Global Conformal Coatings Market is anticipated to reach a USD XX by 2026 at a CAGR of about 7% during a forecast period of 2017-2026. Conformal coatings are specially used for protecting the circuit boards and other electronic components from grating environmental conditions. Growing innovations of electronic devices such as mobile phones and vehicle engines are boosting the demand across the globe. The growing trend of manufacturing lightweight automobiles is expected to boost the demand for electronic components in turn driving the conformal coatings market.
Conformal coatings are segmented into acrylic, silicone, polyurethane, epoxy, Fluoropolymers and perylene. Out of these acrylic coating is used broadly as it is easy to apply and remove or rework also offers good abrasion resistant, high moisture resistance, fair elasticity, high dielectric strength and fungus resistance. Acrylic holds a major share in a conformal coatings market followed by epoxy and silicone. Silicone conformal coatings emit superior flexibility, chemical resistance and salt spray resistance. Removal of silicone conformal coatings is quite difficult as it requires specialized solvents and long soaking time. Polyurethane conformal coatings are popular for their superior resistance to moisture and chemicals offers high abrasion and excellent adhesion. Epoxy conformal coatings provide resistance to humidity and high resistance to abrasion and chemical. Cured epoxy is very difficult to remove. Parylene conformal coating offers excellent dielectric strength and superior resistance to solvents and extreme temperatures. Parylene conformal coating is applied by vapor-phase deposition. Fluoropolymer-based conformal coatings are dissolved in a fluorocarbon-based carrier solvent and they are applied as a thin coat. In terms of end-use conformal coating is segmented into Consumer Electronics, Medical, Automotive, Defense, Aerospace, Marine, Industrial Machinery and Equipment. Electronic segment holds the largest share followed by automotive, medical and aerospace and defence. Use of electronic systems, music systems, GPS, and cameras in vehicles is growing rapidly and the use of conformal coatings is finding more applications. Aerospace industry with its high safety requirements also has vital application for conformal coatings, where rapid compression and decompression can affect the performance of circuitry. Asia-Pacific dominated the conformal coatings market and is anticipated to grow at higher rate owing to high demand in China and India. Increased demand from the electronics, automotive, aerospace & defense, and medical industries is creating the good market for conformal coatings in APAC region. China is the largest market for conformal coatings globally with major demand from the electronics industry. North America is second largest followed by Europe. Some of the key companies profiled and analysed in the report are Chase Corporation , Henkel AG & KGaA , Illinois Tool Works, Shin-Etsu Chemical Company Limited, Dow Corning, H.B. Fuller, Electrolube, Europlasma NV, MG Chemicals, and Kisco Conformal Coatings are some of the keyplayer of conformal coatings market.
The Scope of the Global Conformal Coatings Market:
Global Conformal coatings Market By Product Type:
• Epoxy • Parylene • Fluoropolymers • Acrylics • Silicone • Polyurethane
Global Conformal coatings Market By End-Use Type:
• Electronics • Aerospace and defence • Industrial Machinery and Equipment • Medical • Automotive
Global Conformal coatings Market By Region:
• Asia Pacific • Europe • North America • Middle East & Africa • Latin America
Key Players Analysed in the Global Conformal Coatings Market:
• Dow Corning • Henkel AG & KGaA • Shin-Etsu Chemical Company Limited, • H.B. Fuller • Chase Corporation • MG Chemicals, Dow Corning • BASF SE • Aditya Birla Chemicals • Chase Corporation • Henkel AG & KGaA • Illinois Tool Works • Shin-Etsu Chemical Company Limited • Electrolube • Europlasma NV • MG Chemicals • Kisco Conformal Coatings • Dymax Corporation • Cytec Industries • Glenro Inc. • Epoxies Etc • Henron Manufcaturing • ITW Chemtronics • Master Bond Inc.
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
Report Published by: Maximize Market Research
