컨포멀 코팅 시장 예측(-2030년) : 부문별 분석

According to Stratistics MRC, the Global Conformal Coatings Market is accounted for $1.52 billion in 2023 and is expected to reach $2.31 billion by 2030 growing at a CAGR of 6.3% during the forecast period. Conformal coatings are thin protective films applied to electronic circuit boards to safeguard against environmental factors like moisture, dust, chemicals, and temperature extremes. These coatings adhere to the contours of components, providing a barrier that prevents corrosion, electrical short circuits, and other damage. Conformal coatings ensure comprehensive protection without compromising the functionality of the electronic devices.

According to JEITA (Japan Electronics and Information Technology Industries Association), the total global production by the electronics and IT industries registered a rise of 11% year on year in 2021 to reach USD 3,360.2 billion.

Market Dynamics:

Driver:

Increasing demand for consumer & automotive electronics

As consumers increasingly rely on electronic devices for communication, entertainment, and productivity, manufacturers are compelled to ensure the reliability and longevity of these products. Similarly, the growing integration of electronic components in automobiles, including advanced driver-assistance systems (ADAS) and infotainment systems, necessitates effective protection against environmental factors. Consequently, the demand for conformal coatings rises, driven by the need to enhance the durability and performance of electronic assemblies in both consumer and automotive sectors.

Restraint:

Lack of standardization

The lack of standardization in conformal coatings arises due to variations in testing methods, performance specifications, and regulatory requirements across different industries and regions. This absence of uniform standards makes it challenging for manufacturers to assess formulations accurately. Consequently, it hampers the market by leading to inconsistencies in product quality, hindering interoperability between different coatings, and increasing the complexity for end-users in selecting appropriate coatings for their specific applications.

Opportunity:

Expansion of the medical device sector

With increasing demand for advanced medical equipment such as diagnostic devices, monitoring systems, and implantable devices, there arises a need for reliable and durable electronic components. Conformal coatings play a crucial role in protecting these sensitive electronics from environmental factors like moisture, chemicals, and temperature fluctuations, ensuring their reliability and longevity. As the medical device industry continues to grow, the demand for conformal coatings is expected to rise correspondingly, driving market expansion.

Threat:

Volatility in raw material prices

Volatility in raw material prices for conformal coatings arises due to factors like fluctuations in global supply and demand, geopolitical tensions affecting trade routes, and unforeseen events impacting production. Moreover, sudden price spikes may force manufacturers to pass on the increased costs to consumers, potentially leading to decreased demand and market instability. This volatility can hamper the market by increasing manufacturing costs, reducing profit margins, and making pricing unpredictable for consumers.

Covid-19 Impact

The covid-19 pandemic has had a mixed impact on the conformal coatings market. While disruptions in supply chains and manufacturing activities initially slowed down the market, increased demand for electronic devices due to remote work, online learning, and healthcare requirements subsequently drove growth. The need for reliable electronics in medical devices, telecommunications, and other critical sectors contributed to sustained demand for conformal coatings. Additionally, heightened awareness of hygiene and sanitation has led to an increased focus on protecting electronic components from environmental factors, further bolstering the market.

The chemical protection segment is expected to be the largest during the forecast period

The chemical protection segment is estimated to have a lucrative growth. Conformal coatings provide essential chemical protection by forming a protective layer over electronic components, typically applied in thin films. This coating serves to safeguard against environmental hazards such as moisture, dust, chemicals, and temperature fluctuations, which can compromise electronic functionality. These coatings provide reliable performance in harsh environments which is critical for the longevity and functionality of electronic equipment.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is anticipated to witness the highest CAGR growth during the forecast period. Conformal coatings play a crucial role in electronics applications by providing protective layers over printed circuit boards (PCBs) and electronic components. These coatings shield against moisture, dust, chemicals, and temperature variations, safeguarding the integrity and reliability of sensitive electronics. These coatings enhance product durability, prolong operational lifespan, and maintain functionality in diverse and often challenging environmental conditions.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. With burgeoning electronics manufacturing industries in countries like China, Japan, South Korea, and Taiwan, there's a substantial demand for protective solutions to ensure the reliability and longevity of electronic components. Factors such as increasing consumer electronics adoption, growing automotive production, and expanding aerospace and defense sectors further drive the demand for conformal coatings.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. The region's advanced electronics industry, particularly in the United States, Canada, and Mexico, demands high-quality protective solutions to ensure product reliability. Additionally, the presence of key players, research and development initiatives, and increasing investments in infrastructure further bolster the North American conformal coatings market, making it a vital and competitive segment in the global landscape.

