Global Conformal Coatings Equipment To Grow At 5.3% CAGR Over 2018-2022

Date: 2018-05-04

Conformal Coatings Equipments are used in Conformal coating, Conformal coating material is a thin polymeric film which ‘conforms’ to the contours of a printed circuit board to protect the board’s components. Typically applied at 25-250 μm it is applied to electronic circuitry to act as protection against moisture, dust, chemicals, and temperature extremes that, if uncoated (non-protected), could result in damage or failure of the electronics to function.

The growth of Conformal Coatings Equipment can mainly attributed to the growing production of vehicles and increasing density of traffic leads to cause number of vehicle collisions more frequently, according to research, global Conformal Coatings Equipments are expected to grow at a CAGR of 5.3% during 2018-2022.

Asia Pacific is estimated still dominated the market, which accounted for over 45% of share globally, China and India are the growth frontiers for the Conformal Coatings Equipment market owing to the growing demand for vehicles from, in addition to the growth of consumer electronics, and aerospace and defense sectors has contributed to the growth of the conformal coating material in the Asia Pacific region. The market in Asia Pacific is expected to register a CAGR of 6.8% in terms of value over the forecast period.

In terms of Conformal Coatings Equipment types, Conformal Coatings Equipment basically can be Horizontal Automated, Vertical Automated, Alcohol Recovery and Filtration Systems and compact system and others. According to research, the Horizontal Automated systems are leading the market.

Base on application, the passenger car segment led the refinish paint market for automotive and is expected to maintain its dominance during the forecast period. Aerospace and defense and consumer electronics sector, and growing demand for highly reliable electronic devices and equipment are the major drivers for the conformal coating equipments market.

The global leading companies in Conformal Coatings Equipment market are Glenro, Para Tech Coating, Nordson Corporation, Paratronix, ANDA, Dymax Corporation among others.

Global Conformal Coatings Equipment market share by region as following:

Read Full Report: http://www.gosreports.com/global-conformal-coatings-equipment-market-research-report-2018/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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