The increasing demand for lightweight materials for automobiles, household fittings, and electronics electrical components manufacturing is driving the demand for the market.

The Global Europe Plating on Plastics Market is anticipated to reach USD 850.0 million by 2027, according to a new report by Reports and Data. The development of market growth has been driven by the increasing applications in the automotive and electronic industries. P.O.P. requires putting metal on a polymer substratum like chromium, nickel, among others. This is designed to provide the resin with practical and decorative advantages.

The plating capacity has an inverse relationship to the polymer substrate's chemical resistance, which means that the higher the chemical resistance, the harder it is to plate. Manufacturers also use A.B.S. for the plating. A.B.S. is predicted to be the biggest group of plastics and is expected to rise significantly over the projected period. Other-types of plastics include ABS / PC, PBT, PEEK, and others.

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Top Companies: Atotech, Phillips Plating Corporation, Galva Decoparts Pvt. Ltd., Precision Plating (Aust) Pty Ltd., Classic Chrome Plating Inc., Elix Polymers, Sharrets Plating Inc., MacDermid Incorporated, Leader Plating on Plastic Ltd, and P.O.P Plating on Plastic AB, among

Further Key Finding from the Report Suggestion:

• Global demand for P.O.P.s is projected to increase between 2019 and 2027. A.B.S. has emerged as the largest segment of plastics and is expected to produce high revenue by 2027.
• Global demand in the automotive sector is expected to be seeing substantial growth in the coming years. The U.S. automotive product market is expected to achieve high revenue by 2027.
• Due to its broad applicability in the automotive and electrical electronics applications, increased demand for plastics plating is anticipated to boost the global plastics market during the forecast period.
• In recent years, every major player in the industry has made heavy investments in RD programs, which have helped to create many innovative products. Big companies aim to broaden their product range through fusions with small and medium-sized firms. Over the coming years, there is also an intense rivalry between the clubs.
• Due to numerous developments across major economies, especially in the processed automotive electronics sector, the industry in Asia-Pacific is forecast to witness significant growth over the next decade. This area is projected to rise from 2019 till 2027 at a fast CAGR.
• In February 2018, Teijin Limited announced the launch of its newly produced petrol-resistant film made of PLANEXT bioplastic to replace chrome plating, which Honda Lock Mfg has created. Co., Ltd has now introduced smart-entry integrated door handles for non-conductive door handles.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Europe Plating on Plastics market is segmented into:

Plating Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Chrome
• Nickel
• Others

Plastic Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• ABS
• ABS/PC
• PEI
• PBT
• LCP
• PEEK
• PP
• Nylon/Polyamide

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Automotive
• Building Construction
• Utilities
• Electronics
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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