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    Conformal Coatings Market | Covid-19 Impact Analysis

    Conformal Coatings Market | Covid-19 Impact Analysis

    Conformal Coatings Market | Covid-19 Impact Analysis
    Report code - SRAM351 Delivery - 2 Weeks
    Conformal Coating Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Conformal Coatings Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Conformal Coatings Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Conformal Coating Market Insights

    Conformal Coating market is likely to witness a CAGR of 5.5% during the forecast period. The prime factor that is driving the conformal coating market is its growing demand from the global PCB industry.

    Conformal Coating Market - Snapshot

    Growth

    5.5% for the next five years

    Major Type

    Acrylic Coating

    Dominant End-Use Industry Type

    Consumer Electronics

    Region with the highest demand

    North America

    Key Players

    Henkel AG & Company, KGaA, Illinois Tool Work, Shin-Etsu Chemical Co., Ltd., The Dow Chemical Company, H.B. Fuller Company, Chase Corporation, Electrolube Limited, Dymax Corporation, MG Chemical, and Specialty Coating System.

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    Market Share Analysis

    Conformal Coating Market Share: By Type

    Based on the type, the market is segmented as acrylic, silicone, epoxy, urethane, parylene, and others. Acrylic coating dominated the market in 2019, and is expected to maintain its position during the forecast period. Acrylic coatings are widely used in consumer electronics, aerospace & defense, and automotive industries, leading to its dominance in the global conformal coatings market.

    Conformal Coating Market Share: By End-Use Industry Type

    Based on the end-use industry type, the conformal coating market is segmented as consumer electronics, automotive, aerospace & defense, industrial, telecommunication, and others. The consumer electronics segment held the largest share of the market in 2019, and is also expected to witness a healthy growth during the forecast period. Significant economic development in the emerging economies along with the growing disposable income of consumer is the major factor behind the dominance of the consumer electronics segment.

    Conformal Coating Market Share: By Region

    In terms of regions, North America is expected to remain the largest market during the forecast period, mainly driven by the USA. Asia-Pacific is estimated to be the fastest-growing market for conformal coatings during the forecast period. China, Japan, South Korea, Taiwan, and India are the key countries driving the growth of the region’s market. Significant economic development in the region is paving the path of transportation, electricals & electronics, medical, and industrial sectors, leading to a higher demand for conformal coating in the region.

    Some of the major suppliers of conformal coatings are-

    • Henkel AG & Company
    • KGaA
    • Illinois Tool Work
    • Shin-Etsu Chemical Co., Ltd.
    • The Dow Chemical Company
    • H.B. Fuller Company
    • Chase Corporation
    • Electrolube Limited
    • Dymax Corporation
    • MG Chemical
    • Specialty Coating System

     

    Market Scope & Segmentation

    Conformal coating is type of protective coating which is applied to PCBs and other electronic components to protect them from harsh operating environments such as dust, solvents, moisture, humidity, and high temperature. It usually has a thickness of 25-75µm. Conformal coatings can be categorized on the basis of type into acrylic, silicone, epoxy, urethane, parylene, and others. They are widely used in industries such as consumer electronics, automotive, aerospace & defense, industrial, telecommunications, and others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Conformal Coating Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The conformal coating market is segmented into the following categories. 

    Conformal Coating Market Size, Share, & Forecast, by Type:

    • Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Urethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Parylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Conformal Coating Market Size, Share, & Forecast, by End-Use Industry Type:

    • Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Conformal Coating Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-use industry type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Conformal Coating Market in the foreseeable future?

    The conformal coating market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.

    Which country/region is expected to remain the largest Conformal Coating Market?

    North America is expected to remain the largest market for conformal coating during the next five years.

    Who are the key players in the Conformal Coating Market?

    Henkel AG & Company, KGaA, Illinois Tool Work, Shin-Etsu Chemical Co., Ltd., The Dow Chemical Company, H.B. Fuller Company, Chase Corporation, Electrolube Limited, Dymax Corporation, MG Chemical, and Specialty Coating System are among the key players in the conformal coating market.

    Which type is expected to remain dominant in the market?

    The acrylic coating is expected to remain dominant in the conformal coating market in the coming years.

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