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Conformal Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global conformal coatings market reached a value of US$ 11.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.92 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A conformal coating is a thin polymeric layer used to protect printed circuit board (PCB) from corrosion, dust, chemicals and extreme environments. It conforms to the surface of PCB through brushing, spraying, dipping, and vapor deposition and helps design miniaturized electronics and circuits by allowing larger voltage gradients and closer track spacing. In addition, it extends the working life of PCB by preventing the damage from rough handling and mechanical and thermal stress. As a result, it finds applications in televisions, music players, video recorders, cameras, gaming consoles, remote cars, smartphones, computers, laptops, printers, faxes, and wearable devices worldwide.

 

 
 

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Conformal Coatings Market Trends:

The growing utilization of conformal coatings in the aerospace industry for protecting space shuttle, aircraft communication, passive detection and satellite systems represents one of the key factors driving the market. Moreover, there is a rise in the usage of PCBs in the automotive sector to withstand high temperatures, moisture, and chemicals. This, along with the expanding application of automatic driver assistance systems (ADAS) in premium cars, is bolstering the growth of the market. In addition, increasing employment of conformal coatings in the healthcare industry to protect medical devices and equipment from thermal shocks and short circuits is positively influencing the market. Besides this, 5G networks require PCBs to prevent lost signals and delayed transmissions. This, in turn, is stimulating the market growth of conformal coatings. Additionally, the escalating demand for water-resistant electronic devices across the globe is contributing to the market growth. Furthermore, key market players are extensively investing in research and development (R&D) activities to develop cost-effective and ultra-thin coatings required in nanotechnologies, which is projected to propel the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global conformal coatings market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technologies, operation method and end use.

Breakup by Type:

 

 
 

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  • Acrylic
  • Silicone
  • Epoxy
  • Urethane
  • Parylene
  • Others
     

Breakup by Technologies:

  • Solvent-based
  • UV-cured
  • Water-based
     

Breakup by Operation Method:

  • Dip Coating
  • Spray Coating
  • Brush Coating
  • Chemical Vapor Deposition (CVD)
     

Breakup by End Use:

