Conformal Coatings Market Research 2021: Manufacturer Landscape, Production Value, Industry Research And Growth Analysis 2027
The Conformal Coatings material alludes to a slight polymer film that finds a place with a printed circuit board design for safeguarding the parts. These coatings are planned all together safeguard printed circuit sheets and related hardware against different ecological circumstances like temperature, moistness and compound harm, among others.
ChemIntel360’s global Conformal Coatings market study is a 170+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, end-user industry, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 6.0% over 2021-2026. The leading factor driving growth is the chemical’s extensive use in manufacture of printed circuit boards, the demand for which has witnessed robust growth in light of increasing requirements from automotive and aerospace industries.
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Scope
This study contains global and regional market size data. The numbers are broken down by end use (Electronics, Automobile, Aerospace, Marine, and Others), and by product (Acrylic, Urethane, Epoxy, Silicone, and Paralyene). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Conformal Coatings market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$807.10 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X million and increase to US$X.X million in 2026 at a CAGR of X%. Cumulatively the market is expected to value US$X.X million during the forecast period as compared to US$X.X million during the historical period.
The high demand for conformal covering from the auto business across the globe goes about as one of the central point’s driving the development of conformal coatings market. The ascent in item interest from the buyer gadgets industry for shielding printed circuit sheets from residue, warming and dampness, among other natural effects speed up the market development. The ascent in base of the PCB producing driving the interest for conformal coatings and expansion sought after from top-of-the-line applications requiring conformal covering further impact the market. Moreover, innovative work exercises, general mindfulness among customers, flood in speculations and flood sought after for clinical gear because of COVID-19 episode decidedly influence the conformal coatings market.
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Key Market Players
The key companies profiled in the conformal coatings market are Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemical (Canada) and Specialty Coating System (US).
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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.
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