The Europe Conformal Coatings Market would witness market growth of 4.8% CAGR during the forecast period (2019-2025).
Key market players are directing their efforts on backward and forward integration to enhance their competitiveness in the market. Companies are also venturing into the distribution channels to aim a cost cutting and access more control on logistics. Further, the presence of manufacturers, suppliers and new entrants in large numbers is making the competition in Conformal Coatings market quite high. Owing to the fast growth of the market, many market players are also adopting the mergers and acquisitions as one of the key strategy to gain a hold on market share thereby strengthening their core competencies.
Rising acceptance of advanced safety-systems, including Advanced braking systems, airbags and Lane Departure Warning systems are predicted to drive the demand in the coming future. Exciting features, like emergency call systems, alcohol ignition interlocks and accident data recorder systems are also becoming popular with increasing adoption would fuel the market growth during the forecast period. The OEMs are focusing on Research & development to come up with innovative products with cost control thereby making big investments. The manufacturers are loading the automotive with safety features based on electronics to make driving a more safe experience.
Based on the Application, the market is segmented into Electronics, Medical, Automotive, Aerospace & Defense and Others. Based on Product, the market is segmented into Acrylic, Silicone, Epoxy, Urethane and Parylene. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Conformal Coatings Market in Europe is expected to register a CAGR of 4.8% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MG Chemicals Ltd., Europlasma NV, H.B. Fuller Company, Shin-Etsu Chemical Co., Ltd., Chase Corporation, Dymax Corporation, Kisco Conformal Coatings, LLC, The Dow Chemical Company (Dow Corning Ltd.), Henkel AG & Company, KGaA and Illinois Tool Works Inc.
Market Segmentation:
By Application
By Product
By Country
Companies Profiled
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