The global market for conformal coating materials, equipment, and spares is expected to grow from $7.9 billion in 2011 to $8.5 billion in 2012, and $9 billion in 2017, a CAGR of 1% between 2012 and 2017.
The market for just conformal coating equipment and spares should grow from nearly $6.3 billion in 2011 to $6.7 billion in 2012. This market is expected to decrease back down to $6.4 billion by 2017, a CAGR of -1.2% between 2012 and 2017.
The market for conformal coating materials was worth nearly $1.7 billion in 2011. This figure should grow to $1.8 billion in 2012 and $2.6 billion in 2017, a CAGR of 7.8% over the next five years.
This report, which is an update of an earlier (2008) BCC Research report, studies and highlights the role of conformal coatings in providing protection to electronic products, and explains the technology, development, production, and methods of application of these coatings, covers the equipment involved, and gives a market overview, analyzing major market trends both in terms of region and the application sector. In addition, the report studies in detail new developments taking place in the conformal coatings industry with respect to continuous improvements in environmental performance.
Both the market for conformal coating products and the market for the technologies involved are analyzed, including various emerging technologies and new products produced using these technologies. The various applications of conformal coatings and their markets are also analyzed, with a special emphasis on the new products being developed. Along with the development of new products, research and development (R&D) is taking coating technologies to new heights, and these developments are examined in this report as are the new applications emerging from these new emerging technologies.
Customers are driving the increased demand for conformal coatings and relevant coating equipment, with huge expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties. All of the above expectations require special attention from manufacturers in order to ensure that their products meet expected standards and the market remains buoyant. This report pinpoints the need for the industry's commitment to continuous improvement in environmental performance and glimpses a future in which the functionality of conformal coatings will be enhanced and transformed from the conventional areas of protection and aesthetics to meet additional and more specific demands.
For any company to succeed in a competitive market, product opportunities must be identified from the viewpoint of the company's strengths. For this, it is necessary to understand the size and growth rate of any opportunity and the competitive atmosphere in which the company exists. This report presents the ideal medium to understand the various opportunities in the field of various types of conformal coatings and coating equipment and will help any prospective manufacturer, distributor, or even a user to understand and succeed in this growing field.
This report is intended to help marketing managers identify emerging market opportunities and develop targeted promotion plans for conformal coatings and equipment involved. It should also help R&D professionals explore demand for conformal coatings and equipment, stay abreast of competitor initiatives and develop new products and applications. Information and research center librarians will be better able to provide market researchers and brand and product managers with the information they need to do their jobs more effectively.
The report has been prepared in a simple format that can be easily understood with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of conformal coatings and coating equipment with the reasons given for variations in the growth of the industry in certain regions.
Both primary and secondary research methodologies were used in preparing this study. Primary information sources for this market research include manufacturers and suppliers of conformal coatings around the world, raw material suppliers for manufacture of these products, major users of these products, research organizations, governmental agencies, trade associations, and various equipment suppliers. Additional secondary research sources include databases, trade literature, specialized journals, and government statistics. These resources have been researched while compiling this report.
The author of the earlier study on which this updated report is based, Srinivasa Rajaram, is a mechanical engineer with more than 40 years experience in designing factory layouts and setting up factories. He has set up factories for production of weighing machines and dynamic balancing machines in India and has experience in designing, production, and the servicing of the above equipment. He was Senior Vice President of M/S Schenck Avery, Ltd., an Indo-German joint venture, and set up the electronics department for manufacturing various types of electronic weighing and dynamic balancing equipment.
The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston - based international technology and marketing consulting firm, 43rd Parallel LLC. Mr. McWilliams is the author or co - author of many other BCC studies, including studies in related fields such as: