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Global Conformal Coatings Market: By Type: Silicone, Acrylic, Epoxy, Urethane, Parylene, Others; By End Use: Electronics, Aerospace and Defense, Automotive and Transportation, Industrial, Marine, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Conformal Coatings Market Outlook
The global conformal coatings market was valued at USD 11.3 billion in 2020 and is expected to grow at a CAGR of 5% during the forecast period 2023-2028.
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Conformal coatings are finding rising applications in professional electronic devices due to the fast development of the electronic sector. Acrylic conformal coatings find the largest market share among other types of conformal coatings. Acrylic conformal coatings are low-cost and easy to use. They are resistant to the fungus, offer longer than average lives, and have excellent protection against moisture. This sort of coating protects the electrical circuit from humidity, dirt, dust, and heat shocks, which can destroy, shorten, or harm the electrical element. It isolates against high-voltage arcing, short circuits, and static discharges and also offers high-voltage dielectric resistance. For most acrylic-conforming coating applications, labour costs are also smaller, as they require minimum touch time and do not require unique or expensive machinery to be applied.
Properties and Applications
A conformal coating is a chemical protective barrier or polymer film that protects circuit boards against hostile environments. They are used as thin layers of few micrometres to protect the circuitry from extreme humidity, salt spray, dust, chemicals, and temperature to prevent corrosion, mould development, and electrical failure.
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Based on its end-use segments, the conformal coatings market can be segmented into:
- Electronics
- Aerospace and Defence
- Automotive and Transportation
- Industrial
- Marine
- Others
Based on its type, the conformal coatings market can be categorised as silicone, acrylic, epoxy, urethane, parylene, and others.
The EMR report looks into the regional conformal coatings markets like North America, LATAM, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The growing demand for reliable electronics devices and equipment and the increasing automation across end-use industries are the major drivers for this market. The growing defence spending combined with the technological advancements in the aerospace and defence sector is expected to propel the industry forward. The rising demand from the emerging economies in the Asia Pacific like India is expected to provide further impetus for the market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global conformal coatings market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Henkel AG & Company, KGaA (OTCMKTS: HENKY)
- Chemtronics Technologies Pvt. Ltd.
- Shin-Etsu Chemical Co., Ltd.
- DOW Corning
- H.B. Fuller
- Chase Corporation
- Electrolube
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Silicone, Acrylic, Epoxy, Urethane, Parylene, Others |
| Breakup by End Use | Electronics, Aerospace and Defense, Automotive and Transportation, Industrial, Marine, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Henkel AG & Company, KGaA, Chemtronics Technologies Pvt. Ltd., Shin-Etsu Chemical Co., Ltd., DOW Corning, H.B. Fuller, Chase Corporation, Electrolube, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Conformal Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Conformal Coatings Historical Market (2018-2022)
8.3 Global Conformal Coatings Market Forecast (2023-2028)
8.4 Global Conformal Coatings Market by Type
8.4.1 Silicon
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Acryclic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Epoxy
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Urethane
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Parylene
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Conformal Coatings Market by End Use
8.5.1 Electronics
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aerospace and Defense
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Automotive and Transportation
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Industrial
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Marine
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Conformal Coatings Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Henkel AG & Company, KGaA
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Chemtronics Technologies Pvt. Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Shin-Etsu Chemical Co., Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Dow Silicones Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 H.B. Fuller Company
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Chase Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Electrolube
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Conformal Coatings Market: Key Industry Highlights, 2018 and 2028
2. Global Conformal Coatings Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Conformal Coatings Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Conformal Coatings Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Conformal Coatings Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Conformal Coatings Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Conformal Coatings Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Conformal Coatings Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Conformal Coatings Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Conformal Coatings Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Conformal Coatings Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Conformal Coatings Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Conformal Coatings Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Conformal Coatings Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Conformal Coatings Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Conformal Coatings Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Conformal Coatings Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Conformal Coatings Market Structure
Key Questions Answered in the Report
In 2020, the global conformal coatings market attained a value of nearly USD 11.3 billion.
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major drivers of the industry such as rising disposable incomes, increasing population, rising applications in professional electronic devices, rising demand from the developing regions, and growing technological advancements are expected to aid the market growth.
The key market trend guiding the growth of the conformal coatings market include the growing defence spending.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Silicone, acrylic, epoxy, urethane, and parylene, among others the major types of conformal coatings in the industry.
Electronics, aerospace and defence, automotive and transportation, industrial, and marine, among others are the major end uses of conformal coatings.
The major players in the industry are Henkel AG & Company, KGaA, Chemtronics Technologies Pvt. Ltd., Shin-Etsu Chemical Co., Ltd., DOW Corning, H.B. Fuller, Chase Corporation, and Electrolube, among others.
Analyst Review
The global conformal coatings market attained a value of USD 11.3 billion in 2020, driven by rising disposable incomes and the growing technological advancements. The market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the industry can be segmented into silicone, acrylic, epoxy, urethane, and parylene, among others. On the basis of end uses, the industry is divided into electronics, aerospace and defence, automotive and transportation, industrial, and marine, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Henkel AG & Company, KGaA, Chemtronics Technologies Pvt. Ltd., Shin-Etsu Chemical Co., Ltd., DOW Corning, H.B. Fuller, Chase Corporation, and Electrolube, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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