Conformal Coatings Market Research Report - Forecast to 2023

Conformal Coatings Market Information: By Type (Acrylic, Epoxy, Urethane, Silicone, Parylene And Others), End-Use Industry (Electronics, Automobile, Aerospace, Marine, And Others), Region

ID: MRFR/CnM/4330-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis:
Conformal coatings are speciality film forming products that are widely used for protecting the circuit boards and other electronic components from harsh environmental conditions. These coatings possess superior properties such as dielectric resistance, abrasion resistance, and operational integrity. These coatings are categorized as acrylic, silicone, polyurethane, epoxy, and perylene. Among these, acrylic coating is used widely by virtue of easy applicability & removal, high moisture resistance and fungus resistance among others.


Rising demand for consumer electronics is driving the market growth because it protects the devices from heat, dirt, and dust. Growing miniaturization of electronic devices such as mobile phones and vehicle engines is fuelling the product demand across the globe. Usage of conformal coatings has increased with the introduction of various electronic devices namely smart watches, home automation, and cooking equipment. The demand for electronic devices in automotive is growing to ensure the long-term reliability of the vehicles. Expanding automotive industry in the developing economies such as India and China due to rising purchasing power of the consumers is driving market growth. Increasing demand for conformal coatings from end-use industries such as aerospace and automotive to protect the circuit board is augmenting market growth further. For instance, Specialty Coating Systems, the key player in parylene coating services, is likely to exhibit its MIL-I-46058 qualified parylene conformal coatings at DSA Malaysia in April 2018 to be used in the aerospace, military, automotive and electronics industry. HumiSeal introduced a dual-use conformal coating and potting material in 2016, which can either be used to protect PCB or to encapsulate the printed circuit board (PCB) fully.


Global Conformal Coatings Market Share, by end-user industry (%)


 Conformal Coatings Market Share


Regional Analysis


North America accounted for the largest market share in the global conformal coatings market in 2016. This is due to the rising technological advancements and automation coupled with increasing purchasing power among consumers. Expansion of artificial intelligence (AI) enabled services from various companies such as Apple, Google, and Samsung Electronics is widening the scope of application for conformal coatings in electronics. The region is home to some of the leading aircraft manufacturing companies such as Boeing and GenCorp. Escalating aerospace & defence budget over the last five years in the U.S. is slated to influence conformal coatings demand positively. Moreover, increasing sale of semiconductors and electronics manufacturing services is witnessing significant growth over the years.


Europe is another substantial market due to increasing use of electronic devices in the vehicles in order to comply with the emission targets set by the European Union. Regulatory norms in Europe due to environmental issues are driving the demand for fuel-efficient products. Furthermore, Internet of Things (IoT) has accelerated the market growth for electronic devices due to increasing desire of the consumers for technically advanced products, convenience and functionality.


Asia Pacific region is witnessing a significant growth in the market as a result of increasing demand for smartphones, smartwatches and other electronic devices coupled with rising purchasing power and improving  living standard of the consumers. Expanding automobile industry in the developing regions such as India, China, Thailand, and South Korea is propelling the market growth. For instance, according to the Indian Brand Equity Foundation, the sale of electric cars in India increased to 25,000 in the year 2016-2017, and the vehicle production grew by 14% per year on year basis.


Segmentation


The global conformal coatings market is segmented into type, end-use industry, and region.


On the basis of the type, the market is divided into acrylics, epoxy, urethane, silicone, parylene and others.


Based on the end-use industry, the market is segmented into electronics, automobile, aerospace, marine and others.


Geographically, the market is divided into five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the Key players in the global conformal coatings market are The Dow Chemical Industry (U.S.), Specialty Coatings System Inc. (U.S.), Global Manufacturing Services, Inc (U.S.), HemiSeal (U.S.), Henkel AG & Co. kgaA (Germany), Chemtronics (India), H.B.Fuller Company (U.S.), Electrolube (UK), Europlasma NV (Belgium), and Shin-Etsu Chemical Co., Ltd (Japan).


Intended Audience



  • Conformal coatings manufacturers

  • Traders and distributors of conformal coatings

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory


 



Frequently Asked Questions (FAQ) :


Major players impacting the conformal coating market would be Specialty Coatings System Inc. (U.S.), The Dow Chemical Industry (U.S.), HemiSeal (U.S.), Henkel AG & Co. kgaA (Germany), Global Manufacturing Services, Inc (U.S.), H.B.Fuller Company (U.S.), Chemtronics (India), Europlasma NV (Belgium), Electrolube (UK), and Shin-Etsu Chemical Co., Ltd (Japan).

North America would take the lead of the global conformal coatings market.

