Research Reports
Conformal Coatings Market Size Estimated To Reach USD 15.25 Billion By 2026 Says Reports And Data
The Conformal Coatings Market is forecast to grow from USD 10.59 billion in 2018 to USD 15.25 billion by 2026, at a CAGR of 4.5%, during the forecast period. The market is driven by the increase in demand from emerging markets for conformal coatings and high demand for printed circuit boards in the automotive & transport and…
The post Conformal Coatings Market Size Estimated To Reach USD 15.25 Billion By 2026 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The Conformal Coatings Market is forecast to grow from USD 10.59 billion in 2018 to USD 15.25 billion by 2026, at a CAGR of 4.5%, during the forecast period. The market is driven by the increase in demand from emerging markets for conformal coatings and high demand for printed circuit boards in the automotive & transport and electronics industries.
Conformal coatings consists of unique properties like high resistance to dust, salts, moisture, corrosion, high temperature and humidity and increase in reliability of electronic equipment by 5 years. Costly replacement and repair in the event of damage and technological constraints in the application, preparation and drying of conformal coatings are the major restrictions for the market.
Major players in the industry are focusing on integrating their operations by entering the manufacturing and distribution sectors of raw materials to gain a competitive edge in the market. Companies have adopted partnerships, agreements and collaboration to expand their market share and distribution network in addition to new product development and expansion.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1274
The major players in the market are:
Henkel (Germany), Illinois Tool Works (US), Shin-Etsu Chemical Co., Ltd (Japan), DOW Corning (US), H.B. Fuller (US), Chase Corporation (US), Europlasma NV (Belgium), MG Chemicals (Canada), Dymax Corporation (US) and Kisco Conformal Coatings LLC (US).
Further key findings from the report suggest
- The Conformal Coatings Market is forecasted to grow from USD 10.59 billion in 2018 to USD 15.25 billion by 2026, at a CAGR of 4.5%, during the forecast period. The market is driven by the increase in demand from emerging markets for conformal coatings and high demand for printed circuit boards in the automotive & transport and electronics industries.
- The market for acrylics is expected to grow the largest at USD 4.12 Billion in 2026, at a CAGR of 5.5% during the forecast period. Because of their cheap nature and easy-to-apply properties, acrylic conformal coatings accounted for the largest share. This market is expected to be driven by rising demand for environment friendly or volatile organic compounds (VOCs)-free conformal coatings in countries like Germany and France. Attention is being paid to new products such as Certonal FC-742 and Never Wet, which are likely to improve the use and application of conformal coatings.
- On the basis of application, the market for electronics industry is expected to grow the largest at USD 3.97 Billion in 2026, at a CAGR of 5.06% during the forecast period. The rising growth of the electronic industry and the requirement for conformal coatings on polychlorinated biphenyl (PCB) for improved performance in hazardous environments has been the crucial drivers for the growth of the electronic industry in the market.
- The market for selective coating by machine is expected to reach USD 4.67 Billion in 2026, at a CAGR of 5.2% during the forecast period. This method is suitable for all manufacturing levels and has the advantage that dip coating requires for minimal masking, and if the board is well designed for coating, masking can be completely avoided. Also being applied by machine means that the recommended thickness of an even, uniform and repeatable coating application is guaranteed.
- The market for Asia Pacific (APAC) is expected to hold the largest market share and reach USD 5.64 Billion in 2026, at a CAGR of 5.3% during the forecast period. Improving economies coupled with increased demand from electronics, automotive & transportation, and aerospace & defense industries are expected to boost the APAC market.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1274
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, coating type, application and regional analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Acrylics
- Epoxy
- Urethane
- Silicone
- Parylene
- Others
Coating Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Brush Coating
- Dip Coating
- Selective Coating by Machine
- Spray Coating
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Electronics
- Automotive & Transportation
- Aerospace & Defense
- Industrial
- Marine
- Others
Region (Kilo Tons) (Revenue, USD Million; 2016-2026)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1274
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Permethrin Market By Type (Powder, Spray, Liquid, Others), By Application (Agriculture, Pharmaceutical, Industrial), And Region- Global Forecast To 2027
Biorationals Market Size, Share & Analysis, By Product Type (Botanicals, Semiochemicals, Others), By Crop Type (Cereals & Grains, Fruits & Vegetables, Others), And By Region, Global Forecast To 2028
Sealing Coatings Market Size, Growth & Analysis, By Product Type (Oil-Based, Coal Tar-Based, Refined Tar-Based, Asphalt-Based, Acrylic Polymer-Based, Others), By Application (Pavements, Driveways & Parking Lots, Roadways & Walkways, Building Construction, Racetrack & Sports, Others), By Region Forecast To 2027
Firestop Sealants Market Size, Share & Analysis, By Product (Silicone, Acrylic), By Application (Pipe and Cable Penetrations, Curtain walls, Facades/Partition Walls, Concrete Floor), By End-Use (Residential, Commercial, Industrial), Regional Forecasts To 2027
Industrial Vaseline Market Size, Share & Trends Analysis Report By Product (White, Yellow, Brown), By Application (Lubricating, Sealing), By Region (North America, Europe, Asia Pacific, Middle East and Africa, Latin America), Competitive Strategies and Segment Forecasts for 2016 – 2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-conformal-coatings-market
The post Conformal Coatings Market Size Estimated To Reach USD 15.25 Billion By 2026 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
-
Top Stories3 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Business2 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Investing2 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories3 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says