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 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.

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:

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

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. H?nle AG) and Shin-Etsu Chemical Co. Ltd. Key Questions Answered in This Report:
How has the global conformal coatings market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global conformal coatings market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technologies?
What is the breakup of the market based on the operation method?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global conformal coatings market and who are the key players?
What is the degree of competition in the industry?