Report Predicts EPD Coatings Market to Reach $20 Billion by 2025
SHELBYVILLE, DE — According to a report from Global Market Insights Inc., the electronic protection device coatings market will surpass $20 billion by 2025.
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 and debris. Various techniques, including brushing, dipping, manual spraying or automatic spraying, are used to apply these coatings.
The electronic protection device coatings market is driven by a rise in the use of portable electronics, increased demand from automotive electronics applications, and a decrease in the size of printed circuit boards. The market is expected to become more diverse in the forecast period, as these coated electronic products are available in many sizes and shapes, ranging from complex panels, large motherboards, tiny PCB and flexible circuits. These coatings are used in various industries, including automotive, consumer electronics, medical, avionics, military, industrial machine controls and aerospace.
Acrylic is the most commonly used electronic protection device coating material in the industry, accounting for almost 70-75% of the market. It is available at a cheaper price compared to other chemistries and has good environmental protection properties. Acrylic coatings are widely used for coating PCBs in consumer electronics and appliances. Additionally, they can adhere to a wide range of substrates such as LED boards, electrical generators, relays, cell phones and avionics. The U.S. acrylic coatings market for electronic protection is estimated to reach $520 million by end of the forecast period, driven by robust demand for computers, laptops, smart phones and other household electronics.
Polyurethane is another electronic protection device coating material that offers excellent chemical resistance and protection in harsh environments. It also maintains flexibility at low temperatures and can be used on a range of substrates such as PCB, electrical generators, fire alarm components, automotive electronics, motors and transformers. The global polyurethane coatings market for electronic protection devices is expected to reach almost $800 million by 2025. Epoxy coatings are also used for electronic protection in products such as electrical connectors, relays, marine components, farming components and mining components. Epoxy coatings are very hard, are good at resisting moisture and have excellent chemical resistance.
Silicone coatings are used for elevated temperature applications to protect against moisture, dirt, dust and corrosion. These coatings find applications in automotive electronics, the oil and gas industry, the transformer industry and in elevated temperature environments. Paraxylene coatings are used for aerospace and defense applications, mainly for satellites and spacecraft. They are also used in medical devices.
Automotive is one of the fastest growing applications for the electronic protection device coatings market, as the market is primarily driven by increased demand for safety and comfort features, a rise in luxury car sales (especially in developing economies) and rapid technological advancements that require heavy use of electronics. Demand for electronic protection device coatings in the automotive industry is expected to grow by 4-5% each year during the forecast period.
Asia-Pacific is the largest electronic protection device coatings market, as almost 80-90% of printed circuit boards are manufactured in China, Japan, South Korea, Taiwan and Singapore. Asia-Pacific is forecasted to be the fastest growing market, driven by increased demand of smart electronic appliances and growing industrialization. Global companies are beginning to shift their attention to countries such as Malaysia, Thailand, and Vietnam due to the availability of low-cost raw materials and cheap skilled labor.
The report includes in-depth coverage of the industry with estimates and forecasts in terms of volume and revenue from 2013 to 2025. For additional information, visit https://www.gminsights.com/industry-analysis/electronic-protection-device-coatings-market.