PUNE, India, June 15, 2016 /PRNewswire/ --
The report "Conformal Coatings Market by Type (Acrylics, Epoxy, Urethane, Silicone, Parylene, and Others), by End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Industrial, Marine, and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Trends & Forecasts to 2021", published by MarketsandMarkets, The global market size is estimated to grow from USD 9.75 Billion in 2016 to USD 12.28 Billion by 2020, at a CAGR of 4.7%.
Browse 162 market data Tables with 61 Figures spread through 196 Pages and in-depth TOC on "Conformal Coatings Market"
Early buyers will receive 10% customization on this report.
The market is driven by increasing demand for conformal coatings in emerging markets and high demand from the electronics, aerospace & defense, automotive & transportation, industrial, and marine industries. Asia-Pacific is projected to witness s strong growth in the future. Growth in this region can be attributed to high demand from emerging markets such as China and India.
Acrylics and epoxy, the largest types of conformal coatings
The growing popularity of various types of conformal coatings such as acrylics, epoxy, urethane, and silicone in various end-use applications plays a significant role in driving the market. Acrylic conformal coatings accounted for the maximum share in terms of value due to their cost-effectiveness, and easy to apply and remove properties. The rising demand of environmentally friendly conformal coatings such as Volatile Organic Compounds (VOCs)-free coatings in countries such as Germany, and France is expected to drive this market.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=216347388
Marine industry, the fastest-growing market among the end-use industries for conformal coatings
In 2015, Asia-Pacific dominated the Conformal Coatings Market and also registered the highest growth rate between 2016 and 2021. The Asia-Pacific region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the largest market for conformal coatings globally with major demand from the electronics industry. The Indian government has started investment promotion programs to assist companies that are developing and manufacturing PCBs and thus pushing the growth of this market upward.
The key companies profiled in the conformal coatings market research report are Chase Corporation (U.S.), Henkel AG & KGaA (Germany), Illinois Tool Works (U.S.), Shin-Etsu Chemical Company Limited (Japan), Dow Corning (U.S.), H.B. Fuller (U.S.), Electrolube (U.K.), Europlasma NV (Belgium), MG Chemicals (Canada), and Kisco Conformal Coatings (Japan).
Browse Related Reports:
Epoxy Market by Type (Liquid, Solid & Solution), Application (Construction, Automotive & transportation, Electrical & electronics, General industrial, Wind, Marine, Aerospace, Consumer goods & Others), and Region - Global Forecasts to 2020
Coating Resins Market by Type (Acrylic, Alkyd, Vinyl, PU, Epoxy, Amino, UPR, SPR & Others), by Technology (Waterborne, Powder, High Solvents, High Solids, UV Cure), by Application (Architectural, Automotive, Wood, & Others) - Global Forecast to 2020
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets