Conformal Coatings Market Analysis

Global Conformal Coatings Market Overview

Conformal Coatings Market Size was valued at 12.26 billion in 2023. The Conformal Coatings industry is projected to grow from 12.85 billion in 2024 to USD 18.69 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2024 - 2032). Conformal coatings are specialty film framing items broadly utilized to safeguard the circuit sheets and other electronic parts from brutal natural circumstances. These coatings have unrivaled properties like dielectric opposition, scraped spot obstruction, and functional honesty. These coatings are ordered as acrylic, silicone, polyurethane, epoxy, and perylene. Among these, acrylic covering is utilized broadly by prudence of simple pertinence and expulsion, high dampness obstruction, and parasite opposition.

Covid-19 Analysis

In the midst of the COVID-19 pandemic, over 70% of the worldwide flying armada is grounded. Around 27,000 airplanes were in helping toward the start of 2020. As of now, under 7,500 areas yet flying. The number of armadas will probably not recuperate to the past levels until the finish of 2022 at the earliest. Lockdowns have brought about diminished traveler traffic and a critical decrease in the income of carriers.

As per the International Air Transport Association (IATA), worldwide aircraft traveler incomes will drop by USD 314 billion out of 2020, a 55% downfall contrasted with 2019. The pandemic fundamentally affects airplane production also. For example, Airbus - one of the biggest business airplane fabricating organizations all around the world, has diminished its airplane creation rates by about 33% because of the COVID-19 pandemic. Boeing has likewise detailed a first-quarter loss of USD 641 million. This has essentially impacted the utilization of conformal coatings utilized in new airplane creation and MRO tasks.

April 2024- A global leader in electronics manufacturing technologies, Nordson Electronics Solutions, got the conformal coating equipment award from EM Asia China for the new ASYMTEK Select Coat® SL-1040 conformal coating system at an award ceremony in Productronica China, held March 21 in the Shanghai New International Expo Centre, Shanghai, China. Nordson Electronics Solutions accepts the EM China Innovation award for the latest ASYMTEK Select Coat® SL-1040 Conformal Coating System. The award was received by the automotive commercial head of Nordson Electronics Solutions, China, Jacky He China, at the Productronica China 2024 tradeshow. The SL-1040 conformal coating system enhances coating performance with better yield and uptime for automotive electronics reliability. The SL-1040 involves system-level developments in process control, automation, precision, and preventive maintenance for better yield and uptime, fulfilling the demands of electronics manufacturers for high-volume production of printed circuit assembly.

Chief Factors Existing in The Market

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  Key Market Drivers

  
  

Expanding requests from very good quality applications requiring conformal covering

Conformal Coatings Market Value, covering is exceptionally liked in PCBs, which are utilized in top-of-the-line applications in aviation and safeguard and car ventures. The aviation and safeguard industry involves conformal coatings in space transport controls and frameworks, airplane correspondences and controls, satellite frameworks, automated link gatherings, easing up insurance skeleton, and other comparable advancements.

The dependability on conformal coatings execution is the superseding issue for the aviation and protection industry. Conformal coatings in aviation hardware should act in outrageous conditions and risky circumstances. There is a distinction between the gadgets utilized in the aviation and protection industry and the ones utilized in different businesses. The hardware utilized in this industry is more modest in size, diminishes the heaviness of the parts, and expands their usefulness as well as execution. New advances should be entirely tried to check their unwavering quality before they can be utilized in basic applications.

PCBs utilized in the aviation and guard area have resistance levels of ±0.0005 on scratched highlights. Conformal coatings should likewise satisfy explicit aviation guidelines, for example, RTCA-DO-160 and MIL-STD-810, to get dependability tags from end clients. These variables demonstrate the expanded functional boundaries for electronic parts in the aviation and guard industry. The development in this industry is probably going to dial back because of the COVID-19 pandemic since air travel has been limited all over the planet. Almost every carrier has grounded a larger part of its airplane and is also conceding orders for new ones. Airplane fabricating was also ended because of complete lockdowns in nations of North America and Europe, which are the centers of airplane production.

The auto business requires PCBs that can endure high temperatures, dampness, and synthetic substances, such as oils and greases, for top-of-the-line applications like programmed driver help frameworks (ADAS). ADAS has been progressively embraced in premium vehicles, and it is the principal client of high thickness interconnection (HDI) and unbending flex sheets. These applications will drive the market for conformal coatings for the assurance of these parts for a more extended timeframe.

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  Market Challenges

  
  

Cost tension on conformal covering makers

Presently, in the Conformal Coatings Market Share, the cost of conformal coatings is extremely high, which makes it challenging to enter successfully in end-use ventures. As indicated by essential and optional sources, acrylic, epoxy, and urethane are accessible in the value scope of USD 18-USD 35/kg; silicone is accessible in the scope of USD 65-USD 105/kg; and propylene is the most costly, at a value scope of USD 215-USD 300/kg, which is liked in high-temperature applications in the aviation and safeguard industry. This adversely affects the interest in conformal coatings. As the costs of these coatings are high, conformal covering makers are endeavoring hard to limit the creation cost by executing new innovations or limiting the expense of natural substances. They are also hoping to foster coatings that can additionally build the reception to produce incomes from new application regions. The ecological difficulties relating to the utilization of conformal coatings in dust, erosion, dissolvable, and dampness urge organizations to foster solid items that can endure such unsafe circumstances.

