Global Markets for Conformal Coatings in Electronics
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.
Frequently Asked Questions (FAQs)
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.
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 |
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| Companies studied |
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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.
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.
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.
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%.
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