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Global Conformal Coating Market InsightFebruary 9, 2022 Comments
The conformal coating is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Conformal Coating Professional Survey Report 2022, Forecast to 2027”, Global conformal coatings market share will expand over 2022-2027 with increased demand from consumer electronics application. Demand for high-performance printed circuit boards (PCBs) in the automotive and aerospace sectors will foster the industry growth. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.69% base on WK-chem Research regression analysis model.
The global conformal coatings market is highly fragmented owing to the presence of numerous manufacturers. The top priority for industry players should be investing in R&D activities to develop innovative eco-friendly coatings, said, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. However, several government and federal agencies, including the U.S. Environmental Protection Agency, the U.S. Occupational and Health Administration (OSHA), and the U.S. National Institute for Occupational Safety and Health (NIOSH), have implemented legislation and regulations regarding the release of VOCs into the environment. These stringent regulations are expected to pose challenges to industry players.
Conformal coating is highly preferred in PCBs, which are used in high-end applications in aerospace & defense and automotive industries. The aerospace & defense industry uses conformal coatings in space shuttle controls & systems, aircraft communications & controls, satellite systems, robotic cable assemblies, lightening protection chassis, and other similar technologies.
For the aerospace & defense industry, reliability on conformal coatings performance is the overriding issue. Conformal coatings in aerospace electronics must perform in extreme environments and hazardous situations. There is a difference in the electronics used in the aerospace & defense industry and the ones used in other industries. Electronics used in this industry are smaller in size that reduces the weight of the components and increases their functionality as well as performance. New technologies need to be thoroughly tested to check their reliability before they can be used in critical applications.
PCBs used in the aerospace & defense sector have the tolerance levels of ±0.0005 on etched features. Conformal coatings should also meet specific aerospace standards such as RTCA-DO-160 and MIL-STD-810 in order to get reliability tag from end users. These factors prove the increased operational parameters for electronic components in the aerospace & defense industry. The growth in this industry is likely to slow down due to the COVID-19 pandemic since air travel has been restricted around the world. Almost every airline has grounded a majority of its aircraft and is deferring orders for new ones as well. Aircraft manufacturing, too was halted due to complete lockdowns in countries of North America and Europe, which are the hubs of aircraft manufacturing.
The automotive industry requires PCB that can withstand high temperatures, moisture, and chemicals such as oils and lubricants for high-end applications such as automatic driver assistance systems (ADAS). ADAS has been increasingly adopted in premium cars, and it is the main user of high-density interconnection (HDI) and rigid-flex boards. These applications will drive the market for conformal coatings for the protection of these components for a longer period of time.
The trend compacts and lighter electronic devices and end-use components have driven the need for miniaturization in PCBs as well. The PCB industry plays a prominent role in the development of electronic gadgets. The use of smaller PCBs results in lower material requirements, reduce space requirements, and fewer recycling requirements. The development of High-Density Interconnect (HDI), a PCB with a greater number of interconnections and occupying minimal space, enables PCB manufacturers in miniaturization of the circuit board. The components in these PCBs are placed closer, and the board space is significantly reduced, without compromising the functionality. Though these trends enabled the manufacturing of efficient electronics devices, miniaturization has resulted in a reduction in the use of coating volumes per PCBs.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Conformal Coating companies that include Henkel (Germany), Dow Inc. (US), H.B. Fuller (US), Daikin (Japan), Nordson (US), Shin-Etsu Chemical Co., Ltd (Japan), Hernon Manufacturing (US), Electrolube (UK), KISCO (Japan), Dymax Corporation (US), Chase Corporation (US), Avantor (US), MG Chemicals (Canada), Altana (Elantas) (Germany), CSL Silicones Inc. (Canada), Crossroads Coatings (US)
Segmentation of Conformal Coating Market:
According to the type conformal coating industry can be subdivided into Acrylic, Silicone, Epoxy, Urethane, and Parylene. Parylene conformal coating is a unique type of coating as it is produced at room temperature and is applied through vapour phase deposition method. These coatings offer very high dielectric strength, superior resistance to moisture, solvent and extreme temperature. As parylene is applied using vapour phase method a very thin film, this coating provides excellent circuit board protection. It can penetrate easily and can be used on various substrates such as glass, metal, plastic, and elastomer.
Conformal Coating is widely used in consumer electronics, automotive, aerospace & defense, industrial and telecommunication. Among them, the automotive industry occupies the main market. Conformal coatings are utilized in the manufacturing of automotive electronics, as they assist in alleviating the vibrations and mechanical stress. Growing automotive sector especially in Asia Pacific and rising consumer demand for enhanced driving experience is likely to augment the product demand for automotive electronic devices over the forecast period.
Telecommunication is the second-largest end-use segment in the overall conformal coatings market. The dawn of 5G has changed the landscape of communication in recent years. Its implementation is expected to bring endless opportunities for all the stakeholders in the value chain. The demand for PCB from this industry is expected to grow rapidly as PCBs are an essential part of 5G infrastructure. Every 5G base station requires huge volumes of PCBs which need to be protected from harsh environment for optimum performance.
Conformal Coating Market: Regional Analysis
In terms of geography, the global Conformal Coating market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia-Pacific is expected to dominate the market for conformal coatings during the forecast period. Due to the high demand for applications from countries like China, India, and Japan, the demand for the market studied has been increasing. China is the world’s largest electronics production base and offers tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, have the highest growth rates in the consumer electronics segment of the market in terms of demand.
In terms of value, over 50% of global printed circuits (PCBs) are manufactured in China (as given in the graph), owing to incentives offered by the government to PCB factories. Moreover, the country is well-known for producing circuit boards at low costs. Thus, all the aforementioned factors, in turn, are projected to increase the demand for conformal coatings in the region during the forecast period.
Largest share area：Asia Pacific
Largest share country
Product Type：Acrylic, Silicone, Epoxy, Urethane, and Parylene
Application：Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication
Leading Company：Henkel, Dow Inc., H.B. Fuller, Daikin, Nordson