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Conformal Coatings Global Market Report 2024 To 2033 | Dow Inc, Shin-Etsu Chemical Co. Ltd, Henkel AG & Co. KGaA, H.B. Fuller Company and ITW, Altana, Kisco Ltd
Conformal Coatings Market Share
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According to The Business Research Company's, The conformal coatings market size has grown strongly in recent years. It will grow from $13.49 billion in 2023 to $14.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing demand for electric vehicles (evs), increasing demand for conformal coatings in medical equipment and increasing demand in aerospace industry.
The conformal coatings market size is expected to see strong growth in the next few years. It will grow to $19.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to government support, global population growth and urbanization and increasing investments in 5g technology and telecom infrastructure. Major trends in the forecast period include government support, global population growth and urbanization and increasing investments in 5g technology and telecom infrastructure.
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Market Drivers and Trends:
The growth in demand for the consumer electronics industry is expected to propel the growth of the conformal coatings market. The consumer electronics industry consists of a range of electronic products such as smartphones, TVs, and personal computers. Conformal coatings are used in consumer electronics to combat chemicals, hazardous external conditions, and toxins in offices and residences. For instance, according to ClearSale, a US-based company, the consumer electronics sector's revenue is expected to exceed $450 billion by 2024. Therefore, the growth in demand for conformal coatings from the consumer electronics industry is expected to drive the growth of the conformal coatings market.
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 provide 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.
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Major Key Players of the Market:
3M Company, General Electric Company, CeramTec GmbH, Coorstek, Inc., Kyocera Corporation, Ube Industries Ltd, SGL Carbon Company, Rolls-Royce plc, Applied Thin Films Inc, Ultramet, CFC Carbon Co. Ltd, Karbon composites & Technology Co Ltd, Neo Carbon Fiber, China Composites Group Corp Ltd, DJT Carbon Co Ltd, ZhongAo Carbon, Tasuns Composite Technology, Zhejiang Xinchor Technology Co Ltd, HangFung Technology, Sichuan Chang Yang Composites Company Limited, ShenZhen RuiTai Carbon, Dongguan Roche Industrial Co. Ltd, Safran, Cemacon, Ceramica S.A, COI Ceramics,, Axiom Materials Inc., Raytheon Technologies, Lancer Systems, United Technologies
Conformal Coatings Market 2024 Key Insights:
• The conformal coatings market size is expected to see strong growth in the next few years. It will grow to $19.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
• Consumer Electronics Industry Surge Fuels Growth In The Conformal Coatings Market
• Advancements In Uv-Curable Technology Elevate Electronic Component Protection
• Asia-Pacific was the largest region in the conformal coatings market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Information About PCBA conformal coating spraying process flow
Image: https://www.abnewswire.com/uploads/2eb90099321ca0e599b96a1c69f8e0a0.jpg
According to customers requires, Cirket also have conformal coating service. PCBA [https://www.cktpcba.com/pcba/]conformal coating has excellent insulation, moisture-proof, leakage-proof, shock-proof, dust-proof, corrosion-proof, anti-aging, mildew-proof, anti-part loosening and insulation corona resistance properties, which can extend the storage time of PCBA. Cirket is always using Spraying which also the most commonly used coating method in the industry.
Cirket PCBA [https://www.cktpcba.com/pcba/] conformal coating spraying process flow
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