The North America Conformal Coatings Market would witness market growth of 5.26% CAGR during the forecast period (2019-2025). The rise in demand for durable electronic devices along with the increase in requirement for automation platforms across sectors is fuelling the market growth for Conformal Coatings globally. In addition the strong market penetration of the product across number of industries and advanced technologies deployed for product manufacturing is further augmenting the demand of the Conformal coatings in the market.
The conformal coating market worldwide is very fragmented and witnesses the presence of a number of manufacturers namely Chemtronics, Henkel AG & Company, and Shin-Etsu Chemical Co., Ltd. among others. The leading players are focusing on product innovations thereby making investments in R&D to gain edge over the competitors. With the on-going environmental concern worldwide, the chemical industry as a whole is focusing on innovating environmental friendly products. For Instance, in 2017, Electrolube demonstrated its technical skill in specialist electro-chemicals with an assortment of novel encapsulation resins and conformal coatings. Also, the strict government norms for abatement of environment pollution are promoting the manufacturing and usage of eco-friendly products.
Various government and federal agencies such as, U.S. Environmental Protection Agency, U.S. Occupational and Health Administration (OSHA), and National Institute for Occupational Safety and Health (NIOSH) have exercised regulations pertaining to the VOC emissions into the surroundings thereby raising concerns for environmental pollution. Such stringent regulations may act as restraints for the market participants.
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Conformal Coatings Market in North America is expected to register a CAGR of 5.26% 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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