Conformal Coating Market Size Likely to Grow $15.92 Billion By 2024

â&#x20AC;&#x153;Rising demand for conformal coatings in the consumer electronics and automotive industry ow is expected to drive the market growth over the Forecast Periodâ&#x20AC;?

Global Conformal Coating Market is expected to reach USD 15.92 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for conformal coatings in the consumer electronics and automotive industry ow is expected to drive the market growth over the next eight years. Access for Full Detail of Report on Conformal Coating Market: http://www.grandviewresearch.com/industry-analysis/conformal-coating-market The market is subject to volatile raw material prices. Increasing concerns regarding high VOC content in these coatings is likely to negate growth. Stringent regulations implemented by various government and federal agencies regarding VOC emissions coupled with rising penetration of water based coatings is likely to have a positive impact on demand over the forecast period.

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Conformal Coating Market Size Likely to Grow $15.92 Billion By 2024

Published on Mar 7, 2017

Dhanashree

Global Conformal Coating Market is expected to reach USD 15.92 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for conformal coatings in the consumer electronics and automotive industry ow is expected to drive the market growth over the next eight years. The market is subject to volatile raw material prices. Increasing concerns regarding high VOC content in these coatings is likely to negate growth. Stringent regulations implemented by various government and federal agencies regarding VOC emissions coupled with rising penetration of water based coatings is likely to have a positive impact on demand over the forecast period. Growing R&D investments by major industry players to develop unique and innovative products & processing technologies such as selective needle dispensing, ultrasonic coatings and even selective film coatings is expected to simplify application procedure which in turn is expected to increase demand over the forecast period.