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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Conformal Coatings Market Size
The global conformal coatings market was valued at USD 13.08 billion in 2023 and is expected to grow at a CAGR of 5% during the forecast period 2024-2032.
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.
Conformal Coatings Market Competitive Landscape
Conformal Coatings Market Size
Conformal Coatings Market Analysis
*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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Key Questions Answered in the Report
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