USD 624.5 million
Plating on Plastics Market Size, Share, and Growth Analysis
Plating on Plastics Market By Plating (Chrome, Nickel), By Plastic (ABS, ABS/PC), By Application (Automotive, Building & Construction), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15Q2015 |
Region:
Global |
Published Date: January, 2025
Pages:
191
|Tables:
89
|Figures:
71
Format -
Plating on Plastics Market Insights
Global Plating on Plastics Market size was valued at USD 624.5 million in 2023 and is poised to grow from USD 670.09 million in 2024 to USD 1177.42 million by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
The application of plating on plastics improves the design of electrical or electronic goods and creates the impression of high-quality products. In addition, the increased customer preference for lightweight, energy-efficient, multi-functional electronic products facilitates the growing use of plating on plastics, thereby pushing the industry's growth forward. Furthermore, increasing efforts of POP manufacturers to produce novel and efficient goods are projected to offer the growth potential in industry.
In the automotive sector, plating plastics is the application of metallic coatings to plastic parts in order to improve their visual appeal and provide practical advantages. Functional applications for plated plastic components include corrosion prevention, which helps to prevent delamination and ensures long-term durability, and EMI shielding in electronic modules. The mounting concerns about soaring plastic usage and improper plastic waste management are exerting a detrimental influence on enterprises operating in the plating on plastics market. The petrochemical and plastic industries are adopting to advanced recycling methods; however, they are under pressure to stop plastic production. Governments are enacting stringent laws that limit the use of certain polymers, limiting the business growth. However, companies, are inclined towards a greener approach by transitioning to alternative materials such as bioplastics, which is anticipated to assist in combat this industrial restriction.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Chrome Plating
Fastest Growth
Nickel Products
Growth Rate
7.3% CAGR
Global Plating on Plastics Market ($ Bn)
Country Share for North America Region (%)
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Plating on Plastics Market Segments Analysis
Global Plating on Plastics Market is segmented by Plating, Plastic, Application and region. Based on Plating, the market is segmented into Chrome, Nickel, Copper and Others. Based on Plastic, the market is segmented into ABS, ABS/PC, PEI, PBT, LCP, PEEK, PP, Nylon/Polyamide and Others. Based on Application, the market is segmented into Automotive, Building & Construction, Utilities, Electronics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Plating
The chrome plating segment dominated the market and accounted for a share of 46.1% in 2024 attributed to the widespread use of chrome plating for enhancing plastic parts by giving them a high-quality, aesthetically pleasing finish that enhances the visual appeal of plastic components. In addition, it offers excellent corrosion resistance and durability, making it a preferred choice for applications requiring both functionality and aesthetics. The automotive industry, in particular, benefits from chrome plating due to its ability to provide a metallic finish to plastic parts, reducing the overall weight of vehicles while maintaining a premium look.
The nickel products segment is anticipated to grow at a CAGR of 6.7% from 2024 to 2031 owing to the increasing demand for nickel-plated plastic components in various industries such as electronics, automotive, and aerospace. Nickel is preferred for many uses as it enhances the corrosion resistance and wear of plastic parts. The electronics industry is driving the demand for nickel-plated plastics due to the need for reliable and long-lasting components in devices such as smartphones, tablets, and other consumer electronics. Nickel is used in POP for decorative finishes. Its shiny, lustrous appearance enhances the visual appeal of plastic components. This is particularly important in the automotive and consumer goods industries, where the appearance of plastic parts plays a key role in product design and consumer perception.
Analysis by Plastics
The acrylonitrile butadiene styrene (ABS) plastics segment accounted for 69.6% of market revenue in 2024 due to the widespread use of ABS plastics in various industries, including automotive, electronics, and consumer goods. ABS plastics are favored for their excellent mechanical properties, such as high impact resistance, toughness, and ease of processing. These characteristics make ABS an ideal substrate for plating, as it can withstand the rigors of the plating process while providing a smooth and durable surface for metal coatings. The automotive industry relies heavily on ABS plastics for components such as grilles, emblems, and interior trims, where both aesthetic appeal and functional performance are crucial. The electronics industry also benefits from using ABS plastics in housings and enclosures for devices, where a plated finish can enhance appearance and durability.
