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Electronic Protection Device (EPD) Coatings Market to witness steady growth during 2019 - 2025

Author : Rahul Varpe | Published Date : 2019-05-01 

Global Market Insights provides a detailed overview of Electronic Protection Device (EPD) Coatings market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Electronic Protection Device (EPD) Coatings market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Electronic protection device (EPD) coatings are polymer based liquid coatings which are applied on printed circuit boards to make it electrically insulated. These coatings also protect the electrical components from harsh surroundings such as chemicals, moisture, debris and dust. Few prominent coating techniques including dipping, brushing and manual spray are expected to witness robust growth in EPD coatings market by 2025.

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The significant factor encouraging the global electronic protection device coatings market has been the rising popularity of portable electronics in the recent years. Surging demand for portable electronics particularly in the automotive application will boost the industry over the forecast timespan. Asia Pacific automobile industry had the highest share in global automobile sale (passenger cars, light commercial vehicles, trucks) with China, India, Australia, Japan, South Korea, Indonesia and Malaysia accounting for over 43 million units in 2017. In 2005, China reported a total of 5.7 million vehicles, which increased to 29 million vehicles in 2017. Indian automobile sector exhibited strong growth after 2010, with 4 million automobile sales in 2017. Such trends indicate strong scope for automobile industry in Asia Pacific, which presents brighter growth aspects for regional EPD coatings market by 2025.

Electronic Protection Device Coatings Market is estimated to diversify in projected timeframe as electronic protection device coatings products are readily available in endless range of shapes and size from large motherboards, complex panels, flexible circuits and tiny PCB. These coatings products will observe robust demand from various industries including automotive, medical, consumer electronics, avionics, aerospace, industrial machine controls, military among others.

Asia Pacific electronic protection device coatings market is projected to grow with increase in demand for smart electronic appliances. The continuous demand from various end-user industries will exponentially propel the market over the forecast period. Leading global market players in electronic protection device coatings include: Henkel, HB Fuller, Dymax, Chase Electronics Coatings, Electrolube, 3M, MG Chemicals, Elantas etc.

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Dipping process is projected to grow with a significant CAGR over 4% by 2025 in electronic protection device coatings market, owing to its growing usage for low volumes and suitable for coverage on composite parts. Brushing process method involves less investment and will witness substantial demand in the near future. Manual spray method is projected to have strong growth with CAGR of close to 5% over the forecast timespan, for its suitability in complex boards designs. Automatic spray was the second largest growing segment in 2017. This method will cater to wide array of applications from consumer electronics to industrial electronics by 2025, for it enables significant material saving and exhibits uniform coats.

Automotive held significant market share in the overall protection device coatings market in 2017. The segment has been mainly driven by the rise in demand for luxury car sales and rapidly advancing technology that essentially requires electronics parts. For instance, total automotive sales in Europe for: Germany, France, Italy, Spain, UK and Russia surpassed sales of 14 million units in 2017.

Acrylic based coating material is likely to be the fastest growing segment in electronic protection device coatings market by 2025.The fastest growth will be attributed to their lower prices and the unique protection properties which will make them highly desirable for electronic protection industry by 2025. Acrylic based coatings will have substantial demand from consumer electronics industry in the near future. In addition, it holds the capacity to adhere varied array of substrates like cell phone, LED boards, electrical generators, relays, among others and have extensive operating range. The U.S. acrylic coatings market is estimated to surpass approximately USD 520 million by 2025, driven by high regional demand for laptops, computers, household electronics and smart phones.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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