SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Electronics Conformal Coatings - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 8; Released: January 2022
Executive Pool: 863
Companies: 22 - Players covered include Aalpha Conformal Coatings; ACC Silicones Ltd.; ACL, Inc.; ALTANA AG; Anabond Limited; Avante International Technology, Inc.; Chase Corporation; ConinsPune; Creative Materials, Inc.; CSL Silicones Inc.; DowDupont Inc.; Dymax Corporation; Electro-Lite Corporation; Electrolube; Europlasma NV; H.B. Fuller Company; Henkel AG & ; Co. KGaA; Illinois Tool Works, Inc.; John C. Dolph Company; Master Bond, Inc.; MG Chemicals; Peters Group; Protech Powder Coating Company LLC; Shin-Etsu Chemical Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Acrylic, Silicone, Urethane, Epoxy, Paraxylene)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Automotive Electronics Conformal Coatings Market to Reach $1.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Electronics Conformal Coatings estimated at US$789.4 Million, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Acrylic, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$499.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Silicone segment is readjusted to a revised 3.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $226.7 Million in 2021, While China is Forecast to Reach $214 Million by 2026
The Automotive Electronics Conformal Coatings market in the U.S. is estimated at US$226.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$214 Million by the year 2026 trailing a CAGR of 7.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Urethane Segment to Reach US$182 Million by the year 2026
In the global Urethane segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$101 Million will reach a projected size of US$138.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.