Conformal Coatings Market | Industry Growth, Trends by Key Players include The Dow Chemical Industry, HemiSeal, Henkel AG & Co. kgaA, Specialty Coatings System Inc.

Competitive Landscape and Key Players of Conformal Coatings Market:

The global conformal coatings Market is a highly lucrative market driven by flourishing adoption of electronics in the automobile, aerospace and marine industry. Henkel AG & Co. KGAA (Germany), Illinois Tool Works incorporation (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), DOW Corning corporation (U.S.) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the global Conformal coatings Market is projected to witness considerable competition over the forecast period of 2017-2023.

Ask for a sample copy @ https://www.marketresearchfuture.com/sample_request/5786

Asia pacific is expected to be largest and the fastest growing region during the forecast years. The growing industrial growth in the emerging countries is the major reason contributing to the growth of the market in these region. Moreover, increasing population in India and China has brought about more spending in the automobile industry which in turn is positively effecting the market growth. Furthermore, the growing electrical & electronics sector mainly in China, Japan and India is also positively reflecting to the market growth.

Industry/ Innovation/ Related News:

22nd November 2016- HumiSeal an American manufacturer of electronic coatings made a new addition to their product portfolio of conformal coatings. The company released a two part silicone conformal coating 2C51. This new coating is transparent film enables superior protection and has low VOC content. This new product is in line with their strategy to further enhance their market grip and cater to a wide range of environment consciousness consumers.

23rd August 2016- Intertronics an U.K based manufacturer of adhesives and coatings has launched a new product Dymax Multi-Cure 9451. This new product is a black and opaque conformal coating that helps in enhancing the security of electronic products. According to the company, the product enhances security by covering the circuit board and components hiding the electronic components from inspection.

Scope of the Report:

The global conformal coatings market is segmented into type, end-use industry, and region.

On the basis of the type, the market is divided into acrylics, epoxy, urethane, silicone, parylene and others.

Based on the end-use industry, the market is segmented into electronics, automobile, aerospace, marine and others.

Geographically, the market is divided into five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Regional Insights:

North America accounted for the largest market share in the global conformal coatings market in 2016. This is due to the rising technological advancements and automation coupled with increasing purchasing power among consumers. Expansion of artificial intelligence (AI) enabled services from various companies such as Apple, Google, and Samsung Electronics is widening the scope of application for conformal coatings in electronics. The region is home to some of the leading aircraft manufacturing companies such as Boeing and GenCorp. Escalating aerospace & defence budget over the last five years in the U.S. is slated to influence conformal coatings demand positively. Moreover, increasing sale of semiconductors and electronics manufacturing services is witnessing significant growth over the years.

Europe is another substantial market due to increasing use of electronic devices in the vehicles in order to comply with the emission targets set by the European Union. Regulatory norms in Europe due to environmental issues are driving the demand for fuel-efficient products. Furthermore, Internet of Things (IoT) has accelerated the market growth for electronic devices due to increasing desire of the consumers for technically advanced products, convenience and functionality.

Asia Pacific region is witnessing a significant growth in the market as a result of increasing demand for smartphones, smartwatches and other electronic devices coupled with rising purchasing power and improving living standard of the consumers. Expanding automobile industry in the developing regions such as India, China, Thailand, and South Korea is propelling the market growth. For instance, according to the Indian Brand Equity Foundation, the sale of electric cars in India increased to 25,000 in the year 2016-2017, and the vehicle production grew by 14% per year on year basis.

Intended Audience

Conformal coatings manufacturers
Traders and distributors of conformal coatings
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.