SAN FRANCISCO, September 13, 2016 /PRNewswire/ --
The global conformal coating market is expected to reach USD 15.92 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for conformal coatings in the consumer electronics and automotive industry ow is expected to drive the market growth over the next eight years.
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The market is subject to volatile raw material prices. Increasing concerns regarding high VOC content in these coatings is likely to negate growth. Stringent regulations implemented by various government and federal agencies regarding VOC emissions coupled with rising penetration of water based coatings is likely to have a positive impact on demand over the forecast period.
Growing R&D investments by major industry players to develop unique and innovative products & processing technologies such as selective needle dispensing, ultrasonic coatings and even selective film coatings is expected to simplify application procedure which in turn is expected to increase demand over the forecast period.
Browse full research report with TOC on "Conformal Coating Market Analysis By Product (Acrylic, Urethane, Epoxy, Silicone, Parylene), By Application (Consumer Electronics, Automotive, Medical, Aerospace & Defense) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/conformal-coating-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the conformal coating market on the basis of product, application and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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