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Conformal Coating Market Size

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

Conformal coating Market Size

Conformal Coating Market was valued at USD 996.70 million in 2023 and is anticipated to register a CAGR of over 6.5% during 2024 to 2032. As electronic devices continue to shrink in size and components become more densely packed, the need for effective protection against environmental factors like moisture, dust, and chemicals becomes critical. Conformal coatings provide this protection without adding bulk to the electronic assemblies.

 

Conformal Coating Market

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The aerospace and defense sectors require highly reliable electronics in mission-critical applications. Conformal coatings are essential for safeguarding sensitive equipment from extreme conditions, including high altitudes and rapid temperature changes. The use of electronic components in medical devices continues to grow, and these devices must adhere to stringent safety and biocompatibility standards. Conformal coatings are applied to protect and ensure the reliability of electronics in medical equipment.

 

Applying conformal coatings can be a complex and labor-intensive process. Selecting the appropriate conformal coating material for a specific application is crucial. Choosing the wrong material can lead to compatibility issues, adhesion problems, or inadequate protection. Conformal coatings often contain volatile organic compounds (VOCs) or hazardous substances.

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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