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Global Conformal Coatings Market – Global Industry Analysis For Forecast (2018-2026)

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Item Id : 43345
Published date : 14/03/2019
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Global Conformal Coatings Market is anticipated to reach a USD XX by 2026 at a CAGR of about 7% during a forecast period of 2017-2026.

Conformal coatings are specially used for protecting the circuit boards and other electronic components from grating environmental conditions. Growing innovations of electronic devices such as mobile phones and vehicle engines are boosting the demand across the globe. The growing trend of manufacturing lightweight automobiles is expected to boost the demand for electronic components in turn driving the conformal coatings market.Conformal Coatings Market Conformal coatings are segmented into acrylic, silicone, polyurethane, epoxy, Fluoropolymers and perylene. Out of these acrylic coating is used broadly as it is easy to apply and remove or rework also offers good abrasion resistant, high moisture resistance, fair elasticity, high dielectric strength and fungus resistance. Acrylic holds a major share in a conformal coatings market followed by epoxy and silicone. Silicone conformal coatings emit superior flexibility, chemical resistance and salt spray resistance. Removal of silicone conformal coatings is quite difficult as it requires specialized solvents and long soaking time. Polyurethane conformal coatings are popular for their superior resistance to moisture and chemicals offers high abrasion and excellent adhesion. Epoxy conformal coatings provide resistance to humidity and high resistance to abrasion and chemical. Cured epoxy is very difficult to remove. Parylene conformal coating offers excellent dielectric strength and superior resistance to solvents and extreme temperatures. Parylene conformal coating is applied by vapor-phase deposition. Fluoropolymer-based conformal coatings are dissolved in a fluorocarbon-based carrier solvent and they are applied as a thin coat.

In terms of end-use conformal coating is segmented into Consumer Electronics, Medical, Automotive, Defense, Aerospace, Marine, Industrial Machinery and Equipment. Electronic segment holds the largest share followed by automotive, medical and aerospace and defence. Use of electronic systems, music systems, GPS, and cameras in vehicles is growing rapidly and the use of conformal coatings is finding more applications. Aerospace industry with its high safety requirements also has vital application for conformal coatings, where rapid compression and decompression can affect the performance of circuitry.

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