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Electronic Protection Device (EPD) Coatings Market Analysis

  • Report ID: GMI2555
  • Published Date: Oct 2024
  • Report Format: PDF

Electronic Protection Device Coatings Market Analysis

The acrylic material segment will capture USD 10.6 billion and demonstrate a 4.7% CAGR through 2032. Acrylic coatings offer several benefits for repair work and various industrial applications. They readily dissolve in numerous organic solvents, providing excellent chemical resistance. These coatings dry quickly and demonstrate superior fungus resistance compared to alternative materials. During the curing process, acrylic coatings emit minimal heat, making them suitable for use in diverse end-user segments, including consumer electronics and white goods.
 

Silicone coatings are widely used, particularly for high-temperature applications ranging from -55°C to +200°C. These coatings offer several advantages, including high humidity resistance, excellent thermal strength, and a low heat dissipation factor. Additionally, silicone coatings can adhere effectively to various PCB materials, making them versatile for different electronic applications.
 

Global Electronic Protection Device (EPD) Coatings Market Revenue Share, By Mode of Application, (2023)

The manual spray segment held a 55.5% market share in 2023, amounting to USD 10.5 billion, and is projected to grow at a 4.9% CAGR from 2024 to 2032. The manual spray method has gained significance in recent years due to its ease of use, low investment requirements, and ability to coat complex board designs. However, this process presents challenges in maintaining consistent thickness and often requires multiple coats.
 

Automatic spray is an alternative coating method that offers several benefits, including uniform coat application, material conservation, and high throughput. This technique is versatile, catering to a wide range of applications in both consumer and industrial electronics sectors.
 

U.S. Electronic Protection Device (EPD) Coatings Market Size, 2021 - 2032 (USD Billion)

The U.S. electronic protection device coatings market is projected to surpass USD 1.7 billion, with a CAGR of 4.5% from 2024 to 2032, driven by technological advancements and sustainability demands. Increasing integration of smart technologies and IoT devices is elevating the need for advanced coatings that enhance durability and performance. Manufacturers are investing in research and development to create formulations that provide superior protection against environmental factors, such as moisture and corrosion.
 

Sustainability is becoming a critical focus, with a shift towards eco-friendly materials and processes. Regulatory pressures are prompting companies to adopt greener practices, leading to innovations in low-VOC and water-based coatings. Additionally, automation and smart manufacturing are streamlining production, reducing costs, and improving consistency in application.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market for electronic protection device coatings was reached USD 18.9 billion in 2023 and is estimated to grow at a 4.6% CAGR from 2024 to 2032, driven by the steady expansion of the automotive electronics and consumer electronics industries.

The acrylic material segment will capture USD 10.6 billion and demonstrate a 4.7% CAGR through 2032 due to their excellent chemical resistance, quick drying, and superior fungus resistance.

The manual spray segment held a 55.5% market share in 2023, amounting to USD 10.5 billion, and is projected to grow at a 4.9% CAGR from 2024 to 2032, owing to its ease of use and low investment requirements.

The U.S. market for electronic protection device coatings is projected to surpass USD 1.7 billion, with a CAGR of 4.5% from 2024 to 2032, driven by technological advancements and sustainability demands.

The key players in the electronic protection device coatings market include 3M Company, Chase Corporation, Dow Corning, Dymax Corporation, Electrolube, H.B. Fuller, Henkel AG, Kisco, MG Chemicals, PPG Industries.

Electronic Protection Device Coatings Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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