The acrylonitrile butadiene styrene/polycarbonate (ABS/PC) plastics segment is anticipated to experience the fastest growth from 2024 to 2030 attributed to the unique combination of properties offered by ABS/PC blends, which include the toughness and impact resistance of ABS with the high heat resistance and dimensional stability of polycarbonate. In the automotive sector, ABS/PC plastics are used in components such as exterior trims, mirror housings, and interior parts, where durability and aesthetic appeal are essential. The electronics industry also utilizes ABS/PC plastics for components that require high heat resistance and structural integrity, such as connectors and housings.
Global Plating on Plastics Market By Plating (%)
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Plating on Plastics Market Regional Insights
North America in the plating on plastics market for plating on plastics was identified as highly profitable in 2024. The growth of personal disposable income is anticipated to be a significant driver for the plating on plastics industry in North America in the coming years. Individuals with higher disposable income are likely to invest in electronic devices such as computers, tablets, and high-end products that incorporate advanced technologies. This trend may also lead to increased demand for customized cars in the region. The U.S. plating on plastics market dominated the market in 2024 due to the demand for lightweight materials in automotive applications, aesthetic appeal with functional benefits, stringent environmental regulations, consumer awareness, advancements in plating technology, and expanding applications across various industries.
Asia Pacific is expected to grow at a CAGR of 8.3% from 2024 to 2031. This growth is driven by the increasing electronics and automotive manufacturing sectors. The rapid development of industrial infrastructure is leading to the introduction of advanced technology, which will boost growth in this region soon. China plating on plastics market held a substantial market share in 2024 owing to growth in automotive production, expansion of the electronics sector, environmental regulations promoting sustainability, changing consumer preferences for aesthetics and quality, technological advancements in electroplating, and strong infrastructure development supporting manufacturing.
Global Plating on Plastics Market By Geography
- Largest
- Fastest
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Plating on Plastics Market Dynamics
Drivers
Shift Towards Eco Friendly Alternatives
- One of the primary drivers behind the shift towards eco-friendly alternatives in the market is the imperative to reduce the environmental footprint of the plating process. Traditional plating methods often involve the use of chemicals and materials with ecological ramifications. The adoption of eco-friendly alternatives aims to mitigate these environmental impacts, aligning the industry with global sustainability goals. Technological advancements have played a pivotal role in enabling the shift towards eco-friendly alternatives. The development of green plating technologies involves the use of environmentally benign processes, such as water-based or electrolyte-free plating solutions.
Rise in Electric Vehicle Production Creating Demand for Lightweight Plated Plastic Components
- The increase in electric vehicle (EV) manufacturing is driving up demand for lightweight materials, giving a considerable potential for the plating on plastics industry. There is a greater emphasis on reducing the weight of EV components, as the automobile industry transitions to electric mobility to address environmental issues and minimize reliance on traditional internal combustion engines. Plating on plastics helps address this need by providing a solution that blends lightweight qualities with aesthetic appeal. The use of lightweight materials in electric cars, which are developed with energy economy in mind, extends driving range and improves overall performance.
Restraints
Environmental Regulations
- The main challenge for the plating on plastics market is the use of chemicals and metals in the plating process. Many of these products, which are necessary to achieve the desired results, must be checked because of their potential environmental impact. Disposing of these chemicals is challenging, as regulations require responsible, environmentally friendly practices. In an era of developing circular economic principles, the industry is challenged to reduce waste generation.
Disruption of Supply Chains
- The plating on the plastics market is inherently global, with raw materials sourced from various sources and final products delivered to customers around the world. This network exposes the industry to vulnerabilities in the global supply chain, where problems in one part of the world can take over across the value chain. Geopolitical conflicts and trade disputes can disrupt raw materials and materials necessary for the smooth running of the coating.
