Sellbyville, DE -- (SBWire) -- 11/28/2018 --The qualitative research study conducted by Global Market Insights, Inc. titled "EPD Coatings Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global EPD Coatings Market.
Electronic Protection Device Coatings Market size will surpass USD 20 billion by 2025; according to a new research report by Global Market Insights, Inc. Electronic protection device coatings are the polymers that are applied to printed circuit boards (PCB) in thin layers to electrically insulate and protect the components from environmental stresses such as moisture, chemicals, dust, debris etc. These coatings can be applied by various techniques which are majorly brushing, dipping, manual spraying or automatic spraying.
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Thriving on the cusp of transitional technology trends, electronic protection device coatings market has diversified its application landscape to a mammoth range of domains, consumer electronics being at the helm. Testament of the fact is the 50-55% dominance of consumer electronics sector in EPD coatings industry share in 2017. In an era where portable electronic devices have practically penetrated almost every sector, the business space certainly stands in a position to gain remarkable monetary benefits over the ensuing years.
Speaking of its growth prospect, is prudent to mention that the increasing occurrence of liquid damage on smartphones is undoubtedly one of the pivotal factors that has acted as a catalyst in EPD coatings market expansion. As per reliable estimates, more than 800,000 smartphones get damaged everyday around the world, which ultimately leads up to a valuation of almost USD 90 billion annually. In fact, liquid damage is touted to be the second most prevalent reason that demands a smartphone's replacement or repairing. Amidst this somewhat distressing scenario, electronic protection devices coating market has conveniently gained a renewed attention over the recent years. Incidentally, this has also prompted established EPD coatings industry giants and various academia to bring forth groundbreaking innovations in the business space.
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In this regard, researchers of Suzhou Institute of Nano-Tech and Nano-Bionics (SINANO), the Chinese Academy of Sciences has recently brainstormed a novel piezoresistive and super hydrophobic coating for protecting wearable sensing devices. Reportedly, this extremely flexible multifunctional smart coating is fabricated by spray coated MWCNTS (multiwalled carbon nanotubes) dispersed in cyclohexane and thermoplastic elastomer solution, and finally followed by a treatment with ethanol. These advanced coatings not only ensure water resiliency, but are also claimed to respond better to bending, torsion, stretching. Experts are already raving about the technology, claiming it to be disruptive in the entire electronic protection device coatings industry.
Once being fully commercialized, this multifunctional coating is deemed to amass a huge popularity in flexible sensor sector, as it exhibit properties that absolutely suit sensor applications. Allegedly, this extensive research work has been supported by the Science Foundation for Distinguished Young Scholars of Jiangsu Province, and the National Natural Science Foundation of China. The initiative also brings to light the fact that nanocoating technologies are making a profound headway in electronics protection device industry nowadays.
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Speaking of the regional aspect, the Asia Pacific belt has turned out to be a potential hotbed for EPD coatings industry players, primarily influenced by the robust PCB industry growth across these regions. In fact, nearly 80% to 90% of PCB are manufactured in APAC countries like Japan, China, Taiwan, and Singapore. The upsurge in domestic demand for protecting these PCBs has sent out waves of anticipation across EPD coatings manufacturers' community. Citing an instance, globally acclaimed chemical giant Dow Chemical has recently unveiled its complementary portfolio of advanced release coatings solutions at LABELEXPO Southeast Asia.
Dubbed as Dow's Syl-Off™, this latest silicone based release coatings range has been especially brought forth by the company to address APAC's increasing demand. If repots are to be relied on, Dow has incorporated high performance solvent coating including the likes of Syl-Off™ LTC 750A that are claimed to be exceptional in bonding touchscreen displays of mobile phones. Also, as per the official confirmation, these range of coatings can be also deployed in electronic vehicles, for its improved durability and optical characteristics.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
EPD Coatings Market Regional Growth & Forecast 2018-2024 by Top Manufacturers – Henkel, Electrolube, Chase Corporation, MG Chemicals, Dow Corning, Dymax Corporation
Automotive is one of the fastest growing application for EPD Coatings Market, as the market is primarily driven by increased demand for safety & comfort features, rise in luxury car sales especially in developing economies & rapid technological advancements which require heavy use of electronics.