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Conformal coating is a chemical or polymer coating type that helps protect the circuit board from any adverse or abrasive environment. The coating also aids in keeping the circuit away from any chemical contaminants. The global conformal coatings market, according to the recently published report by the team of Market Research Future (MRFR), is expected to grow with an impressive growth rate during the forecast period between 2016 and 2023. Furthermore, the valuation is forecasted to go beyond the previously reported market valuation by the end of the forecast period. The conformal coatings market is driven by the demand from the electronics industry. The market is expected to grow due to the increasing demand for gadgets from an expanding population. Increasing adoption of AI and IoT and proliferation of adoption are also key factors pushing the market growth further. The market is also gaining considerable traction from the aviation industry, which is, in turn, supporting the growth of the market.
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Coated abrasives market 2020 can potentially capture a CAGR of 6.3% over the forecast period (between 2022 and 2030). We will provide COVID-19 impact analysis along with the coated abrasives market report, combined with all the extensive key developments in the market post the coronavirus disease outbreak. Coated abrasives have extensive applications in fabrication, furniture, auto ancillaries, auto OEM, flooring and general engineering. Industry abrasive end-users are increasingly opting for coated abrasives instead of their counterparts, given their exceptional benefits such as excellent surface finishes with greater productivity. Considering these benefits, it is expected that the product demand can scale up significantly in the following years.
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