Plating on Plastics Industry - Regional Synopsis
North American Market Forecast
Plating on plastics market in North America industry is poised to dominate majority revenue share of 40% by 2037 impelled by the rising personal disposable income. Consumers with more discretionary money are more likely to buy electronic gadgets, including tablet computers, and premium product offerings with cutting-edge technologies. This may also increase the demand for vehicles, and increase focus on vehicle customization in the region. For instance, the United States' disposable personal income rose by over 0.2% in December 2023, and this figure is expected to reach USD 25 trillion in 2029.
In addition, one of the most significant markets for aerospace is the US, which is well-positioned for long-term expansion. In terms of sales value, the United States plating on plastics market led the world in aerospace exports with over USD 85 billion in aerospace exports in 2021. This may drive the market growth in the region.
European Market Statistics
Europe plating on plastics market is estimated to be the second largest, during the forecast timeframe led by the growing emphasis on sustainability. Europe is investing more in sustainability to meet investor pressure, consumer demand, legal obligations, and business strategy. By implementing a series of policy measures known as the European Green Deal, the European Union hopes to put the continent on a green transition path to make Europe sustainable by 2030, and ultimately achieve carbon neutrality by 2050.
