-- Rise in demand for micro electric devices & circuit miniaturization and growing demand for processors, sensors, and smart electronics across the globe drive the growth of the global WLCSP electroless plating market. However, high initial cost associated with WLCSP electroless plating is anticipated to restrain the growth of the market. Furthermore, growing adoption of WLCSP electroless plating in healthcare and aerospace industries is expected to create new opportunities during the forecast period.
According to the report published by Allied Market Research, the global WLCSP electroless plating market generated $1.77 billion in 2019, and is estimated to reach $2.88 billion by 2027, registering a CAGR of 5.9% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
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Leading market players analyzed in the research include ARC Technologies Inc., Atotech Deutschland GmbH, KC Jones Plating Company, MacDermid Inc., Coventya International, Okuno Chemical Industries Co. Ltd., Nihon Parkerizing Co. Ltd., C. Uyemura & Co. Ltd., Bales Metal Surface Solutions (Bales), and Erie Plating Company.
Key Benefits For Stakeholders:
This study includes the analytical depiction of the WLCSP electroless plating market forecast along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding the key drivers, restraints, and opportunities in the market.
The WLCSP electroless plating market growth is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Based on region, Asia-Pacific contributed the highest share, accounting for more than two-thirds of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, it is expected to grow at the highest CAGR of 6.5% from 2020 to 2027. The research also offers analysis of regions including North America, Europe, and LAMEA.
Based on end-use, the electronics segment held the largest share in 2019, holding more than three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the automotive segment is expected to register the highest CAGR of 8.4% from 2020 to 2027.
Based on type, the nickel segment contributed to the largest share in 2019, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the composites segment is estimated to portray the highest CAGR of 7.3% during the forecast period.
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