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Conformal Coating Market Share, Segmentation, Outlook and
Forecasts to 2024 | Hexa Research
“ The global conformal coating market is estimated to attain close to USD 16
billion by 2024.”
2 January 2019
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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