- Low Phosphorus Electroless Nickel
- Medium Phosphorus Electroless Nickel
- High Phosphorus Electroless Nickel
Electroless Plating Market was valued at USD 1,360 million in 2023 and is projected to grow at a CAGR of 4.01 % during 2024-2030. Electroless plating is a technique for depositing metal onto surfaces using chemical processes rather than electrical means. This procedure involves immersing an object to be plated in a reducing chemical.
When materials catalyse the reducing agent, metal ions are converted into a metallic deposit on the surface. This process, also known as chemical plating or auto-catalytic plating, is very useful for coating plastics, such as printed electronic circuits. While electroless nickel plating is the most typical application, this technique can also be used to add layers of silver, gold, and copper. Several factors contribute to the global demand for electroless plating. Advances in plating technology, such as the creation of high- and low-phosphorus nickel solutions, improve important qualities like as corrosion resistance and electrical conductivity.
These enhancements are especially useful to industries like electronics and automotive, where durability and performance are critical. Furthermore, the increased emphasis on high-quality, dependable coatings to match the stringent demands of these industries drives demand.
Electroless Plating Market Key Developments:
- On Jun 07, 2024, MacDermid Alpha Electronics Solutions, a leading supplier of integrated materials and chemistries to the electronics industry, is proud to assist Meiko Electronics Co., Ltd. with the first installation of carbon-based direct metallization technology for rigid PCB applications in Japan. The installation will make use of MacDermid Alpha's Blackhole direct metallization chemistry, which is a reliable alternative to traditional electroless copper processing. Blackhole offers lower operating costs, increased efficiency, and significant environmental benefits.
Electroless Plating Market Summary
Study Period
2024-2030Base Year
2023CAGR
4.01 %Largest Market
Asia PacificFastest Growing Market
Asia PacificElectroless Plating Market Dynamics
The growing demand for circuit reduction in size and microelectronic devices has increased the use of electroless plating over traditional approaches. This is due to electroless plating's outstanding shielding capabilities and cost effectiveness, which are major drivers of global market growth. Nonetheless, limitations such as the semiconductor industry's slow expansion and variable raw material prices limit market growth. On the other hand, the increasing use of electroless plating in the healthcare and aerospace industries is creating new prospects for market growth. Electroless plating's ability to improve the endurance and performance of components in these essential industries is gaining popularity.
Furthermore, recent advances in 3D printing, or additive manufacturing, are creating new opportunities for electroless plating. Electroless plating can increase the electrical conductivity, corrosion resistance, and overall quality of 3D printed components, allowing them to be used in more industries. Exploring the integration of electroless plating with additive manufacturing techniques could provide significant insights into the developing technology's potential benefits and limitations, potentially leading to novel applications and improvements in production procedures.
Asia-Pacific Got Significant Share
Electroless Plating Market Regional Analysis
Based on Region, the Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa in which, the Asia Pacific has the largest Electroless Plating Market in Globally, accounting for 37.3% of the Electroless Plating Market in 2023 at a CAGR of 4.66 %. The Asia-Pacific Electroless Plating market is expanding rapidly, owing to continued technical breakthroughs and increased acceptance of new products across a variety of industries. The continual development of cutting-edge technologies that improve product efficiency and functionality is projected to play a critical role in the market's growth.
Several significant variables influence the Asia-Pacific market's growth trajectory. There is an increasing emphasis on sustainability and eco-friendly products, driving businesses to adopt green manufacturing techniques and provide ecologically responsible solutions. Furthermore, rising customer desire for personalized and configurable products is influencing market dynamics as businesses seek to satisfy individual consumer preferences. These factors are expected to fuel significant expansion in the Asia-Pacific Electroless Plating market throughout the projected period.
Latin America
Europe
Asia Pacific
Middle East
North America
Electroless Plating Market Segmentation
By Product
By End User
- Chemical Industry
- Aerospace & Defence
- Military
- Oil & Gas
- Energy & Power
- Automotive
- Electrical & Electronics
- Healthcare
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
The Global Electroless Plating Market was valued at USD 1,360 million in 2023 and is projected to reach USD 1,791 million by 2030, growing at a CAGR of 4.01 %.
Electroless plating is widely used in a variety of sectors due to its ability to improve material qualities such as corrosion resistance, conductivity, and durability.
