Conformal Coating Market by Type (Acrylic, Silicone, Epoxy, Polyurethane, and Parylene), Application (Consumer Electronics, Automotive, Aerospace & Defense, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026618 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 897 million mark in 2022 and is expected to hit US$ 1400 million by 2030, recording a CAGR of 6% during the forecast period.

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Conformal coating market has been significantly growing with the increasing their demand from various applications

The conformal coatings are highly used in a wide range of environments to protect printed circuit boards from moisture, salt spray, chemicals and temperature extremes to prevent corrosion, mould growth and electrical failures. The printed circuit boards are used in applications such as in aerospace & defense and automotive industries. The growing use of printed circuit boards in these application fields drives the demand for conformal coating. The parylene segment is expected to pace up with the growing their use, as they offer very high dielectric strength, superior resistance to moisture, solvent and extreme temperature. Further, other segments such as acrylic, silicone, epoxy, polyurethane is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into acrylic, silicone, epoxy, polyurethane, and parylene. On the basis of application, the market is segmented into consumer electronics, automotive, aerospace & defense, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Development of biobased conformal coating

Traditionally coating materials have been formulated in solvent-based form. However, the solvent use has become more restricted from an environmental point of view and also consumers are increasingly becoming aware of the waste of these processes in the form of the energy required to remove the solvents. Hence, manufacturers are looking to develop biobased conformal coating. For instance, in 2021, Electrolube has launched UVCLX, UV Cure Coating Xtra, that is a pioneering new bio coating where 75% of the organic content is obtained from renewable sources. The new eco-friendly coating innovation is one of the company’s most versatile, high level performance coatings for protecting electronic circuitry against the harshest of environments.

High demand for conformal coating from automotive industry

In recent years, there is a high demand for safety and comfort features in automobiles. All these features need efficient operation of various components including printed circuit boards. The conformal coatings are highly used to protect printed circuit boards from moisture, salt spray, chemicals and temperature extremes. There are many types of conformal coating that are highly used in automotive electronics such as acrylics, urethanes and silicones. 

Recent strategic developments in conformal coating market

The conformal coating market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2020, Electrolube launched new an innovative range of UV Conformal Coatings, Thermal Management solutions and Encapsulation Resins at IPC APEX EXPO.
  • In 2021, Dow launched new DOWSIL CC-2588 conformal coating for harsh environments, greater sustainability.
  • In 2020, Electrolube formulated and launched a brand-new conformal coating product named FPC. The product (FPC) was specially developed to resolve a number of issues experienced by a specific user of surface modifier materials.

The conformal coating market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Henkel Adhesives Technologies, Shin-Etsu Chemical, Dow, H.B. Fuller, and Dymax Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Conformal coating related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of conformal coating
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Acrylic
  • Silicone
  • Epoxy
  • Polyurethane
  • Parylene
  • Application
  • Consumer Electronics
  • Automotive
  • Aerospace & Defense
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Henkel Adhesives Technologies
  • Shin-Etsu Chemical
  • Dow
  • H.B. Fuller
  • Dymax Corporation

The List of Companies
- Henkel Adhesives Technologies
- Shin-Etsu Chemical
- Dow
- H.B. Fuller
- Dymax Corporation

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