Conformal Coatings Market 2018: Analysis, Growth, Top Key Players, Drivers and Trends by Forecast to 2023

11/mag/2018 10:54:22 Market Research Future Contatta l'autore

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Market Overview

Conformal Coatings are used in electronic devices to protect the devices from heat, moisture, corrosion and ultraviolet rays. These coatings are classified into acrylic, epoxy, silicone, parylene, urethane, and others. Acrylic is the most preferred type two to its strong. Increasing demand for electronic devices in various applications such as telecommunication, medical and automobile are propelling the market growth. These coatings are mainly used by the automotive industry and the aerospace industry. The Silicone Coating is increasingly used in the automotive industry due to humidity resistance, salt spray resistance and flexibility. Expanding automobile industry in the developing regions The market growth is coupled with the living standard of the consumers. The product demand is increasing in the marine industry due to its superior properties as high chemical resistance and humidity resistance.

Competitive Analysis

The Global Chemical Coatings (US), Specialty Coatings System Inc. Germany), Chemtronics (India), HBFuller Company (US), Electrolube (UK), Europlasma NV (Belgium), and Shin-Etsu Chemical Co., Ltd (Japan).

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Market Segmentation

The Global Conformal Coatings Market has been segmented into the 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 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 Analysis

North America was the dominant region in the Global Conformal Coatings Market. Additionally, increasing expenditure on consumer electronics mainly in home appliances, smart watches, and wireless devices.

Europe is expected to drive the introduction of high quality and technically advanced products. Increasing expenditure on research and development in electronics by Germany

Asia Pacific region is growing two to rapid urbanization and digitalization in the developing economies such as India and China. Moreover, implementation of various initiatives such as Smart City and Startup in India is encouraging the Indian companies to focus on product innovation and R & D.

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