Selbyville, DE -- (SBWIRE) -- 01/02/2019 -- A new business intelligence report released by Global Market Insights, Inc. with title "Global Electronic protection device coatings Market Research Report" that targets and provides comprehensive market analysis with future prospects to 2024. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.

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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Electronic protection device coatings market is majorly driven by rise in use of portable electronics, increased demand from automotive electronics applications and decrease in size of printed circuit boards over the last few years. The market is expected to become more diverse in the forecast period as these coated electronic products are available in endless array of sizes and shapes ranging from complex panels, large motherboards, tiny PCB and flexible circuits. These coatings are used in various industries such as automotive, consumer electronics, medical, avionics, military, industrial machine controls, aerospace among others.

Electronic protection device coatings report considers various materials (chemistries) such as acrylic, silicone, polyurethane, epoxy and others (paraxylene, rubber, synthetic rubber, fluoropolymers). The choice of coating used depends upon the the application, operating temperature, curing time, moisture protection among others.

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Acrylic is the most commonly used Electronic protection device coating material in the electronics protection industry (almost 70-75%) as it is available at a cheaper price as compared to other chemistries and have good environment protection properties. They are widely used for coatings PCB's in consumer electronics, appliances and white goods industry. Also, they have wide operating range and can adhere to wide range of substrates such as LED boards, electrical generators, relays, cell phones, avionics among others. The U.S. acrylic coating market for electronic protection is USD 520 million by end of forecast period driven by robust demand of computers, laptops & smart phones and other household electronics.

Silicone coatings are used for elevated temperature applications to protect against moisture, dirt, dust and corrosion. These coatings find applications in automotive electronics, oil & gas, transformer industry and elevated temperature environment. In others, paraxylene coatings is used for aerospace and defense application mainly satellites, spacecrafts & also in medical devices.

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Asia Pacific is the largest electronic protection device coatings market as almost 80-90% of PCB manufactured are made in China, Japan, South Korea, Taiwan, Singapore among others. Asia Pacific is forecasted to be the fastest growing market driven by increased demand of smart electronic appliances, steady demand of white goods and growing industrialization. Also availability of low cost raw material & cheap skilled labor, global companies are shifting their attention to low cost countries such as Malaysia, Thailand, Vietnam among others to set up manufacturing base.

Key players present in the electronic protection device coatings are HB Fuller, Henkel, Dymax, Electrolube, Chase Electronics Coatings, 3M, Elantas, MG Chemicals etc.

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.