PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388189
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388189
Conformal Coatings Market Share, Size, Trends, Industry Analysis Report, By Material (Acrylic, Epoxy, Urethane, Silicon, Parylene, Others); By Application; By Region; Segment Forecast, 2023 - 2032
The global conformal coatings market size is expected to reach USD 1,580.09 million by 2032, according to a new study by Polaris market research. The report "Conformal Coatings Market Share, Size, Trends, Industry Analysis Report, By Material (Acrylic, Epoxy, Urethane, Silicon, Parylene, Others); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
There is a growing demand for reliable electronic devices and equipment. As technology advances, there is an increasing reliance on electronic devices in various industries and daily life. This demand for reliable devices necessitates conformal coatings to protect sensitive electronic components from moisture, dust, chemicals, and other environmental factors. Conformal coatings provide a protective layer that enhances the durability and performance of these devices, thereby driving the market's growth.
The increasing automation across end-use industries is contributing to the expansion of the conformal coatings market. Automation is being adopted across diverse sectors, such as manufacturing, automotive, aerospace, healthcare, and more. This automation involves using sophisticated electronic components and circuitry that require protection against harsh environmental conditions. Conformal coatings are crucial in safeguarding these components and ensuring their proper functioning in automated systems. As automation continues to increase, the demand for conformal coatings will rise accordingly.
The proliferation of electronic devices like smartphones, tablets, wearables, and automotive electronics drives the industry's increasing demand for conformal coatings. This surge in demand necessitates protective coatings to enhance the reliability and longevity of electronic components. The automotive sector's advancements in electronics, including sensors, control units, and infotainment systems, require effective conformal coatings to shield these sensitive components from environmental factors such as moisture, chemicals, and vibrations.
The growth of the medical device sector contributes to the demand for conformal coatings as they are crucial in protecting the sensitive electronic components used in medical devices. The rise in demand for advanced medical devices, including implantable devices and diagnostic equipment, necessitates high-performance conformal coatings with biocompatibility and reliability features.
An increasing focus is also on developing environmentally friendly conformal coating solutions that align with regulatory requirements and industry standards. Technological advancements in coating formulations aim to improve their performance in terms of thermal stability, chemical resistance, adhesion properties, and ease of application.
Moreover, the renewable energy sector, particularly solar power, utilizes conformal coatings to safeguard electronic components in solar panels and inverters. As the adoption of renewable energy sources expands, the demand for conformal coatings in this sector is expected to grow. Additionally, parylene coatings are gaining popularity due to their exceptional properties, such as moisture and chemical resistance, high dielectric strength, and conformal coverage. This trend has increased their utilization in industries like electronics, aerospace, and medical devices.
Conformal Coatings Market Report Highlights
Acrylic segment accounted for the highest revenue shares in 2022, due to its superior adhesion, moisture resistance, and alignment with environmentally friendly regulations favoring water-based products.
Electronics segment accounted for the largest shares of the revenue in 2022, Due to conformal coatings offer desirable characteristics for electrical devices, including excellent insulation, high dielectric permittivity, non-toxicity, low leakage current, cost-effectiveness, easy processing, water solubility, and good film-forming properties.
North America is anticipated to hold the highest revenue shares of the market. The increasing demand for conformal coatings in the automotive and medical industries, driven by well-equipped medical facilities and continuous technological advancements in the United States.
The global key market players include: Shin-Etsu Chemical Company Ltd., Chemtronics, Henkel AG & Company, H. B. Fuller, Electrolube, Chase Corporation, Chemtronics, Dymax Corporation, Henkel AG & KGaA, and Dow Corning.
