Global Conformal Coating Market is expected to reach USD
15.92 billion by 2024, according to a new report by Grand View Research,
Inc. Rising demand for conformal coatings in the consumer electronics and
automotive industry ow is expected to drive the market growth over the next
eight years.
The market is subject to volatile raw material prices.
Increasing concerns regarding high VOC content in these coatings is likely to
negate growth. Stringent regulations implemented by various government and
federal agencies regarding VOC emissions coupled with rising penetration of
water based coatings is likely to have a positive impact on demand over the
forecast period.
Growing R&D investments by major industry players to
develop unique and innovative products & processing technologies such as
selective needle dispensing, ultrasonic coatings and even selective film
coatings is expected to simplify application procedure which in turn is
expected to increase demand over the forecast period.
Full Research Report on Global Conformal Coating Market:
http://www.grandviewresearch.com/industry-analysis/conformal-coating-market
http://www.grandviewresearch.com/industry-analysis/conformal-coating-market
Further key findings from the report suggest:
- Acrylic
conformal coating was the largest product segment, accounting for over 40%
of the overall revenue share in 2015. Superior characteristics including
moisture and dust resistance provided by the product is expected to
augment growth. In addition, rising demand for the product in automotive
electronics is expected to propel demand over the next eight years.
- Medical
application accounted for a little over 16% of the overall revenue share
in 2015. The growing demand for imaging and therapeutic devices is
expected to drive market growth for the product in the industry. Growing
use of the product in medical electronics in order to reduce risk of
corrosion and heating is expected to drive growth.
- Automotive
industry accounted for over 20% of the total share in 2015. Technological
advancement and utilization of electronic devices for entertainment, GPS
and safety system is expected to aid automotive devices market demand
which in turn is anticipated to augment conformal coatings growth in the
industry.
- Asia
Pacific to account for over 55% of the overall revenue share in 2015 on
account of the presence of OEMs of European and American market players.
China plays a vital role with respect to manufacturing of electronics
owing to inexpensive labor cost and low raw material cost on account of
which China is expected to contribute to over 50% of the total Asia
Pacific market share.
- Key
players in the industry include Henkel AG & Company, KGaA, Shin-Etsu
Chemical Co., Ltd., DOW Corning, H. B. Fuller, Chase Corporation,
Electrolube, MG Chemicals and Chemtronics.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research
has segmented the Global Conformal Coating Market on the basis of product,
application and region:
Conformal coating market Product Outlook (Revenue, USD
Million, 2013 - 2024)
- Acrylic
- Urethane
- Epoxy
- Silicone
- Parylene
Conformal coating market Application Outlook (Revenue,
USD Million, 2013 - 2024)
- Consumer
electronics
- Automotive
- Medical
- Aerospace
& Defense
- Others
Conformal coating market Regional Outlook (Revenue, USD
Million, 2013 - 2024)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Middle
East & Africa
Access Press Release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-conformal-coating-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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