Jul 22, 2020   SOURCE: BusinessWire

WLCSP Electroless Plating Market by Type, End-use and Region - Forecast to 2027 - ResearchAndMarkets.com

The "WLCSP Electroless Plating Market By Type and End-use: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global WLCSP electroless plating market was valued at $1.77 billion in 2019, and is projected to reach $2.88 billion by 2027, registering a CAGR of 5.9% from 2020 to 2027.

According to WLCSP electroless plating market trends, WLCSP electroless plating is a type of surface finish deposition method in electronic packaging. With advancements in electronic products, the industry is shifting toward this process on the basis of its advantages. However, the WLCSP electroless plating process is unstable. Its stability fully depends on the substrate material, the pretreatment process, the type of solution used, and the pH and temperature during plating.

WLCSP electroless plating is less porous than any other electroplates and provides a barrier of corrosion to protect the metal. This plating technology provides large flexibility of thickness and volume of the plating, which easily fills the pits on the metal surface of the semiconductor wafer. This allows for a wider variety of electronic parts, which needs to be coated of plated through electroless plating with a uniform surface. In addition, electroless nickel plating provides better corrosion protection as against other plating techniques in the industry.

Furthermore, features such as less porous, high thermal conductivity, as well as high electrical and magnetic conductivity of WLCSP electroless plating provides better shielding capabilities as against traditional plating process. This majorly drives the growth of the WLCSP electroless plating market share globally.

In addition, WLCSP electroless plating is applied with zero or very less comprehensive stress. No electricity is required in this plating or coating process. The entire process takes place through chemical reaction. As no electricity is required in the coating process, the accuracy level of the process is quite high, even with less equipment. These factors promote cost-effectiveness of WLCSP electroless plating. This type of plating requires less cost as compared to electroplating, which lowers down its cost. In addition, the requirement of no external current for coating process makes it a convenient process and majorly drives the WLCSP electroless plating market growth.

According to WLCSP electroless plating market forecast, North America is one of the key contributors to the WLCSP electroless plating market owing to the increase in number of electronics, automotive, and machinery applications, which fuels the demand for the WLCSP electroless plating in the region. The need for intelligent and smart devices and technology platforms by different industries has increased the use of advanced packaging solutions, which creates demand for WLCSP electroless plating.

Moreover, the use of microcontrollers and microprocessors in consumer electronics and electric vehicles is expected to drive the market for WLCSP electroless plating during the forecast period. The early adoption of new technology and presence of different U.S.-based companies facilitate the exploration of newer applications of the technologies. In the highly fragmented market, companies have adopted merger and acquisition strategies to increase their market share.

The key players profiled in the report include Atotech Deutschland GmbH, ARC Technologies, Inc., MacDermid, Inc., KC Jones Plating Company, Okuno Chemical Industries Co., Ltd. COVENTYA International, C. Uyemura & Co., Ltd., Nihon Parkerizing Co., Ltd., ERIE PLATING COMPANY, and Bales Metal Surface Solutions (Bales). These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.

Key Findings

  • By Type, the Nickel segment generated the highest revenue in 2019.
  • By End-use, Electronics segment generated the highest revenue in 2019.

Companies Profiled

  • Arc Technologies, Inc.
  • Atotech Deutschland GmbH
  • Bales (Bales Metal Surface Solutions)
  • C. Uyemura & Co. Ltd.
  • Coventya International
  • Erie Plating Company
  • KC Jones Plating Company
  • Macdermid, Inc.
  • Nihon Parkerizing Co. Ltd.
  • Okuno Chemical Industries Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/6qn0l0