Conformal Coatings Market Is Expected To Accelerate At A CAGR of 4% To Top US$ 15 Bn by 2031| Fact.MR

Posted on 2022-11-06 by Fact.MR in Chemicals // 0 Comments

Conformal coatings for printed circuit boards, the market was valued at US$ 11 Bn in 2020, and is expected to accelerate at a CAGR of 4% to top US$ 15 Bn by 2031. Demand for acrylic conformal coatings for PCBs to surge at a CAGR of 3.5% across the assessment period of 2021 to 2031.

Owing to the protection offered to high-performing electronics from environmental conditions impacting circuit performance leading to premature failure, demand for conformal coatings for PCBs is likely to grow positively over the coming years.

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Key Takeaways from Market Study

Global conformal coatings market for printed circuit boards to top US$ 15 Bn by 2031.
Acrylic conformal coatings for PCBS projected to reach around US$ 7 Bn by 2031.
Epoxy conformal coatings is projected to record above 4% CAGR over next 10 years.
Market in Japan to record 2% CAGR over forecast period of 2021- 2031.
China forecast to reach projected market size above US$ 3 Bn by 2031.
Market in Canada projected to expand at above 3% CAGR over 10 years.

“With extensive application of PCBs in consumer electronics, including smartphones, computers, home appliances, and entertainment systems, along with advancement in these devices and appliances, demand for conformal coatings for PCBs is significantly growing,” says a Fact.MR analyst.

Market Competition

Key manufacturers with significant production capacities dominate the global conformal coatings market for printed circuit boards. Large players are highly integrated, which helps them reduce production costs and gain a competitive edge in the market.

Key players focus on new innovations and technologies in order to enhance their market share and serve diverse industries. Prominent companies have an advantage due to their extensive presence across the value chain as compared to other manufacturers of conformal coatings for printed circuit boards.

Several market leaders are heavily capitalizing on R&D accomplishments in order to develop exceptional environment-friendly coatings products.

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Key Companies Profiled :

Chase Corporation
Shin Etsu Chemical Company Limited
Electrolube
H.B. Fuller Company
Europlasma N.V.
AI Technology, Inc.
KISCO Limited
Aalpha Conformal Coating
Chemtronics
MG Chemicals
HemiSeal
Global Manufacturing Services Inc.
Specialty Coating Systems Inc.

Key Segments in Conformal Coatings for PCBs Industry Research

Product
- Polyurethane Conformal Coatings for PCBs
- Acrylics Conformal Coatings for PCBs
- Silicone Conformal Coatings for PCBs
- Parylene Conformal Coatings for PCBs
- Epoxy Conformal Coatings for PCBs
- Fluoropolymer Conformal Coatings for PCBs
Operation Method
- Spray Coating
- Dip Coating
- Brush Coating
- CVD
Technology
- Solvent-based Conformal Coatings for PCBs
- Water-based Conformal Coatings for PCBs
- UV-cured Conformal Coatings for PCBs
- LED-curable Conformal Coatings for PCB
End Use
- Consumer Electronics
- Medical
- Marine
- Defense
- Automotive
- Industrial Machinery & Equipment
- Aerospace

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Questionnaire answered in the Conformal Coatings Market report include:

How the market for Conformal Coatings has grown?
What is the present and future outlook of the global Conformal Coatings on the basis of region?
What are the challenges and opportunities for the Conformal Coatings?
Why the consumption of Conformal Coatings highest in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Conformal Coatings market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Conformal Coatings market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Conformal Coatings market and assists to create strategies to overcome the obstacles that may hinder the growth of the Conformal Coatings market.
Leverage: The Conformal Coatings market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Conformal Coatings market.

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