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Electronics Conformal Coating Market

Market Study on Electronics Conformal Coating: Need for Enhanced Safety and Improved Shelf Life of Automobiles and Consumer Electronics Products to Play a Vital Role

Electronics Conformal Coating Market by Type (Acrylic, Polyurethane, Hybrid, Silicone, Epoxy)

Electronics Conformal Coating Market Outlook (2022 to 2032)

The global market size for electronics conformal coating industry to be valued at US$ 1.0 billion in 2022. Sales of electronics conformal coating grew at a CAGR of 5.9% between 2017 to 2021. The market will hit US$ 1.7 billion by the end of the forecast period (2022 to 2032), registering a CAGR of 5.1% from 2022 to 2032.

The electronics conformal coating market is a rapidly growing industry. It is driven by the increasing demand for electronic devices across various diverse industries. Some of these would include automotive, aerospace, healthcare and, especially, the industrial and telecommunications segment.

In terms of product type, the acrylic conformal coating segment is expected to moderately grow at a CAGR of 5.0% from 2022 to 2032. The top industry vertical for conformal coatings is industrial and telecommunication, which is expected to grow at a CAGR of 4.9% from 2022 to 2032.

The report also provides insights into the market size and growth of prominent regions including the United States, the United Kingdom, China, Japan, and South Korea. In 2022, the United States market for electronics conformal coatings is reported to be US$ 273.5 million, with a CAGR of 3.9% from 2022 to 2032.

Persistence Market Research (PMR) suggests that the business leaders should keep an eye on the growing demand for electronic products and components in the industrial and telecommunication sectors.

They should also focus on the development of new, efficient, and high-performance conformal coating technologies, estimates the study. Emerging markets such as China and South Korea are anticipated to provide a positive outlook for the expansion of their operations.

PMR opines, key manufacturers are likely to invest in R&D activities to improve the properties and performance of conformal coatings, and expand their product portfolio to cater to the diverse requirements of their customers.

Attributes Details

Electronics Conformal Coating Market Estimated Size (2022E)

US$ 1 Billion

Projected Market Valuation (2032F)

US$ 1.7 Billion

Value-based CAGR (2017 to 2021)

5.9 %

USA Value-based CAGR (2022 to 2032)

3.9 %

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Demand for Electronics Conformal Coating from 2022 to 2032 Compared to Sales Analysis from 2017 to 2021

As per Persistence Market Research (PMR), the demand for electronics conformal coating increased by around 5.9% CAGR during 2017 to 2021. With an absolute $ opportunity of US$ 660 million, the market is projected to reach a US$ 1.7 billion by 2032.

This growth can be attributed to the increasing demand from the industrial and telecommunication sectors. It has various further zones of interests like aerospace, automotive, and consumer electronics.

Across sectors, digitalization has been on the rise. This has driven companies’ fast adaptation to electronics and telecommunication consumption, leading to more utilization of electronics conformal coating. The need for improved reliability and longevity of electronics in harsh environments is also driving the demand for conformal coatings.

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Top Electronics Conformal Coating Trends Listed by Persistence Market Research

  • Electronics conformal coatings protect circuit boards from moisture, salt, chemicals, and temperature extremes, preventing corrosion, mold growth, and electrical failures.
  • This enables designers to meet the demands of miniaturization and reliability by enabling high voltage gradients and clos track spacing.
  • There were around 5.1 billion smartphone users in the world, and it is projected that the number of smartphone users in the world will expand to around 7.7 billion by 2027.
  • With the rise in demand for smartphones across the world, the demand for electronics conformal coating is projected to expand during the assessment period.
  • There is also a significant rise in electronics conformal coatings in the automotive sector.
  • Electronics conformal coatings find use in protecting the electronic wiring and circuitry within cars from extreme environments and corrosion. This provides for high demand in electronics conformal coating distribution by automotive businesses.
  • With the rise in the number of cars produced and sold around the world, the demand for electronics conformal coating is projected to increase. This is the reason for the forecasted expansion of the market.
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Which Region is Projected to Offer Significant Opportunity to Electronics Conformal Coating Manufacturers?

