Allied Market Research

Global Conformal Coatings Market Size Is Set to Grow at a Remarkable Pace in the Coming Years

The report segments the conformal coating market on the basis of type, end-use industry, and geography

 

Portland, OR -- (SBWIRE) -- 01/02/2018 -- A Conformal Coating is a protective chemical barrier or polymer film that defend circuit boards from harsh environment. They are applied as thin layers of few micro meters, to shield the circuitry against moisture, salt spray, dust, chemicals, and temperature extremes to avoid corrosion, mould growth and electrical failures. They found important applications in industries such as automotive, military, aerospace, marine, lighting, industrial and green energy applications.

The global conformal coating market is in its mature stage and thus, developing at a moderate pace. Asia-Pacific holds the largest share in the global conformal coatings market and is expected to witness highest CAGR during the forecast period. The global conformal coating market is expected to register moderate growth in the forecast period, due to increasing use for electronic components in automotive & consumer electronics sector. Other factors that are expected to drive the market is increasing demand for conformal coated products in aerospace & defense industry.

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The report segments the conformal coating market on the basis of type, end-use industry, and geography. On the basis of type, the market is segmented into silicone, acrylic, epoxy, urethane, parylene and others. According to the end-use industry, the market is classified into electronics, aerospace & defense, automotive & transportation, industrial, marine and other end-use industries. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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Further advancements such as in June 2016, coating that allows user to hide information on their circuitry and provide environmental protection was developed by Electronic Coating Technologies, Brampton ON, Canada & in July 2016, Kingfield Electronics Ltd, UK invested in two high-definition digital inspection systems for conformal coating analysis which has contributed in improving quality of the coating & development of the market.

CONFORMAL COATINGS MARKET KEY SEGMENTS:

By Type

-Silicone
-Acrylic
-Epoxy
-Urethane
-Parylene
-Others

By End-Use

-Electronics
-Aerospace & Defense
-Automotive & Transportation
-Industrial
-Marine
-Others