Conformal Coating Market by Type (Acrylic, Silicone, Epoxy, Urethane, and Parylene), End-Use (Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication), and Region

The global conformal coatings market is projected to witness a CAGR of 5.3% during the forecast period.

The high growth is attributed to the increase in the number of PCB manufacturers in countries such as China and Taiwan, and another factor is the growing demand from the high-end applications which require conformal coatings. These coatings are used in various industries such as consumer electronics, automotive, aerospace & defense, industrial, and telecommunication.

Telecommunication is the fastest-growing end-use in the conformal coatings market.

The introduction of 5G has brought the need for the development of communication infrastructure. The commercial use of 5G worldwide is expected to bring endless opportunities for upstream and downstream industries. PCB majorly has four areas of application during the construction of a communication network, namely wireless network, transmission network, data communication, and fixed-line broadband. Similarly, for the construction of 5G infrastructure, various types of PCBs are required such as PCB backplanes, high-frequency PCB and high-speed multilayer PCBs. In addition to this, the establishment of large 5G macro base stations will also boost the demand for PCB as it is an indispensable electronic material used in the construction of the base station.

Acrylic conformal coating is the largest type for conformal coating.

Acrylic conformal coatings are transparent insulating and quick-drying acrylic-based coatings. These are easy to apply and do not require special equipment for application. Acrylic coatings account for a large share of the conformal coatings market, with wide applications in electronics. These coatings protect electric circuits from moisture, dirt, dust, thermal shocks, and scratches that could corrode, short circuit, or otherwise damage the electronic component. They also provide insulation against high-voltage and static discharges. Acrylic-based conformal coatings are a fast cure, free from solvents, and easily reparable. It is considered essential level protection because they are economical and provide protection against a broad level of contamination.

APAC is expected to be the fastest-growing market for conformal coating during the forecast period.

APAC is expected to be the fastest-growing market during the forecast period. Due to the presence of a huge volume of PCB manufacturers in the region, the demand for conformal coating is expected to grow. Apart from that India is projected to have a rapidly growing consumer electronics market in the coming years due to the rising middle class and increasing disposable income. Thus these scenario is expected to drive the market in the region.

The breakup of primary interviews is given below:

By Company Type - Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%
By Designation - C level – 45%, Director level – 35%, and Others – 20%
By Region - APAC – 40%, Europe – 30%, North America – 25%, and Rest of World – 5%

The leading players in the market are Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemicals (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemicals (Canada) and Specialty Coatings System (US).

Research Coverage:

This research report categorizes the global conformal coating market on the basis of type, end-use, and region. The report includes detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, challenges, and opportunities. The detailed analysis of key market players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments in the market.

Reasons to Buy the Report:

This report segments the global conformal coatings market comprehensively and provides the closest approximations of sizes for the overall market and sub-segments across various verticals and regions.
The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, new product developments, and mergers & acquisitions undertaken in the market.

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Inclusions and Exclusions for the Conformal Coatings Market Report
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Global PCB Production
2.2.2 Based on the PCB Revenues
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Conformal Coatings Market
4.2 APAC Conformal Coatings Market, By End-Use Industry and Country
4.3 Conformal Coatings Market, By Countries
4.4 Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Base of PCB Manufacturing
5.2.1.2 Increasing Demand From High-End Applications
5.2.1.3 Large Scale Demand From the Automotive Industry
5.2.2 Restraints
5.2.2.1 Expensive Replacement and Repair of Conformal Coatings in Case of Damage
5.2.2.2 Miniaturization of Pcbs
5.2.3 Opportunities
5.2.3.1 Rising Adoption By the Telecommunication Industry
5.2.3.2 Usage in Substrate-Like PCB (SLP)
5.2.3.3 Technological Advancements in End-Use Industries
5.2.4 Challenges
5.2.4.1 Price Pressure on Conformal Coating Manufacturers
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Conformal Coating Standards
5.5 YC, YCC Drivers

