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Global Conformal Coatings Market Insight
2022-01-19 Comments

The Conformal Coatings is forecast to fast increase over the next four years. According to the WK-chem Research “Global Conformal Coatings Professional Survey Report 2022, Forecast to 2027”,The factors promoting the growth of the market are the increasing number of PCB manufacturers in the APAC region and growing demand from high end applications that require the use conformal coatings.This makes the conformal Coatings industry develop at an astonishing speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.0% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Conformal Coatings can not only be used to protect printed circuit boards from moisture.” said Mike, Senior analyst, Chemical industry Market Research Center in WK-chem Research. “Industry participants of conformal coatings must consider whether they can provide good overall protection exclusively, and are easy to apply and repair, whether they have high dielectric strength, good moisture resistance and abrasion resistance to adapt to the rapid development of the market.”

Market insight:

With healthcare facilities battling the COVID-19 crisis, demand for medical devices and equipment is high, and as a result, machinery to manufacture this equipment is also in high demand, thus creating opportunities for conformal coating manufacturers. 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,which is expected to promote the global cconformal coatings market.

Currently, the price of conformal coatings is very high, which makes it difficult to penetrate effectively in end-use industries.As the prices of these coatings are high, conformal coating manufacturers are striving hard to minimize the production cost by implementing new technology or minimizing the cost of raw materials.The trend compact 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.

Competition Landscape:

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 Coatings companies that include Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemical (Canada) and Specialty Coating System (US) and others.

Segmentation of Conformal Coatings Market:

According to the type, the market is silicone, acrylic, 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. With healthcare facilities battling the COVID-19 crisis, demand for medical devices and equipment is high, and as a result, machinery to manufacture this equipment is also in high demand, thus creating opportunities for conformal coating manufacturers.Based on the type of application,the market is Automotive,Aerospace & Defense,Industrial,Telecommunication and Others.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.

Conformal Coatings Market: Regional Analysis

In terms of geography, the global Seal Coat market has been segmented into: Asia-Pacific, North America, Europe,South America, Middle-East and Africa. Asia Pacific holds the largest market share. The factors promoting the growth of the market are the increasing number of PCB manufacturers in the APAC region and growing demand from high end applications that require the use conformal coatings.With healthcare facilities battling the COVID-19 crisis, demand for medical devices and equipment is high, and as a result, machinery to manufacture this equipment is also in high demand, thus creating opportunities for conformal coating manufacturers.The conformal coatings  market has witnessed amazing opportunities. The increase in usage has promoted the growth of this market.

 

Cagr: 6.0%
Largest share area:Asia Pacific
Largest share country:China
Product Type:silicone, acrylic, epoxy, urethane, and parylene
Application:Automotive,Aerospace & Defense,Industrial,Telecommunication and Others
Leading Company:Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller