Conformal coating can be applied in various ways including spraying, brushing, dip coating and dispensing. Conformal coating is also used to reduce the formation of whiskers and can prevent electrical bleeding between closely spaced gears. They are applied as thin layers of a few micrometers to protect circuitry from moisture, salt spray, dust, chemicals and temperature extremes to prevent corrosion, mold growth and electrical failure.

Growing demand from the consumer electronics industry is driving the market for conformal coatings; because, the use of conformal coatings was historically limited to the protection of circuit board coatings in the aircraft industry. Due to advancements in material and processing technology, these coatings are now widely used in products such as white goods and mobile electronics devices such as mobile phones, tablets and wearable electronics.

The report " Conformal Coatings Market, By Type (Acrylic, Silicone, Epoxy, Urethane, and Parylene), By End-User (Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’

Key Highlights:

• In February 2020, Dow introduced DOWSIL CC-820 UV and Moisture Dual Dual-Core Conformal Coating at IPC APEX EXPO 2020. It is the first solvent less silicone conformal coating with a moisture dual-core system for high throughput. The new product promotes sustainability, health and safety.
• In March 2019, HB Fuller announced that they had acquired HB Fuller Japan G.K. The move was made to strengthen its engineering adhesives business in Japan. The company's EA business serves the electronics transportation, and renewable energy, aerospace and medical markets.

Analyst View:

Nowadays, use of conformal coating is increasing in various applications in industries; such as, automotive, military, aerospace, marine, lighting, industrial and green energy. Conformal coating is widely used in the electronics industry, wiring and cabling for automobiles to make vehicles lighter and more fuel efficient.

As such, the growing number of PCB manufacturers in the Asia Pacific region and the increasing demand for high-end applications that require the use of conformal coatings are the factors driving the market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Conformal Coatings Market, By Type (Acrylic, Silicone, Epoxy, Urethane, and Parylene), By End-User (Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

Conformal Coatings Market accounted for US$ 882.0 million in 2020 and is estimated to be US$ 1532.75 million by 2030 and is anticipated to register a CAGR of 5.8%. The Conformal Coatings Market is segmented based on Type, End User and Region.

• Based on Type, Conformal Coatings Market is segmented into Acrylic, Silicone, Epoxy, Urethane, and Parylene.
• Based on End User, Conformal Coatings Market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication.
• By Region, the Conformal Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Conformal Coatings Market:

The prominent players operating in the Conformal Coatings Market include Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemicals (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemicals (Canada) and Specialty Coatings System (US).

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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