Asia Pacific market size was estimated at US$ 459 million in 2021 and held a market size of US$ 488 million in 2022. In 2032, Asia Pacific is projected to have a market worth of US$ 800 million. Historical CAGR for the region between 2017 and 2021 was reported as 40%. The forecasted CAGR till 2032 is expected to be 47.4%.

Asia Pacific is considered to be the global manufacturer and distributor of automobiles and consumer electronics. The demand for electric components such as printed circuit boards is projected to expand during the assessment period. This will lead to a rise in the demand for various commodities such as automobiles and consumer electronics.

Around 34 million automobiles were sold in Asia Pacific in 2021. These automobiles’ printed circuit boards (PCB) need a conformal coating for protection, and this has spurred the demand for electronics conformal coating.

As these commodities utilize sensitive electronic components, the market is expected to withstand growth conditions and the demand for electronics conformal coating is projected to expand.

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Country-wise Insights:

Why is the Demand for Electronics Conformal Coating Expanding in the United States?

The electronics conformal coating industry in the United States is expected to grow to be worth US$ 273.5 million with an absolute $ opportunity of US$ 87.3 million by 2032. The target market share in the United States has grown at a CAGR of 2.9% from 2017 to 2021. It is further expected to grow at a CAGR of 3.9% from 2022 to 2032.

A significant share of this market is held by the automotive sector. In 2020, there were around 8.8 million cars produced in the United States, which rose to around 9.1 million in 2021. This rise of automotive production in the country will expand the demand for electronics conformal coatings in the United States.

Consumer electronics is another prime industry that influences this market. The United States has become home to many next-generation technologies that are primarily based on an electronic foundation. With increasing demand, there is a high requirement for conformal coating.

Would the United Kingdom Exhibit High Sales for Electronics Conformal Coatings?

The United Kingdom market is expected to grow to be worth US$ 46.5 million with an absolute $ growth of US$ 13.6 million till 2032. Demand in the market has grew at a CAGR of 1.6% from 2017 to 2021 and is expected to grow at a CAGR of 3.5% through 2032.

Electronic conformal coating is widely used to protect the electronic components within mobile phones. Manufacturers have high demand for conformal coatings to prevent consumer electronic products from corrosion and to increase the operational life of the components.

With rise in the demand for smartphones in the United Kingdom, the demand for electronic conformal coating is projected to expand. This would augment the market in the country.

Will China Become the Next Largest Manufacturer of Electronics Conformal Coating?

China market is expected to grow to be worth US$ 416.6 million with an absolute $ growth of US$ 194.4 million till 2032. As a serial manufacturer of the electronics conformal coating, China has grown at a CAGR of 8.0% from 2017 to 2021 and is expected to steadily grow at a CAGR of 6.5% from 2022 to 2032.

China is one of the dominant car manufacturers in the world, producing around 25 million cars in the year 2020. The number of cars produced in the country rose to around 27 million in the year 2022.

With car production, manufacturers also ensure to provide increased shelf life and safety of consumer against electric failures.

Category-wise Insights

Which Type of Electronics Conformal Coating will Gain Traction?

The electronic conformal coating using acrylic is projected to witness significant growth as it has grown at a CAGR of 5.8% from 2017 to 2021. It is expected to keep growing at a CAGR of 5.0% from 2022 to 2032.

The electronics industry frequently uses acrylic conformal coating. This type of protective coating is to protect printed circuit board and electronic components from harmful environmental elements like moisture, dust, and chemicals.

Acrylic conformal coatings are primarily known for their outstanding adhesion qualities and simplicity of use. They can be applied in many ways, such as by brushing, dipping, and spraying. They are also highly dielectric and quick to dry, making them suitable for usage in high-voltage applications.

