[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Conformal Coatings Market Size, Share & Trends Analysis Report By Product (Acrylic, Epoxy, Urethane, Silicone, and Parylene), By Application, By Region, And Segment Forecasts, 2022 - 2030

April 2022 | 76 pages | ID: C78EF6D05B6EN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
This report can be delivered to the clients within 72 Business Hours

Conformal Coatings Market Growth & Trends

The global conformal coatings market size is anticipated to reach USD 1,493.46 million by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 5.9% during the forecast period. The global conformal coatings market is anticipated to grow with the development in aerospace, automotive, consumer electronics, and medical applications across the globe. Rising expectations regarding automation in the abovementioned applications have driven the demand for electronic devices & equipment.

The conformal coatings provide improved product characteristics, including high heat, dust, moisture resistance, corrosion resistance, and improved overall durability. The use of conformal coating has driven the demand for high-quality dispensing mechanisms to dispense conformal coatings effectively, since poor dispersion results in cracks in the coating layer and affects PCB functions. In January 2021, Delta Electronics, Inc. provided a PCB conformal coating dispensing and inspection solution to an electronic automotive component manufacturer in Tianjin, China. The mechanism dispenses coatings through a nozzle and triggers an alarm in case of insufficient or improper dispensing.

Players in the conformal coatings market are adopting merger & acquisition initiatives to expand their reach. For instance, in May 2021, Element Solutions, Inc. acquired H.K. Wentworth Limited, a U.K.-based company involved in manufacturing conformal coatings, thermal management materials, electronic cleaning solutions, and encapsulation resins. The company has a presence in over 55 countries and caters to end-user markets, including aerospace & defense, medical, telecommunications, and consumer electronics. This acquisition can help Element Solutions, Inc. to expand its conformal coatings manufacturing capacity in various end-use markets.

Due to the presence of several players in the conformal coatings market, the competitive rivalry is high. Conformal coating manufacturers collaborate with other market players to increase their market share. For instance, in May 2021, Dymax and HZO, Inc. entered into a strategic alliance to facilitate joint product development, formulate existing coating solutions, and accelerate market reach. Dymax is involved in producing conformal coatings, and such initiatives can strengthen its position in the conformal coatings market.

Conformal Coatings Market Report Highlights
  • The global conformal coatings market was valued at USD 930.89 million in 2021 and is estimated to expand at a CAGR of 5.9% from 2022 to 2030
  • Consumer electronics in the application segment is expected to witness the highest CAGR of 6.3% during the forecast period, in terms of revenue. This can be attributed to the increasing awareness of consumers regarding the Internet of Things (IoT) and the new upgraded product launches by consumer electronics product manufacturers
  • Acrylic dominated the product segment and accounted for more than 47.0% share of the overall revenue in 2021. This high share is attributed to its properties like the ease of application and removal during rework and quick-drying, as compared to its counterparts, thereby augmenting the market growth for acrylic conformal coatings
  • Increasing automation across end-use industries is expected to pave the way for complex adaptive systems, multi-processing, cloud-based supervisory control, and data acquisition (SCADA) systems, and programmable automation controllers (PACs), which are expected to impact the market for conformal coatings positively
  • Asia Pacific accounted for more than a 51.0% share of the overall revenue in 2021 in the thermal spray coatings market. Its thermal spray coatings market is expected to witness a growth of 6.4% to reach a net worth of USD 800.90 million by 2030
CHAPTER 1. METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
  1.3.1 Purchased Database
  1.3.2 GVR’s Internal Database
  1.3.3 Secondary Sources
  1.3.4 Third-Party Perspective
  1.3.5 Primary Research
1.4 Information Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations

CHAPTER 2. EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 Market Segmentation

CHAPTER 3. CONFORMAL COATINGS MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
  3.1.1 Global Coatings Market Outlook
3.2 Penetration and Growth Prospect Mapping
3.3 Value Chain Analysis
3.4 Raw Material Outlook
  3.4.1 Water-based resins
  3.4.2 Volatile organic compounds
3.5 Regulatory Framework
3.6 Market Dynamics
  3.6.1 Market Driver Analysis
  3.6.2 Market Restraint analysis
3.7 Impact of COVID-19 on Industry
3.8 Business Environment Analysis: Conformal Coatings Market
  3.8.1 Porter’s Five Forces Analysis
  3.8.2 PESTEL Analysis

