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EPD Coatings Market to garner extensive remuneration from automotive application

Author : Rahul Varpe | Published Date : 2019-03-12 

Automotive is one of the fastest growing application for EPD Coatings Market, as the market is primarily driven by increased demand for safety & comfort features, rise in luxury car sales especially in developing economies & rapid technological advancements which require heavy use of electronics.

It is estimated that by 2024, the global car market would reach more than 110 million worldwide driven by electrification in automotive industry especially innovation in electric and hybrid vehicles, recovery of European markets mainly Russia and Ukraine, steady demand from Asian countries especially India, Malaysia. Overall the demand of electronic protection device coatings is expected to grow by 4-5% each year till the forecast period in the automotive application.

EPD Coatings Market will surpass USD 20 billion by 2025; according to a new research report by Global Market Insights. 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.

To access a sample copy or view the EPD Coatings Market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2555

Acrylic based coating material is likely to be the fastest growing segment in EPD 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.

Dipping process is projected to grow with a significant CAGR over 4% by 2025 in EPD 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.

Asia Pacific EPD 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.

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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