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The global conformal coating market is segmented on the basis of products, end-users, and regions. Based on
products, the segments are parylene, urethane, silicone, epoxy, acrylic, and others. ‘Others’ consists of UV cure
coatings. Acrylic conformal coatings accounted for over 40% shares in global revenues in 2015. Superior surface
adhesion rate & moisture resistance exhibited by these coatings can fuel its demand over the next eight years.
Silicone coatings are projected to display a CAGR below 6% in the forthcoming years. This segment is propelled
by demand from manufacturing & industrial sectors.
End-users in the global conformal coating market are industrial, marine, consumer electronics, m edical,
automotive & transportation, aerospace & defense, and others. ‘Others’ includes military and
telecommunications. Consumer electronics accounted for over 40% of overall market demand in 2015. Robust
demand for computers, laptops, smartphones, and other household electronics is expected to positively impact
the industry.
The automotive & transportation segment could expand at a CAGR above 4% during the forecast period. It uses
conformal coatings to protect circuits from salt spray, brake fluid, and gasoline vapor in automobiles. They are
also used extensively in passenger compartment systems and under the hood systems.
On the basis of regions, the global conformal coating market is divided into North America, South America,
Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). With a revenue share exceeding 55%, APAC led
the worldwide industry in 2015. China is the most lucrative region in APAC because of low raw material & labor
costs. High disposable incomes and lifestyle changes in APAC could boost industries, such as consumer
electronics, aerospace, and medical. Such a trend may support the global market growth in the years ahead.
Key competitors operating in the global Conformal Coating Market are H. B. Fuller, Henkel AG & Co. KGaA,
Dymax Corporation, and Chase Corporation. As a means to reduce transportation costs, most of these players
procure raw materials directly from their local suppliers. Common market expansion strategies adopted by
companies are product innovation and strategic business ventures. Dymax Corporation has launched a new
conformal coating for PCBs and other electronic components. The product named ‘Multi -Cure 9-20557’ has
been developed to stick on difficult-to-wet components made from silver or copper.
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