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.
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 Electronic Protection Device Coatings Market 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.
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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 Electronic Protection Device 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.
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.
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Speaking of the regional aspect, the Asia Pacific belt has turned out to be a potential hotbed for Electronic Protection Device Coatings Market players, primarily influenced by the robust PCB industry growth across these regions.
It is quite vividly coherent from such instances that APAC electronic protection device coatings market trends are likely to experience sizable investments by leading coating manufacturers. In addition, availability of cost effective materials and cheap labor cost are two of the complementary factors pushing APAC EPD coatings industry to witness 5% CAGR over 2018-2025.
Considering the aforementioned trends, it would not be incorrect to say that consumers of future would influence electronic protection device coatings industry trends. With automotive electronics becoming more technologically advanced and sophisticated in terms of reliability and functionality, automotive applications has emerged as a lucrative growth ground for the marketplace, both across developed as developing countries. Inherently stimulated by a plethora of transformative trends and the subsequent widening of its application terrain, Electronic Protection Device Coatings Market size is forecast to exceed a valuation of USD 20 billion by 2025.
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