Stratview Research has published a new report titled “Conformal Coating Market” which is segmented by Type (Acrylic, Silicone, Epoxy, Urethane, Parylene, and Others), by End-Use Industry Type (Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Telecommunication, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, conformal Coating market is likely to witness a CAGR of 5.5% during the forecast period. The prime factor that is driving the conformal coating market is its growing demand from the global PCB industry.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the type, the market is segmented as acrylic, silicone, epoxy, urethane, parylene, and others. Acrylic coating dominated the market in 2019, and is expected to maintain its position during the forecast period. Acrylic coatings are widely used in consumer electronics, aerospace & defense, and automotive industries, leading to its dominance in the global conformal coatings market.
Based on the end-use industry type, the conformal coating market is segmented as consumer electronics, automotive, aerospace & defense, industrial, telecommunication, and others. The consumer electronics segment held the largest share of the market in 2019, and is also expected to witness a healthy growth during the forecast period. Significant economic development in the emerging economies along with the growing disposable income of consumer is the major factor behind the dominance of the consumer electronics segment.
Which Region is expected to remain the largest market?
In terms of regions, North America is expected to remain the largest market during the forecast period, mainly driven by the USA. Asia-Pacific is estimated to be the fastest-growing market for conformal coatings during the forecast period. 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 of transportation, electricals & electronics, medical, and industrial sectors, leading to a higher demand for conformal coating in the region.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Conformal Coating Market:
· Henkel AG & Company
· KGaA
· Illinois Tool Work
· Shin-Etsu Chemical Co., Ltd.
· The Dow Chemical Company
· H.B. Fuller Company
· Chase Corporation
· Electrolube Limited
· Dymax Corporation
· MG Chemical
· Specialty Coating System
Key questions answered by the report
- What is the projected CAGR for revenue from the Conformal Coating Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Conformal Coating Market?
- Which are the major market players?
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