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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| 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 & Defense, Automotive & 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, EMR’s 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, 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. |
*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
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, 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 2021-2026, 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, 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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