Electronics Conformal Coating Market to Reach USD 1182.69 Million by 2028 – Technological Advancement and Growth in Consumer Electronics to Boost Sales

Washington, DC, February 7, 2022 (GLOBE NEWSWIRE) – The global market for conformal coatings for electronics is expected to reach $ 1,182.69 million by 2028, with a total annual growth rate (CAGR) over the forecast period of 4 , 82%. It is expected that the growth of the consumer electronics industry with the growing need to protect printed circuit boards from moisture, dust, heating will stimulate market growth, according to a report by Vantage Market Research entitled “Conformational coatings for electronics by type (acrylic, silicone, epoxy, urethane), end-use (consumer electronics, automotive, aerospace and defense, industry, telecommunications), by region (North America, Europe, Europe, Europe) , Middle East and Africa, Latin America) – Global Industry Assessment (2016 – 2021) and Forecast (2022 – 2028) “. In 2021, the market volume was $ 851.81 million.

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Our free sample reports include:

  • In-depth industry analysis, introduction, review and outbreak of the COVID-19 pandemic.

  • Impact Analysis More than 150 pages of Research Report (including recent studies)

  • Give recommendations on sections on request. An updated regional analysis of 2021 with a graphical display of trends, size and share, includes an updated list of figures and tables.

  • The updated report includes key market players with their sales volume, business strategy and revenue analysis using Vantage Market Research Methodology.

(Note that a sample of this report has been updated to include a study of the effects of COVID-19 prior to delivery.)

List of well-known players in the market of conformational coatings for electronics:

COVID-19 impact analysis:

The COVID-19 outbreak affected various industries around the world. The Conformal coating market for electronics is no exception. Governments around the world have taken serious measures such as sealing the border, blocking and introducing strict social distancing measures to stop the rapid spread of COVID-19. These actions have led to a serious impact on the world economy, exacerbating various industries. The impact of COVID-19 on market demand is considered when assessing current and projected market size and market growth trends for all regions and countries based on the following data:

  1. Impact assessment of the COVID-19 pandemic

    1. North America

    2. Europe

    3. Asia-Pacific region

    4. Latin America

    5. Middle East and Africa

  2. Quarterly forecast of market revenues for the Asia-Pacific region for 2020 and 2021.

  3. The main strategies adopted by companies to combat COVID-19

  4. Long-term dynamics

  5. Short-term dynamics

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Highlights of the report on the market of conformational coatings for electronics:

  • Market assessment

  • Premium insight

  • Competitive landscape

  • COVID impact analysis

  • Historical data, estimates and forecast

  • Company profiles

  • Global and regional dynamics

Market overview:

Technological advances to stimulate market growth

It is expected that the growing demand for vehicles and automotive electronics will create a huge demand for the market of conformal coatings for electronics in the coming years. Another factor driving the market for conformal coatings for electronics is the increasing proliferation of electric vehicles with their advanced components. The coating is designed to protect the necessary electronic institutions in the car. The global manufacturer of electrochemicals, Electrolube, has launched six next-generation conformal coatings that are UV-curable. In order to protect the sensors of EV cars and to restore the quality of systems from the environment, there is a demand for safety and luxury conformal coatings.

Wide application for market expansion

The growth of the market for electronic conformal coatings is due to the high demand for miniature electronics, circuits, and several advanced applications related to printed circuit boards. Conformal coating solutions that have an excellent combination of superior performance with reliability in a variety of industries, such as defense, aerospace and navy, adopt the right level of protection.

High demand for the development of high-end applications, as well as the growing prevalence of printed circuit board manufacturers to develop durable coatings with high corrosion resistance characteristics. Thus, the use of conformal coating in portable and wireless consumer electronic products is increasing and contributing to the growth of the conformal coating market for electronics.

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Regional analysis:

Development in the consumer electronics and automotive sectors Increased growth in the Asia-Pacific region

It is expected that in the Asia-Pacific region there will be a significant market share of conformal coatings for electronics. Major investments in consumer electronics in countries such as China, Taiwan, Japan and South Korea are expected to increase demand for products. In addition, the growth and development of the automotive sector in India is likely to stimulate market growth in the region. The expansion of autonomous vehicles has brought new opportunities for electronic coatings, contributing to further market growth.

Recent developments in the industry:

October 1, 2021: Dow has introduced the new DOWSIL CC-2588 Conformal Coating coating, a durable, abrasion-resistant silicone-based material that protects printed circuit boards (PCBs) and electronic components from high humidity and corrosion. This very reliable silicone-based coating is virtually odorless and has extremely low levels of volatile organic compounds (VOCs). The DOWSIL CC-2588 conformal coating cures at room temperature to reduce energy consumption, supports spraying for higher throughput, and allows automated inspection equipment to use ultraviolet light (UV) to identify any voids in the conformal coating.

March 2, 2019: HB Fuller Japan will strengthen its engineering adhesive (EA) business in Japan by focusing on high-performance adhesives, including reactive chemical adhesives and their applications.

View tables and figures of market data on 155 pages and detailed basic information Conformational coatings for electronics by type (acrylic, silicone, epoxy, urethane), end-use (consumer electronics, automotive, aerospace and defense industry, telecommunications), by region (North America, Europe, Asia-Asia East and Africa, Latin America) – Global Industry Assessment (2016 – 2021) and Forecast (2022 – 2028) “ See a detailed research report here – https://www.vantagemarketresearch.com/press-release/electronics-conformal-coating-market-689863

Answers to the main questions in the report:

  • Which regional market will show the greatest and fastest growth?

  • What are the top five players in the conformal coating market for electronics?

  • How will the market for conformal coatings for electronics change in the next six years?

  • Which application and product will occupy the lion’s share of the conformal coatings market for electronics?

  • What are the factors and limitations in the Electronics Conformal Coating market?

  • What will be the CAGR and market size of electronic conformal coatings over the forecast period?

This market called “Electronic Conformance Coating Market” will cover exclusive information in terms of regional analysis, forecast and quantitative data – units, key market trends and various others, as shown below:

Report attribute

Details

The size of the market in 2021

851.81 million US dollars

Projected market volume in 2028

1,182.69 million US dollars

CAGR growth rate

CAGR 4.82% from 2022 to 2028

Base year

2021

Historical years

2016 – 2020

Years of forecast

2022 – 2028

Segments covered

Type

  • Acrylic

  • Silicone

  • Epoxy

  • Urethane

  • Parylene

End use

  • Consumer Electronics

  • Automotive

  • Aerospace and protection

  • Industrial

  • Telecommunications

Quantitative data – units

Profits in millions of US dollars / billion and CAGR from 2022 to 2028

Regions covered

North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa, and the rest of the world

Covered countries

USA, Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC and South Africa, among others

Number of companies covered

10 companies with the ability to include an additional 15 companies on request

Coverage of reports

Drivers of market growth, constraints, opportunities, Porter’s five strengths analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and regions, company market share analysis and COVID-19 impact analysis.

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