EPD Coatings Market exhibit growth over 4.6 % by 2025
printed circuit boards over the last few years. The market is expected to become more diverse in the forecast period as these coated electronic products are available in endless array of sizes and shapes ranging from complex panels, large motherboards, tiny PCB and flexible circuits. These coatings are used in various industries such as automotive, consumer electronics, medical, avionics, military, industrial machine controls, aerospace among others.
Electronic protection device coatings report considers various materials (chemistries) such as acrylic, silicone, polyurethane, epoxy and others (paraxylene, rubber, synthetic rubber, fluoropolymers). The choice of coating used depends upon the the application, operating temperature, curing time, moisture protection among others.
Electrification in automotive industry increases demand
Automotive is one of the fastest growing application for electronic protection device coatings market. 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.
Asia Pacific is the largest electronic protection device coatings market as almost 80-90% of PCB manufactured are made in China, Japan, South Korea, Taiwan, Singapore among others. ey players present in the electronic protection device coatings are HB Fuller, Henkel, Dymax, Electrolube, Chase Electronics Coatings, 3M, Elantas, MG Chemicals etc.
The study is available via the website of Global Market Insights.