Press release
Plating on Plastics Market - Global Industry Report, 2030
Albnay, NY - Plating on Plastics Market: Introduction
In terms of value, the global plating on plastics market is anticipated to expand at a CAGR of ~7% from 2020 to 2030 and reach US$ 1.3 Bn by 2030. Europe dominated the global plating on plastics market in terms of volume in 2019. It is estimated to be the leading region of the global plating on plastics market during the forecast period. The automotive industry is projected to offer lucrative opportunities for the plating on plastics market in the near future.
Download PDF Brochure -https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12671
Plating on Plastics Market: Major Drivers and Restraints
The rise in demand for plastic in the automotive industry is expected to drive the global plating on plastics market during the forecast period. Plastics offer several structural and weight advantages over traditional metal automotive parts. They are used as raw materials to manufacture various structural, interior, exterior, and other automobile components. Furthermore, plating with metals, such as chrome and nickel provides enhanced esthetic appearance, corrosion resistance, and overall strength to products. Therefore, increase in usage of metal plating on various automotive components made of plastics is estimated to propel the global plating on plastics market during the forecast period. Lightweight plated plastic parts offer bright and shiny appearance to products. Nickel plating helps avoid water stains on plumbing fixtures in kitchens and bathrooms. It also provides hygienic benefits and better design possibilities. Thus, rise in luxurious and high quality plumbing fixtures is anticipated to boost the global plating on plastics market in the near future.
Several players have taken strategic initiatives, such as acquisitions, in order to expand their plating on plastics business, owing to high demand for plating on plastics in various automotive and electronics & electrical applications. This is also likely to boost the global plating on plastics market during the forecast period.
In October 2017, Cybershield Inc. completed the acquisition of Seleco Inc., a manufacturer of electroless copper and nickel plating on plastic. It includes the acquisition of the ‘Seleco Plating Process.’ The acquisition is expected to help the company expand its customer base in North America. Chrome, a key plating material used on plastics, is hazardous to human health, the ecosystem, and the environment. It is harmful to the respiratory system of humans. It can cause bronchitis, pneumonia, and other diseases upon prolonged exposure. The Occupational Safety and Health Administration developed and instituted a series of regulations regarding the use of hexavalent chromium at workplaces, due to various health issues related to it. Currently, companies that use chrome to plate plastics and other materials are required to adhere to stringent environmental guidelines to protect their workers. Thus, implementation of stringent environmental regulations on the usage of chrome is projected to hamper the plating on plastics market during the forecast period.
More Trending Reports by Transparency Market Research - https://www.prnewswire.com/news-releases/wall-putty-market-to-reach-a-valuation-of-us-6-5-bn-by-2027-emergence-of-new-players-to-toughen-the-competition-in-the-global-market-transparency-market-research-301012427.html
Plating on Plastics Market: Prominent Segments
Based on plating type, the chrome segment held major share of the global plating on plastics market in 2019. This trend is anticipated to continue during the forecast period, due to the relatively low cost filter media of chrome. In terms of base material, the ABS segment accounted for significant share of the global plating on plastics market in 2019. Based on application, the automotive segment constituted large share of more than 75% of the global plating on plastics market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the electrical & electronics segment is projected to expand at a rapid pace during the forecast period.
Request For the Customization - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12671
Competition Landscape
Key manufacturers operating in the global plating on plastics market include Atotech Limited, Xin Point Holdings Ltd., Phillips Plating, Bolta Werke GmbH, and Grauer & Weil (India) Limited.
Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=12671
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
In terms of value, the global plating on plastics market is anticipated to expand at a CAGR of ~7% from 2020 to 2030 and reach US$ 1.3 Bn by 2030. Europe dominated the global plating on plastics market in terms of volume in 2019. It is estimated to be the leading region of the global plating on plastics market during the forecast period. The automotive industry is projected to offer lucrative opportunities for the plating on plastics market in the near future.
Download PDF Brochure -https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12671
Plating on Plastics Market: Major Drivers and Restraints
The rise in demand for plastic in the automotive industry is expected to drive the global plating on plastics market during the forecast period. Plastics offer several structural and weight advantages over traditional metal automotive parts. They are used as raw materials to manufacture various structural, interior, exterior, and other automobile components. Furthermore, plating with metals, such as chrome and nickel provides enhanced esthetic appearance, corrosion resistance, and overall strength to products. Therefore, increase in usage of metal plating on various automotive components made of plastics is estimated to propel the global plating on plastics market during the forecast period. Lightweight plated plastic parts offer bright and shiny appearance to products. Nickel plating helps avoid water stains on plumbing fixtures in kitchens and bathrooms. It also provides hygienic benefits and better design possibilities. Thus, rise in luxurious and high quality plumbing fixtures is anticipated to boost the global plating on plastics market in the near future.
Several players have taken strategic initiatives, such as acquisitions, in order to expand their plating on plastics business, owing to high demand for plating on plastics in various automotive and electronics & electrical applications. This is also likely to boost the global plating on plastics market during the forecast period.
In October 2017, Cybershield Inc. completed the acquisition of Seleco Inc., a manufacturer of electroless copper and nickel plating on plastic. It includes the acquisition of the ‘Seleco Plating Process.’ The acquisition is expected to help the company expand its customer base in North America. Chrome, a key plating material used on plastics, is hazardous to human health, the ecosystem, and the environment. It is harmful to the respiratory system of humans. It can cause bronchitis, pneumonia, and other diseases upon prolonged exposure. The Occupational Safety and Health Administration developed and instituted a series of regulations regarding the use of hexavalent chromium at workplaces, due to various health issues related to it. Currently, companies that use chrome to plate plastics and other materials are required to adhere to stringent environmental guidelines to protect their workers. Thus, implementation of stringent environmental regulations on the usage of chrome is projected to hamper the plating on plastics market during the forecast period.
More Trending Reports by Transparency Market Research - https://www.prnewswire.com/news-releases/wall-putty-market-to-reach-a-valuation-of-us-6-5-bn-by-2027-emergence-of-new-players-to-toughen-the-competition-in-the-global-market-transparency-market-research-301012427.html
Plating on Plastics Market: Prominent Segments
Based on plating type, the chrome segment held major share of the global plating on plastics market in 2019. This trend is anticipated to continue during the forecast period, due to the relatively low cost filter media of chrome. In terms of base material, the ABS segment accounted for significant share of the global plating on plastics market in 2019. Based on application, the automotive segment constituted large share of more than 75% of the global plating on plastics market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the electrical & electronics segment is projected to expand at a rapid pace during the forecast period.
Request For the Customization - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12671
Competition Landscape
Key manufacturers operating in the global plating on plastics market include Atotech Limited, Xin Point Holdings Ltd., Phillips Plating, Bolta Werke GmbH, and Grauer & Weil (India) Limited.
Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=12671
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
