(EMAILWIRE.COM, September 17, 2018 ) Industry Outlook and Trend Analysis
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. 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.

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The Conformal Coatings Market is segmented as follows-

By Product:
Epoxy
Urethane
Acrylic
Parylene
Silicone

By Application:
Automotive
Medical
Aerospace & Defense
Consumer Electronics
Others

By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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Nehal Chinoy
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