A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Conformal
Coatings
Market. The
study, titled “Conformal
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Conformal Coatings Market: Overview
Conformal
coating is a special type of coating applied to electronic devices in
order to protect them from external factors such as heat and rain.
These form a protective layer shielding electronic circuits from
moisture and chemical contaminants and help prolong the life of
electronic devices.
Various
coating methods are used to protect electronic components from
external conditions and contaminants. The most popular methods
include spray application, brush coatings, and conformal coating
dipping. Regionally, the global conformal coatings market has been
segmented into Asia Pacific, Europe, North America, and Rest of the
World. The opportunities for expansion exhibited by these regions are
examined extensively in the report.
Browse
Market Research Report @
The
report on conformal coatings presents a quantitative and qualitative
assessment of various factors and government policies influencing the
global market. It is compiled with the intent of updating the
stakeholders about the prevailing market dynamics and its outlook.
The report also includes details pertaining to the investment
feasibility in the market and opportunities for new entrants.
Global
Conformal Coatings Market: Key Opportunities and Threats
The
global conformal coatings market has reported significant growth in
the past couple of years. Growth trends exhibited by the market are
expected to continue in the next few years. The expansion of the
electronics industry, especially in emerging economies, is likely to
boost the conformal coatings market. Conformal coatings ensure better
moisture and dielectric resistance; these are key factors increasing
usage in the electronics industry.
Based
on material type, the acrylic conformal coating segment is expected
to dominate the market in the near future. Acrylic conformal coatings
are easy to apply and the easiest to rework. Additionally, these
provide high resistance from abrasion, chemicals, and moisture; take
less time to cure, and are available at low cost. These are the key
factors encouraging the use of acrylic conformal coatings across
industries.
Apart
from the electronics industry, demand for conformal coatings is
increasing in the automotive electronics segment. Electronics
installed in vehicles are exposed to chemical contaminants, harsh
working conditions, moisture, dust, and vibration. These factors
necessitate the use of conformal coatings on automotive electronics
to ensure their better performance and longevity.
Automotive
manufacturers strive to offer high quality and reliable smart
vehicles at competitive prices. This prevalent trend in the
automotive industry in turn is bolstering demand for conformal
coatings in the industry.
Global
Conformal Coatings Market: Regional Outlook
Regionally,
North America dominates the global conformal coatings market. The
market in the region is expected to expand at the highest CAGR during
the forecast period. High demand for conformal coatings in industries
located in countries such as Canada, Mexico, and the U.S. contributes
to the growth of the conformal coatings market in North America. The
U.S. holds the largest market share in North America.
Enterprises
operating in the global conformal coatings market witness lucrative
opportunities in Asia Pacific. The strategic initiatives adopted by
companies to gain customers have proven beneficial for the expansion
of the conformal coatings market in the region. The rapid expansion
of the electronics industry in the region has also contributed to the
growth of the conformal coatings market in Asia Pacific.
Global
Conformal Coatings Market: Vendor Landscape
In
order to study the prevailing vendor landscape in the market, the
report profiles companies such as Henkel, Electrolube, Cytec
Industries, Inc., Dymax Corporation, Chase Corporation, and DuPont.
These companies are studied based on their financial overview,
product portfolio, and strategies adopted.
Get
accurate market forecast and analysis on the Conformal Coatings
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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