Report Code: A09474 | Pages: NA | Mar 2023 | 2117 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electroless Plating Market
Request Now !The global electroless plating market is experiencing a significant growth and is expected to grow considerably in the next few years. Electroless plating is a technique of plating metals by chemical rather than electrical means, wherein a piece to be plated is immersed in a reducing agent that when catalyzed by certain materials, changes metal ions to metal that forms a deposit on the piece. A key expansion of electroless plating has introduced in the area of plastics as in the plating of printed electronic circuits. Several consumer goods are coated by this method to create durable and attractive surfaces. The most common electroless plating technique is electroless nickel plating, although silver, gold and copper layers can also be applied using this technique. Electroless plating is also commonly known as chemical plating or auto-catalytic plating.
The global electroless plating market is segmented on the basis of Type, Industry Vertical, and Region. Based on Type, the electroless plating market is divided into Lоw-Рhоѕрhоruѕ Еlесtrоlеѕѕ Nісkеl, Меdіum-Рhоѕрhоruѕ Еlесtrоlеѕѕ Nісkеl, Ніgh-Рhоѕрhоruѕ Еlесtrоlеѕѕ Nісkеl, Еlесtrоlеѕѕ Сорреr, and Еlесtrоlеѕѕ Соmроѕіtеѕ, and others. On the basis of Industry Vertical, the market is categorized into Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare, and Others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global electroless plating market include Shanghai Xinyang Semiconductor Materials, MacDermid Incorporated, KC Jones Plating Company, Atotech, Bales, Coventya, okuno chemical industries, C.Uyemura & Co., Ltd, ARC Technologies, INCERTEC, Sharretts Plating, Erie Plating, Tawas Plating, Japan Kanigen. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
COVID-19 scenario Analysis:
Rise in need for circuit miniaturization and micro electric devices has increased the demand for electroless plating against traditional plating, owing to better shielding properties and cost-effectiveness of electroless plating, which drives the global electroless plating market growth. Though, lethargic growth of the semiconductor industry and fluctuating raw material prices restrain the market growth. On the other hand, rise in demand for electroless plating from healthcare and aerospace verticals generate new opportunities for the electroless plating market size.
On the basis of type, the nickel segment is estimated to hold more than half of the total share of the global electroless plating industry. This is attributed to properties of electroless nickel plating for chemical purity, water resistance, corrosion resistance ductility, and chemical hardness, which is useful for protection of automotive and aerospace components. This is attributed to the benefits of electroless composites plating for thermal advantages, tensile strength, electrical conductivity, durability, hardness, and conductivity, making it a suitable component for use in electronic components.
Key segments covered:
Segments | Subsegments |
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Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Industry Vertical, and Region |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
Companies covered | Major players analyzed include Shanghai Xinyang Semiconductor Materials, MacDermid Incorporated, KC Jones Plating Company, Atotech, Bales, Coventya, okuno chemical industries, C.Uyemura & Co., Ltd, ARC Technologies, INCERTEC, Sharretts Plating, Erie Plating, Tawas Plating, Japan Kanigen. |
Questions answered in the Electroless Plating Market research report:
Electroless Plating Market Report Highlights
Aspects | Details |
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By Industry Vertical |
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Key Market Players | Shanghai Xinyang Semiconductor Materials, MacDermid Incorporated, KC Jones Plating Company, Atotech, Bales, Coventya, okuno chemical industries, C.Uyemura & Co., Ltd, ARC Technologies, INCERTEC |
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