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Conformal Coatings Market Expecting an Outstanding Growth Till 2023

Added: (Mon Jul 09 2018)

Pressbox (Press Release) - The Conformal Coatings Market was worth USD 9.26 billion in 2014 and is expected to reach approximately USD 13.91 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.62% during the forecast period.

Industry Outlook and Trend Analysis:
Developing demand of the product from consumer electronics industry, keeping in mind the end goal to protect printed circuit boards from moisture, dust, heating, and other environmental effects is foreseen to boost the market development over the figure period. The demand of the product in the U.S. in esteemed at USD 2.15 billion in 2016. The high share of the overall industry of the nation is credited to the presence of well-established automotive, electronics and aerospace & defence industry. Developing demand for durable coatings with better corrosion protection is foreseen to boost the industry development.

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Product Outlook and Trend Analysis
Acrylic is expected to be the quickest developing product portion, advancing at a CAGR of 6.0%. The high development rate of the section is credited to its unrivalled properties, for example, easy application and removal for reworking, moisture resistance, which make acrylic the favoured choice for work in end-use applications. Epoxy conformal coatings are profoundly resistant to solvents and have dielectric properties, which are appropriate for applications in electronic gadgets on printed circuit boards.

Application Outlook and Trend Analysis:
Conformal coatings are used in the production of automotive electronics, as they help with easing the vibrations and mechanical pressure. Developing car part particularly in Asia Pacific and rising customer interest for improved driving experience is probably going to enlarge the product interest for automotive electronic devices over the estimate time frame. The demand of the product in medical application is foreseen to rise at an astounding CAGR over the estimate time frame.

Regional Outlook and Trend Analysis:
Asia Pacific is foreseen to be the quickest developing regional market, growing at a significant CAGR over the estimate time frame. High interests in the hardware part in the Taiwan, China, Japan and South Korea is required to drive demand of the product. Moreover, quick development of automotive and consumer electronics fabricating area in India is probably going to drive product development in the locale.

Competitive Insights:
The leading players in the market are Electrolube, Chase Manhattan Corporation, ITW Chemtronics, Henkel, Shin-Etsu Chemical, MG Chemicals, H.B. Fuller, Dymax Corporation and Dow Corning. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Market Classification:
Conformal Coatings Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
Acrylic
Epoxy
Urethane
Silicone
Parylene

Conformal Coatings Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
Consumer Electronics
Automotive
Medical
Aerospace & Defense
Other Applications

Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Table of Contents:
1.Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1.Secondary Research
1.2.2.Primary Research
2.Executive Summary
2.1.Key Highlights
3.Market Overview
3.1.Introduction
3.1.1.Market Definition
3.1.2.Market Segmentation
3.2.Market Dynamics
3.2.1.Drivers
3.2.1.1.Increasing Automation Across End-User Industries
3.2.1.2.Growing Demand For Reliable Electronics Devices & Equipment
3.2.2.Restraints
3.2.2.1.Application and Preparation Restraints
3.2.3.Opportunities
3.2.3.1.Emerging Markets to Offer Lucrative Growth Opportunities
4.Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.1.1.United States Market States and Outlook (2014-2023)
4.1.2.Canada Market States and Outlook (2014-2023)
4.1.3.Mexico Market States and Outlook (2014-2023)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1.Germany Market States and Outlook (2014-2023)
4.2.2.France Market States and Outlook (2014-2023)
4.2.3.UK Market States and Outlook (2014-2023)
4.2.4.Russia Market States and Outlook (2014-2023)
4.2.5.Italy Market States and Outlook (2014-2023)
4.2.6.Rest of Europe Market States and Outlook (2014-2023)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1.China Market States and Outlook (2014-2023)
4.3.2.Japan Market States and Outlook (2014-2023)
4.3.3.Korea Market States and Outlook (2014-2023)
4.3.4.India Market States and Outlook (2014-2023)
4.3.5.Rest of Asia-Pacific Market States and Outlook (2014-2023)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1.Brazil Market States and Outlook (2014-2023)
4.4.2.Argentina Market States and Outlook (2014-2023)
4.4.3.Columbia Market States and Outlook (2014-2023)
4.4.4.Rest of South America Market States and Outlook (2014-2023)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1.Saudi Arabia Market States and Outlook (2014-2023)
4.5.2.UAE Market States and Outlook (2014-2023)
4.5.3.Egypt Market States and Outlook (2014-2023)
4.5.4.Nigeria Market States and Outlook (2014-2023)
4.5.5.South Africa Market States and Outlook (2014-2023)
4.5.6.Rest of MEA Market States and Outlook (2014-2023)
5.Conformal Coatings Market, By Product
5.1.Introduction
5.2.Global Conformal Coatings Sales, Revenue and Market Share by Product (2014-2018)
5.2.1.Global Conformal Coatings Sales and Sales Share by Product (2014-2018)
5.2.2.Global Conformal Coatings Revenue and Revenue Share by Product (2014-2018)
5.3.Acrylic
5.3.1.Global Acrylic Sales and Growth Rate (2014-2018)
5.4.Epoxy
5.4.1.Global Epoxy Sales and Growth Rate (2014-2018)
5.5.Urethane
5.5.1.Global Urethane Sales and Growth Rate (2014-2018)
5.6.Silicone
5.6.1.Global Silicone Sales and Growth Rate (2014-2018)
5.7.Parylene
5.7.1.Global Parylene Sales and Growth Rate (2014-2018)
6.Conformal Coatings Market, By Application
6.1.Introduction
6.2.Global Conformal Coatings Sales, Revenue and Market Share by Application (2014-2018)
6.2.1.Global Conformal Coatings Sales and Sales Share by Application (2014-2018)
6.2.2.Global Conformal Coatings Revenue and Revenue Share by Application (2014-2018)
6.3.Consumer Electronics
6.3.1.Global Consumer Electronics Sales and Growth Rate (2014-2018)
6.4.Automotive
6.4.1.Global Automotive Sales and Growth Rate (2014-2018)
6.5.Medical
6.5.1.Global Medical Sales and Growth Rate (2014-2018)
6.6.Aerospace & Defense
6.6.1.Global Aerospace & Defense Sales and Growth Rate (2014-2018)
6.7.Other Applications
6.7.1.Global Other Applications Sales and Growth Rate (2014-2018)
7.Conformal Coatings Market, By Region
.Continued

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