The global consumer electronic coatings market was valued US$ 16.28 Bn in 2019 and is anticipated to reach US$ 20.48 Bn by 2027, at a CAGR of X% during a forecast period.
Consumer electronics are the electronics good specifically manufactured electronics good for the application in day to day life in home-based as well as workplace sector which includes entertaining purpose goods like DVD players, video games, remote control gadgets, advanced and flat TVs, and home-office devices such as paper shredders, printer, fax machines, tea and coffee making filters, desktop computers; Communication devices such as cell phones, laptops, telephones, and others; where coating must enhance the product life cycle and hence, consumers electronic coating play important role to protect them from being corrosive, dust, resistance towards unfavourable condition such as extreme temperature and moisture.
The report study has analyzed the revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Major sector where consumer electronic coatings are essential is LEDs, digital displays, capacitors, MEMS, sensors, wafers, metal components and printed circuit boards & assemblies as these listed electronics components are in huge demand in the electronic industries to produce required consumer’s electronic goods is leading the demand for anti-reactive coating for the end product and hence driving the global consumer’s electronics coating market in terms of value and volume. Growing awareness regarding advanced coating with superior quality in terms of protecting the devices from getting affected by the unfavourable environmental condition expected to remain the market unhampering factor for long. Automakers demanding for coatings that do not change color with the time span, especially in metallic coating is driving the success of market in the coming years. Noticeable growth registered by the electronic industries across the globe is helping the consumers electronic market to emerge into domestic as well as international electronic industry in numerous sectors. For instance, automotive, aerospace, military, and others. Emerging communication devices with advanced technology highly urging for attractive and anti-reactive coating which includes mobile and cell phone. Wireless phones are the crucial amongst the military sector for the easy communication, advanced and well-established military industry is also responsible for consumer electronic coating growth.
Consumer electronic coatings is also in demand to guard printed circuit boards from humidity, chemicals, temperature, and salt spray, with the intention of preventing electrical failures, fungus development, corrosion, and others. These consumer electronic coatings exhibit protection to the electrical devices by providing advanced power and earlier track spacing allowing engineers to encounter the request of miniaturization and consistency.
Moreover, presence of substitutes and stringent regulation for the activity is expected to hinder the global consumer electronic coating market growth during the forecast period.
Consumer Electronic Coatings Market Segment analysis:
By application, telecommunication electronic end-user segment is probably expected to develop at a constant rate. It is the most dominating segment amongst other and expected to secure a share of 40% by the end 2027. The key application of targeted segments observed in smartphones, telephones and thus, the growth in demand for above mentioned sectors is expected to have a positive impact on the demand for consumer electronic coatings in the coming years. As consumer electronic coatings have high strength, durability with excellent anti corrosive properties is ruling the market growth. Furthermore, the growth in adoption of smartphones across the globe is expected to broaden the market demand in near future and expected to boost the market growth during the forecasted years.
Consumer Electronic Coatings Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the consumer electronic coatings market and is expected to grow at a CAGR of XX % during the forecast period. Developing regions like India, China, and Japan are considered the major contributors for the consumer electronic coatings market growth in the Asia Pacific region. India, China, and Brazil are focusing mainly on improving their infrastructure and promoting their manufacturing industry, which will increase the coatings demand and ultimately drive the consumer electronic coatings market size by 2027. In 2019 market size was calculated US$ XX Bn while in China, market size was valued US$ XX Bn and expected to increase by US$ XX Bn in the coming years. Furthermore, recent covid-19 pandemic outbreak will negatively hinder the market growth in Asia Pacific region. After APAC, Europe region will also generate several implausible growth openings to the overall market in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Consumer Electronic Coatings Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Consumer Electronic Coatings Market dynamics, structure by analyzing the market segments and project the Global Consumer Electronic Coatings Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Consumer Electronic Coatings Market make the report investor’s guide.
Scope of Consumer Electronic Coatings Market
Global Consumer Electronic Coatings Market, By Process
• Manual Spray
• Automatic Spray
Global Consumer Electronic Coatings Market, By Application
• Aerospace & Defense Electronics
• Appliance Controls Electronics
• Telecommunication Electronics
• Automotive Electronics
Global Consumer Electronic Coatings Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Consumer Electronic Coatings Market,
• Henkel AG
• HB Fuller
• MG Chemicals
• Chase Corporation
• Dow Corning
• Dymax Corporation
• Specialty Coatings Systems
• Illinois Tool Work
• Shin-Etsu Chemicals
• Chase Corporation
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