세계의 컨포멀 코팅 시장 규모, 점유율·성장 분석(유형별, 최종 용도별, 지역별) : 산업 예측(2024-2031년)

Global Conformal Coatings Market size was valued at USD 1.25 billion in 2022 and is poised to grow from USD 1.32 billion in 2023 to USD 1.97 billion by 2031, growing at a CAGR of 5.20% during the forecast period (2024-2031).

The conformal coatings market is experiencing significant growth, driven by the surging demand for electronics, advancements in coating technologies, and the necessity for reliable protection against environmental factors. The increasing production of electronic devices and the trend toward smaller, more complex components underscore the need for durable solutions, with conformal coatings providing essential protection against corrosion, dust, and contaminants, thereby enhancing device longevity. Additionally, rising environmental regulations and a heightened focus on sustainability are fostering the demand for low-VOC and eco-friendly coatings, allowing manufacturers to reduce their environmental impact while adhering to stringent standards. As such, the US conformal coatings market is set to witness a sustainable CAGR growth in the upcoming years, reflecting these evolving industry dynamics.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Conformal Coatings market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Conformal Coatings Market Segmental Analysis

Global Conformal Coatings Market is segmented by Type, End-Use and region. Based on Type, the market is segmented into Acrylic, Epoxy, Silicone, Urethane, Parylene, and Others. Based on End-Use, the market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Telecommunication, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Conformal Coatings Market

One of the primary catalysts for the Global Conformal Coatings Market is the surging demand for these coatings in high-end applications, particularly within the aerospace and defense sectors. Conformal coatings are essential for critical systems and controls found in space shuttles, aircraft communication, satellite systems, and robotic cable assemblies, where reliability is crucial due to the extreme environments they encounter. Aerospace electronics often feature compact components designed to reduce weight while boosting performance, necessitating rigorous testing to confirm their operational reliability under specific standards like RTCA-DO-160 and MIL-STD-810. Similarly, in the automotive industry, conformal coatings protect PCB components from high temperatures, moisture, and chemical exposure, which is vital for advanced technologies like automatic driver assistance systems (ADAS) in luxury vehicles. Consequently, the escalating needs for reliability and durability in these demanding applications are significantly propelling the conformal coatings market.

Restraints in the Global Conformal Coatings Market

The Global Conformal Coatings market faces significant restraints due to the trend of PCB miniaturization driven by the demand for compact and lightweight electronics. As the PCB industry evolves to produce smaller printed circuit boards, this has resulted in reduced material use, spatial efficiency, and minimized recycling demands. One notable advancement is High-Density Interconnect (HDI) technology, which facilitates increased interconnections within less space, enabling manufacturers to position components more closely while maintaining functionality. This shift towards smaller PCBs has consequently led to a decline in the volume of conformal coatings applied, necessitating that manufacturers adjust to these changing practices in order to meet new industry demands.

Market Trends of the Global Conformal Coatings Market

The Global Conformal Coatings Market is witnessing a significant upward trend driven primarily by the booming consumer electronics sector. This industry, encompassing a diverse array of devices from smartphones to smart home appliances, increasingly relies on conformal coatings to protect sensitive components like semiconductors and printed circuit boards (PCBs) from environmental damage. The rise in telework and remote activities has spurred demand for reliable electronic devices, prompting manufacturers to invest heavily in advanced coating solutions. Additionally, the surge in digital transformation initiatives and improved data utilization strategies is catalyzing a notable increase in the use of polycarbonates and other advanced materials in electronic applications, further propelling market growth.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Supply Chain Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies

Global Conformal Coatings Size by Type & CAGR (2024-2031)

• Market Overview
• Acrylic
• Epoxy
• Silicone
• Urethane
• Parylene
• Others

Global Conformal Coatings Size by End Use & CAGR (2024-2031)

• Market Overview
• Consumer Electronics
• Aerospace & Defense
• Automotive
• Industrial
• Telecommunication
• Others

Global Conformal Coatings Market Size & CAGR (2024-2031)

• North America, (Type, End Use)
  • US
  • Canada
• Europe, (Type, End Use)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, End Use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, End Use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, End Use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Henkel AG & Co. KGaA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Illinois Tool Works (ITW)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shin-Etsu Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• H.B. Fuller Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chase Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MG Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dymax Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chemtronics
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HumiSeal
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kisco Conformal Coatings LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Electrolube (MacDermid Alpha)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Specialty Coating Systems (SCS)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Peters Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CSL Silicones
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Paratronix
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Permabond Engineering Adhesives
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Camsonic Coatings
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Volta Belting Technology
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation