Press release
Conformal Coatings Industry improve for Automotive Electronics Market worth USD 13.91 billion by 2023; Leading players ; Electrolube, Chase Manhattan Corporation, ITW Chemtronics, Henkel, Shin-Etsu Chemical, MG Chemicals, H.B. Fuller, Dymax Corporation, D
Conformal Coatings Market
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Market Trend Outlook-
The Conformal Coatings Market was worth USD 9.26 billion in 2014 and is expected to reach approximately USD 13.91 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.62% during the forecast period. Creating request of the item from customer gadgets industry, remembering the true objective to shield printed circuit sheets from dampness, residue, warming, and other natural impacts is predicted to help the market improvement over the figure time frame. The interest of the product in the U.S. in esteemed at USD 2.15 billion in 2016. The high offer of the general business of the country is credited to the presence of well-established automotive, electronics and aerospace & safeguard industry. Developing demand for durable coatings with better corrosion protection is foreseen to boost the industry development.
Competitive Insights
The leading players in the market are
Electrolube,
Chase Manhattan Corporation,
ITW Chemtronics, Henkel, Shin-Etsu Chemical,
MG Chemicals,
H.B. Fuller,
Dymax Corporation
Dow Corning.
Market Segmentation-
By Product:
Epoxy
Urethane
Acrylic
Parylene
Silicone
By Application:
Automotive
Medical
Aerospace & Defense
Consumer Electronics
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By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Product Outlook and Trend Analysis
Acrylic is expected to be the quickest developing product portion, advancing at a CAGR of 6.0%. The high development rate of the section is credited to its unrivalled properties, for example, easy application and removal for reworking, moisture resistance, which make acrylic the favoured choice for work in end-use applications. Epoxy conformal coatings are profoundly resistant to solvents and have dielectric properties, which are appropriate for applications in electronic gadgets on printed circuit boards.
Regional Insights
Asia Pacific is foreseen to be the quickest developing regional market, growing at a significant CAGR over the estimate time frame. High interests in the hardware part in the Taiwan, China, Japan and South Korea is required to drive demand of the product. Moreover, quick development of automotive and consumer electronics fabricating area in India is probably going to drive product development in the locale.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
5. Conformal Coatings Market, By Product
5.1. Introduction
5.2. Global Conformal Coatings Revenue and Market Share By Product (2014-2018)
5.2.1. Global Conformal Coatings Revenue and Revenue Share By Product (2014-2018)
5.3. Acrylic
5.3.1. Global Acrylic Revenue and Growth Rate (2014-2018)
5.4. Epoxy
5.4.1. Global Epoxy Revenue and Growth Rate (2014-2018)
5.5. Urethane
5.5.1. Global Urethane Revenue and Growth Rate (2014-2018)
5.6. Silicone
5.6.1. Global Silicone Revenue and Growth Rate (2014-2018)
5.7. Parylene
5.7.1. Global Parylene Revenue and Growth Rate (2014-2018)
6. Conformal Coatings Market, By Application
6.1. Introduction
6.2. Global Conformal Coatings Revenue and Market Share by Application (2014-2018)
6.2.1. Global Conformal Coatings Revenue and Revenue Share by Application (2014-2018)
6.3. Consumer Electronics
6.3.1. Global Consumer Electronics Revenue and Growth Rate (2014-2018)
6.4. Automotive
6.4.1. Global Automotive Revenue and Growth Rate (2014-2018)
6.5. Medical
6.5.1. Global Medical Revenue and Growth Rate (2014-2018)
6.6. Aerospace & Defense
6.6.1. Global Aerospace & Defense Revenue and Growth Rate (2014-2018)
6.7. Other Applications
6.7.1. Global Other Applications Revenue and Growth Rate (2014-2018)
...CONTINUED FOR TOC
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Application Outlook and Trend Analysis
Conformal coatings are used in the production of automotive electronics, as they help with easing the vibrations and mechanical pressure. Developing car part particularly in Asia Pacific and rising customer interest for improved driving experience is probably going to enlarge the product interest for automotive electronic devices over the estimate time frame. The demand of the product in medical application is foreseen to rise at an astounding CAGR over the estimate time frame.
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