Europe Plating on Plastic Market -Forecast and Analysis (2020-2027)
Posted by jay on February 10th, 2021
Europe Plating on Plastic Market was valued at USD 183.86 Mn in 2019 and is expected to reach USD 322.53 Mn by 2027 at a CAGR of 7.28% over the forecast period 2020-2027.
Europe Plating on Plastic Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Europe Plating on Plastic Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Construction Additives Market Dynamics
Plating on plastics is a term used to illustrate the decorative or useful application of metal onto plastic substrates using the process of electroplating as on ABS. The European market is majorly driven by the automotive industry in the UK and Germany. Chrome finished automotive have attained considerable popularity in the United Kingdom, France, Germany, Spain, and Russia. The region is witnessing rising environmental regulations which has led to higher demand for lighter aerodynamic cars. Auto giants such as BMW, Volvo, Volkswagen, Daimler AG, and others are expected to drive the demand for the overall market over the forecast period.
However, rising stringency in the regulations pertaining to plating on plastic and stringent regulations set by the European Union on hexavalent chromium are restraining the market growth over the forecast period.
Europe Plating on Plastic Market is segmented by plating type, plastic type, and application. By plating type, the chrome plating market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 6.93% over the forecast period 2020-2027. The chrome plating of plating on plastics is depositing a coat of chromium to the plastics using electrodeposition process. The main principle of this process is to impart the physical and chemical properties of the chromium on the surface of the ABS plastic. In recent days chrome-plated ABS plastics are have been used in various areas because of its lightweight, corrosive resistant, desired bright, smooth, reflective surface finish, and many other properties that have been fulfilled by the replacement of the metal component. Chrome plating type is followed by Nickel plating. Nickel plating type segment was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 7.94% over the forecast period.
By plastic type, the ABS plastic type segment was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 6.82% over the forecast period. ABS is considered as the best electroplating plastic among them because of some other influencing factors like low coefficient of thermal expansion, erase modelling, and good aesthetics, high adhesion to substrate, etc.
By application, the automotive application was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of xx% over the forecast period. The automotive industry in Europe was the pioneer to implement nickel and chromium coating on plastic resins on a commercial level. Properties such as lower cost, weight reduction, and aesthetic designs enabled huge applications across the automotive industry. It is widely used in window trims, interior trim, mirror housings, auxiliary lamps, radiator grills, name badges and front, and rear lamps.
By geography, Europe Plating on Plastic Market is segmented into the United Kingdom, France, Germany, Russia, and the Rest of Europe. Among all these Germany dominating Europe plating on plastic market over the forecast period. Germany Plating on Plastic Market was valued at USD 52.31 Mn in 2019 and is expected to reach USD 85.41 Mn by 2027 at a CAGR of 6.32% over the forecast period. The advanced component and equipment capabilities, well developed automotive, electrical and electronics industry are driving the market growth. France Plating on Plastic Market was valued at USD 35.32 Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 7.44% over the forecast period. U. K. plating on plastic market is expected to reach USD xx Mn by 2027 at a CAGR of 8.45% over the forecast period.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patent to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Europe Plating on Plastic Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Europe Plating on Plastic Market dynamics, structure by analyzing the market segments and project Europe Plating on Plastic Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Europe Plating on Plastic Market make the report investor’s guide.
Europe plating on plastics market Segmentation by Plating Type
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About the Authorjay
Joined: December 15th, 2020
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