The Conformal Coatings Market to Hit USD 16.9 Billion by 2026, at a CAGR of 5.4% from 2018 to 2026.

New York, NY -- (SBWire) -- 11/20/2018 --The new report "Conformal Coatings Market, [By Material Type (Acrylic, Epoxy, Urethane, Silicon, Parylene, and Others); By End-use (Consumer Electronics, Automotive, Aerospace & Defence, Industrial, Marine, Medical, and Others), By Regions]: Market size & forecast, 2018 – 2026", The Conformal Coatings Market to Hit USD 16.9 Billion by 2026, at a CAGR of 5.4% from 2018 to 2026.

These products are a segment of coatings that are considered protective, chemically formulated, non-conductive and dielectric layers. These are applied primarily onto printed circuit boards (PCB) assembly. These coatings are used to prevent the damage to the electronic assembly due to moisture, salt spray, contamination, corrosion, and few other factors caused by harsh environment.

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Rising demand for consumer electronics, advancements in medical equipment, and emerging smart vehicle technologies are some of the prominent factors that broadly make use of conformal coatings and are driving its market. Increase rate of in consumer disposable income and the demand for modern electronic devices such as mobile phones, laptops, and other gadgets have tremendously driven the growth of demand for these products in electronic items.

Automotive, aerospace, and defense industries have also significantly contributed to the growth of the conformal coatings market. Several factors that have led to increased manufacturing of aircrafts manufacturing include recovery in GDP, stable commodity prices such as that of crude oil, and growth in passenger travel demand especially in Asia Pacific, Latin America, and the Middle East.

Different types of resin materials are used in the formulation of conformal coatings. Silicone based conformal coatings have witnessed recent developments in this industry. These products have lower environmental impact and superior reliability. However, silicone based conformal coatings have relatively higher purchase price and with material advancements in the industry, these are anticipated to have reduction in total cost of ownership lower or to be equal to the common conformal coatings.

Some other technological advancement for the market includes low viscosity solvent-free conformal coating, parylene-like hydrophobic conformal coating, and single component conformal coating material to protect sensitive information on PCBs.

Most of the manufacturers of these products, device fabricators, and PCB assemblers prefer solvent-free conformal coatings for environmental and economic reasons, though, solvent based ones enhance performance. On account of more demand for "green chemicals", certain resins are growing at a faster pace as compared to the traditional ones such as acrylics.

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Competitive Landscape and Key Vendors

Asia Pacific is the dominant regional market. China, Japan, and South Korea are among the major contributing nations towards the growth of this regional market. In addition to this, the region has also witnessed strong demand in the consumer electronics products and semiconductor devices.

Market Players

Global industry market constitutes of large number of multinational and domestic companies and is moderately competitive. Some of the major industry players for conformal coatings include Electrolube, Kisco Conformal Coatings, H.B. Fuller, Chase Corporation, Henkel AG & KGaA, Illinois Tool Works, and Dow Corning.

Some points from TOC:

- Overview and Scope

1. Research goal & scope
2. Research assumptions
3. Research Methodology
1. Primary data sources
2. Secondary data sources
4. Key take-away
5. Stakeholders

- Executive Summary

1. Market Definition
2. Market Segmentation

- Conformal Coatings Market Insights

1. Conformal coatings industry snapshot
2. Conformal coatings value chain & distribution analysis
3. Conformal coatings raw material analysis
4. Conformal coatings technology outlook
5. Conformal coatings market dynamics
1. Conformal coatings Market driver analysis
2. Conformal coatings Market restraint/challenges analysis
3. Conformal coatings Market opportunity analysis
6. Industry analysis - Porter's five force
1. Bargaining power of supplier
2. Bargaining power of buyer
3. Threat of substitute
4. Threat of new entrant
5. Degree of competition
7. Conformal coatings market PEST analysis, 2017
8. Conformal coatings industry trends
9. Competitive company ranking analysis

- Conformal Coatings Market Size and Forecast by Material Type

1. Key Findings
2. Acrylic
3. Epoxy
4. Urethane
5. Silicon
6. Parylene
7. Others

- Conformal Coatings Market Size and Forecast by End-Use Type

1. Key Findings
2. Consumer Electronics
3. Automotive
4. Aerospace & Defense
5. Industrial
6. Marine
7. Medical
8. Others

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