Conformal Coating Market

Conformal Coating Market is valued at USD 907.5 Million in 2021 and is expected to reach USD 1348.4 Million by 2028 with a CAGR of 5.82% over the forecast period.

Global Conformal Coating Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Increasing Demand from high-end applications requiring conformal coating, large-scale demand for conformal coating from the automotive industry are the major factors driving the growth of Global Conformal Coating market.

Scope of Conformal Coating Market Report-

Conformal coating is a thin polymeric film that is applied to a printed circuit board (PCB) for protection of the board and its components from the environment and rust. Conformal coating is base formulations of acrylic, polyurethane, copolymer or silicone. Conformal coating materials are selected by considering the environment in which the electronics will be operating. In the conformal coating, the film is usually applied at 25-250µm and ‘conforming’ to the shape of the board and its components, covering and protecting the soldering joints, leads of electronic components, exposed traces and other metallized parts from rust, finally to extend the working life of PCB.

Covid-19 has also impacted the growth of the global conformal coating market. The pandemic badly affected on various factors and platforms. In addition, during the pandemic situation to decrease the threat of covid-19 infection spread, governments are applying several rules and regulations. Several restrictions like, lockdowns, transportation restrictions, social distancing, and other restrictions are majorly affected. These coating material demands were very low due to the decreased demand from consumer electronics, automotive, aerospace industries which has affected the market growth.

The conformal coating market is segmented based on type, end-use industry, and geography. Based on type, the conformal coating market is segmented into acrylic, silicone, epoxy, urethane and parylene. Based on end-use industry, the conformal coating market is segmented into consumer electronics, automotive, aerospace & defense, industrial, telecommunication and others.

The regions covered in this Conformal Coating market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of Conformal Coating is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Conformal Coating Market Key Players

• Henkel
• Illinois Tool Work
• Shin-Etsu Chemicals
• Dow
• B. Fuller
• Chase Corporation
• Electrolube
• Dymax Corporation
• MG Chemicals and Specialty Coatings System

Global Conformal Coating Market Segmentation:

By Conformal Type

• Acrylic
• Silicone
• Epoxy
• Urethane
• Parylene

By End-Use Industry

• Consumer electronics
• Automotive
• Aerospace & Defense
• Industrial
• Telecommunication

Global Conformal Coating Market Dynamics–

In recent years, the development in material and new processes has enabled consumer electronics products such as tablets, mobile phones, white goods and wearable technologies to be coated as well. Increased popularity of miniaturized electronics and circuitry is also supplementing the demand for conformal coating to solidify its relevance in a wealth of modern PCB-related applications.  Additionally, increasing growth of youth population around world is rising the demand of consumer electronic and it will similarly be driving the demand of conformal coatings. It is commonly used on electronic products that are exposed to adverse environments where heat, chemicals and / or moisture is prevalent. For example; smartphones have become increasingly popular over the past decades. With an estimated 6.4 billion people using them. Demand of refrigerators and consumer electronics goods to witness higher demand in rural markets. In adition, its rising demand from automotive and aerospace industries is also supplementing the market growth. Aerospace industry is improving with advance technology worldwide. Conformal coatings in aerospace electronics must work in extreme environments and hazardous conditions. There is a difference between electronics used in the aerospace and defence industries and electronics used in other industries.

However, miniaturization of PCBs affecting the usage of conformal coating which may hamper the market growth. In spite of that, the emergence of new technologies in conformal coating may create more opportunities for the further growth of the market.

News: -

Electrolube’s UL94V-0 Approved Alternative to 3M Novec 2702 Electronic Grade Coating

On May 24^th, 2022; Electrolube, a brand of MacDermid Alpha Electronics Solutions, a global supplier of integrated solutions from our Circuitry, Assembly and Semiconductor divisions that provides unmatched capabilities in electronics design and manufacturing, has formulated a conformal coating (FPC) specifically to resolve a number of issues experienced by a specific user of surface modifier materials.

Dow Launched New DOWSIL CC-2588 Conformal Coating for Harsh Environments, Greater Sustainability

On October 4^th, 2021; The Dow company introduced new product that is DOWSIL CC-2588 Conformal Coating for a tough, abrasion-resistant silicone-based material that protects printed circuit boards (PCBs) and electronic components against high humidity and corrosion. This highly reliable silicone-based coating is virtually odorless and offers extremely low volatile organic compounds (VOCs). This conformal coating cures at room temperature for reduced energy consumption, supports spraying for higher throughputs and enables automated inspection equipment to use ultraviolet light (UV) to identify any voids in the conformal coating.

 

Global Conformal Coating Market Regional Analysis–

North America is expected to dominate the global conformal coating market due to the increasing demand from automotive, aerospace and consumer electronic industry in this region. Aerospace and automotive industries are major industries that are supplementing the market growth. For example, aerospace and defence in the U.S. nearly accounted for $909 billion in sales in 2019.

Asia Pacific is expected to witness a fastest growth in the global conformal coating market owing to the rising demand from building and infrastructure, industrial and automotive industry. Rapid industrialization and urbanization in the region, growing demand for consumer electronics in the countries especially in China, India and South Korea are supplementing the market growth. For example; Indian appliance and consumer electronics market stood at Rs 76,400 crore (US$ 10.93 billion) in 2019. Consumer durable exports reached US$ 362.12 million in 2018. Consumer electronics exports from India reached US$ 451.29 million in 2019.

 

 

On Special Requirement Conformal Coating Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 907.5 Million
Base year considered	2021
Forecast Period CAGR %:	5.82%
Market Size Expected in 2028:	USD 348.4 Million
Tables, Charts & Figures:	175
Pages	196
Conformal Coating Companies	Henkel, Illinois Tool Work, Shin-Etsu Chemicals, Dow ,H.B. Fuller, Chase Corporation, Electrolube, Dymax Corporation, MG Chemicals and Specialty Coatings System, and others.
Segments Covered	By Conformal Type, By End-Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Conformal Coating Market Report–

• Global Conformal Coating market report covers in-depth historical and forecasts analysis.
• Global Conformal Coating market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Conformal Coating market report helps to identify opportunities in the marketplace.
• Global Conformal Coating market report covers extensive analysis of emerging trends and competitive landscape.