Chemicals

Global Conformal Coatings Market Overview And Prospects

November 15, 2021November 15, 2021 by The Business Research Company

Learn about the global conformal coatings market through the business research company, which provides information on conformal coatings market size, conformal coatings market drivers and restraints, conformal coatings market players, the covid-19 impact on the conformal coatings market, and more.

The global conformal coatings market is expected to grow from $10.57 billion in 2020 to $11.04 billion in 2021 at a compound annual growth rate (CAGR) of 4.43%. The growth in the conformal coatings market is mainly due to the increasing demand of PCB from high-end applications in aerospace & defense and automotive industries. The market is expected to reach $15.08 billion in 2025 at a CAGR of 8.11%.

The growing demand for the consumer electronics industry is expected to drive innovation in conformal coatings manufacturing, thus driving the market during the forecast period.

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The conformal coatings market consists of sales of conformal coatings by entities (organizations, sole traders, and partnerships) that manufacture conformal coatings. A conformal coating is a thin polymeric layer that is distributed to a printed circuit board (PCB) to secure it and its components from corrosion and the environment. These coatings conform to the irregular landscape of the printed circuit board and offer increased operational integrity, dielectric resistance, and reliability.

Global Conformal Coatings market segments include:

By Type: Acrylic, Silicone, Epoxy, Urethane, Parylene

By Technology: Water-Based, Solvent-Based, UV Cured

By Operation Method: Dip Coating, Brush Coating, Spray Coating, Chemical Vapor Deposition

By End-Use: Automotive, Consumer Electronics, Aerospace And Defense, Industrial, Telecommunication

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the conformal coatings market in 2020.

The increasing technological advancements are shaping the conformal coating market. Major companies operating in the conformal coating sector are focused on developing technological solutions for conformal coating.

TBRC’s conformal coatings market report covers:

Major Market Players: Chase Corporation, Dow Corning Ltd., Dymax Corporation, Electrolube Limited, H.B. Fuller Company, Henkel AG & Co. KgaA, MG Chemicals Ltd., Shin-Etsu Chemical Co. Ltd, Cytec Industries Incorporated, Europlasma NV, Glenro Inc, and Specialty Coating System.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Conformal Coatings Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from the business research company that provides conformal coatings market overviews, analyzes and forecasts market size, share, conformal coatings market players, conformal coatings market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s conformal coatings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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