6 Conformal Coatings Market, By Type
6.1 Introduction
6.1.1 Silicone
6.1.1.1 Emerging Trends in the End-Use Industries are Expected to Drive the Demand
6.1.2 Acrylic
6.1.2.1 Low Cost of Acrylic Conformal Coating to Drive the Market
6.1.3 Epoxy
6.1.3.1 Difficulty in Reworkabilty Hampering Its Growth
6.1.4 Urethane
6.1.4.1 APAC to Be the Largest Consumer of Urethane
6.1.5 Parylene
6.1.5.1 Demand From Aerospace & Defense and Medical Industry to Drive the Market
6.1.6 Others

7 Conformal Coatings Market, By End-Use Industry
7.1 Introduction
7.1.1 Automotive
7.1.1.1 Next-Gen Automotive Industry Landscape Will Drive the Market
7.1.2 Consumer Electronics
7.1.2.1 Rising Disposable Income and the Development of Smart Devices Drive the Market
7.1.3 Aerospace & Defense
7.1.3.1 Integration of New Technologies Will Spur the Demand
7.1.4 Industrial
7.1.4.1 Implementation of Industry 4.0 to Boost the Market
7.1.5 Telecommunication
7.1.5.1 Upcoming 5G Technology Will Drive the Market During the Forecast Period
7.1.6 Others

8 Conformal Coatings Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Demand for Complex PCB From Aerospace & Defense to Drive the Market
8.2.2 Canada
8.2.2.1 Parylene to Be the Fastest-Growing Conformal Coating
8.2.3 Mexico
8.2.3.1 PCB Demand From Automobile Manufactures to Drive the Demand
8.3 APAC
8.3.1 China
8.3.1.1 Growing PCB Production to Drive the Market
8.3.2 Taiwan
8.3.2.1 Growing Investment in the Country to Drive the Market.
8.3.3 Japan
8.3.3.1 Global Economic & Trade Tensions are Likely to Affect the Market
8.3.4 South Korea
8.3.4.1 Growing Demand From Major Electronics Companies Will Drive the Consumption of Coatings
8.3.5 Vietnam
8.3.5.1 Increasing Fdi is Expected to Drive the Market
8.3.6 India
8.3.6.1 Increasingly Favorable Government Policies to Boost the Market During the Forecast Period
8.3.7 Thailand
8.3.7.1 Growing Demand for Data Storage Devices to Spur the Market
8.3.8 Rest of APAC
8.4 Europe
8.4.1 Germany
8.4.1.1 PCB Demand From EV Manufacturers to Drive the Market
8.4.2 France
8.4.2.1 Government Policies are Expected to Boost the Market
8.4.3 Russia
8.4.3.1 Conformal Coatings are Expected to have Slower Growth in the Country
8.4.4 UK
8.4.4.1 Growth of the Market is Expected to Be Slow Due Uncertainty of Brexit
8.4.5 Rest of Europe
8.5 RoW

9 Competitive Landscape
9.1 Introduction
9.2 Competitive Scenario
9.2.1 Investment & Expansion
9.2.2 Merger & Acquisition
9.2.3 New Product Launch
9.3 Market Share Analysis

10 Company Profiles
(Business Overview, Products Offered, Recent Developments, Winning Imperatives, Current Focus and Strategy, Right to Win)*
10.1 Henkel AG
10.2 Illinois Tool Works
10.3 Shin-Etsu Chemical Co. LTD.
10.4 DOW
10.5 H.B. Fuller
10.6 Chase Corporation
10.7 Electrolube
10.8 Dymax Corporation
10.9 MG Chemicals
10.10 Specialty Coating Systems
10.11 Others
10.11.1 Altana AG
10.11.2 CHT UK Bridgwater
10.11.3 CSL Silicones Inc
10.11.4 Europlasma NV
10.11.5 Peters Group
10.11.6 Conins Pune
10.11.7 Industrialex Manufacturing
10.11.8 AI Technologies Inc
10.11.9 Master Bond Inc
10.11.10 John C Dolph

