According to the research report titled ‘Conformal Coatings Market Share, Size, Trends, Industry Analysis Report, By Material Type; By End-use, By Regions, Segments & Forecast, 2019 – 2026’, available with Market Study Report, conformal coatings market is predicted to grow at 5.8% CAGR during 2019-2026, subsequently accounting for USD 17.3 billion by the end of the forecast duration.
 

As per the findings of the report, flourishing consumer electronics industry, technological advancements in medical equipment, and introduction of driverless cars are augmenting conformal coatings market size. Moreover, rising disposable incomes, coupled with increasing penetration of sleek electronic devices, including smartphones and laptops among other gadgets are further propelling the industry expansion.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2963763/
 

Growing environmental concerns, along with shifting preference of device fabricators and PCB (printed circuit board) assemblers towards green chemicals has impelled product adoption, which in turn is stimulating conformal coatings market outlook.
 

For those unaware, conformal coatings refer to the chemical or polymeric films that are applied to electronic circuitry for protection against moisture as well as chemical contaminants. They are responsible for maintaining insulation cover and sustaining the functional integrity of the circuit board. Thus, protective characteristics, along with high efficiency of the coatings will continue to stimulate product demand throughout the analysis period.
 

Speaking of material type, conformal coatings market is divided into parylene, silicon, urethane, epoxy, acrylic, and others. Among these, acrylic segment is expected to emerge as a major revenue generator for the market over 2019-2026.
 

Proceeding further, the end-user terrain of the industry is bifurcated into medical, marine, industrial, aerospace & defense, automotive, and consumer electronics among others. Industry experts cite that the automotive segment is touted to amass substantial growth through 2026, owing to escalating demand for hybrid as well as electric vehicles.
 

Regionally, the industry vertical is fragmented into Middle East & Africa, Asia-Pacific, Latin America, North America, and Europe. The country wise bifurcation of the business sphere comprises of Brazil, Mexico, Japan, China, India, Germany, United Kingdom, France, U.S., and Canada.
 

Top-tier firms defining the global conformal coatings market trends are Akzo Nobel N.V., Jotun Group, The Valspar Corporation, Kansai Paint Company Ltd., Henkel AG & Co. KGaA, Sherwin-Williams Company, Dow Silicones Corporation, H.B. Fuller Company, KISCO Conformal Coating LLC, and Electrolube Ltd.