Skip to main content

Conformal Coatings Industry Development Trends, Key Companies Profile and Forecast to 2024

Rising demand for conformal coatings for manufacturing of automotive and electronic components is expected to propel growth. The Global Conformal Coatings Market is expected to reach USD 15.73 billion by 2024, according to a new report by Grand View Research, Inc.


The market is highly competitive and fragmented owing to presence of numerous medium and large scale manufacturers and suppliers. The high competition between existing players and high capital investment are expected to pose as a threat to new entrants. However, rapid growth of end-use industries in emerging economies, which demands high volumes of conformal coatings is expected to propel demand.

Regional government bodies in Asia Pacific have implemented schemes and initiatives to encourage domestic manufacturing in order to develop the economies of these countries. For instance, ‘Make in India’ scheme that is increasingly attracting major foreign players to invest in domestic production facilities. As a result, the demand for the product is expected to grow over the forecast period.

To Know More About Conformal Coatings Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/conformal-coating-market

Conformal coating manufacturing technologies are constantly being updated to match evolving consumer requirements for efficient end-use electronic and automotive products. This has led to intensive R&D efforts by major industry players in order to develop unique and innovative products & processing technologies such as selective needle dispensing, ultrasonic coatings and even selective film coatings among others.

Top Players of Conformal Coatings Market:

The major players in the market including Henkel AG & Company, KGaA, Chemtronics, Shin-Etsu Chemical Co., Ltd., and DOW Corning, are investing in R&D activities in order to come up with coatings with better corrosion resistance, and abrasion resistance.

Market Segmentation of Conformal Coatings Market:

The Global Conformal Coatings Market Segmented on the basis of Product and Application.

By Product:

    Acrylic
    Epoxy
    Urethane
    Silicone
    Paralyene

By Application:

    Consumer Electronics
    Automotive
    Medical
    Aerospace & Defense

Inquire about Conformal Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3143
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...
Post a Comment
Read more