Conformal Coating Market: Growing Demand in Electronics and Automotive Sectors Drives Expansion
Kamlesh Desai
Sr. Chemical & Materials R&D Specialist || Solutions, Sales, Process, Industry and Operations Expert, Innovation||
Conformal coating is a protective, insulating material applied to the printed circuit boards (PCBs) and electronic components of electronic devices. Its primary purpose is to safeguard the electronics from environmental factors and potential sources of damage, such as moisture, dust, chemicals, and mechanical stress. Conformal coatings provide a thin, conformal layer that adheres to the contours of the PCB and its components, offering protection without altering the physical characteristics of the assembly.
The "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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Key features and benefits of conformal coatings include:
The conformal coating market was indeed divided into various types based on the materials used. These types include:
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By Type, Acrylic accounted for the largest share in 2022.
The growth of acrylic conformal coatings is driven by their versatile protective capabilities, ease of application, affordability, and strong adhesion to various substrates. Their effective dielectric properties, resistance to moisture and humidity, and fast cure times further enhance their appeal. As industries like consumer electronics, automotive electronics, and renewable energy expand, acrylic coatings find increased demand due to their adaptability and ability to address evolving protection needs. This combination of factors positions acrylic conformal coatings as a pragmatic choice for electronics reliability and performance enhancement.
By End-Use Industry,?Automotive?has the largest market share in?2022.
In the automotive industry, the application of conformal coatings is driven by their ability to protect sensitive electronic components from the harsh and dynamic conditions within vehicles. These coatings act as a shield against moisture, chemicals, temperature variations, and vibrations, thereby enhancing the longevity and reliability of automotive control systems, sensors, entertainment systems, and other electronics. As the automotive sector advances with innovations in electric vehicles, autonomous driving, and connected technologies, the demand for conformal coatings continues to grow to ensure the seamless operation and durability of electronic components in this evolving landscape.
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Asia Pacific is projected to register the highest CAGR in 2022
Asia Pacific is projected to register the highest CAGR in 2022, in this market. Rapid industrialization in countries like China, India, and Southeast Asian nations has led to the proliferation of industrial electronics and automation systems. Conformal coatings play a crucial role in safeguarding these components in harsh industrial environments, contributing to their longevity and consistent performance. The Asia-Pacific region is a global hub for electronics manufacturing, encompassing industries such as consumer electronics, automotive, telecommunications, and more. As the demand for electronic devices and components continues to surge, the need for reliable protection against environmental factors like moisture, dust, and chemicals has driven the demand for conformal coatings.
The key companies in the conformal coatings are Henkel (Germany), Illinois Tool Works (ITW) (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax (US), MG Chemicals (Canada), Specialty Coating Systems, Inc. (US) and others.