research has recently published a report on Plating on Plastics Market is Segmented by Finish Type (Copper, Nickel, Chromium, and Others), by Plastic Type (ABS, Polycarbonate, PC/ABS, PEI-Ultem, PET, PBT, LCB, PEEK, PP, Nylon, and Others), by Application Type (Automotive, Domestic Fittings, E&E, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Plating on Plastics Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis -
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Plating on Plastics Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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Segment-wise analysis
The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
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.
Market Insights
Plating on Plastics Market is likely to witness an impressive CAGR of 8.0% during the forecast period. 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.
Key Players in the Plating on Plastics Market:
The supply chain of this market comprises several nodes including raw material suppliers, seals manufacturers, tier players, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies. The following are the key players in the Plating on Plastics Market:
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Some of the major factors driving the growth of plating on plastics market are 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.