Conformal Coatings Market Dynamics, Growth Prospect and Consumption Analysis till 2030

Posted on 2022-12-26 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Dec 26, 2022 — /EPR Network/ —

Conformal Coatings Industry Overview

The global conformal coatings market size was valued at USD 930.89 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.

The growth of conformal coatings depends on their use in various automotive, medical, consumer electronics, and aerospace & defense applications. With the increasing popularity of miniaturized circuitry and electronic devices, conformal coatings demand has witnessed a surge in the modern printed circuit board (PCB)-related applications.

It spreads as a thin polymeric film over the substrate at 25-250µm and conforms to the shape of the covered components, protecting them from extreme temperatures, chemicals, salt spray, and moisture. Major industry players are focusing on integrating their operations by venturing into raw material manufacturing and distribution sectors to gain a competitive edge in the market. Companies such as Dow Corning Corporation and Shin Etsu Chemical Company have entered into the distribution sector to cut down costs spent on third-party intermediaries.

Gather more insights about the market drivers, restrains and growth of the Global Conformal Coatings Market

The conformal coating demand in the U.S. was valued at USD 200.15 million in 2021. The high market share of the country is attributed to the presence of the well-established automotive, aerospace & defense, and electronics industry. The growing demand for durable coatings with superior corrosion resistance is expected to drive industry growth. Consumer electronics has been a significant driver contributing to the conformal coatings market growth in the U.S.

The growing adoption of wireless connectivity, technological advancements in consumer electronic equipment, and the growing popularity of wearable electronic devices are driving the consumer electronics application segment in the U.S., contributing to the conformal coatings market growth in the country. Moreover, during the COVID-19 pandemic in 2020, physical gaming events were halted, which extensively drove the demand for games such as Fortnite, a video game developed by U.S.-based Epic Games, Inc, which helped to further drive the demand for electronic devices and propel the conformal coatings market growth.

The U.S. aerospace industry is one of the largest aerospace industries in the world. The Federal Aviation Administration (FAA) has established Bilateral Aviation Safety Agreements (BASAs) in 47 countries to facilitate the trade of U.S.-made aerospace products. Such trade agreements of U.S. aerospace sector governing bodies to grow the aerospace products trade drive the demand for conformal coatings in the U.S.

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

Zero Friction Coatings Market – The global zero friction coatings market size was valued at USD 826.8 million in 2021 and is projected to witness a compound annual growth rate (CAGR) of 5.6% in terms of revenue from 2022 to 2030.
Physical Vapor Deposition Market – The global physical vapor deposition market size was valued at USD 2.65 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.

Conformal Coatings Market Segmentation

Grand View Research has segmented the global conformal coatings market based on product, application, and region:

Conformal Coatings Product Outlook (Revenue, USD Million, 2019 – 2030)
- Acrylic
- Epoxy
- Urethane
- Silicone
- Parylene
Conformal Coatings Application Outlook (Revenue, USD Million, 2019 – 2030)
- Consumer Electronics
- Automotive
- Medical
- Aerospace & Defense
- Others
Conformal Coatings Regional Outlook (Revenue, USD Million, 2019 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Conformal Coatings market include

Henkel AG & Co. KGaA
Chemtronics
Shin-Etsu Chemical Co., Ltd.
Dow
H.B. Fuller Company
Chase Corp
Electrolube
Europlasma NV
MG Chemicals
KISCO LTD
Dymax Corporation
ALTANA AG
ACC Silicones Limited
CSL Silicones Inc.
Aalpha Conformal Coatings

Order a free sample PDF of the Conformal Coatings Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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