Key players in the market

Some of the key players profiled in the Conformal Coatings Market include Henkel AG & Co. KGaA, ADATA, Chase Corporation, Dow Chemical Company, MG Chemicals, H.B. Fuller, Shin-Etsu Chemical Limited, Dymax Corporation, Kisco Conformal Coatings LLC, Chemtronics, Aalpha Conformal Coatings, HumiSeal, Europlasma NV, Specialty Coating Systems Inc. and Electrolube.

Key Developments:

In September 2023, ADATA, the world's leading brand for industrial-grade embedded storage, announced that it will provide custom conformal coating services for all product lines. ADATA's selects polydimethylsiloxane formulations with superior quick-drying and moisture-proof properties and uses faster, more accurate automated equipment to produce protective coatings.

In May 2022, HumiSeal, a leading conformal coatings manufacturer, has launched a brand-new product designed to specifically address the reduction of bubbles being experienced by some users of conformal coatings. HumiSeal 1B73/730EU is a single component, fast drying, acrylic conformal coating intended for use on printed circuit assemblies.

Types Covered:

• Acrylic
• Silicone
• Polyurethane
• Epoxy
• Parylene
• Other Types

Functionalities Covered:

• Moisture Protection
• Chemical Protection
• Temperature Protection
• Mechanical Protection
• Dielectric Properties
• Other Functionalities

Applications Covered:

• Dip Coating
• Spray Coating
• Brush Coating
• Selective Coating
• Automated Coating
• Other Applications

End Users Covered:

• Electronics
• Automotive
• Aerospace & Defense
• Healthcare
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Conformal Coatings Market, By Type

• 5.1 Introduction
• 5.2 Acrylic
• 5.3 Silicone
• 5.4 Polyurethane
• 5.5 Epoxy
• 5.6 Parylene
• 5.7 Other Types

6 Global Conformal Coatings Market, By Functionality

• 6.1 Introduction
• 6.2 Moisture Protection
• 6.3 Chemical Protection
• 6.4 Temperature Protection
• 6.5 Mechanical Protection
• 6.6 Dielectric Properties
• 6.7 Other Functionalities

7 Global Conformal Coatings Market, By Application

• 7.1 Introduction
• 7.2 Dip Coating
• 7.3 Spray Coating
• 7.4 Brush Coating
• 7.5 Selective Coating
• 7.6 Automated Coating
• 7.7 Other Applications

8 Global Conformal Coatings Market, By End User

• 8.1 Introduction
• 8.2 Electronics
• 8.3 Automotive
• 8.4 Aerospace & Defense
• 8.5 Healthcare
• 8.6 Other End Users

9 Global Conformal Coatings Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Henkel AG & Co. KGaA
• 11.2 ADATA
• 11.3 Chase Corporation
• 11.4 Dow Chemical Company
• 11.5 MG Chemicals
• 11.6 H.B. Fuller
• 11.7 Shin-Etsu Chemical Limited
• 11.8 Dymax Corporation
• 11.9 Kisco Conformal Coatings LLC
• 11.10 Chemtronics
• 11.11 Aalpha Conformal Coatings
• 11.12 HumiSeal
• 11.13 Europlasma NV
• 11.14 Specialty Coating Systems Inc.
• 11.15 Electrolube