Conformal Coatings Market
Conformal Coatings Market Size And Forecast
According to Verified Market Research, Global Conformal Coatings Market was valued at USD 10.30 Billion in 2018 and is projected to reach USD 14.72 Billion by 2026, growing at a CAGR of 4.58 % from 2019 to 2026.
Global Conformal Coatings Market Outlook
The growing electronics industry is driving the growth of the conformal coatings market. Increasing sales of consumer and portable electronics such as smartphones, earphones, headphones, PCs, and tablets, and many others are fuelling the growth of the market. Apart from consumer electronics, automotive electronics have gained significant importance in recent years. Features like lane keeping, automated parking, and rear-facing cameras, infotainment system, playing music, communication are gaining traction and the trends like self-driving, electrification of a vehicle are influencing the market growth. Application of robotics to apply coatings repeatedly and reliably to minimize time, labor cost and material waste are trending in the market.
However, expensive replacement in case of damage and technological drawbacks is restraining the growth of the conformal coatings market. Strong capillary forces from low standoff components are deploying the performance of coating also water condensation and corrosion failures of electronics are not protected with a protective conformal coating which poses a challenge for the market
Global Conformal Coatings Market Competitive Landscape
The Global Conformal Coatings Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Dow Corning, Henkel AG & KGaA, Shin-Etsu Chemical Company Limited, H.B. Fuller, Chase Corporation, MG Chemicals, Dow Corning, BASF SE, Aditya Birla Chemicals, and Chase Corporation.
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