Exploring Future Outlooks in the Conformal Coating Market

Posted by Jack Martin on May 9th, 2024

Conformal coating is a protective coating used to protect electronic components and printed circuit boards (PCBs) against environmental elements such as moisture, dust, chemicals, and temperature variations. It is a thin film coating that adapts to the geometry of the component or PCB and acts as a barrier against external variables such as corrosion, electrical interference, and other performance concerns.

The report "Conformal Coating Market by Type (Acrylic, Silicone, Epoxy, Urethane, and Parylene), End-Use (Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication), and Region - Global Forecast to 2028", is approximated to be USD 1.4 billion in 2023, and it is projected to reach USD 1.8 billion by 2028 at a CAGR of 5.3%.

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Automotive is the largest end-use segment in the overall conformal coatings market.

The automotive industry has risen rapidly in the recent decade, resulting in the rapid growth and increased usage of car electronics. Although automotive is a key end-use area for conformal coatings, it may not be the largest in the entire market. The size and growth of the conformal coatings market's many end-use categories might vary depending on a variety of factors such as geographical demand patterns, application requirements, and industry trends.

The automotive industry is a prominent end-use segment for conformal coatings. Engine control units (ECUs), sensors, electronic control modules (ECMs), and other electronic components all require conformal coatings. These coatings protect electronic components against moisture, dust, chemicals, and other environmental variables that might cause corrosion and failure.

Parylene conformal coating is the fastest-growing type of conformal coating.

Parylene conformal coating is one of the most rapidly increasing forms of conformal coatings. Parylene is a type of conformal coating that has great dielectric strength and strong moisture and chemical resistance, making it a suitable choice for applications in severe environments. It also has excellent adhesive properties and can be applied in very thin and homogenous layers, making it a preferred choice for fragile electronic components.

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The increasing demand for high-performance electronics in areas such as aerospace, defense, medical devices, and automotive, among others, is driving the expansion of Parylene conformal coating. Because of Parylene's ability to protect sensitive electronic components from severe conditions, it is an excellent choice for applications in these industries.

APAC is expected to be the largest market for conformal coating during the forecast period.

During the projection period, APAC (Asia-Pacific) would be the largest market for conformal coating. The region is home to some of the world's leading electronic manufacturers, and demand for conformal coatings is being driven by a number of factors, including increased usage of electronic devices and a growing trend toward miniaturization and integration of electronic components.

The presence of significant electronic manufacturers in countries such as China, Japan, South Korea, and Taiwan is driving the growth of the APAC conformal coating market. These countries have a big number of electronic manufacturing companies that manufacture a variety of items such as smartphones, tablets, laptops, and other consumer electronics.

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The key companies in the conformal coatings are Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemical (Canada), Specialty Coating System (US) and others.