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The global conformal coatings market was valued at USD 13.08 Billion in 2023 and is expected to grow at a CAGR of 5.00% during the forecast period 2024-2032.
Base Year
Historical Year
Forecast Year
Global Conformal Coatings Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 13.08 |
Market Size 2032 | USD Billion | 20.29 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.0% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 5.6% |
CAGR 2024-2032 - Market by Country | India | 5.7% |
CAGR 2024-2032 - Market by Country | China | 5.4% |
CAGR 2024-2032 - Market by Type | Parylene | 6.2% |
CAGR 2024-2032 - Market by End Use | Electronics | 6.8% |
Market Share by Country 2023 | Japan | 4.3% |
Conformal coatings are finding rising applications in professional electronic devices due to the fast development of the electronic sector. Acrylic conformal coatings find the largest market share among other types of conformal coatings. Acrylic conformal coatings are low-cost and easy to use. They are resistant to the fungus, offer longer than average lives, and have excellent protection against moisture. This sort of coating protects the electrical circuit from humidity, dirt, dust, and heat shocks, which can destroy, shorten, or harm the electrical element. It isolates against high-voltage arcing, short circuits, and static discharges and also offers high-voltage dielectric resistance. For most acrylic-conforming coating applications, labour costs are also smaller, as they require minimum touch time and do not require unique or expensive machinery to be applied.
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A conformal coating is a chemical protective barrier or polymer film that protects circuit boards against hostile environments. They are used as thin layers of few micrometres to protect the circuitry from extreme humidity, salt spray, dust, chemicals, and temperature to prevent corrosion, mould development, and electrical failure.
The EMR’s report titled “Conformal Coatings Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Based on its end-use segments, the conformal coatings market can be segmented into:
Based on its type, the conformal coatings market can be categorised as:
The regional, conformal coatings markets like:
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The conformal coating market is experiencing notable trends driven by advancements in technology and increasing demand across various industries. One significant trend is the growing adoption of eco-friendly coatings, as manufacturers seek sustainable options to meet regulatory standards and consumer preferences. Water-based and bio-based conformal coatings are gaining traction for their reduced environmental impact.
Additionally, the rise of miniaturized electronics is pushing the demand for conformal coatings that offer superior protection against moisture, dust, and temperature fluctuations. Industries such as automotive, aerospace, and consumer electronics are increasingly relying on these coatings to enhance product durability and performance.
Moreover, the integration of automation in the application process is improving efficiency and consistency, further fueling market growth. As technology continues to evolve, the conformal coatings market is poised for sustained expansion.
The growing demand for reliable electronics devices and equipment and the increasing automation across end-use industries are the major drivers for this market. The growing defence spending combined with the technological advancements in the aerospace and defence sector is expected to propel the industry forward. The rising demand from the emerging economies in the Asia Pacific like India is expected to provide further impetus for the market growth.
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The report presents a detailed analysis of the following key players in the global conformal coatings market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
CAGR 2024-2032 - Market by | Country |
India | 5.7% |
China | 5.4% |
Mexico | 5.3% |
UK | 4.9% |
USA | 4.7% |
Canada | XX% |
Germany | 4.4% |
France | XX% |
Italy | XX% |
Japan | XX% |
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Conformal Coatings Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global conformal coatings market attained a value of nearly USD 13.08 Billion.
The market is projected to grow at a CAGR of 5.00% between 2024 and 2032.
The major drivers of the industry such as rising disposable incomes, increasing population, rising applications in professional electronic devices, rising demand from the developing regions, and growing technological advancements are expected to aid the market growth.
The key market trend guiding the growth of the conformal coatings market include the growing defence spending.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Silicone, acrylic, epoxy, urethane, and parylene, among others the major types of conformal coatings in the industry.
Electronics, aerospace and defence, automotive and transportation, industrial, and marine, among others are the major end uses of conformal coatings.
The major players in the industry are Henkel AG & Company, KGaA, Chemtronics Technologies Pvt. Ltd., Shin-Etsu Chemical Co., Ltd., DOW Corning, H.B. Fuller, Chase Corporation, and Electrolube, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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