Conformal Coatings Market to Reach USD 12.3 Bn by 2013, Forecasts M&M in Its Report Available at MarketPublishers.com05 Jul 2016 • by Natalie Aster
LONDON – Urethane conformal coatings form the swiftest growing segment of the total conformal coating marketplace. This can be attributed to the demand growth given rising awareness of excellent chemical and corrosion resistant qualities such as coatings have.
As of 2015, APAC held the dominating position in the global marketplace due to meteoric rise seen in automotive and electronics industries. This region is expected to grow at the highest tempo in the upcoming years, and India and China with their high demand will support the growth.
China is the world’s largest market on a global level, and the demand for conformal coatings is particularly high in the local electronics industry.
The global marketplace is forecast to grow at a CAGR of just under 5% over the period 2016-2021. It will be worth approximately USD 12.3 billion by 2021.
The market is ruled by such players as Dow Corning, Chase Corporation, H.B. Fuller, to name a few.
The research report “Conformal Coatings Market by Type, by End-Use Industry, by Region - Global Trends & Forecasts to 2021” drawn up by M&M is an insightful source of valuable data on the world’s conformal coating marketplace. The study draws up a detailed picture of the latest trends and developments in this market. It casts light on factors that drive its growth or restrain it. The report delves deep into opportunity the market has and challenges it has to cope with. The research study discusses industry trends and limelights competition in the marketplace. Performance of the market across regions and major countries is discusses in the report, too. The study profiles top companies and includes future projections for the marketplace.
More in-demand research reports by M&M can be found at its page.