Automotive Conformal Coatings Market to Reach USD 2.7 billion by 2025

“Increasing demand for comfort and safety features in vehicle to drive the growth of the automotive conformal coatings market.”

The global automotive conformal coatings market is projected to reach USD 2.7 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 8.7%. The growth of this market is primarily driven by the increasing automotive electronics in vehicles and various technology advancement in application method of conformal coating.

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With progression in time, the COVID-19 impact has severely disrupted the supply chain for entire automotive ecosystem. This has halted production facilities across the globe resulting in disruption in the exports of the automotive components. This scenario is expected to affect automotive conformal coatings market, as the growth of the market is directly related to the production of the vehicles. The global production of vehicle pre-COVID-19 was expected to reach from ~90-95 million units in 2020 to ~110-115 million units by 2025. According to OICA, though global vehicle production declined by 5.2% between 2018-2019, the production outlook was supposed to showcase significant growth from 2021-2022 owing to multiple steps taken by OEMs, as well as some government, to attract customers.

“Battery Electric Vehicle (BEV) is the fastest growing market, by EV type”

Stringent emission norms across the globe have led to an increased focus by governments on promoting and investing in BEVs. This is expected to create a favorable environment for BEV sales and drive its demand. Electric vehicles have higher installation of electronics than traditional vehicles, and the increasing sales of BEVs is expected to fuel the demand for conformal coatings to protect these vital components. These factors are expected to drive the market growth for BEV segment in near future.

Long wont to safeguard computer circuit boards (PCBs) and other essential automotive electronics from harsh operating environments, conformal coatings’ importance in auto-design/manufacture has never been greater. Fragile electronic components and therefore the paths between them require protection for PCBs to perform reliably. Conforming to PCBs’ topographies, coatings insulate assembly components, safeguarding specialized electronics’ functional integrity through extreme operating conditions.

Automotive PCBs contain as many as 100 million lines of code and have advanced circuitry with many microprocessors. PCB miniaturization and expanded component density requires precise coating application. Liquid silicone and vapor-applied parylene are currently the 2 most precious conformal film materials for these purposes.

automotive electronic systemsRoughly like a really soft rubber, plastic (SR) is employed frequently for automotive electronics. Applied during a sufficiently thick coating-layer, it absorbs impact and shock to the coated assembly. Parylene (XY) forms a skinny , resilient coating with less abrasion resistance. However, parylene coatings are chemically inert and very tough, ready to withstand exposure to brake fluid, antifreeze, salt air and automotive chemicals with solvent properties, like gasoline.

Thermal resistance is one area of performance where silicone conformal films exceed parylene. SR works effectively at higher operating temperatures (>200ºC), a functional advantage compared to parylene, which tops out at 80ºC. Because many automotive applications have heat requirements, parylenes C or N aren't viable options. Some SR-variations provide reliable conformal coating at 600ºC, making them a superior alternative to parylene, at far lower cost. While certain fluorinated parylenes possess higher temperature-performance capabilities, excessive cost makes large-volume production economically infeasible.

“Asia Pacific is estimated to be the fastest growing market for automotive conformal coatings market”

The regional growth can be attributed to higher production of vehicles in countries such as China, Japan, and South Korea. Governments across the Asia Pacific region have formulated stringent safety and emission norms that are expected to increase the installation of automotive electronics. Moreover, modern features, such as power windows, automatic rain wiper, rear parking sensors, and LED DRL, are penetrating in entry to mid-level cars due to consumer demand. These features will require more electronic installations, which, in turn, is expected to drive the automotive conformal coatings market.

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