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Conformal Coatings Market will Reach Revenues Worth US$ 15 Billion by 2031

Conformal Coatings Market

The market for conformal coatings for printed circuit boards was estimated at US$ 11 billion in 2020, according to Fact.latest MR’s industry report, and is predicted to grow at a CAGR of 4% to reach US$ 15 billion by 2031. From 2021 to 2031, demand for acrylic conformal coatings for PCBs is expected to grow at a CAGR of 3.5 percent.

Conformal coatings are chemical coatings that protect electronic circuit boards from moisture, salt, and other impurities in hostile conditions. Conformal coatings protect the electronic assembly from voltage arcing, shorts, and static discharge by preventing voltage arcing, shorts, and static discharge. Acrylic, silicone, polyurethane, epoxy, parylene, and other materials are commonly used in conformal coatings for safeguarding printed circuit boards (PCBs).

Key Segments in Conformal Coatings for PCBs Industry Research

  • Product

    • Polyurethane Conformal Coatings for PCBs
    • Acrylics Conformal Coatings for PCBs
    • Silicone Conformal Coatings for PCBs
    • Parylene Conformal Coatings for PCBs
    • Epoxy Conformal Coatings for PCBs
    • Fluoropolymer Conformal Coatings for PCBs
  • Operation Method

    • Spray Coating
    • Dip Coating
    • Brush Coating
    • CVD
  • Technology

    • Solvent-based Conformal Coatings for PCBs
    • Water-based Conformal Coatings for PCBs
    • UV-cured Conformal Coatings for PCBs
    • LED-curable Conformal Coatings for PCB
  • End Use

    • Consumer Electronics
    • Medical
    • Marine
    • Defense
    • Automotive
    • Industrial Machinery & Equipment
    • Aerospace

Competitive Environment
Increasing technical breakthroughs are defining the acrylic conformal coatings for PCBs market in Canada and the silicone conformal coatings for PCBs market in Germany, among other markets. Conformal coating companies are primarily focused on finding technological solutions for conformal coating.

The Dow Chemical Firm, a chemical manufacturing company, introduced the DOWSIL CC-8030 UV and Moisture Dual Cure Conformal Coating at IPC APEX EXPO in February 2020, the company’s first solvent-free silicone conformal coating with a dual-cure UV and moisture device for optimal efficiency. The new environmentally friendly silicone technology offers sustainability, health, and safety while cutting processing costs through automated spraying and speedy energy-efficient UV curing.

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