Report Highlights
- The global market for conformal coatings for electronics will increase from $6.3 billion in 2007 to an estimated $6.6 billion in 2008. It should reach $9.1 billion in 2013, a compound annual growth rate (CAGR) of 6.8%.
- Conformal coating materials generated $1.4 billion in 2007 and an estimated $1.5 billion in 2008. This segment should increase to $2.3 billion in 2013, for a CAGR of 8.9%.
- Equipment for conformal coating is expected to generate $5.1 billion in 2008, an increase from $4.9 billion in 2007. This segment should reach $6.9 billion in 2013, for a CAGR of 6.2%.
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Report Highlights
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The value of the worldwide conformal coatings markets was $800 million in 2005. It is projected to grow in value at an average annual growth rate (AAGR) of about 15% to reach $1.6 billion by 2010. Key markets include semiconductor/electronics, medical devices, aerospace and automotive.
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Conformal coating use in the aerospace sector is the most developed segment of the industry. The aerospace sector represents about 21% of the market ($170 million). It is projected to grow at an AAGR of 8% through 2010 to $250 million.
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Automotive markets, representing about 18% of the market, will show an AAGR of 20%, increasing to $360 million by 2010. This growth will be driven by increased use of electronic monitoring, sensing/controlling devices, and computer systems over the next several years
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