CHAPTER 4. CONFORMAL COATINGS MARKET : PRODUCT ESTIMATES & TREND ANALYSIS

4.1 Conformal Coatings Market : Product movement analysis, 2021 & 2030
4.2 Acrylic
  4.2.1 Conformal Coatings Market estimates and forecasts, by Acrylic, 2019 - 2030 (USD Million)
4.3 Epoxy
  4.3.1 Conformal Coatings Market estimates and forecasts, by Epoxy, 2019 - 2030 (USD Million)
4.4 Urethane
  4.4.1 Conformal Coatings Market estimates and forecasts, by Urethane, 2019 - 2030 (USD Million)
4.5 Silicone
  4.5.1 Conformal Coatings Market estimates and forecasts, by Silicone, 2019 - 2030 (USD Million)
4.6 Parylene
  4.6.1 Conformal Coatings Market estimates and forecasts, by Parylene, 2019 - 2030 (USD Million)

CHAPTER 5. CONFORMAL COATINGS MARKET : APPLICATION ESTIMATES & TREND ANALYSIS

5.1 Conformal Coatings Market : Application movement analysis, 2021 & 2030
5.2 Consumer Electronics
  5.2.1 Conformal Coatings Market estimates and forecasts, in Consumer Electronics Application, 2019 - 2030 (USD Million)
5.3 Automotive
  5.3.1 Conformal Coatings Market estimates and forecasts, in Automotive Application, 2019 - 2030 (USD Million)
5.4 Medical
  5.4.1 Conformal Coatings Market estimates and forecasts, in Medical Application, 2019 - 2030 (USD Million)
5.5 Aerospace & Defense
  5.5.1 Conformal Coatings Market estimates and forecasts, in Aerospace & Defense Application, 2019 - 2030 (USD Million)
5.6 Others
  5.6.1 Conformal Coatings Market estimates and forecasts, in Other Applications, 2019 - 2030 (USD Million)

CHAPTER 6. CONFORMAL COATINGS MARKET : REGIONAL ESTIMATES & TREND ANALYSIS

6.1 Conformal Coatings Market : Regional Movement Analysis, 2021 & 2030
6.2 North America
  6.2.1 North America Conformal Coatings market estimates and forecasts, 2019 - 2030 (USD Million)
  6.2.2 North America Conformal Coatings market estimates and forecasts, by Product, 2019 - 2030 (USD Million)
  6.2.3 North America Conformal Coatings market estimates and forecasts, by Application, 2019 - 2030 (USD Million)
  6.2.4 U.S.
6.3 Europe
  6.3.1 Europe Conformal Coatings market estimates and forecasts, 2019 - 2030 (USD Million)
  6.3.2 Europe Conformal Coatings market estimates and forecasts, by Product, 2019 - 2030 (USD Million)
  6.3.3 Europe Conformal Coatings market estimates and forecasts, by Application, 2019 - 2030 (USD Million)
  6.3.4 Germany
  6.3.5 UK
6.4 Asia Pacific
  6.4.1 Asia Pacific conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
  6.4.2 Asia Pacific conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
  6.4.3 Asia Pacific conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
  6.4.4 China
  6.4.5 India
  6.4.6 Japan
6.5 Central & South America
  6.5.1 Central & South America Conformal Coatings market estimates and forecasts, 2019 - 2030 (USD Million)
  6.5.2 Central & South America Conformal Coatings market estimates and forecasts, by Product, 2019 - 2030 (USD Million)
  6.5.3 Central & South America Conformal Coatings market estimates and forecasts, by Application, 2019 - 2030 (USD Million)
  6.5.4 Brazil
6.6 Middle East & Africa
  6.6.1 Middle East & Africa Conformal Coatings market estimates and forecasts, 2019 - 2030 (USD Million)
  6.6.2 Middle East & Africa Conformal Coatings market estimates and forecasts, by Product, 2019 - 2030 (USD Million)
  6.6.3 Middle East & Africa Conformal Coatings market estimates and forecasts, by Application, 2019 - 2030 (USD Million)

CHAPTER 7. COMPETITIVE LANDSCAPE

7.1 Key global players along with the recent developments and their impact on the industry
7.2 Key company/Competition categorization
7.3 Vendor Landscape
  7.3.1 List of key distributors & channel partners
  7.3.2 Key customers
7.4 Public companies
  7.4.1 Public company market position analysis

