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Conformal Coatings Market Dynamics and Development Trends by Profiled Leading Players include The Dow Chemical Industry, Henkel AG & Co. kgaA, Europlasma NV, H.B.Fuller Company
Conformal Coatings Market, Conformal Coatings Market Sales, Conformal Coatings Market Size, Conformal Coatings Market Share, Confo
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10 Leading Market Players:
The Dow Chemical Industry
Specialty Coatings System Inc.
Global Manufacturing Services, Inc
HemiSeal
Henkel AG & Co. kgaA
Chemtronics
H.B.Fuller Company
Electrolube
Europlasma NV
Shin-Etsu Chemical Co., Ltd
Market Scenario:
The global conformal coatings market is expanding rapidly on account of diverse application across various industry verticals and growth in end-user industries. Conformal coatings find application in the medical industry too. They are used to ensure the protection of tools and prevent them against corrosion; in pacemakers, they are used to ensure continuous performance. Conformal coatings experience inflated demand from the automotive industry. The use of electronics in vehicles is increasing and is even higher in hybrid vehicles. Safety and regulatory norms mandate the inclusion of features in cars as standard features which used to be categorized under advanced or luxury features earlier. Thus, the increase in electronic content per vehicle has resulted in the growth of the global conformal coatings market. The growth of the automotive industry, especially in developing countries is likely to propel the growth of the global conformal coatings market. Other driving factors include increasing demand from the marine industry owing to superior properties such as high chemical resistance and humidity resistance.
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Current Industry Updates
In October 2018, Aculon, Inc., a supplier of coatings and treatment for numerous applications, announced a partnership with Henkel Corporation, global electronic materials leader, to manufacture and market Aculon's nanotech-enabled waterproof conformal coatings for mobile devices.
In February 2018, Electrolube, the global manufacturer of specialist electro-chemicals, announced the launch of a new silicone conformal coatings. The coating has been specially formulated for improved edge coverage and greater thickness and provides excellent adhesion.
In February 2018, Para-Coat Technologies, a supplier of engineered coatings to the military, aerospace and medical industry, increased its capabilities by the installation of an automatic conformal coating line at its Johnstown facility.
Industry Segments:
The global conformal coatings market has been segmented based on type and end user. By type, the market has been segmented into acrylics, epoxy, urethane, silicone, parylene, and others. By end users, the market has been segmented into electronics, automobile, aerospace, marine, and others.
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Geographical Analysis
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the key markets for conformal coatings. North America is leading the global market for conformal coatings on account of increased demand from the aerospace and consumer electronics industry. In addition, rising sale of semiconductors and electronics manufacturing services is expected to influence the growth of the North America conformal coatings market.
Europe market for conformal coatings is strong and driven by increasing use of electronic devices in vehicles to comply with the European Union emission standards. Growing expenditure on R&D in electronics by Germany also drives the Europe market.
Asia Pacific region is expanding rapidly on account of growth in the consumer electronics industry. With the rise in disposable income in the region, the demand for consumer electronics such as smartphones, smartwatches, and other electronic devices has increased. In addition, expansion of the automobile industry in developing economies such as China, India, and South Korea has induced high demand for conformal coatings.
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