Press release
Automotive Conformal Coatings Market is Expected to Grow at a CAGR of over 8.8% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Automotive Conformal Coatings market is valued at USD 1.96 Billion in 2021 and is projected to attain a value of USD 3.53 Billion by 2028 at a CAGR of 8.8% during the forecast period, 2022-2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 8.8% size of the Automotive Conformal Coatings Market at the end of the forecast period.
• The Global Automotive Conformal Coatings market is predicted to reach a value of USD 3.53 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Automotive conformal coatings are used to protect exterior body parts of a car such as door panels, trunk or hood and fenders that absorb impact energy during high-speed collisions. The conformal coating is the best way to protect light weight substrates from moisture, gasoline, etc. It also protects the mechanical surface of the vehicle such as steering wheel, instrument panel from friction and wear of continuous friction to increase the life of the vehicle.
Market Segmentation:
By Material:
• Acrylic
• Silicone
• Epoxy
• Polyurethane
• Parylene
• Others
By Component:
• ECU
• PCB
• Sensor
• Battery Casing
• LED
• Infotainment System
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COVID-19 Impact Analysis of Automotive Conformal Coatings Market:
When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Automotive Conformal Coatings market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Automotive Conformal Coatings Market:
• Dow (US)
• PPG Industries Inc. (U.S.)
• Henkel (Germany)
• GC Chemicals America Inc. (Japan)
• SABIC Innovative Plastics Holding BV (Netherlands)
• HUBER Group (Germany) Akzo Nobel N.V. (Netherlands)
• Chase Corporation (US)
• Badu Chemical Industry Co. Ltd. (China)
• Electrolube (UK)
• RPM International LLC (U.S.)
• H.B. Fuller (US)
• Wacker Chemie AG (Germany)
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Reason for buying this Automotive Conformal Coatings market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Automotive Conformal Coatings market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Automotive Conformal Coatings market and provides possible solutions to those problems.
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