  • Consumer Electronics
  • Automotive
  • Medical
  • Aerospace and Defense
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Altana AG, Chase Corporation, CHT Germany GmbH, Dow Inc., Dymax Corporation, Electrolube (HK Wentworth Group), Europlasma NV, H.B. Fuller Company, Henkel AG & Co. KGaA, MG Chemicals, Panacol-Elosol GmbH (Dr. Hönle AG) and Shin-Etsu Chemical Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Technologies, Operation Method, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Altana AG, Chase Corporation, CHT Germany GmbH, Dow Inc., Dymax Corporation, Electrolube (HK Wentworth Group), Europlasma NV, H.B. Fuller Company, Henkel AG & Co. KGaA, MG Chemicals, Panacol-Elosol GmbH (Dr. Hönle AG) and Shin-Etsu Chemical Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Conformal Coatings Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Acrylic
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Silicone
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Epoxy
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Urethane
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Parylene
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Technologies
    7.1    Solvent-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    UV-cured
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Water-based
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Operation Method
    8.1    Dip Coating
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Spray Coating
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Brush Coating
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Chemical Vapor Deposition (CVD)
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End Use
    9.1    Consumer Electronics
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Automotive
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Medical
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Aerospace and Defense
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Altana AG 
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 SWOT Analysis
        15.3.2    Chase Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    CHT Germany GmbH
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Dow Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Dymax Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Electrolube (HK Wentworth Group)
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Europlasma NV
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    H.B. Fuller Company
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Henkel AG & Co. KGaA
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    MG Chemicals 
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Panacol-Elosol GmbH (Dr. Hönle AG)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Shin-Etsu Chemical Co. Ltd
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Conformal Coatings Market: Major Drivers and Challenges
Figure 2: Global: Conformal Coatings Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Conformal Coatings Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Conformal Coatings Market: Breakup by Type (in %), 2021
Figure 5: Global: Conformal Coatings Market: Breakup by Technologies (in %), 2021
Figure 6: Global: Conformal Coatings Market: Breakup by Operation Method (in %), 2021
Figure 7: Global: Conformal Coatings Market: Breakup by End Use (in %), 2021
Figure 8: Global: Conformal Coatings Market: Breakup by Region (in %), 2021
Figure 9: Global: Conformal Coatings (Acrylic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Conformal Coatings (Acrylic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Conformal Coatings (Silicone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Conformal Coatings (Silicone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Conformal Coatings (Epoxy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Conformal Coatings (Epoxy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Conformal Coatings (Urethane) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Conformal Coatings (Urethane) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Conformal Coatings (Parylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Conformal Coatings (Parylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Conformal Coatings (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Conformal Coatings (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Conformal Coatings (Solvent-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Conformal Coatings (Solvent-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Conformal Coatings (UV-Cured) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Conformal Coatings (UV-Cured) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Conformal Coatings (Water-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Conformal Coatings (Water-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Conformal Coatings (Dip Coating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Conformal Coatings (Dip Coating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Conformal Coatings (Spray Coating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Conformal Coatings (Spray Coating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Conformal Coatings (Brush Coating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Conformal Coatings (Brush Coating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Conformal Coatings (Chemical Vapor Deposition (CVD)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Conformal Coatings (Chemical Vapor Deposition (CVD)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Conformal Coatings (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Conformal Coatings (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Conformal Coatings (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Conformal Coatings (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Conformal Coatings (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Conformal Coatings (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Conformal Coatings (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Conformal Coatings (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Conformal Coatings (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Conformal Coatings (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North America: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North America: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United States: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United States: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Canada: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Canada: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Asia-Pacific: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Asia-Pacific: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: China: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: China: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Japan: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Japan: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: India: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: South Korea: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: South Korea: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Australia: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Australia: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Indonesia: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Indonesia: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Europe: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Europe: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Germany: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Germany: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: France: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: France: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: United Kingdom: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: United Kingdom: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Italy: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Italy: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Spain: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Spain: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Russia: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Russia: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Latin America: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Brazil: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Brazil: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Mexico: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Mexico: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Middle East and Africa: Conformal Coatings Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Middle East and Africa: Conformal Coatings Market: Breakup by Country (in %), 2021
Figure 93: Middle East and Africa: Conformal Coatings Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: Conformal Coatings Industry: SWOT Analysis
Figure 95: Global: Conformal Coatings Industry: Value Chain Analysis
Figure 96: Global: Conformal Coatings Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Conformal Coatings Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Conformal Coatings Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Conformal Coatings Market Forecast: Breakup by Technologies (in Million US$), 2022-2027
Table 4: Global: Conformal Coatings Market Forecast: Breakup by Operation Method (in Million US$), 2022-2027
Table 5: Global: Conformal Coatings Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 6: Global: Conformal Coatings Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Conformal Coatings Market: Competitive Structure
Table 8: Global: Conformal Coatings Market: Key Players


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Key Questions Answered in This Report

The global conformal coatings market was valued at US$ 11.72 Billion in 2021.

We expect the global conformal coatings market to exhibit a CAGR of 6.10% during 2022-2027.

The rising application of conformal coatings in cameras, gaming consoles, remote cars, smartphones,
etc., to protect their Printed Circuit Board (PCB) from corrosion, dust, chemicals, and extreme
environments, is primarily driving the global conformal coatings market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
conformal coatings.

Based on the type, the global conformal coatings market has been segmented into acrylic, silicone,
epoxy, urethane, parylene, and others. Currently, acrylic holds the majority of the total market share.

Based on the end use, the global conformal coatings market can be divided into consumer electronics,
automotive, medical, aerospace and defense, and others. Among these, the consumer electronics sector
exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global conformal coatings market include Altana AG, Chase
Corporation, CHT Germany GmbH, Dow Inc., Dymax Corporation, Electrolube (HK Wentworth Group),
Europlasma NV, H.B. Fuller Company, Henkel AG & Co. KGaA, MG Chemicals, Panacol-Elosol GmbH (Dr.
Hönle AG), and Shin-Etsu Chemical Co. Ltd.

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