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1 Henkel AG & Company, KGaA
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product benchmarking
  8.1.4 Strategic Initiatives
8.2 Chemtronics
  8.2.1 Company Overview
  8.2.2 Product Benchmarking
8.3 Shin-Etsu Chemical Co., Ltd.
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Benchmarking
8.4 Dow Inc.
  8.4.1 Company Overview
  8.4.2 Financial performance
  8.4.3 Product Benchmarking
  8.4.4 Strategic Initiatives
8.5 H.B. Fuller Company
  8.5.1 Company Overview
  8.5.2 Financial Performance
  8.5.3 Product Benchmarking
8.6 Chase Corp
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Benchmarking
  8.6.4 Strategic Initiatives
8.7 Electrolube
  8.7.1 Company Overview
  8.7.2 Product Benchmarking
  8.7.3 Strategic Initiatives
8.8 Europlasma NV
  8.8.1 Company Overview
  8.8.2 Product Benchmarking
8.9 MG Chemicals
  8.9.1 Company Overview
  8.9.2 Product Benchmarking
8.10 KISCO LTD.
  8.10.1 Company Overview
  8.10.2 Product Benchmarking
8.11 Dymax Corporation
  8.11.1 Company Overview
  8.11.2 Product Benchmarking
  8.11.3 Strategic Initiatives
8.12 ALTANA
  8.12.1 Company Overview
  8.12.2 Financial Performance
  8.12.3 Product Benchmarking
8.13 ACC Silicones Ltd. (CHT Group Company)
  8.13.1 Company Overview
  8.13.2 Product Benchmarking
8.14 CSL Silicones Inc.
  8.14.1 Company Overview
  8.14.2 Product Benchmarking
8.15 Aalpha Conformal Coatings
  8.15.1 Company Overview
  8.15.2 Product Benchmarking

LIST OF TABLES

Table 1 List of Abbreviations
Table 2 Conformal coatings market estimates and forecasts, by acrylic, 2019 - 2030 (USD Million)
Table 3 Conformal coatings market estimates and forecasts, by epoxy, 2019 - 2030 (USD Million)
Table 4 Conformal coatings market estimates and forecasts, by urethane, 2019 - 2030 (USD Million)
Table 5 Conformal coatings market estimates and forecasts, by silicone, 2019 - 2030 (USD Million)
Table 6 Conformal coatings market estimates and forecasts, by parylene, 2019 - 2030 (USD Million)
Table 7 Conformal coatings market estimates and forecasts, in consumer electronics application, 2019 - 2030 (USD Million)
Table 8 Conformal coatings market estimates and forecasts, in automotive application, 2019 - 2030 (USD Million)
Table 9 Conformal coatings market estimates and forecasts, in medical application, 2019 - 2030 (USD Million)
Table 10 Conformal coatings market estimates and forecasts, in aerospace & defense application, 2019 - 2030 (USD Million)
Table 11 Conformal coatings market estimates and forecasts, in others application, 2019 - 2030 (USD Million)
Table 12 North America conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 13 North America conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 14 North America conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 15 U.S. conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 16 U.S. conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 17 U.S. conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 18 Europe conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 19 Europe conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 20 Europe conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 21 Germany conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 22 Germany conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 23 Germany conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 24 UK conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 25 UK conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 26 UK conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 27 Asia Pacific conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 28 Asia Pacific conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 29 Asia Pacific conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 30 China conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 31 China conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 32 China conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 33 India Conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 34 India conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 35 India conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 36 Japan conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 37 Japan conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 38 Japan conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 39 Central & South America conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 40 Central & South America conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 41 Central & South America conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 42 Brazil conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 43 Brazil conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 44 Brazil conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 45 Middle East & Africa conformal coatings market estimates and forecasts, 2019 - 2030 (USD Million)
Table 46 Middle East & Africa conformal coatings market estimates and forecasts, by product, 2019 - 2030 (USD Million)
Table 47 Middle East & Africa conformal coatings market estimates and forecasts, by application, 2019 - 2030 (USD Million)
LIST OF FIGURES

Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Conformal coatings market: Market snapshot, 2021 (USD Million)
Fig. 8 Conformal coatings market: Market segmentation
Fig. 9 Conformal coatings market - Penetration and growth prospect mapping
Fig. 10 Conformal coatings market - Value chain analysis
Fig. 11 Porter’s five forces analysis: Conformal coatings market
Fig. 12 PESTEL analysis: Conformal coatings market
Fig. 13 Conformal Coatings Market: Product movement analysis, 2021 & 2030
Fig. 14 Conformal Coatings Market: Application movement analysis, 2021 & 2030
Fig. 15 Conformal Coatings Market: Regional movement analysis, 2021 & 2030


More Publications