Automotive and electronics industries would ensure strong growth for the global conformal coatings market.

The acrylic segment would ensure strong growth for the conformal coatings market.

The top players would rely on strategies including collaboration, brand positioning, acquisition, product launch, merger, innovation, rising R&D investment, and others for the growth of the conformal coatings market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Conformal Coatings Market

5 Industry Overview of Global Conformal Coatings Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Conformal Coatings Market by Type

7.1 Introduction

7.2 Acrylic

7.2.1 Market Estimates & Forecast, 2016-2023

7.2.2 Market Estimates & Forecast by Region, 2016-2023

7.3 Epoxy

7.3.1 Market Estimates & Forecast, 2016-2023

7.3.2 Market Estimates & Forecast by Region, 2016-2023

7.4 Urethane

7.4.1 Market Estimates & Forecast, 2016-2023

7.4.2 Market Estimates & Forecast by Region, 2016-2023

7.5 Silicone

7.5.1 Market Estimates & Forecast, 2016-2023

7.5.2 Market Estimates & Forecast by Region, 2016-2023

7.6 Parylene

7.6.1 Market Estimates & Forecast, 2016-2023

7.6.2 Market Estimates & Forecast by Region, 2016-2023

7.7 Others

7.7.1 Market Estimates & Forecast, 2016-2023

7.7.2 Market Estimates & Forecast by Region, 2016-2023

8. Global Conformal Coatings Market by End Use Industry

8.1 Introduction

8.2 Electronics

8.2.1 Market Estimates & Forecast, 2016-2023

8.2.2 Market Estimates & Forecast by Region, 2016-2023

8.3 Automobile

8.3.1 Market Estimates & Forecast, 2016-2023

8.3.2 Market Estimates & Forecast by Region, 2016-2023

8.4 Aerospace

8.4.1 Market Estimates & Forecast, 2016-2023

8.4.2 Market Estimates & Forecast by Region, 2016-2023

8.5 Marine

8.5.1 Market Estimates & Forecast, 2016-2023

8.5.2 Market Estimates & Forecast by Region, 2016-2023

8.6 Others

8.6.1 Market Estimates & Forecast, 2016-2023

8.6.2 Market Estimates & Forecast by Region, 2016-2023


9. Global Conformal Coatings Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2016-2023

9.2.2 Market Estimates & Forecast by Type, 2016-2023

9.2.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2016-2023

9.2.4.2 Market Estimates & Forecast by Type, 2016-2023

9.2.4.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2016-2023

9.2.5.2 Market Estimates & Forecast by Type, 2016-2023

9.2.5.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2016-2023

9.3.2 Market Estimates & Forecast by Type, 2016-2023

9.3.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2016-2023

9.3.4.2 Market Estimates & Forecast by Type, 2016-2023

9.3.4.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2016-2023

9.3.5.2 Market Estimates & Forecast by Type, 2016-2023

9.3.5.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2016-2023

9.3.6.2 Market Estimates & Forecast by Type, 2016-2023

9.3.6.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2016-2023

9.3.7.2 Market Estimates & Forecast by Type, 2016-2023

9.3.7.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.8 U.K

9.3.8.1 Market Estimates & Forecast, 2016-2023

9.3.8.2 Market Estimates & Forecast by Type, 2016-2023

9.3.8.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2016-2023

9.3.9.2 Market Estimates & Forecast by Type, 2016-2023

9.3.9.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2016-2023

9.3.10.2 Market Estimates & Forecast by Type, 2016-2023

9.3.10.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2016-2023

9.4.2 Market Estimates & Forecast by Type, 2016-2023

9.4.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2016-2023

9.4.4.2 Market Estimates & Forecast by Type, 2016-2023

9.4.4.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2016-2023

9.4.5.2 Market Estimates & Forecast by Type, 2016-2023

9.4.5.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2016-2023

9.4.6.2 Market Estimates & Forecast by Type, 2016-2023

9.4.6.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2016-2023

9.4.7.2 Market Estimates & Forecast by Type, 2016-2023

9.4.7.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2016-2023

9.4.8.2 Market Estimates & Forecast by Type, 2016-2023

9.4.8.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2016-2023

9.4.9.2 Market Estimates & Forecast by Type, 2016-2023

9.4.9.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2016-2023

9.5.2 Market Estimates & Forecast by Type, 2016-2023

9.5.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2016-2023

9.5.4.2 Market Estimates & Forecast by Type, 2016-2023

9.5.4.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2016-2023

9.5.5.2 Market Estimates & Forecast by Type, 2016-2023

9.5.5.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2016-2023

9.5.6.2 Market Estimates & Forecast by Type, 2016-2023

9.5.6.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2016-2023

9.5.7.2 Market Estimates & Forecast by Type, 2016-2023

