Menu
FreeMe’s project ultimate goal is to increase the safety and sustainability of plating on plastics process. The results that will be generated within the project will be valuable assets in the target market of plating on plastics. A research study by Global Market Insights Inc. was published at the end of 2022, providing insights into the market landscape.
In 2022, the global PoP market size exceed the €564 million, growing with a compound annual grow rate (CAGR) of 7% during the forecast period from 2023 to 2032, estimated to reach more than €1.13 billion by 2032. Specifically in Europe, the market size is estimated to value more than €455.85 million by 2032. The market is mainly driven by the high demand for electronics from many sectors, including the automotive and aerospace, as well as the rising demand for lightweight vehicle components in the automotive sector. The strict environmental concerns associated with specific chemicals used in the process and the use of plastics is considered as a restriction factor. However, alternative materials, such as bioplastics and REACH compliant chemicals, can substitute the compounds of concern, providing safer and more sustainable options for market growth.
The FreeMe project proposes two safe and sustainable by design approaches to eliminate the use of hexavalent chromium and palladium from the plating on plastics process, based on REACH compliant chemicals. What is more, biobased polymers will be examined as plastic substrates, contributing to the green transition of the PoP market.
Reference: https://www.gminsights.com/industry-analysis/plating-on-plastics-pop-market