Polaris market research has segmented the Conformal Coatings market report based on material, application, and region:
Conformal Coatings, Material Outlook (Revenue - USD Million, 2019 - 2032)
- Acrylic
- Epoxy
- Urethane
- Silicon
- Parylene
- Others
Conformal Coatings, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Electronics
- Automotive
- Medical
- Aerospace & Defense
- Marine
- Industrial
- Others
Conformal Coatings, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Conformal Coatings Market Insights
- 4.1. Conformal Coatings Market - Industry Snapshot
- 4.2. Conformal Coatings Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising automotive and aerospace production
- 4.2.1.2. Technological advancements and miniaturization trends
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Supply chain disruptions and raw material shortages
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Conformal Coatings Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Conformal Coatings Market, by Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Conformal Coatings, by Material, 2019-2032 (USD Million)
- 5.3. Acrylic
- 5.3.1. Global Conformal Coatings Market, by Acrylic, by Region, 2019-2032 (USD Million)
- 5.4. Epoxy
- 5.4.1. Global Conformal Coatings Market, by Epoxy, by Region, 2019-2032 (USD Million)
- 5.5. Urethane
- 5.5.1. Global Conformal Coatings Market, by Urethane, by Region, 2019-2032 (USD Million)
- 5.6. Silicon
- 5.6.1. Global Conformal Coatings Market, by Silicon, by Region, 2019-2032 (USD Million)
- 5.7. Parylene
- 5.7.1. Global Conformal Coatings Market, by Parylene, by Region, 2019-2032 (USD Million)
- 5.8. Others
- 5.8.1. Global Conformal Coatings Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Conformal Coatings Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 6.3. Electronics
- 6.3.1. Global Conformal Coatings Market, by Electronics, by Region, 2019-2032 (USD Million)
- 6.4. Automotive
- 6.4.1. Global Conformal Coatings Market, by Automotive, by Region, 2019-2032 (USD Million)
- 6.5. Medical
- 6.5.1. Global Conformal Coatings Market, by Medical, by Region, 2019-2032 (USD Million)
- 6.6. Aerospace & Defense
- 6.6.1. Global Conformal Coatings Market, by Aerospace & Defense, by Region, 2019-2032 (USD Million)
- 6.7. Marine
- 6.7.1. Global Conformal Coatings Market, by Marine, by Region, 2019-2032 (USD Million)
- 6.8. Industrial
- 6.8.1. Global Conformal Coatings Market, by Industrial, by Region, 2019-2032 (USD Million)
- 6.9. Others
- 6.9.1. Global Conformal Coatings Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Conformal Coatings Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Conformal Coatings Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Conformal Coatings Market - North America
- 7.3.1. North America: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.3.3. Conformal Coatings Market - U.S.
- 7.3.3.1. U.S.: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.3.4. Conformal Coatings Market - Canada
- 7.3.4.1. Canada: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4. Conformal Coatings Market - Europe
- 7.4.1. Europe: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.3. Conformal Coatings Market - UK
- 7.4.3.1. UK: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.4. Conformal Coatings Market - France
- 7.4.4.1. France: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.5. Conformal Coatings Market - Germany
- 7.4.5.1. Germany: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.6. Conformal Coatings Market - Italy
- 7.4.6.1. Italy: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.7. Conformal Coatings Market - Spain
- 7.4.7.1. Spain: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.8. Conformal Coatings Market - Netherlands
- 7.4.8.1. Netherlands: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.4.9. Conformal Coatings Market - Russia
- 7.4.9.1. Russia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5. Conformal Coatings Market - Asia Pacific
- 7.5.1. Asia Pacific: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5.3. Conformal Coatings Market - China
- 7.5.3.1. China: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5.4. Conformal Coatings Market - India
- 7.5.4.1. India: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5.5. Conformal Coatings Market - Malaysia
- 7.5.5.1. Malaysia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5.6. Conformal Coatings Market - Japan
- 7.5.6.1. Japan: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5.7. Conformal Coatings Market - Indonesia
- 7.5.7.1. Indonesia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.5.8. Conformal Coatings Market - South Korea
- 7.5.8.1. South Korea: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.6. Conformal Coatings Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.6.3. Conformal Coatings Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.6.4. Conformal Coatings Market - UAE
- 7.6.4.1. UAE: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.6.5. Conformal Coatings Market - Israel
- 7.6.5.1. Israel: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.6.6. Conformal Coatings Market - South Africa
- 7.6.6.1. South Africa: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.7. Conformal Coatings Market - Latin America
- 7.7.1. Latin America: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.7.3. Conformal Coatings Market - Mexico
- 7.7.3.1. Mexico: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.7.4. Conformal Coatings Market - Brazil
- 7.7.4.1. Brazil: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- 7.7.5. Conformal Coatings Market - Argentina
- 7.7.5.1. Argentina: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Chase Corporation
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Chemtronics
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Dow Corning
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Dymax Corporation
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Electrolube
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. H. B. Fuller
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Henkel AG & KGaA
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Shin-Etsu Chemical Company Ltd
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
List of Tables
- Table 1 Global Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 3 Conformal Coatings Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 6 U.S.: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 8 Canada: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 10 Europe: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 12 UK: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 14 France: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 16 Germany: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 18 Italy: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 20 Spain: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 22 Netherlands: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 24 Russia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 28 China: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 30 India: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 32 Malaysia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 34 Japan: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 36 Indonesia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 38 South Korea: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 44 UAE: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 46 Israel: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 48 South Africa: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 50 Latin America: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 52 Mexico: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 54 Brazil: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
- Table 56 Argentina: Conformal Coatings Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Conformal Coatings Market, by Material, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Conformal Coatings Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Conformal Coatings Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Material
- Figure 9 Global Conformal Coatings Market, by Material, 2022 & 2032 (USD Million)
- Figure 10 Conformal Coatings Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Conformal Coatings Market
