This report studies the Conformal Coating market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
A conformal coating is a very thin protective material applied to a printed circuit board (PCB) on which a plug-in component has been soldered. It can enhance the moisture-proof and anti-fouling ability of electronic circuits and components and prevent erosion of solder joints and conductors. It can also play a role in shielding and eliminating electromagnetic interference and preventing short-circuit of the circuit, and improve the insulation performance of circuit boards. In addition, the protective coating film is also beneficial to the friction and solvent resistance of the circuit and components, and can release the pressure caused by periodic changes in temperature, improve the stability of electronic products, and extend the service life.
First of all, increasing demand for Conformal Coating Market in Consumer Electronics, Automotive & Transportation and Aerospace & Defense coupled with the increasing amount of product is expected to result in the growth of the market.Second,APAC led the global market with over 57% revenue shares in 2017. China may contribute to over 50% shares in the regional market. This can be attributed to low raw material & labor costs in the country. Rising discretionary incomes and changing lifestyles in APAC can drive industries, such as consumer electronics, aerospace, and healthcare. This is anticipated to favor the regional growth. High healthcare & aerospace investments in North America would help the region stand second in the global industry. Greater governmental spending on the defense sector could encourage market growth over the next few years.
The global Conformal Coating market was 1060 million US$ in 2017 and is expected to 1700 million US$ by the end of 2025, growing at a CAGR of 7.0% between 2018 and 2025.
To study and analyze the global Conformal Coating market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Conformal Coating market by identifying its various subsegments.
Focuses on the key global Conformal Coating manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Conformal Coating with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Conformal Coating submarkets, with respect to key regions (along with their respective key countries).
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Conformal Coating market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Further breakdown of Conformal Coating market on basis of the key contributing countries.