Conformal Coatings Market Key Drivers, Insights, Outlook, Overview And Market Research Report 2023-2032

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The Business Research Company's latest "Global Conformal Coatings Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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The conformal coatings market reached a value of nearly $12,528.7 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $12,528.7 million in 2022 to $18,248.6 million in 2027 at a rate of 7.8%. The market is then expected to grow at a CAGR of 8.2% from 2027 and reach $27,093.6 million in 2032.

Major trends influencing the conformal coatings market include:

New Range Of UV Curable Conformal Coatings

Companies operating in the conformal coatings market are focusing on developing new UV-curable conformal coatings to strengthen their position in the market. UV-curable conformal coatings provide excellent protection for printed circuit boards (PCBs) and other electronic components. They create a protective barrier that shields the PCBs from environmental factors such as moisture, dust, chemicals, and temperature variations. For example, in 2021, Chase Corporation's (a US-based specialty chemicals company) HumiSeal brand launched a new range of UV-curable conformal coatings called the UV40 range. The UV 40 series of UV-curable conformal coatings provides superior protection and value for medium- and high-volume PCB manufacturing applications. The gel conformal coating materials by HumiSeal offer an application thickness of up to 1mm, nearly 10 times the normal thickness of the conformal coating. The HumiSeal UV40 conformal coating has thermal properties with a continuous operating range of -650 °C (-850 °F) to +1 350 °C (2750 °F) and thermal shock, per MIL-I-46058C, is a military standard that establishes qualification and conformance requirements for conformal coatings and determines which are suitable for application to printed circuit assemblies by dipping, brushing, spraying, or vacuum deposition.

Conformal Coatings Market Segmentation:

By Type -
The conformal coatings market is segmented by type into
a) Acrylic
b) Silicone
c) Epoxy
d) Urethane
e) Parylene
f) Other Types

By Technology-
The conformal coatings market is segmented by technology into
a) Water-Based
b) Solvent-Based
c) UV-Cured

By Operation Method-
The conformal coatings market is segmented by operation method into
a) Dip Coating
b) Brush Coating
c) Spray Coating
d) Chemical Vapor Deposition

By End Use -
The conformal coatings market is segmented by end use into
a) Automotive
b) Consumer Electronics
c) Aerospace and Defense
d) Industrial
e) Other End Users

Some of the key players involved in the Conformal Coatings market are Dow Inc, Shin-Etsu Chemical Co. Ltd, Henkel AG & Co. KGaA, H.B. Fuller Company, ITW (Illinois Tool Works Inc.

The regions covered in the global Conformal Coatings market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
………………………………………
20. Company Profiles
21. Key Mergers and Acquisitions
22. Opportunities And Strategies
23. Conformal Coatings Market, Conclusions And Recommendations
24. Appendix
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