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  Market Opportunities

  
  

Flood sought after for clinical gear because of COVID-19 episode.

The COVID-19 pandemic has brought about lockdowns in a few nations, convincing a few assembling offices to close down. While end-use businesses, for example, car and transportation and customer hardware, have declined, the pandemic has brought about a flood sought after for clinical and food bundling. Attributable to this expanding request, clinical gadget and their part makers are working at the most extreme limits. Conformally covered PCBs are utilized in clinical applications since they are compelling in safeguarding electronic gadgets from disintegration and outside synthetic assault. With medical care offices engaging the COVID-19 emergency, interest for clinical gadgets and hardware is high, and subsequently, apparatus to fabricate this gear is additionally sought after, along these lines setting out open doors for conformal covering makers.

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  Market Restraints

  
  

Scaling down of PCBs influencing the use of conformal covering

The pattern compacts and lighter electronic gadgets and end-use parts have also driven the requirement for scaling down in PCBs. The PCB business assumes an unmistakable part in the improvement of electronic contraptions. The utilization of more modest PCBs brings about lower material necessities, decreased space prerequisites, and fewer reusing prerequisites. The improvement of High-Density Interconnect (HDI), a PCB with a more prominent number of interconnections and consuming negligible space, empowers PCB makers in scaling down the circuit board. The parts in these PCBs are set nearer, and the board space is essentially diminished without compromising the usefulness. However, these patterns empowered the assembling of effective gadgets, scaling down has decreased the utilization of covering volumes per PCBs.

Cumulative Evaluation of The Market

The Conformal Coatings Market Size is assessed to be USD 807 million in 2020 and is relied upon to arrive at USD 17.02 billion by 2030 at a CAGR of 5%. The elements advancing the development of the market are the expanding number of PCB makers in the APAC district and developing interest in very good quality applications that require the utilization of conformal coatings.

Market Segmentation:

The worldwide Conformal Coatings Industry is portioned into type, end-use industry, and area.

• Based on the sort, the market is isolated into acrylics, epoxy, urethane, silicone, perylene, etc.


• In light of the end-use industry, the market is divided into hardware, vehicle, aviation, marine and others.


• Geologically, the market is isolated into five areas, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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

Regional Analysis:

In Conformal Coatings Market Revenue, North America is relied upon to stay the biggest market during the figure time frame, for the most part, determined by the USA. Asia-Pacific is assessed as the quickest developing business sector for conformal coatings during the conjecture time frame. China, Japan, South Korea, Taiwan, and India are the key nations driving the development of the locale's market. Critical financial improvement in the district is clearing the way of transportation, electricals and gadgets, clinical, and modern areas, prompting more popularity for conformal covering in the locale.

Competitive Intensity Within the Industry:

• The Dow Chemical Industry (U.S.)

• Specialty Coatings System Inc. (U.S.)

• Worldwide Manufacturing Services, Inc (U.S.)

• Hemi-Seal (U.S.)

• Henkel AG and Co. kgaA (Germany)

• Chemtronics (India)

• H.B.Fuller Company (U.S.)

• Electrolube (UK)

• Europlasma NV (Belgium)

• Shin-Etsu Chemical Co., Ltd (Japan)

Recent Market Developments:

January 2023, Dow Chemical Company launched dowablatives.com to serve as a resource for its clients in the aerospace and satellite markets who need DOWSIL protective silicone ablatives and the latest in material developments.

January 2023, in order to bring PlasmaGuardTM coating services within reach of more customers, Europlasma entered into a partnership with Specialty Coating Systems, a leading solution provider of conformal coatings. This will make the halogen-free PlasmaGuard coatings of Europlasma available across a wider range.

August 2022, Dymax signed an agreement with Electronic Coating Technologies for Parylene conformal coating services. From now on, such products will be used exclusively by Dymax’s defense, automotive, and aerospace clients.

March 2022 – HumiSeal has introduced UV500-2 conformal coating that is designed specifically for printed circuit board (PCB) protection. With its unique properties like excellency at thermal cycling and mechanical stress testing, it is most suitable for applications in the automotive industry or white goods manufacturing. Increased performance and durability were achieved through this innovation that guarantees boards’ reliability under harsh conditions.

January 2022 – Advanced Coating has been bought by Novaria Group, which is located in Fort Worth. By acquiring Advanced Coating Novaria Group, it strengthens its market position and expands its capabilities in the field of coating technologies. It intends to enhance offerings further thanks to this takeover, thus empowering itself to furnish sophisticated coatings solutions to customers.

April 2022 – Shin-Etsu Silicones of America Inc., a subsidiary company of Japanese-based Shin-Etsu Chemical Co., Ltd., launched MR-COAT-01F/02F series conformal coatings. Hence, these new products exhibit high hardness values as well as exceptional elongation, thereby enhancing their abrasion resistance properties and reducing PCB component stress levels.

Report Overview:

This report offers great experiences and is the result of a point-by-point research system including broad optional exploration, thorough essential meetings with industry partners, and approval and triangulation with Strat view Research's inner data set and measurable apparatuses.

In excess of 1,000 verified auxiliary sources, for example, yearly organization reports, truth books, official statement, diaries, financial backer shows, white papers, licenses, and articles, have been utilized to accumulate the information. We led in excess of 15 itemized essential meetings with the market players across the worth chain in every one of the four locales and with industry specialists to acquire both subjective and quantitative experiences.