PUNE, India, January 15, 2016 /PRNewswire/ --
According to the new market research report "Electronics Conformal Coating Market by Material (Acrylic, Silicone, & Others), Equipment (Curing, Coating, & Others), Method (Brush Coating, Dipping, & Others), Application (Automotive Electronics, Medical Electronics, & Others), and Geography - Global Forecasts to 2020", published by MarketsandMarkets, the market is estimated to reach USD 2.41 Billion by 2020, at a CAGR of 5.99% between 2015 and 2020.
Browse more than 69 market data Tables 48 Figures spread through 139 Pages and in-depth TOC on"Conformal Coating Market"
Early buyers will receive 10% customization on this report.
The increasing use of electronic components especially in automotive, and consumer electronics sector, and growing demand for highly reliable electronic devices/equipment are the major drivers for the above said market.
Acrylic conformal coating material segment expected to lead the conformal coating material market
The acrylic conformal coating is expected to lead the global conformal coating material market during the forecast period. This is owing to the fact that among all the materials it is the easiest to re-work on the acrylic material. Besides this, acrylic material is also easy to apply, has low cost, takes less time to cure, and provides good resistance from chemical, moisture, and abrasion.
Automotive electronics sector expected to hold the largest share in the conformal coating material market
The automotive electronics application segment is expected to hold the largest share in the global conformal coating material market during the forecast period. Automotive manufacturers are working hard towards offering products of higher quality and reliability at a competitive price. The electronics in the automobile are usually placed in the areas where they are subjected to harsh working conditions, chemical, moisture, dust, and vibration. These factors necessitate the use of conformal coating on automotive electronics so that a protective layer can be added on electronic components to protect them from harsh environment, and thus increasing the reliability of the product.
APAC expected to hold the largest market share and witness rapid growth during forecast period
The APAC region held the largest share of the Conformal Coating Material Market in 2014, and it is expected to grow at the highest growth rate during the forecast period. The rapid growth of the automotive industry in this region, in addition to the growth of consumer electronics, and aerospace & defense sectors has contributed to the growth of the conformal coating material in the APAC region.
Major players in this market include Chase Corporation (U.S.), MG Chemicals Ltd. (Canada), DOW Corning Corporation (U.S.), Chemtronics (U.S.), Dymax Corporation (U.S.), Electrolube (U.K.), Nordson Corporation (U.S.), Precision Valve & Automation, Inc. (U.S.), Shin-Etsu Chemical Co. Ltd. (Japan), Henkel AG & Co. KGaA (Germany), and Peters Group (Germany).
Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=4692419
This research report categorizes the global conformal coating market based on materials, equipment, methods, applications, and regions. This report describes the drivers, restraints, opportunities, and challenges for the growth of the conformal coating market. The Porter's Five Forces analysis has been included in the report with a description of each of its force and their respective impact on the conformal coating market.
Browse Related Reports
Thermal Interface Pads & Material Market by Type (Phase Change Material, Thermal Grease, Thermal Pads), Products (MOSFET, Thyristor, IGBT), Application (Consumer Electronics, Telecom Equipment, Power Supply Units) - Forecast to 2020
Electromagnetic Compatibility (EMC) Shielding and Test Equipment Market by Type (EMI Shielding Tapes, Conductive Coatings and Paints, Metal Shielding & Test Equipment), Application, and Geography (North America, Europe, Asia-Pacific, and RoW)- Forecast to 2020
MarketsandMarkets is 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 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 info graphics 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
Tel: + 1-888-600-6441
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets