Materials and Chemicals Conformal Coatings Market Trends 2019 by Reports a

1 Conformal Coatings Market To Reach USD 15.25 Billion By 2026 The growth of the market is driven by the increase in demand from emerging markets for conformal coatings and high demand for printed circuit boards in the automotive & transport and electronics industries. Market Size – USD 10.59 billion in 2018, Market Growth - CAGR of 4.5%, Market Trends –Increase in demand for electronics and automotive & transportation industries. The Conformal Coatings Market is forecast to grow from USD 10.59 billion in 2018 to USD 15.25 billion by 2026, at a CAGR of 4.5%, during the forecast period. The market is driven by the increase in demand from emerging markets for conformal coatings and high demand for printed circuit boards in the automotive & transport and electronics industries. Conformal coatings consists of unique properties like high resistance to dust, salts, moisture, corrosion, high temperature and humidity and increase in reliability of electronic equipment by 5 years. Costly replacement and repair in the event of damage and technological constraints in the application, preparation and drying of conformal coatings are the major restrictions for the market. Major players in the industry are focusing on integrating their operations by entering the manufacturing and distribution sectors of raw materials to gain a competitive edge in the market. Companies have adopted partnerships, agreements and collaboration to expand their market share and distribution network in addition to new product development and expansion. Further key findings from the report suggest  The Conformal Coatings Market is forecasted to grow from USD 10.59 billion in 2018 to USD 15.25 billion by 2026, at a CAGR of 4.5%, during the forecast period. The market is driven by the increase Follow us:

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