According to the latest market research report by Technavio, the global conformal coating on electronics market is anticipated to grow at a CAGR of close to 6% during the period 2017 to 2021.
This market study by Technavio provides a detailed breakdown of the global conformal coating on electronics market regarding revenue and developing market trends. The industry report also includes a current analysis and predictions for various market sections and all geographical regions.
Technavio research analysts classify the market based on the product type
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The top three revenue contributing product sectors are discussed below:
Global acrylic market: The extensive use of acrylic coating for PCBs, light-emitting diode (LED) boards, cell phones, computer, and tablet components will drive the growth in the conformal coating on electronics market. These paints are solvent-based, easily applicable, tough, transparent, easily repaired, and removed by using specifically designed stripping chemistries. The properties of these coatings include drying quickly and adhering to a wide variety of substrates, which, in turn, makes it the most common type of coating in the global market.
“Acrylic coating are low-cost products, have poor chemical resistance, and can fully or partially dissolve in common solvents. Furthermore, these paints offer a superior barrier to both humidity and moisture, protecting the components from harsh environmental conditions such as dirt, dust, moisture, and thermal shock,” says Ajay Adhikari, a lead analyst at Technavio for research on paints, coatings, and pigments.
Global silicone market: The increasing use of silicone coating in the automotive sector will fuel the growth of this market segment. These coatings provide superior protection against moisture, dust, and dirt and possess excellent dielectric strength, flexibility, and resistance to thermal shock. The benefits of using silicone coating include low modulus that reduces stress on delicate electrical parts, resistance to high humidity, protection against a wide range of temperatures, ultraviolet (UV) resistance, and adhesion to many substances used in the electronic items.
Global urethane market: The primary application of urethane products are in extremely corrosive environments as it offers good low-temperature flexibility. These coatings provide excellent resistance against humidity and chemicals and extend the lifespan of the device. Moreover, urethane coatings are hard, rigid, tough, and provide excellent resistance to solvents, which increases its application in various industries across the world.
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The key players operating in the global conformal coating on electronics market are:
- Chase
- Dow Corning
- Henkel
- Plasma Ruggedized Solutions
- VSI Parylene
A meticulous analysis is accessible in the Technavio report titled, ‘Global Conformal Coating in Electronics Market 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
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