Registering a CAGR of 3.25% over the forecast period, the market value of Global Electroless Plating is expected to reach US$ 16,000.70 million in the year 2027.
Electroless plating is a technique for autocatalytic reaction plating that involves several simultaneous reactions in an aqueous solution. It does not require the passage of electric current through the solution to form a deposit, as the name implies.Because of its superior, performance-enhancing, and corrosion-resistant properties, electroless plating has largely addressed the problem of corrosion. Because of the low cost and dependability of the equipment, electroless plating is being considered for an increasing number of applications, greatly increasing its business value.There are numerous international, regional, and local vendors in the global electroless plating market. Market competition is expected to increase at a faster rate in the future as technological innovation and merger and acquisition deals increase. New vendors are finding it difficult to compete with international vendors of technology based on the quality, reliability, and innovations they provide. Companies that provide electroless plating services can use smart control systems to regulate the plating and processing cycles, lowering emissions and saving energy during idle times.many consumer goods are coated by this method to create durable and attractive surfaces. The most common electroless plating method is electroless nickel plating, although silver, gold and copper layers can also be applied using this technique. Electroless plating is also usually known as chemical plating or auto-catalytic plating.
Schweitzer Engineering Laboratories and Atotech have announced a business partnership.
04. May 2022-- Atotech, a market leader in advanced electroplating solutions and a leading specialty chemicals technology company, and Schweitzer Engineering Laboratories ("SEL"), an industry leader in the design and manufacture of digital products and systems that protect, control, and automate electric power systems, announced a collaboration at SEL's state-of-the-art manufacturing facility under construction in Idaho, USA.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The automotive industry is one of the most significant users of this market, accounting for approximately 26.7 %. With a 19.4 % revenue share, the oil and chemical industry is the market's second-largest end-user base. The electronics industry ranks third, accounting for approximately 14.4 %. The aerospace and machinery industries, as well as others such as medical care appliances and consumer products, account for nearly 35.5 % of revenue.
In North America and Western Europe, this market has reached maturity. In North America, there are approximately 1,000 electroless nickel (EN) plating facilities. Approximately 66.67 % are job shops, with the remaining 33.33 % being captive facilities of manufacturing plants. The Asia Pacific region is considered an emerging market because the automotive manufacturing industry is expected to grow. China, India, Indonesia, and Thailand are major revenue contributors to the Asia Pacific automotive industry.
The Global Electroless Plating Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Global Electroless Plating Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.25% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | MacDermid, Atotech, Aalberts Surface Treatment, UYEMURA, Collini, Japan Kanigen, Okuno chemical industries, Coventya, TANAKA(EEJA), Q & M Enterprises, Argos SpA, Thermocompact, KC Jones Plating Company, Micron srl, PacTech, Ensoo, GS Chemistry, Shenzhen Success, Advanced Surface Technologies, NiTEC, HLHC |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 127 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Global Electroless Plating Market is studied from 2017 - 2027.
What is the growth rate of the Global Electroless Plating Market?
The Global Electroless Plating Market is growing at a CAGR of 3.25% over the next 5 years.
What regions does this Global Electroless Plating Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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