Conformal Coatings Market in U.S is predicted to see lucrative gains over 2020-2027 | Cytec Industries, Chase Corp, Dymax Corp, Dow Corning, Glenro
Conformal coatings market are electrically insulating which helps the solution maintain surface insulation resistance levels for longer times. It also ensures that the assembly maintains its operational integrity. The solution offers protection from air-borne contaminants like salt-spray from operating environment which shall avoid corrosion. In addition, it eliminates the need for having sophisticated, complex enclosures.
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Acrylic resin conformal coatings poised to obtain significant gains
Acrylic conformal coatings market are preformed polymers dissolved in a solvent that offer excellent elasticity and overall protection. The resin is mainly used for its fair resistance to abrasion, moisture and high dielectric strength. Also, the coating can be easily peeled off using different solvents without the need for any agitation. This primarily proves to be pragmatic and economical during repair or rework activities.
Acrylic coatings market are highly popular amongst industry players as they are excellent protectors of dirt, fungus, dust, thermal shocks and moisture.
Automotive industry to fuel the demand for conformal coatings market
Conformal coatings are increasingly finding their usage in the automotive industry. They prevent the components from premature breakdown and also provide protection against high temperature, specially to electronic parts in PCB.
Technological advancements which have resulted in the integration of advanced circuitry with automotive operations. In addition, the advent of electric vehicles has further increased the dependency on integrating automobiles with electronic components. These factors evidently showcase the increased usage of conformal coatings market in the automotive industry.
The escalating silicon-valley to increase the usage of conformal coatings market
The silicon-valley of the United States is expanding at a staggering rate. Many tech companies are establishing their bases in the region to stay competitive in the market. Most of the companies present in the region are either cloud-based service providers, consumer electronics manufacturers or software developers. They require high-end circuitry for conducting their daily businesses. Conformal coatings are the go-to solution when it comes to protecting these circuits. These factors are responsible for the growing demand for conformal coatings in the region.
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The ongoing pandemic has made governments impose strict lockdowns which have restrained operations of many product-based businesses. With manufacturing plants not functioning at full potential, the supply of many products has drastically reduced. This, and changing consumer preference has amplified the problem. These factors have negatively affected the growth of the conformal coating market.
But with the introduction of the vaccine and re-opening of plants, the demand for these coatings will possibly rise over the forecasted timeframe.
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