Rising demand in Asia-Pacific - the major growth driver for the conformal coatings market. In 2015, Asia-Pacific dominated the conformal coatings market due to rapidly increasing electronics and automotive industries. The Asia-Pacific region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the largest market for conformal coatings globally with major demand from the electronics industry. Complete report on conformal coatings market spread across 196 pages, profiling 11 companies and supported with 162 tables and 61 figures is now available at http://www.rnrmarketresearch.com/conformal-coatings-market-by-type-acrylics-epoxy-urethane-silicone-parylene-and-others-by-end-use-industry-automotive-transportation-electronics-aerospace-defense-industrial-marine-and-others-by-ts-to-2021-market-report.html .
Urethane is the fastest-growing type of conformal coatings. The urethane conformal coatings segment is estimated to be the fastest-growing type in the conformal coatings market. Easy to apply and repair, and resistance to dust, moisture, solvents, high temperatures, and humidity are the key properties of conformal coatings, which make it the preferred material for various applications.
The rising demands for conformal coatings with excellent chemical and corrosion resistant properties drive this segment in the conformal coatings market. Urethane conformal coatings are used in the marine industry, as it offers exceptional chemical and abrasion resistance. Polyurethane conformal coatings offer good dielectric properties with excellent humidity and are cost-effective.
Driven by increasing demand for conformal coatings in emerging markets, the conformal coatings market growth is supported by high demand from the electronics, aerospace & defense, automotive & transportation, industrial, and marine industries according to this new research report. It forecasts the market to reach $12.28 billion by 2021, growing at a CAGR of 4.7% from 2016 to 2021.
Growing innovation & development and rising demand in the industrial sector for novel and improved products are directly affecting the rise in the use of conformal coatings. The excessive growth and innovation, along with industry consolidations, are projected to ascertain a bright future for the industry in the region. Ask for Discount at http://www.rnrmarketresearch.com/contacts/discount?rname=615760 .
In the process of determining and verifying, the conformal coatings market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (37%), Tier 2 (50%) and others (13%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (50%), Director Level (31%) and others (19%) from various key organizations operating in the conformal coatings market. The primary interviews were conducted worldwide covering regions such as North America (31%), Europe (38%), APAC (25%), and RoW (6%).
The key companies profiled in this market research report are Chase Corporation (U.S.), Henkel AG & KGaA (Germany), Illinois Tool Works (U.S.), Shin-Etsu Chemical Company Limited (Japan), Dow Corning (U.S.), H.B. Fuller (U.S.), Electrolube (U.K.), Europlasma NV (Belgium), MG Chemicals (Canada), and Kisco Conformal Coatings (Japan). Make an Inquiry on “Conformal Coatings Market by Type (Acrylics, Epoxy, Urethane, Silicone, Parylene, and Others), by End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Industrial, Marine, and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Trends & Forecasts to 2021” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=615760 .
On a related note, another research titled Antifouling Paints and Coatings Market Global Forecast to 2021 says, the global antifouling paints & coatings market is projected to reach USD 9.22 billion by 2021, at a CAGR of 8.6% between 2016 and 2021. High demand of antifouling paints & coatings from the shipping industry is propelling the growth of this market. The copper-based antifouling paints & coatings segment is the largest type segment in the global antifouling paints & coatings market. Companies like AkzoNobel N.V. (Netherlands), BASF S.E. (Germany), Nippon Paint Marine Coatings Co., Ltd. (Japan), PPG Industries (U.S.), The Sherwin-Williams Company (U.S.), Jotun (Norway), Hempel A/S (Denmark), Chugoku Marine Paints, Ltd. (Japan), Boero YachtCoatings (Italy), and Kop-Coat Marine Group (PETTIT Marine Paint) (U.S.) have been profiled in this 185 pages research report available at http://www.rnrmarketresearch.com/antifouling-paints-and-coatings-market-by-type-copper-based-self-polishing-hybrid-others-application-shipping-vessels-drilling-rigs-production-platforms-others-region-apac-europe-north-america-mea-st-to-2021-market-report.html .
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