Conformal Coatings Market

As technology evolves and shrinks, circuit boards and electronic components need protective coating to remain safe. These coatings protect devices from environmental elements that can cause early failure. The right conformal coatings provide these protections while maintaining a smooth surface and an aesthetic finish. They are often applied in various methods such as dipping, brushing or spraying. A few conformal coating chemistries on the market are: Acrylics, Polyurethanes, Silicone and Epoxy. Each material has its own chemical and physical properties and provides a different level of protection. For example, a silicone conformal coating offers abrasion resistance and durability in high temperature environments. It also has good moisture and humidity resistance.

Market Dynamics:

The conformal coatings market is growing at a rapid pace due to the advancements in technology and increasing demand for advanced electronic devices. The market is primarily driven by the rise in the demand for durable electronic devices and growth in automation systems across end use industries. These coatings are used to protect the printed circuit boards from corrosion, moisture, heating, and other environmental factors. Moreover, they offer improved electrical conductivity to ensure better functionality of the electronics.

However, decline in automotive industry is expected to hamper the market growth.

Key features of the study:

• This report provides in-depth analysis of the global conformal coatings market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global conformal coatings market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Altana, Chase Corp., CHT Ltd, Dow, Dymax, HK Wentworth Ltd, H.B. Fuller Company, Henkel AG & Co. KGaA, ITW, Kisco Ltd, MG Chemicals, Panacol-Elosol GmbH, Shin-Etsu Chemical Co. Ltd, and Momentive
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global conformal coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global conformal coatings market

Detailed Segmentation:

• Global Conformal Coatings Market, By Material Type
  • Acrylic
  • Epoxy
  • Urethane
  • Silicone
  • Other Types (Parylene and Fluorocarbon)
• Global Conformal Coatings Market, By End User Industry
  • Automotive
  • Aerospace and Defense
  • Medical
  • Consumer Electronics
  • Other End user Industries (machinery applications)
• Global Conformal Coatings Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Altana
  • Chase Corp.
  • CHT Ltd
  • Dow
  • Dymax
  • HK Wentworth Ltd
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • ITW
  • Kisco Ltd
  • MG Chemicals
  • Panacol-Elosol GmbH
  • Shin-Etsu Chemical Co. Ltd
  • Momentive