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Global Automotive Conformal Coatings Market Size, Growth Drivers, Regional Outlook And Forecast 2020-2027

08-10-2021 08:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: VynZ Research

Global Automotive Conformal Coatings Market

Global Automotive Conformal Coatings Market

The global automotive conformal coatings market is expected to grow at an annual rate of 9.2% from USD 1.7 billion in 2020 to USD 3.2 billion in 2025. The increasing use of automotive electronics in automobiles, as well as numerous technological advancements in conformal coating application methods, are propelling this market forward.

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Conformal coating is a protective coating for electronic circuits that protects them from high humidity, fluctuating temperatures, and a harsh environment that may include airborne pollutants.

Because of massive expenditure in the electronics industry in China, Taiwan, South Korea, and Japan, Asia Pacific is expected to be the strongest growing regional market.

The market is expected to expand due to increased demand and development of passenger cars, as well as recent legislation requiring the installation of airbags and stricter emission standards in countries such as China and India.

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Because of the continuous miniaturisation of electronics and associated circuitry over the last few years, the demand for conformal coating has skyrocketed. The choice of a suitable application method and coating form has become critical. Rising product demand from the consumer electronics sector to protect PCBs from moisture, dust, heat, and other harsh environmental factors are expected to propel the market forward in the coming years. Increased demand from end-use sectors such as automotive, electrical and electronics, medical, and semiconductors is a major factor driving the conformal coating market forward.

The high cost of conformal coatings has a negative impact on demand. Conformal coating manufacturers are working hard to reduce production costs by introducing new technologies or lowering the cost of raw materials, given the high prices of these coatings. They're also looking to create coatings that will help them generate revenue from new application areas by increasing adoption. As a result, the automotive conformal coatings market's growth can be hampered by high prices and wide price variations depending on the material used for conformal coatings.

Market Key Players

• Altana Ag
• Chase Corporation
• CHT Group
• Comelec SA
• Conins Pune
• CSL Silicones Inc
• Dawn Tech
• Dow
• Dymax
• Electrolube
• H.B. Fuller
• Henkel
• HZO
• Para Tech Coating
• Paratronix
• Peters Group
• Shin-Etsu Chemical
• VSI Parylene (Vertical Solutions)

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across a wide range of industries.

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