*Details on Business Overview, Products Offered, Recent Developments, Winning Imperatives, Current Focus and Strategy, Right to Win Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 Standards and Specification Pertaining to the Conformal Coatings
Table 2 Change in Trends for Your Client (YC) and Your Client’s Client (YCC)
Table 3 Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 4 Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 5 Silicone Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 6 Silicone Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 7 Acrylic Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 8 Acrylic Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 9 Epoxy Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 10 Epoxy Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 11 Urethane Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 12 Urethane Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 13 Parylene Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 14 Parylene Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 15 Other Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 16 Other Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 17 Key PCB Manufacturers for the Automotive Industry
Table 18 Conformal Coatings Market Size in Automotive, By Region, 2018–2025 (Ton)
Table 19 Conformal Coatings Market Size in Automotive, By Region, 2018–2025 (USD Thousand)
Table 20 Key PCB Manufacturers for the Consumer Electronics Industry
Table 21 Conformal Coatings Market Size in Electronics, By Region, 2018–2025 (Ton)
Table 22 Conformal Coatings Market Size in Electronics, By Region, 2018–2025 (USD Thousand)
Table 23 Conformal Coatings Market Size in Aerospace & Defense, By Region, 2018–2025 (Ton)
Table 24 Conformal Coatings Market Size in Aerospace & Defense, By Region, 2018–2025, (USD Thousand)
Table 25 Conformal Coatings Market Size in Industrial, By Region, 2018–2025 (Ton)
Table 26 Conformal Coatings Market Size in Industrial, By Region, 2018–2025 (USD Thousand)
Table 27 Conformal Coatings Market Size in Telecommunication, By Region, 2018–2025 (Ton)
Table 28 Conformal Coatings Market Size in Telecommunication, By Region, 2018–2025 (USD Thousand)
Table 29 Conformal Coatings Market Size in Other End-Use Industries, By Region, 2018–2025 (Ton)
Table 30 Conformal Coatings Market Size in Other End-Use Industries, By Region, 2018–2025 (USD Thousand)
Table 31 Conformal Coatings Market Size, By Region, 2018–2025 (Ton)
Table 32 Conformal Coatings Market Size, By Region, 2018–2025 (USD Thousand)
Table 33 North America: Conformal Coatings Market Size, By Country, 2018–2025 (Ton)
Table 34 North America: Conformal Coatings Market Size, By Country, 2018–2025 (USD Thousand)
Table 35 North America: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 36 North America: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 37 North America: Conformal Coatings Market Size, By End-Use Industry, 2018–2025 (Ton)
Table 38 North America: Conformal Coatings Market Size, By End-Use Industry, 2018–2025 (USD Thousand)
Table 39 US: Conformal Coatings Market Size, By Type, 2018-2025 (Ton)
Table 40 US: Conformal Coatings Market Size, By Type, 2018-2025 (USD Thousand)
Table 41 Canada: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 42 Canada: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 43 Mexico: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 44 Mexico: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 45 APAC: Conformal Coating Market Size, By Country, 2018–2025 (Ton)
Table 46 APAC: Conformal Coating Market Size, By Country, 2018–2025 (USD Thousand)
Table 47 APAC: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 48 APAC: Conformal Coating Market Size, By Type, 2018–2025 (USD Thousand)
Table 49 APAC: Conformal Coating Market Size, By End-Use Industry, 2018–2025 (Ton)
Table 50 APAC: Conformal Coating Market Size, By End-Use Industry, 2018–2025 (USD Thousand)
Table 51 China: Conformal Coating Market, By Type, 2018–2025 (Ton)
Table 52 China: Conformal Coating Market, By Type, 2018–2025 (USD Thousand)
Table 53 Taiwan: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 54 Taiwan: Conformal Coating Market Size, By Type, 2018–2025 (USD Thousand)
Table 55 Japan: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 56 Japan: Conformal Coating Market, By Type, 2018–2025 (USD Thousand)
Table 57 South Korea: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 58 South Korea: Conformal Coating Market Size, By Type, 2018–2025 (USD Thousand)
Table 59 Vietnam: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 60 Vietnam: Conformal Coating Market Size, By Type, 2018–2025 (USD Thousand)
Table 61 India: Conformal Coating Market, By Type, 2018–2025 (Ton)
Table 62 India: Conformal Coating Market, By Type, 2018–2025 (USD Thousand)
Table 63 Thailand: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 64 Thailand: Conformal Coating Market Size, By Type, 2018–2025 (USD Thousand)
Table 65 Rest of APAC: Conformal Coating Market Size, By Type, 2018–2025 (Ton)
Table 66 Rest of APAC: Conformal Coating Market Size, By Type, 2018–2025 (USD Thousand)
Table 67 Europe: Conformal Coatings Market Size, By Country, 2018–2025 (Ton)
Table 68 Europe: Conformal Coatings Market Size, By Country, 2018–2025 (USD Thousand)
Table 69 Europe: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 70 Europe: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 71 Europe: Conformal Coatings Market Size, By End-Use Industry, 2018–2025 (Ton)
Table 72 Europe: Conformal Coatings Market Size, By End-Use Industry, 2018–2025 (USD Thousand)
Table 73 Germany: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 74 Germany: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 75 France: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 76 France: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 77 Russia: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 78 Russia: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 79 UK: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 80 UK: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 81 Rest of Europe.: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 82 Rest of Europe.: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 83 RoW: Conformal Coatings Market Size, By Type, 2018–2025 (Ton)
Table 84 RoW: Conformal Coatings Market Size, By Type, 2018–2025 (USD Thousand)
Table 85 RoW: Conformal Coatings Market Size, By End-Use Industry, 2018–2025 (Ton)
Table 86 RoW: Conformal Coatings Market Size, By End-Use Industry, 2018–2025 (USD Thousand)
Table 87 Investment & Expansion, 2016–2020
Table 88 Merger & Acquisition, 2016–2020
Table 89 New Product Launch, 2016–2020

