Electronic Protection Device (EPD) Coatings Market Size

Electronic Protection Device Coatings Market Size

Electronic Protection Device (EPD) Coatings Market size was estimated over USD 14 billion in 2017 and will exhibit growth of over 4.6% up to 2025.
 

The EPD coatings market is strongly driven by global steady growth in automotive electronics & consumer electronics industry. In automotive industry, these coatings protect PCB’s from gasoline vapor, brake fluids from contamination and can be used in onboard computers and under the hood applications. Automotive electronics are becoming sophisticated and technologically advanced giving rise to need of functionality & reliability in demanding environments. According to OICA, the global new vehicle sales in 2017 accounted for over 96 million units, of which, the U.S., China, and Japan accounted for over 17.5 million units, 29 million units, and 5 million units respectively. Growing demand of safety enabled vehicles in developing countries such as China, India and Brazil; as well as slow but steady demand in developed countries such as U.S. and Japan will drive the electronic protection device coatings market.
 

Consumer electronics industry, which consists of smart phones, laptops, cameras, headphones, tablets is one of the major EPD coatings market globally & accounted for almost 30-35% in 2017 led by rise in demand of smart phones. In 2017, the smart phones companies shipped about 1.45 billion devices, compared to 1.36 billion devices in 2016. The smart phones market is expected to grow by 3% each year till forecast period to reach annual shipments up to 1.68 billion units. China is the largest consumer electronics market globally and has surpassed North America because of strong economic growth & rising population. Rising demand of electronics goods from emerging markets such as India, Thailand, Malaysia, Argentina, Colombia, Peru, Chile and other African countries will drive the electronic protection device coatings market in the forecast period.