The Conformal Coatings Market deals with the development, manufacture and distribution of conformal coating material and other supporting conformal coating services. Conformal coating machines and other supporting conformal coating equipment protect electronic circuits from exposure to moisture and chemical contamination by forming a protective layer.
The Conformal Coatings Market describes conformal coating material as polymeric film with a thickness of 25-75µm while conforming to the measurements of a circuit board. This naturally leads to the term conformal coating electronics, which have a prolonged shelf-life.
Conformal coating electronics are protected from extreme temperatures, chemicals, dust, etc., to ensure their safety. Electronics equipment which does not meet up with the latest conformal coating standards is more likely to suffer damage or machine failure. Conformal coating suppliers have noticed that manufacturers prefer implementing the latest conformal coating standards over potting.
Scope & Regional Forecast of the Conformal Coatings Market
The Conformal Coatings Market has attributed a few factors as the prime market growth factors: rapid advancement and release of new technology; the growing demand from Asia-Pacific’s automotive as well as transportation industries; increasing usage of conformal coating machines in aerospace as well as defense industries; and the ubiquity of consumer electronics in daily life.
The Conformal Coatings Market also faces a couple of challenges in the form of high replacement as well as repair costs and restraints on developing technology. So far, the consumer electronics and electronics in vehicles segments have exhibited the largest demand for conformal coating equipment and conformal coating services. Conformal coating suppliers figure prominently in the automotive industry as the development of autonomous cars has raised the priority of protecting on-board computers and sensors further.
Until now, the Conformal Coatings Market has been dominated by demand from the Asia-Pacific region which is also predicted to exhibit the fastest future growth. This is due to the presence of growing automotive, electronics and transportation hubs in this region. The rising usage of electronics in daily life as well as a consumer demand for high performance in harsh or difficult climate has propelled the electronics segment to hold the largest market share in the Conformal Coatings Market.
Segmentations & Key Players Involved in the Conformal Coatings Market
According to IndustryARC findings, the Conformal Coatings Market can be broken down into various segmentations on the basis of –
Type: Acrylics, Epoxy, Urethane, Silicone, Parylene and Others.
End-User: Automotive and Transportation, Electronics, Aerospace, Defence, Industrial, Marine and Others.
Geographical Location: Europe, Asia-Pacific, North America and RoW (Rest of the World).
Some of the key players involved in the Conformal Coatings Market according to IndustryARC are as follows:
- Dymax Corporation
- MG Chemicals
- Europlasma NV
- DOW Corning
- H.B. Fuller
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