Conformal Coating Market is Forecasted to Reach US$ 1451.39 Million in 2028, Says Stratview Research

The global conformal coating market is projected to witness a growth rate of 5.94% annually from 2022 to 2028 with an anticipated size of US$ 1451.39 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global conformal coating market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 1451.39 million
Growth (CAGR): 5.94% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Conformal Coating Market:

The global conformal coating market is segmented based on type, end-use industry type, and region.

Based on type - The market is segmented into acrylic, silicone, epoxy, urethane, perylene, and others. Acrylic coatings dominated the market in 2021, accounting for more than 45% of the market share, and are expected to maintain their position during the forecast period. Acrylic coatings are widely used in consumer electronics, aerospace and defense, and automotive industries, leading to their dominance in the global conformal coatings market.

Based on end-use industry type - The conformal coating market is segmented into consumer electronics, automotive, aerospace & defense, industrial, telecommunication, and others. The consumer electronics segment held the largest share of more than 45% of the market in 2021 and is also expected to witness healthy growth during the forecast period. Significant economic development in emerging economies along with the growing disposable income of consumers is the major factor behind the dominance of the consumer electronics segment.

To know the most attractive segments, click here:
https://stratviewresearch.com/882/conformal-coatings-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific accounted for more than 50% share in 2021 and is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-

• China, Japan, South Korea, Taiwan, and India are the key countries driving the growth of the region's market.
• Significant economic development in the region is paving the path for transportation, electricals & electronics, medical, and industrial sectors, leading to a higher demand for conformal coating in the region.

Conformal Coating Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing demand from the global PCB industry.
• Significant economic development in emerging economies and the ever-increasing disposable income of consumers are the major factors behind the dominance of the consumer electronics segment.

Top Companies in the Conformal Coating Market:

Stratview Research has identified the following companies as the top market players.
• Chase Corporation
• Dymax Corporation
• Electrolube Limited
• H.B. Fuller Company
• Henkel AG & Company
• Illinois Tool Work
• KGaA
• MG Chemical
• Shin-Etsu Chemical Co., Ltd.
• Specialty Coating System
• The Dow Chemical Company

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Conformal Coating Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Epoxy Coatings Market: https://stratviewresearch.com/3958/epoxy-coatings-market.html
• Aircraft Coatings Market: https://www.stratviewresearch.com/3285/aircraft-coatings-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.