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North America Conformal Coatings Market Size 2025 Outlook, Opportunity And Demand Analysis, Forecast, Share

Author : Ronak Bora | Published Date : 2019-07-17 

North America, in particular U.S. conformal coatings market share and accounted for 30% in 2014 and is likely to grow at significant rate over the forecast period. Asia Pacific is likely to witness highest gains over the forecast period owing to electronics industry growth in China, India and South Korea. Global conformal coatings market size was worth over USD 3 billion in 2014 and is likely to be valued at USD 5.2 billion by 2023, growing at CAGR of above 6.2%.

Electronics based conformal coatings market size was the largest and accounted for over 35% of the total demand in 2014. This application generated revenue exceeding USD 1.6 billion in 2014 and is likely to register above USD 2.5 billion by 2023. Other major applications include aerospace, medical devices and automotive.

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Acrylic resin conformal coatings accounted for more than 65% of the total demand in 2014 and are likely to witness moderate growth rate over the forecast period. Silone resins accounted for more than 25% of the total revenue share in 2014 and are likely to grow at significant rate till 2023. Other major resin types include silicone, polyurethane (PU), epoxy and paralyne.

Increase in electronic devises sales such as home appliances, laptops and cell phones coupled with demand for proper functioning of PCBs (printed circuit boards) even in harsh environments is likely to drive conformal coatings market. Its main function is to act as protective barrier for PCBs against factors such as corrosive gases, humidity, fungi, dust and solvents.

Prevention against rapid compressions & decompressions for circuitry performance under harsh conditions in aerospace applications is likely to drive conformal coatings market growth. They are used in both depressurized and pressurized areas. They are also used in medical industry. Its application involves tool protection in storage areas for corrosion prevention, pacemakers for continuous performance and hospital food carts.

Different resin used serve as base materials and every type has used has different properties, performance characteristics and application issues associated with them. Their choice in depends upon operation and environmental conditions present at time of different applications.

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Conformal coatings are applied through dipping, flow coating or spraying. Robotic dispensing systems are most commonly used for myriad applications. Brushing systems are done for small operations or at times of repair work in which uniform coating is difficult. Handheld spray gun is used with low viscosity coatings which are appropriate a bit larger volumes and require masking to protect PCB where coating is not required which includes LED lenses, heat sinks, connectors and speakers. Overspray and consistency is a concern with handheld spray gun.

The global conformal coatings market share is concentrated with few large industry participants such as Cytec Industries, Chase Corp, Dymax Corp, Dow Corning and Glenro Inc. Other prominent players include Epoxies Etc, Electrolube, Henron Manufcaturing, ITW Chemtronics, and Master Bond Inc.

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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