"Acrylic to be the largest segment, by material type."
Acrylic is estimated to be the largest market by the material during the forecast period. The key driver for acrylic dominating the market can be attributed to its cheaper cost than other available coatings and no special requirement of any additional equipment for its application. Moreover, it provides protection to sensitive components against a broad level of contaminations. These factors are expected to drive the market growth of the acrylic segment near future.
"Sensor to be the fastest-growing segment for Automotive Conformal Coatings Market, by component."
Automotive require data to transport passengers safely and efficiently. Sensors help provide the data for control, adaptation, and the response of vehicle functions that increase safety, comfort, and efficiency. Sensors have applications in airflow, speed, coolant, camshaft position, and throttle position. The coating of the sensor is necessary as they operate in a challenging working environment.