Acrylic coating is cheaper when compared to other types of conformal coating. It is also easy to repair, which can be beneficial in case of any manufacturing defects or changes in design.

As conformal coating is used in a variety of industries such as automotive, and consumer electronics, this segment is projected to expand significantly during the assessment period.

Which is the Leading Industry for Electronics Conformal Coating?

The industrial and telecommunication sector using electronics conformal coating is projected to witness prominent growth as it has grown at a CAGR of 5.6% from 2017 to 2021 and is expected to grow at a CAGR of 4.9 % from 2022 to 2032.

Globally, the telecommunication industry has been expanding in the historical research period. The industry has been innovating in its niche services for decades by providing better cell network.

As the world has adapted to remote work and connectivity culture, there is a high demand for telecommunication products and services. This has led to a rise in manufacturing of associated products with a dire necessity for conformal coatings. This is to add a safeguarding feature to the product.

Conformal coating is significantly beneficial in equipment such as routers, switches, and antennas as it protects against moisture dust and other external factors that could affect or damage the equipment.

Competitive Landscape:

Key players are investing heavily in research and development for new and better products with accurate results. The companies are also focusing on product launches and expansions to augment their market positions.

For instance,

  • In October 2021, Electrolube announced the launch of UVCLX UV Cure coating xtra, a bio-conformal coating that provides protection to electronic circuitry against harsh environments. It also provides protection against moisture, salt, and thermal shock.
  • In February 2020, Dow announced the launch of DOWSIL CC-8030 UV and moisture dual core conformal coating. This new electronic conformal coating is an environment friendly solution for protecting rigid printed circuit boards, sensitive electronic components, and designs with a high pitch from Air contaminants.

Scope of the Report:

Attribute Details

Estimated Market Size (2022)

US$ 1.0 billion

Projected Market Valuation (2032)

US$ 1.7 billion

Value-based CAGR (2022 to 2032)

5.1%

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2021

Market Analysis

Value (US$ billion)

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Key Countries Covered

  • USA
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Japan
  • China
  • Singapore
  • Malaysia
  • Sri Lanka
  • Kingdom of Saudi Arabia
  • United Arab Emirates
  • South Korea
  • Finland
  • Hungary
  • Rest of the World

Key Segments Covered

  • Type
  • Operation Method
  • Technology
  • Application
  • Industry Vertical
  • Region

Key Companies Profiled

  • Dow
  • Henkel
  • Chase Corporation
  • H.B. Fuller
  • Electrolube Limited
  • Nordson Corp
  • Precision Valve & Automation
  • Dymax Corp
  • Chemtronics
  • Peters Group

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Electronics Conformal Coating Market Segmentation

By Type:

  • Acrylic
  • Polyurethane
  • Hybrid
  • Silicone
  • Epoxy

By Operating Method:

  • Manual & Automated Spraying
  • Brushing
  • Dipping

By Technology:

  • Solvent Based
  • Water Based
  • UV Cured

By Application:

  • Appearance
  • Moisture And Insulation Resistance
  • UV Fluorescence
  • Flammability
  • Thermal shock
  • Adhesive

By Industry Vertical:

  • Consumer Electronics
  • Automotive
  • Aerospace & Defense
  • Industrial and Telecommunication
  • Marine
  • Medical

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Dow
  • Henkel
  • Chase Corporation
  • H.B. Fuller
  • Electrolube Limited
  • Chase Corp
  • Nordson Corp
  • Precision Valve & Automation
  • Dymax Corp
  • Chemtronics
  • Peters Group

- Frequently Asked Questions -

The global electronics conformal coating market is estimated to be US$ 1 billion in 2022.

The valuation of the electronics conformal coating in 2032 will be US$ 1.7 billion.

Growth of the electronics conformal coating market over the last 4 years is 5.9%.

The projected CAGR for electronics conformal coating market is 5.1%.

The electronics conformal coating for industrial and telecommunications applications will garner a significant value share by 2032.

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