What is Conformal Coatings?
Conformal coatings are protecting materials that are designed to conform to the surface of printed circuit boards for the purpose of providing a durable barrier against environmental contaminants and pollutants. A conformal coating is typically applied as a thin film with a thickness of 0.075mm to 0.2 mm. The physical and chemical compositions of various coatings differ, and thereby offer varying degrees of protection. Moreover, conformal coatings prevent corrosion of conductors, short circuits and solder joints by providing a barrier against moisture, chemical impurities, and dust. The conformal coatings offer durable insulation to help components tolerate shock and resist abrasion. The coatings also serve to reduce mechanical and thermal stresses on the components. This application has led to significant growth in the market in the forecast period.
The market study is broken down by Type (Acrylic, Epoxy, Urethane, Silicone and Parylene) and major geographies with country level break-up.
The Vendors having a strong hold in the market are Henkel AG & Co. kgaA, Illinois Tool Works Inc., The Dow Chemical Industry, and Altana AG Electrical Insulation. Analysts at AMA Research estimates that Vendors from United States and European will contribute to the maximum growth of Global Conformal Coatings market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Henkel AG & Co. kgaA (Germany), Illinois Tool Works Inc. (United States), The Dow Chemical Industry (United States), Altana AG Electrical Insulation (Germany), Specialty Coatings System Inc. (United States), Global Manufacturing Services, Inc (United States), HemiSeal (United States), H.B.Fuller Company (United States) and Electrolube (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Europlasma NV (Belgium), Chemtronics (India) and Shin-Etsu Chemical Co., Ltd (Japan).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Conformal Coatings market by Type, Application and Region.
On the basis of geography, the market of Conformal Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Verticals, the sub-segment i.e. Consumer Electronics will boost the Conformal Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Dip Coating will boost the Conformal Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 08, October 2018, Electrolube has launched a series of innovative new polyurethane and silicone conformal coating products at SMT Hybrid Packaging exhibition, which takes place in Nuremberg. The company has extended the range with the new 2K550, 2K850 and 2K750 conformal coatings.
Market Trend
- Increasing Demand from the Electronics, Automotive, Aerospace & Defense, and Medical Industries
Market Drivers
- Increasing Demand for Consumer Electronics
- Rising Demand for Electronic Devices in Automotive in Emerging Economies
Opportunities
- Rising Technological Advancements and Automation Coupled with Increasing Purchasing Power among Consumers
Restraints
- Robust Competitive Rivalry Might Stagnant Demand of the Conformal Coatings
Key Target Audience
Conformal Coatings Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.