Top 6 Asia-Pacific Conformal Coating Market Leading players in the World – MarkNtel

The Asia-Pacific Conformal Coating Market is projected to grow at a CAGR of around 6.25% during the forecast period, 2022-27. The factors responsible for the market growth are the rising manufacturing of consumer electronics to cater to the global demand, burgeoning initiatives led by the government & private players to manufacture printed circuit boards, and the constant R&D investments towards coating technology that have augmented the demand for conformal coatings in the region. Moreover, the conformal coatings can be applied directly to the printed circuit boards (PCBs), as it acts as a shield to the board & also protects its components from corrosion & environmental damage. Therefore, there has been a constant incline in demand for conformal coatings. Furthermore, Asian countries, such as China, South Korea, Vietnam, India, etc., have robust manufacturing bases for consumer electronics, medical devices, automotive, and telecommunications, among others.