Global Markets for Conformal Coatings in Electronics

Report Code: IFT009H

Publish Date: Jan 2023

Publisher: BCC Publishing

Category: Information Technology

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Report Highlights

The global conformal coatings materials market should reach $2 billion by 2022 and $2.7 billion by 2027, with a compound annual growth rate (CAGR) of 6% during the forecast period of 2022-2027.

Report Includes

  • 45 data tables and 37 additional tables
  • A brief general outlook and up-to-date analysis of the global markets for conformal coatings and coating equipment in electronics industry applications
  • Analyses of the global market trends, with market revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Estimation of the actual market size in value and volumetric terms, revenue forecast in USD millions, and corresponding market share analysis by material type, technology, application, and region
  • In-depth assessment of the market drivers and opportunities for conformal coating materials, equipment and spares, key shifts and regulations, industry specific challenges, and other macroeconomic factors influencing the market demand in the coming years (2022-2027)
  • A look at the increased demand for conformal coatings driven by customers’ expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties
  • Coverage of new technologies, R&D progress, market forecast and recent activities in the paints and coatings industry
  • Updated information on key mergers, acquisitions and other business relations in the global market for conformal coatings and coating equipment in electronics industry applications
  • Company profiles of major players within the industry, including Daikin Industries, Dow Inc., Henkel AG & Co. KGaA, and Shin-Etsu Chemical Co., Ltd.

Report Scope

The scope of the report includes a detailed study of global and regional markets for various types of conformal coatings and coating equipment and the reasons for variations in industry growth by region. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the regions and end uses. Furthermore, the ongoing market trends, market growth drivers, and challenges impeding the market are discussed.

Market size and estimations will be provided in terms of volume and revenue considering 2021 as the base year. Market forecasts will be given from 2022-2027. The market size for different regions (material type by region, applications, and end use) will also be covered. The impact of COVID-19 was also considered when deriving market estimations.

Global markets, conformal coatings, coating equipment segments, and growth forecasts through 2027 are offered. Sales value estimates are based on prices in the supply chain. Market-driving forces and industry structure are examined. International aspects are analyzed for all global regions and profiles of major global manufacturers are presented.

This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industries around the world was severely affected by the pandemic. The COVID-19 pandemic halted progress in every regional economy. Various governments around the world are taking measures to contain the economic slowdown.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $10.0 billion
Market size forecast $14.3 billion
Growth rate CAGR of 6.6% for the forecast period of 2022-2027
Units considered $ Millions
Segments covered Region, Type, End Use
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Key Market Drivers
  • Miniaturization Trends Affecting Conformal Coatings Demand
  • High Cost of Materials and Labor
Companies studied
ALTANA AGCHASE CORP.
CHEMTRONICSCHT GERMANY GMBH
DAIKIN INDUSTRIES LTD.DOW
DYMAXELECTROLUBE
EPOXIES ETC.EUROPLASMA NV
HENKEL AG & CO. KGAAH.B. FULLER CO.
MASTER BOND INC.MG CHEMICALS
MOMENTIVE PERFORMANCE MATERIALS INC.PLASMA RUGGEDIZED SOLUTIONS
PANACOL-ELOSOL GMBHSHIN-ETSU CHEMICAL CO. LTD.
TRANSENE CO. INC.SPECIALTY COATING SYSTEMS INC.
FLUID RESEARCHGLENRO INC.
NORDSON CORP.PRECISION VALVE AND AUTOMATION
PYRADIA INC.ULTRASONIC SYSTEMS INC.
VERTICAL SOLUTIONS INC.JARO CORP.
VITEK RESEARCHADVANCED DEPOSITION & COATING TECHNOLOGIES INC.
CURTISS-WRIGHT SURFACE TECHNOLOGIES
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Frequently Asked Questions (FAQs)

