Conformal Coatings Market Product Category, Sales, Share
Outlook by 2013-2024
“Conformal Coatings Market size is expected to value at USD 15.73 Billion by
2024, during the forecast period. The market is subject to witness a
substantial growth due to the rising demand for end-user products from
customer-oriented electronics market segment.”
The global Conformal Coatings Market size is expected to value at USD 15.73 Billion by 2024, during the forecast
period. The market is subject to witness a substantial growth due to the rising demand for end-user products
from customer-oriented electronics market segment. The conformal coating is implemented in electronic
industries to safeguard printed circuit boards and panels from external environmental factors such as dust,
moisture, heat, varying temperatures, environmental noise and other form of environmental factors. Growing
competition in the conformal coating industry with substantial presence of medium-sized manufactures, large-
scale production houses and suppliers are positively impacting the industry. Globally, the conformal coatings
market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunity for market
players to invest for research and development of the market.
Growth of electronic and electrical sector mainly in the developing economies across the globe is pertaining to
the progress of the market. Conformal coatings offer numerous advantages in comparison with their
counterparts such as assurance on better corrosion and dielectric resistance. Such advantages are playing a key
role in rising demand of the conformal coating market in the electronic industry. Most common form of
materials used for conformal coating is acrylic coating. The acrylic coating market segment is predicted to hold
major share of the material-based segment of the market in upcoming years. Acrylic conformal coatings are
simple to apply and rework in case of emergency. They are fairly low priced compared to other types of the
conformal coating with high abrasion and dielectric coefficient.
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