Dublin, May 03, 2022 (GLOBE NEWSWIRE) -- The "Conformal Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global conformal coatings market reached a value of US$ 11.72 billion in 2021. Looking forward, the market is projected to reach a value of US$ 16.92 billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
A conformal coating is a thin polymeric layer used to protect printed circuit board (PCB) from corrosion, dust, chemicals and extreme environments. It conforms to the surface of PCB through brushing, spraying, dipping, and vapor deposition and helps design miniaturized electronics and circuits by allowing larger voltage gradients and closer track spacing. In addition, it extends the working life of PCB by preventing the damage from rough handling and mechanical and thermal stress. As a result, it finds applications in televisions, music players, video recorders, cameras, gaming consoles, remote cars, smartphones, computers, laptops, printers, faxes, and wearable devices worldwide.
Conformal Coatings Market Trends
The growing utilization of conformal coatings in the aerospace industry for protecting space shuttle, aircraft communication, passive detection and satellite systems represents one of the key factors driving the market. Moreover, there is a rise in the usage of PCBs in the automotive sector to withstand high temperatures, moisture, and chemicals. This, along with the expanding application of automatic driver assistance systems (ADAS) in premium cars, is bolstering the growth of the market.
In addition, increasing employment of conformal coatings in the healthcare industry to protect medical devices and equipment from thermal shocks and short circuits is positively influencing the market. Besides this, 5G networks require PCBs to prevent lost signals and delayed transmissions. This, in turn, is stimulating the market growth of conformal coatings. Additionally, the escalating demand for water-resistant electronic devices across the globe is contributing to the market growth. Furthermore, key market players are extensively investing in research and development (R&D) activities to develop cost-effective and ultra-thin coatings required in nanotechnologies, which is projected to propel the growth of the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global conformal coatings market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, technologies, operation method and End-use.
Breakup by Type:
- Acrylic
- Silicone
- Epoxy
- Urethane
- Parylene
- Others
Breakup by Technologies:
- Solvent-based
- UV-cured
- Water-based
Breakup by Operation Method:
- Dip Coating
- Spray Coating
- Brush Coating
- Chemical Vapor Deposition (CVD)
Breakup by End-use:
- Consumer Electronics
- Automotive
- Medical
- Aerospace and Defense
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Altana AG, Chase Corporation, CHT Germany GmbH, Dow Inc., Dymax Corporation, Electrolube (HK Wentworth Group), Europlasma NV, H.B. Fuller Company, Henkel AG & Co. KGaA, MG Chemicals, Panacol-Elosol GmbH (Dr. Honle AG) and Shin-Etsu Chemical Co. Ltd.
Key Questions Answered in This Report
- How has the global conformal coatings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global conformal coatings market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technologies?
- What is the breakup of the market based on the operation method?
- What is the breakup of the market based on the End-use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global conformal coatings market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Conformal Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Acrylic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Silicone
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Epoxy
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Urethane
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Parylene
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Technologies
7.1 Solvent-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 UV-cured
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Water-based
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Operation Method
8.1 Dip Coating
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Spray Coating
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Brush Coating
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Chemical Vapor Deposition (CVD)
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End Use
9.1 Consumer Electronics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Automotive
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Medical
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Aerospace and Defense
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Altana AG
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 SWOT Analysis
15.3.2 Chase Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 CHT Germany GmbH
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Dow Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Dymax Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Electrolube (HK Wentworth Group)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Europlasma NV
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 H.B. Fuller Company
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Henkel AG & Co. KGaA
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 MG Chemicals
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Panacol-Elosol GmbH (Dr. Honle AG)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Shin-Etsu Chemical Co. Ltd
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/5mght6
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