PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490264
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490264
Electronic Protection Device (EPD) Coatings Market size was valued at USD 1,398.10 million in 2023, expanding at a CAGR of 5.90% from 2024 to 2032.
Electronic Protection Device (EPD) coatings refer to a range of specialized protective layers applied to electronic components and devices to safeguard them from various environmental and operational hazards. The growing proliferation of smartphones, tablets, laptops, and other consumer electronic devices drives the need for protective coatings to enhance durability and performance. The production and disposal of certain coating materials may raise environmental concerns, potentially leading to stricter regulations and increased costs.
Electronic Protection Device (EPD) Coatings Market- Market Dynamics
Rising Usage of Coatings in Aerospace & Defense Applications
The rising usage of Electronic Protection Device (EPD) coatings in aerospace and defense applications is driven by several factors, reflecting the industry's need for enhanced performance, durability, and reliability in increasingly demanding environments. Aerospace and defense equipment are often exposed to extreme temperatures, moisture, and corrosive environments. EPD coatings provide a protective barrier, preventing damage and degradation of electronic components. The mission-critical protection required for aerospace and defense applications has been made possible by Specialty Coating Systems (SCS) and conformal coatings. Lightweight coating solutions from SCS are perfect for space probes, unmanned aerial vehicles (UAVs), and aircraft components that are sensitive to weight. In the toughest conditions, conformal coatings are frequently used to shield electronics and components from dust, fumes, and moisture.
Electronic Protection Device (EPD) Coatings Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.90% over the forecast period (2024-2032)
Based on material segmentation, acrylic was predicted to show maximum market share in the year 2023
Based on application segmentation, automotive was the leading type in 2023
based on region, Asia Pacific was the leading revenue generator in 2023
The Global Electronic Protection Device (EPD) Coatings Market is segmented based on Material, Application, End User, and Region.
The market is divided into four categories based on material: Polyurethane, Epoxy, Silicone, and Acrylic. With 40% of all coatings for electronic protection devices going to acrylic, this is the most dominant segment. Because silicon coating is used in high-temperature applications ranging from -55°C to +200°C, its use in coatings is predominant. The material's predominant characteristics include its high dissolution rate, chemical resistance, quick drying time, improved fungal resistance, and low heat release during the curing process.
The market is divided into five categories based on end user: Aerospace & Defense, Automotive, Appliance Controls, Consumer Electronics, and Industrial Electronics. The automotive subsegment held a dominant market share in the global electronic protection device coatings market by application. Regarding the protection of electronic components, the automotive industry is subject to particular norms and regulations. Automotive coatings have to adhere to industry requirements regarding their electrical insulation, durability, performance, and environmental impact. Furthermore, the automotive sector is placing increasing emphasis on the development of environmentally friendly coatings with low volatile organic compounds (VOCs) and compliance with regulatory standards.
Electronic Protection Device (EPD) Coatings Market- Geographical Insights
With a growing middle class and rising disposable incomes, the Asia Pacific region boasts a sizable consumer base. Wearables, computers, tablets, and smartphones are among the consumer electronics that are in high demand as a result. Technology-related developments and breakthroughs are well-known throughout Asia-Pacific. Electronic protection device coatings are becoming more and more popular as a result of the ongoing requirement to produce sophisticated electronic devices and shrink electronic components. China in particular makes up the largest and fastest-growing region, Asia-Pacific. Nearly 80% of the PCBs produced worldwide were produced in China.
Major players in the electronic protection device market include 3M, Henkel Corporation, ENDURA, Specialty Coating Systems Inc., Electronic Coating Technologies, and Aculon,. Etc. The EPD coatings market also includes several smaller manufacturers and regional players that cater to specific niche markets or geographical regions. Henkel is a major player in the EPD coatings market, offering a wide range of protective coatings for electronic devices. They compete by emphasizing product performance, reliability, and compatibility with various substrates. Dow has a significant presence in the EPD coatings market, leveraging its expertise in silicone-based materials to offer durable and reliable protection for electronic components. They emphasize product durability and long-term performance.
In March 2024, Siemens established one of the globe's most groundbreaking circuit protection plans with cutting-edge electronic switching skills. SENTRON ECPD (Electronic Circuit Protection Device) electronically switches off circuit faults and trips the mechanical isolating contact downstream.
December 2022, DuPont has announced an extended collaboration with Team Rubicon, a humanitarian organization headed by veterans that provides aid to communities before, during, and following crises and disasters. Donations of Tyvek(R) protective clothing, personal protective equipment (PPE) applications training, and educational support are all part of this deeper partnership.
GLOBAL ELECTRONIC PROTECTION DEVICE (EPD) COATINGS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
3M
Henkel Corporation
P2i Ltd
ENDURA
Specialty Coating Systems Inc.
Electronic Coating Technologies
MATERIAL SCIENCES CORPORATION
Aculon
ABB
Electrolube
Others