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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 , medical , 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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