LONDON–(BUSINESS WIRE)–The global conformal coating in the electronics market size is expected to grow by USD 978.13 million during 2020-2024, progressing at a CAGR of almost 8% during the forecast period.
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The increasing demand for smart wearable is one of the major factors propelling market growth. However, factors such as regulations on high emissions of VOC will hamper market growth.
Consumer electronics and communication devices constitute a major application area for conformal coating in electronics. The sales of smartphones, smart wearables, and IoT devices will have a direct impact on the demand for conformal coatings. Therefore, the demand for conformal coating in consumer electronics will grow with the growing demand for smartphones. However, with the introduction of wireless communication standards, such as 3G, 4G, WiMax, and near-field communication (NFC), the number of bands has become fragmented, requiring multiple modules for different standards. Additionally, the demand for conformal coating in electronics is also expected to witness growth due to the increasing adoption of smart wearables and IoT devices, such as smartwatches, fitness trackers, virtual reality (VR) headsets, wireless sensors, and monitoring devices.
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Global Conformal Coating in Electronics Market: Type Landscape
The acrylic conformal coating segment will account for the largest market share. Some of the major factors fueling the market segment’s growth is the prevention of possible damage to heat-sensitive components and its low cost in comparison with other coating materials. Market growth in this segment will be slower than the growth of the market in the silicone, urethane, and epoxy segment.
Global Conformal Coating in Electronics Market: Geographic Landscape
APAC was the largest conformal coating in the electronics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as rapid growth in automotive, aerospace and defense, and consumer electronics segments and increased government spending in these segments will significantly drive conformal coating in electronics market growth in this region over the forecast period. 40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for conformal coating in electronics in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- ALTANA AG
- Chase Corp.
- CHT Group
- Daikin Industries Ltd.
- Dow Inc.
- Dymax Corp.
- H.B. Fuller Co.
- Henkel AG & Co. KGaA
- Master Bond Inc.
-
Shin-Etsu Chemical Co. Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Conformal Coating in Electronics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in the conformal coating in electronics market growth during the next five years
- Estimation of the conformal coating in the electronics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the conformal coating in the electronics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of conformal coating in the electronics market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- By methods
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Automotive electronics – Market size and forecast 2019-2024
- Aerospace and defense electronics – Market size and forecast 2019-2024
- Consumer electronics – Market size and forecast 2019-2024
- Medical electronics – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Acrylic – Market size and forecast 2019-2024
- Silicone – Market size and forecast 2019-2024
- Urethane – Market size and forecast 2019-2024
- Epoxy – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ALTANA AG
- Chase Corp.
- CHT Group
- Daikin Industries Ltd.
- Dow Inc.
- Dymax Corp.
- H.B. Fuller Co.
- Henkel AG & Co. KGaA
- Master Bond Inc.
- Shin-Etsu Chemical Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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