Based on material type , the acrylic conformal coating segment is expected to dominate the market in the near future . Acrylic conformal coatings are easy to apply and the easiest to rework . Additionally , these provide high resistance from abrasion , chemicals , and moisture ; take less time to cure , and are available at low cost . These are the key factors encouraging the use of acrylic conformal coatings across industries .
Apart from the electronics industry , demand for conformal coatings is increasing in the automotive electronics segment . Electronics installed in vehicles are exposed to chemical contaminants , harsh working conditions , moisture , dust , and vibration . These factors necessitate the use of conformal coatings on automotive electronics to ensure their better performance and longevity .
Automotive manufacturers strive to offer high quality and reliable smart vehicles at competitive prices . This prevalent trend in the automotive industry in turn is bolstering demand for conformal coatings in the industry .
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Global Conformal Coatings Market : Regional Outlook
Regionally , North America dominates the global conformal coatings market . The market in the region is expected to expand at the highest CAGR during the forecast period . High demand for conformal coatings in industries located in countries such as Canada , Mexico , and the U . S . contributes to the growth of the conformal coatings market in North America . The U . S . holds the largest market share in North America .
Enterprises operating in the global conformal coatings market witness lucrative opportunities in Asia Pacific . The strategic initiatives adopted by companies to gain customers have proven beneficial for the expansion of the conformal coatings market in the region . The rapid expansion of the electronics industry in the region has also contributed to the growth of the conformal coatings market in Asia Pacific .