The Latin America, Middle East and Africa Conformal Coatings Market would witness market growth of 6.5% CAGR during the forecast period (2019-2025).
Epoxy conformal coatings exhibit dielectric properties and high resistance to solvents, thereby making it suitable to the application in PCBs (Printed Circuit Boards) and in electronic devices. Epoxy conformal coatings are inelastic and show abrasion resistance making it of high worth for utilizing in circuit boards and home appliances manufacturing.
Conformal coatings find its application majorly in automotive electronics manufacturing, as they helps in lessening the mechanical stress and vibrations. Rising automotive industry for enhanced experience by consumers is expected to supplement the demand for automotive electronic devices in coming future. The product demand in medical application is anticipated to ascend at a significant CAGR over the forecast period. Also, in medical application, the increasing demand for conformal coatings based devices such as therapeutics, respiratory care, and imaging systems would fuel the market further.
Based on the Application, the market is segmented into Electronics, Medical, Automotive, Aerospace & Defense and Others. Based on Product, the market is segmented into Acrylic, Silicone, Epoxy, Urethane and Parylene. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Conformal Coatings Market in LAMEA is expected to register a CAGR of 6.5% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MG Chemicals Ltd., Europlasma NV, H.B. Fuller Company, Shin-Etsu Chemical Co., Ltd., Chase Corporation, Dymax Corporation, Kisco Conformal Coatings, LLC, The Dow Chemical Company (Dow Corning Ltd.), Henkel AG & Company, KGaA and Illinois Tool Works Inc.
Market Segmentation:
By Application
By Product
By Country
Companies Profiled
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