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Conformal Coating Market Analysis

  • Report ID: GMI6993
  • Published Date: Oct 2023
  • Report Format: PDF

Conformal coating Market Analysis

Global Conformal Coating Market Size, By Product, 2021 - 2032 (USD Million)

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Based on product, the acrylic segment ccrossed USD 425 million in 2022. Acrylic coatings are known for their ease of application, making them a popular choice for manufacturers seeking efficient and cost-effective solutions. The ability to provide good moisture resistance makes acrylic coatings in demand for applications exposed to humidity and condensation.
 

Global Conformal Coating Market Revenue Share (%), By End-use, (2022)

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Based on end-use, the electronics and electricals segment accounted for over 35% of the market share in 2022. The electronics industry demands conformal coatings to protect small, densely packed electronic components from moisture, dust, and chemicals. The proliferation of smartphones, tablets, and wearables increases the demand for conformal coatings in these consumer devices. The automotive industry demands reliable and durable conformal coatings to ensure long-lasting performance in vehicles.
 

U.S. Conformal Coating Market Size, 2020- 2032 (USD Million)

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North America dominated the global Conformal coating market in 2022. The electronics industry in North America continues to demand conformal coatings to protect increasingly miniaturized electronic components in products like smartphones, tablets, and wearables. Within North America, the U.S. generated a revenue of over USD 331 million in 2022. The U.S. military's investment in electronics and technology drives demand for conformal coatings that meet stringent requirements for military applications. The medical device industry in North America requires conformal coatings that meet strict biocompatibility and safety standards for use in medical equipment and implantable devices.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market valuation of conformal coating was worth USD 996.70 million in 2023 and is expected to expand at over 6.5% CAGR from 2024 to 2032, attributed to the increasing need of the electronic manufacturing sector to protect the devices against environmental factors.

Acrylic conformal coating market generated USD 425 million in 2022 and is poised to witness high demand through 2032 owing to its ease of application.

North America conformal coating industry size was worth USD 331 million in 2022 and is set to grow substantially through 2032, attributed to the booming electronics industry in the region.

Henkel AG & Co. KGaA, Chase Corporation, Dymax Corporation, Electrolube, H.B. Fuller Company, Shin-Etsu Chemical Co., Ltd., and Dow Inc. are some of the prominent firms in the market.

Conformal Coating Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 19
  • Pages: 300
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