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Automotive Conformal Coatings Market: Introduction

  • Conformal coatings are polymeric coatings applied in thin layers on printed circuit boards to protect and electrically insulate the components from environmental stresses. The coatings can be sprayed, brushed, or flow-coated.

Key Drivers of Automotive Conformal Coatings Market

  • Rise in per capita GDP and disposable income of global population has led to a rise in the number of vehicles in use. International Organization of Motor Vehicle Manufacturers (IOCA) stated that in 2015, the motorization rate was 471 per 1000 inhabitants. Increase in disposable income has also led to a change in lifestyle of people and consequently, transformed customer expectations related to vehicle safety, comfort, luxury, convenience, and entertainment. Consequently, changing customer expectations are prompting automakers to consistently develop their vehicle models and subsequently, boosting the number of electronic devices integrated per vehicle. Thus, an increase in number of electronic components to cater the changing customer demand is driving the automotive conformal coatings market across the globe.
  • The automotive electronics industry has evolved rapidly during the last decade. The average mid-range vehicle is positively brimming with technology; from safety features such as lane sensors and adaptive cruise control, to in car entertainment and navigation. This integration of various electronic devices assist automakers to comply with various regulations related to emission and safety.

Challenges in Automotive Conformal Coatings Market

  • Multiple restrictions have been enacted on the use of specific chemicals in automobiles. The list of prohibited substances for usage in automotive applications is rising, which poses a challenge for conformal coatings manufacturers to develop and utilize environment-friendly solvents.

Impact of COVID-19 pandemic on automotive conformal coatings market

  • The recent pandemic of COVID-19 has disrupted automotive supply chains, thus creating a shortage of raw materials and components. Moreover, electronic chip makers were severely impacted, creating an acute shortage of electronic chips. This, in turn, led to the reduction of vehicle production worldwide and hampered the global automotive conformal coatings market.

Opportunities in Automotive Conformal Coatings Market

  • Smart and electric vehicles are rapidly emerging in the market. These vehicles are equipped with more number of electronic devices that monitor, communicate, and regulate the key aspects of driving a vehicle. This emergence of next-generation vehicles is estimated to offer considerable opportunity for the automotive conformal coatings market during the forecast period.

Asia Pacific to hold significant share of global automotive conformal coatings market

  • The presence of leading automobile manufacturers in major countries across Asia Pacific, such as China, Japan, South Korea, and India, fuel the demand for automotive parts and electronic components. Global electronic chip makers have established their presence in countries in Asia, such as Taiwan and Japan, in order to cater to the rising demand from automakers. These factors propel the automotive conformal coatings market in Asia Pacific.

Key Players Operating in Automotive Conformal Coatings Market

The global automotive conformal coatings market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the automotive conformal coatings market are:

  • AI Technology, Inc.
  • Chase Corp
  • Chemtronics
  • Dow
  • Dymax
  • Electrolube
  • H.B. Fuller
  • Henkel AG & Co. KGaA
  • Master Bond Inc.
  • Momentive

Global Automotive Conformal Coatings Market: Research Scope

Global Automotive Conformal Coatings Market, by Chemistry

  • Acrylics
  • Urethanes
  • Silicones
  • Hybrid Coatings
  • Water-Based Coating
  • Others

Global Automotive Conformal Coatings Market, by Application

  • In-cabin Electronics
  • Under the hood Electronics
  • Exterior electronics

Global Automotive Conformal Coatings Market, by Vehicle Type

  • Two-wheeler
  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicle
  • Light Duty Vehicles
  • Medium & Heavy Trucks
  • Buses & Coaches

Global Automotive Conformal Coatings Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Conformal Coatings Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Automotive Conformal Coatings Market

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