The growing demand for smaller electronic components and microelectronic devices needs precise and high-quality plating solutions.
The Asia Pacific has the largest Electroless Plating Market in Globally, accounting for 37.3% of the Electroless Plating Market in 2023. Due to the proliferation of electronic devices and components, which require precise and reliable metal coatings for performance and durability, fuels demand for electroless plating.
Key Features of the Report
- The electroless plating market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
| 1.Executive Summary |
| 2.Global Electroless Plating Market Introduction |
| 2.1.Global Electroless Plating Market - Taxonomy |
| 2.2.Global Electroless Plating Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Electroless Plating Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Electroless Plating Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Electroless Plating Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Low Phosphorus Electroless Nickel |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Medium Phosphorus Electroless Nickel |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. High Phosphorus Electroless Nickel |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Electroless Plating Market By End User , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Chemical Industry |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Aerospace & Defence |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Military |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Oil & Gas |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Energy & Power |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Automotive |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Electrical & Electronics |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Healthcare |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7.Global Electroless Plating Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Electroless Plating Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Low Phosphorus Electroless Nickel |
| 8.1.2.Medium Phosphorus Electroless Nickel |
| 8.1.3.High Phosphorus Electroless Nickel |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Chemical Industry |
| 8.2.2.Aerospace & Defence |
| 8.2.3.Military |
| 8.2.4.Oil & Gas |
| 8.2.5.Energy & Power |
| 8.2.6.Automotive |
| 8.2.7.Electrical & Electronics |
| 8.2.8.Healthcare |
| 8.2.9.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Electroless Plating Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Low Phosphorus Electroless Nickel |
| 9.1.2.Medium Phosphorus Electroless Nickel |
| 9.1.3.High Phosphorus Electroless Nickel |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Chemical Industry |
| 9.2.2.Aerospace & Defence |
| 9.2.3.Military |
| 9.2.4.Oil & Gas |
| 9.2.5.Energy & Power |
| 9.2.6.Automotive |
| 9.2.7.Electrical & Electronics |
| 9.2.8.Healthcare |
| 9.2.9.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Electroless Plating Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Low Phosphorus Electroless Nickel |
| 10.1.2.Medium Phosphorus Electroless Nickel |
| 10.1.3.High Phosphorus Electroless Nickel |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Chemical Industry |
| 10.2.2.Aerospace & Defence |
| 10.2.3.Military |
| 10.2.4.Oil & Gas |
| 10.2.5.Energy & Power |
| 10.2.6.Automotive |
| 10.2.7.Electrical & Electronics |
| 10.2.8.Healthcare |
| 10.2.9.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Electroless Plating Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Low Phosphorus Electroless Nickel |
| 11.1.2.Medium Phosphorus Electroless Nickel |
| 11.1.3.High Phosphorus Electroless Nickel |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Chemical Industry |
| 11.2.2.Aerospace & Defence |
| 11.2.3.Military |
| 11.2.4.Oil & Gas |
| 11.2.5.Energy & Power |
| 11.2.6.Automotive |
| 11.2.7.Electrical & Electronics |
| 11.2.8.Healthcare |
| 11.2.9.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Electroless Plating Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Low Phosphorus Electroless Nickel |
| 12.1.2.Medium Phosphorus Electroless Nickel |
| 12.1.3.High Phosphorus Electroless Nickel |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Chemical Industry |
| 12.2.2.Aerospace & Defence |
| 12.2.3.Military |
| 12.2.4.Oil & Gas |
| 12.2.5.Energy & Power |
| 12.2.6.Automotive |
| 12.2.7.Electrical & Electronics |
| 12.2.8.Healthcare |
| 12.2.9.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Uyemura & Co., Ltd |
| 13.2.2.Element Solutions Inc |
| 13.2.3.KC Jones Plating |
| 13.2.4.Atotech |
| 13.2.5.Okuno Chemical Industries |
| 13.2.6.Sharretts Plating |
| 13.2.7.Erie Plating |
| 13.2.8.Tawas Plating |
| 13.2.9.Japan Kanigen |
| 13.2.10.Bales |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Uyemura & Co., Ltd
- Element Solutions Inc
- KC Jones Plating
- Atotech
- Okuno Chemical Industries
- Sharretts Plating
- Erie Plating
- Tawas Plating
- Japan Kanigen
- Bales