Conformal Coatings Market Is Expected To Reach Around US$ 17.9 Billion by 2028, Grow at a CAGR Of 5.93%

IMARC Group latest research study “Conformal Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global conformal coatings market size reached US$ 12.5 Billion in 2022. Looking forward, the market is expected to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.93% during 2023-2028.

What is Conformal Coatings?

Conformal coatings are thin polymeric layers that protect the printed circuit board (PCB) from chemicals, dust, extreme environmental conditions, and corrosion. They help design miniaturized circuits and electronics by allowing closer track spacing and larger voltage gradients. They conform to the PCB surface through spraying, dipping, vapor deposition, and brushing. They extend the working life of PCB by preventing damage from rough handling and mechanical and thermal stress. As a result, conformal coatings find extensive applications in music players, video recorders, cameras, smartphones, computers, laptops, gaming consoles, remote control cars, televisions, wearable devices, faxes, and printers. 

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Conformal Coatings Market Trends and Drivers:

The global conformal coatings market is primarily driven by the rising product applications in the aerospace industry for protecting satellites, space shuttle, passive detection, and aircraft communication systems. Moreover, the surging adoption of conformal coatings in the healthcare industry to protect medical equipment and devices from short circuits and thermal shocks is positively influencing market growth. 

Additionally, there is a rise in the demand for PCBs in the automotive sector to withstand moisture, chemicals, and high temperatures. In line with this, the expanding application of automatic driver assistance systems (ADAS) in premium cars is contributing to conformal coatings market growth. Besides this, the increasing demand for PCBs in 5G networks to prevent delayed transmissions and lost signals has catalyzed market growth. 

Other factors, including the rising demand for water-resistant electronic devices, ongoing research and development (R&D) activities, and technological advancements in consumer electronics, are also anticipated to propel the market growth.

Global Conformal Coatings Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Conformal Coatings Companies:

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. 

The report has segmented the market on the basis of region, type, technologies, operation method and end use.

Breakup by Type:

• 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:

• 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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5367&flag=C

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2017-2022)

• Market Outlook (2023- 2028)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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