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Plating on Plastics Market Competitive Landscape
Plating on plastics market is characterized by highly competitive presence with several key players vying for market share across industries such as automotive, electronics, consumer goods and industrial applications. Players such as Coventya and Sarel Group specialize in luxury coatings, especially in the automotive industry, while others in the U.S. specialize in luxury coatings. These companies invest heavily in research and development to improve the performance, durability and aesthetics of plastic products.
Top Players in Plating on Plastics Market
- Bolta Werke GmbH (Germany)
- Sharretts Plating Co., Inc. (USA)
- Grauer & Weil (India) Limited (India)
- Phillips Plating Corporation (USA)
- Xin Point Holdings Ltd. (China)
- Plamingo Ltd. (Israel)
- Precision Plating Pty Ltd (Australia)
- Astro Electroplating Inc. (Canada)
- MPC Plating Inc. (USA)
- Koch Industries Inc. (USA)
- Integran Technologies Inc. (Canada)
- DuPont de Nemours Inc. (USA)
- Cybershield Inc. (USA)
- Covestro AG (Germany)
- Plasman Plastics Inc. (Canada)
- Leader Plating on Plastic Ltd. (UK)
- Galva Decoparts Pvt. Ltd. (India)
- Element Solutions Inc. (USA)
Recent Developments
- In April 2024, SABIC and Cybershield announced a partnership to optimize the plating process for high-temperature ULTEM resins. SABIC leveraged its expertise in molding these products, while Cybershield provided its expertise in plating quality. This collaboration is expected to lead to greater adoption of ULTEM resins in aerospace applications requiring electromagnetic interference (EMI) shielding such as avionics control modules for commercial aircraft.
- In March 2023, the UK’s leading distributor of plastic packaging announced the acquisition of Leicester-based supplier Eagle Plastics, a manufacturer of plastic sheets for POP, POS, store products displays and specialized optical plastic applications.
- In July 2023, Atotech announced the launch of the Atotech CMA Closed-Loop System for alkaline zinc nickel plating. Certified by TÜV Rheinland, this technology enables virtually wastewater-free operations while minimizing waste generation and reducing carbon footprint. It is a closed-loop system that functions as an all-encompassing solution, covering every aspect of the alkaline zinc nickel plating process, including rinsing.
Plating on Plastics Key Market Trends
- Rapid technological Advancements: Rapid technological advancements in the industry are bolstering the market. Numerous developments in electroplating technology have been witnessed by industry regarding the overall quality of the final product. To increase corrosion resistance, double layer nickel systems with a bright nickel topcoat over a semi-bright underlying layer have been introduced. The launch of the micro discontinuous chromium system, which increases the deposits of nickel and chromium's resistance to corrosion during the metallization process, is another noteworthy breakthrough. This, in turn, is expanding the plating on global plastics market size.
- Increasing Product Demand in the Automotive Industry: The rising use of materials such as polyethylene terephthalate and thermoplastic polymer in manufacturing automotive parts is majorly bolstering the demand for plating on plastics in the industry. According to the International Organization of Motor Vehicle Manufacturers, the total production of the automotive worldwide during the second quarter of the year 2021 crossed 40 million units mark, an increase of 29% as compared to the production of the automotive during the second quarter of 2020. This will accelerate the production of automotive parts, thereby providing a boost to the global plating on plastics market share.
Plating on Plastics Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the increased demand for strong, lightweight alternatives in various industries, along with consumer recognition of the lightweight vehicles' performance and environmental advantages, has led to a higher requirement for plating on plastics, driving the market growth. Furthermore, increasing efforts of POP manufacturers to produce novel and efficient goods are projected to offer growth potential in the plating on plastics industry. Carbon fiber plating is mainly used in the electrical and electronics industry for lowering electric conductivity to a certain extent wherever required. It is also used in various electronic devices such as semiconductors, transmitters, etc. Moreover, numerous developments and advances in plating on plastics over the years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 624.5 million |
| Market size value in 2032 | USD 1177.42 million |
| Growth Rate | 7.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plating on Plastics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plating on Plastics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plating on Plastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plating on Plastics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plating on Plastics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plating on Plastics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Plating on Plastics Market Report Snapshots
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