MRO Magazine

Global Conformal Coatings Market Worth USD 12.28 Billion by 2021 – Increasing Demand in Emerging Markets – Research and Markets


June 27, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Conformal Coatings Market by Type, by End-Use Industry, by Region – Global Trends & Forecasts to 2021” report to their offering.

The global conformal coatings market is estimated to reach USD 12.28 Billion by 2021, registering a CAGR of 4.7% between 2016 and 2021.

The market is driven by increasing demand for conformal coatings in emerging markets and high demand from printed circuit boards in electronics and automotive & transportation industries. Conformal coatings have unique properties, such as high resistance to dust, moisture, salts, corrosion, high temperature, and humidity and they increase the reliability of electronic equipment by 3 to 5 years.

China is the largest producer of conformal coatings worldwide with the presence of manufacturing sites of major industry players in the country. China and the U.S. have majority of the conformal coatings manufacturing plants. Most of the big players are backward integrated and have the competitive advantage over other manufacturers. The threat of new entrants is high in China, India, and other Asia-Pacific countries due to low cost of raw material and labor coupled with low requirement of technical know-how.

Expensive replacement and repairing in case of damage and technological restraints in the preparation, application, and drying of conformal coatings are two major restraints of the conformal coatings market.

Companies Mentioned:

  • ACC Silicones Ltd.
  • ACL Staticide
  • Aalpha Conformal Coatings
  • Altana AG Electrical Insulation
  • Anabond Limited
  • Avante International Technologies
  • CSL Silicones Inc.
  • Chase Corporation
  • Conins Pune
  • Creative Materials.
  • (15+ Others)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Conformal Coatings Market, By Type

8 Conformal Coatings Market, By End-Use Industry

9 Conformal Coatings Market, By Region

10 Competitive Landscape

11 Company Profile

For more information visit http://www.researchandmarkets.com/research/dq9d99/conformal

Research and Markets
Laura Wood, Senior Manager
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