Conformal coating is a specialty polymeric film that is used to protect electrical components, circuit boards and other devices from adverse conditions. These coatings are typically applied at 25-75µm that conform to the circuit board topology. As the conformal coatings are used for insulating electrical devices, they are also known to maintain long term surface insulation resistance levels that ensure the operational integrity of the devices. Conformal coatings are also beneficial in providing a barrier to air-borne contaminants that are experienced due to the operating environments that help in preventing corrosion.
MARKET DYNAMICS
The conformal coatings market is assumed to grow in the forecast considering the growing demand by the automotive and transportation industry, especially from the Asia-Pacific region. The increasing application of conformal coating for electronic components in the aerospace and defense industry is estimated to create an upsurge in the conformal coatings market. However, the expensive replacement in case of damage might restrict the growth of the conformal coatings market. On the other hand, new product developments are likely to showcase growth opportunities for the conformal coatings market during the forecast period.
MARKET SCOPE
The "Global Conformal Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of conformal coatings market with detailed market segmentation by type, end-use industry, and geography. The global conformal coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading crude oil flow improver market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global conformal coatings market is segmented on the basis of type, and end-use industry. Based on type, the market is segmented as acrylics, epoxy, urethane, silicone and others. Based on end-use industry, the market is segmented automotive & transportation, electronics, aerospace & defense, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global conformal coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The conformal coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting conformal coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the conformal coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the conformal coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from conformal coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for conformal coatings in the global market. Below mentioned is the list of few companies engaged in the conformal coatings market.
The report also includes the profiles of key conformal coatings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Chase Corp
- DOW
- Dymax Corporation
- Electrolube
- Europlasma NV
- H.B. Fuller Company
- Henkel Adhesives Technologies Private Limited
- KISCO LTD.
- MG Chemicals
- Shin-Etsu Chemical Co., Ltd.