List of Figures

Figure 1 Market Segmentation
Figure 2 Conformal Coatings Market: Research Design
Figure 3 Market Size Estimation: Based on Global PCB Production
Figure 4 Market Size Estimation: Based on the PCB Revenues
Figure 5 Conformal Coatings Market: Data Triangulation
Figure 6 Automotive Accounted for the Largest Share in the Conformal Coatings Market in 2019
Figure 7 Acrylic to Be the Largest Type Segment During the Forecast Period
Figure 8 APAC to Be the Fastest-Growing Market for Conformal Coatings During the Forecast Period
Figure 9 Emerging Economies to Offer Lucrative Growth Opportunities Between 2020 and 2025
Figure 10 Automotive Segment Accounted for Largest Share of the Market
Figure 11 India to Grow at the Highest Rate During the Forecast Period
Figure 12 Drivers, Restraints, Opportunities, and Challenges in the Conformal Coatings Market
Figure 13 Porter’s Five Forces Analysis
Figure 14 Acrylic Was the Largest Type Segment in Conformal Coatings Market, 2019 (USD Thousand)
Figure 15 Automotive is the Largest End-Use Industry of Conformal Coatings (Ton)
Figure 16 APAC to Dominate the Conformal Coating Market
Figure 17 North America: Conformal Coatings Market Snapshot
Figure 18 APAC: Conformal Coating Market Snapshot
Figure 19 Companies Majorly Adopted Inorganic Growth Strategies Between 2016 to 2020
Figure 20 Top 5 Players Accounted for the Major Share of the Market
Figure 21 Henkel AG: Company Snapshot
Figure 22 Illinois Tool Works: Company Snapshot
Figure 23 Shin-Etsu Chemical Co. LTD: Company Snapshot
Figure 24 Dow: Company Snapshot
Figure 25 H.B. Fuller: Company Snapshot
Figure 26 Chase Corporation: Company Snapshot