Conformal Coating Market Analysis , Share , Size , Industry Trends and Forecast to 2024 | Hexa Research
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Conformal Coating Market Analysis , Share , Size , Industry Trends and Forecast to 2024 | Hexa Research
" The global Conformal Coating Market is estimated to reach nearly USD 16 billion by 2024 . It stood at USD 9.7 billion in 2015 ."
The global conformal coating market is estimated to attain close to USD 16 billion by 2024 . It stood at USD 9.7 billion in 2015 . Industries , such as automotives and consumer electronics can propel this market from 2016 to 2024 ( forecast period ).
Conformal coatings are thin polymeric films which protect electronic components against chemicals and various other environmental effects . But these are used primarily on printed circuit boards ( PCBs ). Brush coating , spray application coating , and conformal coating dipping are the various ways in which these coatings are used . Selecting the right material for conformal coating can ensure the reliability of circuit boards in the long run .
Customization is the latest trend in the global industry . Companies these days develop 8-10 different versions of a particular coating material to meet the demands of various industries . However , fluctuating prices of raw materials may negatively influence market growth . Concerns regarding volatile organic compound ( VOC ) content in conformal coatings can also hamper worldwide demand . Most industry players focus on novel technologies to simplify the application procedure . They invest robustly in this area to reap long term benefits . Technologies such as ultrasonic coatings , selective coatings , and selective needle dispensing may catapult market demand over the forecast period .
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