Conformal Coatings Market Overview
A conformal coating material is a thin polymeric film that conforms to the outline of a printed circuit board to protect the board's components. A Conformal Coating is a protective chemical prevention or polymer film that protect circuit boards from harsh environment. These coating is applied on thin layers of few micro meters, to shield the circuitry against moisture, salt spray, dust, chemicals, and temperature extremes to avoid corrosion, template growth and electrical failures. Conformal coating is mostly used in automotive, military, aerospace, marine, lighting, and industry. These coatings are applied to the surface by dipping, spraying or brushing. A copolymer conformal coating is a mixture of acrylic and urethane that may contain a very small amount of solvent that reduces viscosity, but is still much less solvent than acrylic or polyurethane formulations. Conformal coatings are used to protect PCBs, thus ensuring the durability of electronic products. As competition increases, electronics manufacturers are exploring PCB conformal coatings to enhance the quality of their products and strengthen their position in the market. Additionally, the heat emitted by acrylics during the curing process eliminates the potential risk of damage to heat-sensitive components, thus promoting the growth of its conformal coatings market. Global Conformal Coating Market size 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%.
Conformal Coatings Market Dynamics
Increasing demand for lightweight vehicles
The conformal coating market is driven by the growing demand from the automotive and electronic industries and increasing demand for lightweight vehicles is also driving the conformal coating , Conformal coating is widely used in wiring and cables for automobiles, making the vehicle lighter and oil efficient, additionally, digitalization and increasing electrical dependence is expected to boost the market for conformal coating The global market for conformal coatings has grown tremendously over the past few years. The growth of the market is mainly attributed to the increasing requests for high quality applications that require conformal covering. On the other hand, some factors are likely to hamper the growth of the market, Minimizing the scaling of PCBs is the primary aspect to restrain the growth of the market. In addition to this, cost pressure on conformal covering makers is another important aspect that may hinder the growth of the market during the assessment period.
Technological advancement
Conformal coatings for printed circuit board manufacturers are focusing on new innovations and technologies to increase their market share and serve various industries. Hence, the production of conformal coatings is increasing and the degree of competition in the market is likely to be high during the upcoming period. Advances in technology focus on printed circuit board used to connect electrical components in the automotive, military, aerospace, marine, telecommunications, industrial, healthcare and consumer electronics sectors. The study provides insights into key focus areas of technology, challenges and adoption strategies for better usability. A growing concern in electrical manufacturers to protect boards and their components from moisture, chemicals, and salt spray and temperature fluctuations is driving the adoption of conformal coatings technology.
Conformal Coatings Market Segmentation
The Conformal Coatings Market is segmented based on Type, End User and Region.
On the basis of type, the Conformal Coatings Market is segmented into Acrylic, Silicone, Epoxy, Urethane, and Parylene. On the basis of End User, the target market is classified into Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication. Among all types, parylene is a conformal coating segment & these segment is special type of coating because it is developed at room temperature and applied by a vapor phase deposition method. These coatings provide extremely high dielectric strength and excellent resistance to extreme temperatures, solvents and moisture. This coating provides brilliant circuit board protection. It can spread quickly and can be used on many substrates such as elastomers, plastics, metals and glass.
Regional Insights:
On region the Conformal Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The conformal coating has major applications in various industries such as military, automotive, aerospace, and energy. Additionally, the growing expansion of electronic industries in the Asia-Pacific region is expected to increase the demand for conformal coating in the coming years.
In June 2022, Race to Miniaturize Electronics to Propel Consumption of Electronic Conformal Coatings, The increasing use of electronics and worldwide printed circuit board (PCB) manufacturing are the major factors that are expected to increase the demand for electronic conformal coatings in the coming years.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 to 2030 |
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Market Segmentation |
By Type – Acrylic, Silicone, Epoxy, Urethane, and Parylene By End User – Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Conformal Coatings Market report based on Type, End User and Region:
Conformal Coatings Market, By Type:
- Acrylic
- Silicone
- Epoxy
- Urethane
- Parylene
Conformal Coatings Market, By End User:
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Industrial
- Telecommunication
Conformal Coatings Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
-
Conformal Coatings Market Key Players
The key players operating the Conformal Coatings Market includes 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).
In March 2021, Intel 2020 Supplier Continuous Quality Improvement Awards, The SCQI Award recognizes top performers throughout the Intel supply chain, the Preferred Quality Supplier Award recognizes companies whose performance consistently exceeds expectations, and the Supplier Achievement Award recognizes companies who are consistently improving across the board and exceeding expectations in at least one critical area.
Conformal Coatings Market Company Profile
- Henkel (Germany)*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 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)
- Specialty Coatings System (US)
“*” marked represents similar segmentation in other categories in the respective section
Conformal Coatings Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By End User
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Conformal Coatings Market, By Type
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Acrylic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Silicone
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Epoxy
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Urethane
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Parylene
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Conformal Coatings Market, By End User, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Aerospace & Defense
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Telecommunication
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Conformal Coatings Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Henkel (Germany)
-
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Illinois Tool Work (US)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shin-Etsu Chemicals (Japan)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dow (US)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- H.B. Fuller (US)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chase Corporation (US)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Electrolube (UK)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dymax Corporation (US)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MG Chemicals (Canada)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Specialty Coatings System (US)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Conformal Coatings Market is segmented into basis of on Type, End User and Region.
The conformal coating market is driven by the growing demand from the automotive and electronic industries and increasing demand for lightweight vehicles is also driving the conformal coating.
By region, the growing expansion of electronic industries in the Asia-Pacific region is expected to increase the demand for conformal coating in the coming years.
The Key players operating in the Conformal Coatings Market includes 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).