The supply chain of Automotive Conformal Coatings market is diverse and with ample future potential, fastest growing emerging markets like India, Brazil, and Mexico are creating a buzz among market players. The revenue growth for market players in these countries are expected to range between 4.6% and 6.8% annually which is a way above the global average of 7.1%. Moreover, the key opportunities, such as expansion into emerging markets, development of eco-friendly coatings and integration with advanced electronics, are anticipated to create revenue pockets.
Leading players such as Dow, Henkel, Chase Corporation, HumiSeal, Electrolube, Chemtronics, MG Chemicals, Dymax Corporation, Shin-Etsu Chemical, 3M, BASF and DuPont are well placed to compete within the global market and shifting focus & efforts to improve market position in the frontier markets.
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Market Dynamics
Rising Adoption of Electronics in Vehicles: The increasing use of electronics in every systems – spanning from entertainment features, to advanced driver assistance systems (ADAS) – is fueling the demand for protective coating.
Increasing Demand for Electric Vehicles: Electric vehicles are like "software on wheels" and depend heavily upon electronic components. This is especially true in the battery management systems where protective coatings like coatings play a vital role, in ensuring their safety and longevity.
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