Plating on Plastics Market Size To Reach $1.01 Billion By 2030

December 2024 | Report Format: Electronic (PDF)

Plating on Plastics Market Growth & Trends

The global plating on plastics market size is expected to reach USD 1.01 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2024 to 2030. Rising applications in automotive and electronics industry has been a major factor driving the market growth. POP involves plating a metal such as chrome, nickel and others onto a polymer substrate. It is done in order to deliver functional and decorative benefits to the resin.

Plating ability has an inverse relation with the chemical resistance of the polymer substrate, which means higher the chemical resistance, the more difficult it is to plate. Thus, manufacturers prefer ABS for plating. ABS was estimated as the largest plastic category in 2023 and is expected to grow substantially over the forecast period. Other popular plastic types include ABS/PC, PBT, PEEK and others.

Applications in electronics are expected to register the fastest growth over the next eight years with an estimated CAGR of around 8.2% from 2024 to 2030. Added benefits of metal to the plastic substrate enhance the overall strength, aesthetic appearance and corrosion resistance of the product. The finished product is light weight and is ideal to be used in automotive, electronics and other end use industries. Increasing environmental concerns and need for cheaper light weight vehicles is posing higher demand for POP market. The application areas of POP are also expanding in utilities, medical devices and consumer goods owing to their wide benefits.

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Plating on Plastics Market Report Highlights

The global plating on plastics market size was valued at USD 614.5 million in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2030
The chrome plating segment dominated the market and accounted for a share of 46.1% in 2023 and The nickel product segment is anticipated to grow at a CAGR of 6.7% from 2024 to 2030
The Acrylonitrile Butadiene Styrene (ABS) plastics segment accounted for 69.6% of market revenue in 2023 and the acrylonitrile butadiene styrene/polycarbonate (ABS/PC) plastics segment is anticipated to experience the fastest growth from 2024 to 2030
The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies, especially in the processed automotive & electronics segment. This region is expected to grow at a CAGR of 8.3% from 2024 to 2030