Markets and Markets Limited

01/14/2021 | Press release | Distributed by Public on 01/14/2021 02:18

Automotive Conformal Coatings Market worth $2.7 billion by 2025

The report 'Automotive Conformal Coatings Market by Material (Acrylic, Silicone, Epoxy, Polyurethane, Parylene), Component (ECU, PCB, Sensor, Battery Casing, LED and Infotainment System), Application Method, Vehicle Type, EV, Region - Global 2025', The global automotive conformal coatings market post-COVID-19 is projected to reach USD 2.7 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 8.7%. The growth of this market is primarily driven by the increasing automotive electronics in vehicles and various technological advancements in the application method of conformal coating.

Browse 111 market data Tables and 50 Figures spread through 165 Pages and in-depth TOC on 'Automotive Conformal Coatings Market by Material (Acrylic, Silicone, Epoxy, Polyurethane, Parylene), Component (ECU, PCB, Sensor, Battery Casing, LED and Infotainment System), Application Method, Vehicle Type, EV, Region - Global 2025'
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-conformal-coatings-market-11900039.html

'Acrylic to be the largest segment, by material type.'

Acrylic is estimated to be the largest market by the material during the forecast period. The key driver for acrylic dominating the market can be attributed to its cheaper cost than other available coatings and no special requirement of any additional equipment for its application. Moreover, it provides protection to sensitive components against a broad level of contaminations. These factors are expected to drive the market growth of the acrylic segment near future.

'Sensor to be the fastest-growing segment for automotive conformal coatings market, by component.'

Automotive require data to transport passengers safely and efficiently. Sensors help provide the data for control, adaptation, and the response of vehicle functions that increase safety, comfort, and efficiency. Sensors have applications in airflow, speed, coolant, camshaft position, and throttle position. The coating of the sensor is necessary as they operate in a challenging working environment.

'Asia Pacific is estimated to be the largest market for automotive conformal coatings market.'

The Asia Pacific is the largest vehicle producer across the globe, with increasing government focus on mandating safety and increasing demand for comfort features. This leads to the growing number of ECUs, PCBs, sensors, and LEDs in vehicles. The high growth rate of these components is expected to attract new investments and expansions from regional and global conformal coating suppliers to cater to this increase in demand.

The automotive conformal coatings market is led by globally established players such as Dow (US), Henkel (Germany), Chase Corporation (US), H.B. Fuller (US), and Electrolube (UK). These companies adopted several strategies to gain traction in the growing automotive conformal coatings market.

Don't miss out on business opportunities in Automotive Conformal Coatings Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the 'Growth Engagement Model - GEM'. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write 'Attack, avoid and defend' strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, 'Knowledgestore' connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]