The global Conformal Coatings Market size is expected to value at USD 15.73 Billion by 2024, during the forecast period. The market is subject to witness a substantial growth due to the rising demand for end-user products from customer-oriented electronics market segment. The conformal coating is implemented in electronic industries to safeguard printed circuit boards and panels from external environmental factors such as dust, moisture, heat, varying temperatures, environmental noise and other form of environmental factors. Growing competition in the conformal coating industry with substantial presence of medium-sized manufactures, large-scale production houses and suppliers are positively impacting the industry. Globally, the conformal coatings market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunity for market players to invest for research and development of the market.
Request free sample to get a complete analysis of top-performing
companies: https://www.millioninsights.com/industry-reports/conformal-coating-market/request-sample
Key Players:
The leading players in the
conformal coatings market are Henkel Company, Chemtronics Incorporations, and
Shin-Etsu Chemical Corporations.
Growth Drivers:
Growth of electronic and
electrical sector mainly in the developing economies across the globe is pertaining
to the progress of the market. Conformal coatings offer numerous advantages in
comparison with their counterparts such as assurance on better corrosion and
dielectric resistance. Such advantages are playing a key role in rising demand
of the conformal coating market in the electronic industry. Most common form of
materials used for conformal coating is acrylic coating. The acrylic coating
market segment is predicted to hold major share of the material-based segment
of the market in upcoming years.
Acrylic conformal coatings are
simple to apply and rework in case of emergency. They are fairly low priced
compared to other types of the conformal coating with high abrasion and
dielectric coefficient. The acrylic coating also provide protection from moisture
and chemicals, require less time for applying coating to the electronic
circuitry. Such factors are driving application specific conformal coatings
market across range of industry segments. Application of the conformal coating
has extended to the automotive industry as well due its vast set of benefits
that puts it apart from other types coatings.
Material used in the conformal
coating commonly involves a thin polymeric film that are designed to
encapsulate the printed circuit board in order to safeguard the electronic
components placed onto the board from external factors. The thin polymeric
films are majorly varied in thickness from twenty-five micrometers to two
hundred micrometers. They act as a safeguard mechanism to resist accumulation
of water, dust, chemicals, and temperature changes.
Browse Detailed Research Insights with Table of Content: https://www.millioninsights.com/industry-reports/conformal-coating-market
No comments:
Post a Comment