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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.
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