Conformal Coatings Market Definition
Conformal coatings are protecting materials that are designed to conform to the surface of printed circuit boards for the purpose of providing a durable barrier against environmental contaminants and pollutants. A conformal coating is typically applied as a thin film with a thickness of 0.075mm to 0.2 mm. The physical and chemical compositions of various coatings differ, and thereby offer varying degrees of protection. Moreover, conformal coatings prevent corrosion of conductors, short circuits and solder joints by providing a barrier against moisture, chemical impurities, and dust. The conformal coatings offer durable insulation to help components tolerate shock and resist abrasion. The coatings also serve to reduce mechanical and thermal stresses on the components. This application has led to significant growth in the market in the forecast period.
The market study is broken down by Type (Acrylic, Epoxy, Urethane, Silicone and Parylene) and major geographies with country level splits.
The Vendors having a strong hold in the market are Henkel AG & Co. kgaA, Illinois Tool Works Inc., The Dow Chemical Industry, and Altana AG Electrical Insulation. Research Analyst at AMA estimates that United States and European Vendors will contribute to the maximum growth of Global Conformal Coatings market throughout the predicted period.
Henkel AG & Co. kgaA (Germany), Illinois Tool Works Inc. (United States), The Dow Chemical Industry (United States), Altana AG Electrical Insulation (Germany), Specialty Coatings System Inc. (United States), Global Manufacturing Services, Inc (United States), HemiSeal (United States), H.B.Fuller Company (United States) and Electrolube (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Europlasma NV (Belgium), Chemtronics (India) and Shin-Etsu Chemical Co., Ltd (Japan).
AdvanceMarketAnalytics has segmented the market of Global Conformal Coatings market by Type, Application and Region.
On the basis of geography, the market of Conformal Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Verticals, the sub-segment i.e. Consumer Electronics will boost the Conformal Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Dip Coating will boost the Conformal Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 08, October 2018, Electrolube has launched a series of innovative new polyurethane and silicone conformal coating products at SMT Hybrid Packaging exhibition, which takes place in Nuremberg. The company has extended the range with the new 2K550, 2K850 and 2K750 conformal coatings.
- Increasing Demand from the Electronics, Automotive, Aerospace & Defense, and Medical Industries
- Increasing Demand for Consumer Electronics
- Rising Demand for Electronic Devices in Automotive in Emerging Economies
- Rising Technological Advancements and Automation Coupled with Increasing Purchasing Power among Consumers
- Robust Competitive Rivalry Might Stagnant Demand of the Conformal Coatings
Key Target AudienceConformal Coatings Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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