Plating on Plastics Market - Global Industry Report, 2030
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.
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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 & electri