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Global Conformal Coatings Market: By Type: Silicone, Acrylic, Epoxy, Urethane, Parylene, Others; By End Use: Electronics, Aerospace & Defense, Automotive & Transportation, Industrial, Marine, Others; Regional Analysis; Historical Market and Forecast (2016-2026); 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 2021-2026.
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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
- 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.
Key Questions Answered in the Report:
- How has the global conformal coatings market performed in the previous years (2016-2020)?
- What is the forecast assessment of the conformal coatings market for 2021-2026?
- What are the major drivers in the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major constraints in the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major price indicators of the global conformal coatings market?
- Who are the key manufacturers of the conformal coatings market?
- What are the major demand indicators of the global conformal coatings market?
- What is the degree of competition in the global conformal coatings market?
- What are the major events and developments taking place within the global industry?
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Conformal Coatings Market Analysis
6.1 Global Conformal Coatings Market (2016-2020) & Forecast (2021-2026)
6.2 Global Conformal Coatings Market Breakup by Type
6.2.1 Silicone
6.2.2 Acrylic
6.2.3 Epoxy
6.2.4 Urethane
6.2.5 Parylene
6.2.6 Others
6.3 Global Conformal Coatings Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Silicone
6.3.2 Acrylic
6.3.3 Epoxy
6.3.4 Urethane
6.3.5 Parylene
6.3.6 Others
6.4 Global Conformal Coatings Market Breakup by End Use
6.4.1 Electronics
6.4.2 Aerospace & Defense
6.4.3 Automotive & Transportation
6.4.4 Industrial
6.4.5 Marine
6.4.6 Others
6.5 Global Conformal Coatings Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Electronics
6.5.2 Aerospace & Defense
6.5.3 Automotive & Transportation
6.5.4 Industrial
6.5.5 Marine
6.5.6 Others
6.6 Global Conformal Coatings Market by Region
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 United Kingdom
6.6.2.3 France
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Mexico
6.6.4.4 Others
6.6.5 Middle East & Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Global Conformal Coatings Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
6.7.1.1 United States of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 Germany
6.7.2.2 United Kingdom
6.7.2.3 France
6.7.2.4 Italy
6.7.2.5 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 ASEAN
6.7.3.5 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Argentina
6.7.4.3 Mexico
6.7.4.4 Others
6.7.5 Middle East & Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 Henkel AG & Company, KGaA
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Chemtronics
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Shin-Etsu Chemical Co., Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 DOW Corning
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 H.B. Fuller
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Chase Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Electrolube
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Others
10 Industry Events and Developments
Additional Customisations Available:
1 Manufacturing Process
1.1 Detailed Process Flow
1.2 Operations Involved
1.3 Mass Balance
2 Cost Analysis and Project Economics
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
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