The conformal coatings in electronics market is projected to grow from $10.3 billion in 2022 to $14.3 billion in 2027, at a compound annual growth rate (CAGR) of 6.6% during the forecast period.
The key factors driving the growth of conformal coatings in electronics market includes: • Expanding electronics devices market • Growth in semiconductor industry • Rising adoption of conformal coatings by automotive, aerospace and defense industries
The conformal coatings in electronics market is segmented on the basis of type and applications of conformal coatings materials, type and customers of conformal coatings equipment and spares, and by region.
Key companies in the market includes Dow Inc., Henkel AG, Shin-Etsu Chemical Co., H.B. Fuller, Altana AG, Chase Corporation, CHT Group, Electrolube, Dymax Corp. among others.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Markets for Conformal Coatings in Electronics212Free
Chapter- 1: Introduction12Free
Chapter- 2: Summary and Highlights7Free
Chapter- 3: Market Trends16Free
Chapter- 4: Conformal Coating Materials and Technologies40Free
Chapter- 5: Conformal Coating End-Use Industries12Free
Chapter- 6: Impact of COVID-19 and the Russia-Ukraine War on the Conformal Coatings Market7Free
Chapter- 7: Laws, Regulations, and Standards Concerning Conformal Coatings8Free
Chapter- 8: Market Breakdown by Conformal Coating Material, Equipment, and Spares5Free
Chapter- 9: Market Breakdown by Coating Type25Free
Chapter- 10: Market Breakdown by Application10Free
Chapter- 11: Market Breakdown by Conformal Coating Equipment and Spares15Free
Chapter- 12: Patent Review2Free
Chapter- 13: Competitive Landscape10Free
Chapter- 14: Company Profiles42Free
Chapter- 15: Appendix: Acronyms1Free
Published - Sep-2016| Analyst - Andrew McWilliams| Code - IFT009G

Report Highlights

The global market for conformal coating materials, equipment and spares will grow from $10.2 billion in 2016 to nearly $14.2 billion by 2021 with a compound annual growth rate (CAGR) of 6.8% for the period of 2016-2021.

Report Includes

  • An overview of the global markets for conformal coatings used in electronics.
  • Analyses of global market trends, with data from 2015, 2016, and projections of CAGRs through 2021.
  • Information on the technology, development, production, and methods of application for conformal coatings in electronics.
  • Analysis of major market trends both in terms of region and the application sector.
  • Information on various emerging technologies and new products produced using these technologies.
  • Analysis of the drivers of demand for the market including performance, ease of application, sustainability, quality, functionality, and environmental properties of the coatings.
  • Profiles of major players in the industry.
Published - Aug-2014| Analyst - Andrew McWilliams| Code - IFT009F

Report Highlights

The value of the worldwide market for conformal coating materials and equipment and spares is expected to grow from $8.1 billion in 2013 to $9 billion in 2014, and reach $12.2 billion in 2019, a compound annual growth rate (CAGR) of 6.3% between 2014 and 2019.

Report Includes

  • An overview of the global markets for conformal coatings used in electronics.
  • Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
  • Information on the technology, development, production, and methods of application for conformal coatings in electronics.
  • Analysis of major market trends both in terms of region and the application sector.
  • Information on various emerging technologies and new products produced using these technologies.
  • Analysis of the drivers of demand for the market including performance, ease of application, sustainability, quality, functionality, and environmental properties of the coatings.
Published - Jul-2012| Analyst - Andrew McWilliams| Code - IFT009E

Report Highlights

The global market for conformal coating materials, equipment, and spares is expected to grow from $7.9 billion in 2011 to $8.5 billion in 2012, and $9 billion in 2017, a CAGR of 1% between 2012 and 2017.

Published - Dec-2008| Analyst - Srinivasa Rajaram| Code - IFT009D

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%.
Published - Jun-2006| Analyst - Debora Bergstrom| Code - IFT009C

Report Highlights

  • 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.
  • 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.
  • 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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Global Markets for Conformal Coatings in Electronics
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