9.5.7.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2016-2023

9.5.8.2 Market Estimates & Forecast by Type, 2016-2023

9.5.8.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2016-2023

9.6.2 Market Estimates & Forecast by Type, 2016-2023

9.6.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2016-2023

9.6.4.2 Market Estimates & Forecast by Type, 2016-2023

9.6.4.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2016-2023

9.6.5.2 Market Estimates & Forecast by Type, 2016-2023

9.6.5.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2016-2023

9.6.6.2 Market Estimates & Forecast by Type, 2016-2023

9.6.6.3 Market Estimates & Forecast by End Use Industry, 2016-2023

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2016-2023

9.6.7.2 Market Estimates & Forecast by Type, 2016-2023

9.6.7.3 Market Estimates & Forecast by End Use Industry, 2016-2023

10. Company Landscape

11. Company Profiles

11.1 The Dow Chemical Industry

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Specialty Coatings System Inc.

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Global Manufacturing Services, Inc.

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 HemiSeal

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Henkel AG & Co.KgaA

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Chemtronics

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 H.B.Fuller Company

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Electrolube

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Europlasma NV

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Shin-Etsu Chemical Co., Ltd

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion


LIST OF TABLES

Table 1 World Population by Major Regions (2016 To 2030)

Table 2 Global Conformal Coatings Market: By Region, 2016-2023

Table 3 North America Conformal Coatings Market: By Country, 2016-2023

Table 4 Europe Conformal Coatings Market: By Country, 2016-2023

Table 5 Asia-Pacific Conformal Coatings Market: By Country, 2016-2023

Table 7 Middle East & Africa Conformal Coatings Market: By Country, 2016-2023

Table 6 Latin America Conformal Coatings Market: By Country, 2016-2023

Table 8 Global Conformal Coatings by Types Market: By Regions, 2016-2023

Table 9 North America Conformal Coatings by Types Market: By Country, 2016-2023

Table 10 Europe Conformal Coatings by Types Market: By Country, 2016-2023

Table11 Asia-Pacific Conformal Coatings by Types Market: By Country, 2016-2023

Table13 Middle East & Africa Conformal Coatings by Types Market: By Country, 2016-2023

Table12 Latin America Conformal Coatings by Types Market: By Country, 2016-2023

Table14 North America Conformal Coatings for End Use Industry Market: By Country, 2016-2023

Table13 Europe Conformal Coatings for End Use Industry Market: By Country, 2016-2023

Table14 Asia-Pacific Conformal Coatings for End Use Industry Market: By Country, 2016-2023

Table16 Middle East & Africa Conformal Coatings for End Use Industry Market: By Country, 2016-2023

Table15 Latin America Conformal Coatings for End Use Industry Market: By Country, 2016-2023

Table23 Global Types Market: By Region, 2016-2023

Table24 Global End Use Industry Market: By Region, 2016-2023

Table25 North America Conformal Coatings Market, By Country

Table26 North America Conformal Coatings Market, By Types

Table27 North America Conformal Coatings Market, By End Use Industry

Table28 Europe: Conformal Coatings Market, By Country

Table29 Europe: Conformal Coatings Market, By Types

Table30 Europe: Conformal Coatings Market, By End Use Industry

Table31 Asia-Pacific: Conformal Coatings Market, By Country

Table32 Asia-Pacific: Conformal Coatings Market, By Types

Table33 Asia-Pacific: Conformal Coatings Market, By End Use Industry

Table36 Middle East & Africa: Conformal Coatings Market, By Country

Table37 Middle East & Africa Conformal Coatings Market, By Types

Table33 Middle East & Africa: Conformal Coatings Market, By End Use Industry

Table34 Latin America: Conformal Coatings Market, By Country

Table35 Latin America Conformal Coatings Market, By Types

Table33 Latin America: Conformal Coatings Market, By End Use Industry


LIST OF FIGURES

FIGURE 1 Global Conformal Coatings Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Conformal Coatings Market

FIGURE 4 Value Chain of Global Conformal Coatings Market

FIGURE 5 Share of Global Conformal Coatings Market in 2016, by country (in %)

FIGURE 6 Global Conformal Coatings Market, 2016-2023,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Conformal Coatings Market size by Type, 2016

FIGURE 9 Share of Global Conformal Coatings Market by Type, 2016 to 2023

FIGURE 10 Sub segments of End Use Industry

FIGURE 11 Global Conformal Coatings Market size by End Use Industry, 2016

FIGURE 12 Share of Global Conformal Coatings Market by End Use Industry, 2016 to 2023