Global Markets for Conformal Coatings in Electronics

The scope of the report includes a detailed study of global and regional markets for various types of conformal coatings and coating equipment and the reasons for variations in industry growth by region. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the regions and end uses. Furthermore, the ongoing market trends, market growth drivers, and challenges impeding the market are discussed.

Market size and estimations will be provided in terms of volume and revenue considering 2021 as the base year. Market forecasts will be given from 2022-2027. The market size for different regions (material type by region, applications, and end use) will also be covered. The impact of COVID-19 was also considered when deriving market estimations.

Global markets, conformal coatings, coating equipment segments, and growth forecasts through 2027 are offered. Sales value estimates are based on prices in the supply chain. Market-driving forces and industry structure are examined. International aspects are analyzed for all global regions and profiles of major global manufacturers are presented.

This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industries around the world was severely affected by the pandemic. The COVID-19 pandemic halted progress in every regional economy. Various governments around the world are taking measures to contain the economic slowdown.

Report Includes

45 data tables and 37 additional tables
A brief general outlook and up-to-date analysis of the global markets for conformal coatings and coating equipment in electronics industry applications
Analyses of the global market trends, with market revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
Estimation of the actual market size in value and volumetric terms, revenue forecast in USD millions, and corresponding market share analysis by material type, technology, application, and region
In-depth assessment of the market drivers and opportunities for conformal coating materials, equipment and spares, key shifts and regulations, industry specific challenges, and other macroeconomic factors influencing the market demand in the coming years (2022-2027)
A look at the increased demand for conformal coatings driven by customers’ expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties
Coverage of new technologies, R&D progress, market forecast and recent activities in the paints and coatings industry
Updated information on key mergers, acquisitions and other business relations in the global market for conformal coatings and coating equipment in electronics industry applications
Company profiles of major players within the industry, including Daikin Industries, Dow Inc., Henkel AG & Co. KGaA, and Shin-Etsu Chemical Co., Ltd.

Chapter 1 Introduction

1.1 Overview
1.2 Study Goals and Objectives
1.3 Reasons for Doing this Study
1.4 What’s New in this Report?
1.5 Scope of this Report
1.6 Information Sources
1.7 Methodology
1.8 Intended Audience
1.9 Geographic Breakdown
1.10 Analyst’S Credentials
1.11 Custom Research
1.12 Related Research Reports

Chapter 2 Summary and Highlights

2.1 Overview of the Conformal Coatings Industry

Chapter 3 Market Trends

3.1 Background
3.2 Types of Conformal Coatings
3.2.1 Acrylic Resins (Ar)
3.2.2 Silicone Resins (Sr)
3.2.3 Urethane (Polyurethane) Resins (Ur)
3.2.4 Epoxy Conformal Coatings
3.2.5 Parylene Conformal Coatings
3.2.6 Thin Film/Nano Coatings
3.3 Benefits of Conformal Coatings
3.4 History of Conformal Coatings
3.5 History of Parylene Coatings
3.6 History of Atomic Layer Deposition
3.7 Megatrends
3.8 Growth Drivers
3.8.1 Expanding Electronics Devices Market
3.8.2 Semiconductor Industry
3.8.3 Aerospace and Defense
3.8.4 Automotive Industry
3.9 Restraints
3.9.1 Miniaturization Trends Affecting Conformal Coatings Demand
3.9.2 High Cost of Materials and Labor
3.10 Market Opportunities
3.10.1 Growth in Nano-Electronic Devices
3.10.2 Widespread Adoption of 5G
3.11 Pricing Analysis
3.11.1 Type Ar
3.11.2 Type Ur
3.11.3 Type Sr
3.11.4 Type Er
3.11.5 Type Xy

Chapter 4 Conformal Coating Materials and Technologies

4.1 Conformal Coating Selection Criteria
4.2 Types of Conformal Coatings
4.2.1 Polymeric Coatings
4.2.2 Inorganic Hard Coatings
4.2.3 Other Types of Conformal Coatings
4.3 Processes Involved in Conformal Coatings
4.3.1 Cleaning Before Conformal Coating
4.3.2 Masking the Assembly to Be Coated
4.3.3 Conformal Coating of An Electronic Unit
4.3.4 Curing Conformal Coatings
4.3.5 Inspection of Conformal Coated Parts
4.4 Conformal Coating Challenges
4.4.1 Conformal Coating Thickness
4.4.2 Coverage at Points and Edges
4.4.3 Bubbles
4.4.4 De-Wetting
4.4.5 Orange Peel
4.4.6 Fisheyes
4.4.7 Corrosion
4.4.8 Short-Circuiting
4.5 Reliability of Conformal Coatings
4.5.1 Coating as a Reliable Protective Measure
4.6 Equipment Reliability in Coating Operation
4.7 Safety of the Conformal Coating Process
4.8 Environmental Issues in Conformal Coating
4.9 Developments in Conformal Coating Technology
4.9.1 Biofunctional Nanocoatings
4.9.2 Parylene Coating Applications in Medical Devices

Chapter 5 Conformal Coating End-Use Industries

5.1 Overview
5.2 Electronics and Semiconductor
5.3 Automotive
5.4 Aerospace and Military
5.5 Medical Devices
5.6 Other End Uses

Chapter 6 Impact of Covid-19 and the Russia-Ukraine War on the Conformal Coatings Market

6.1 Overview
6.1.1 Aerospace
6.1.2 Defense
6.1.3 Electronics
6.1.4 Medical and Healthcare
6.1.5 Automotive
6.1.6 Impact on the Pcb Market
6.2 Impact of the Russian-Ukrainian War on the Coating Industry

Chapter 7 Laws, Regulations, and Standards Concerning Conformal Coatings

7.1 Overview
7.2 Voc Legislation
7.3 Reach
7.4 Rohs
7.5 Environmental Policies
7.6 Iso Certification
7.7 Other Regulations and Standards
7.7.1 Ipc-Cc-830B / Mil-I-46058C
7.7.2 Def Stan 59/47
7.7.3 Iec 61086
7.7.4 Ipc-Cc-830B
7.7.5 Ul94V0
7.7.6 Ul746E
7.7.7 Osha
7.7.8 Epa
7.7.9 Carb
7.7.10 Eu Solvents Emissions Directive
7.8 Compliance Actions
7.9 Coatings for Medical Electronics

Chapter 8 Market Breakdown by Conformal Coating Material, Equipment, and Spares

8.1 Global Conformal Coating Market
8.2 Global Market for Conformal Coating Materials
8.2.1 Market by Coating Type
8.2.2 Market by Geographical Region

Chapter 9 Market Breakdown by Coating Type

9.1 Acrylic Conformal Coatings
9.2 Silicone Conformal Coatings
9.3 Urethane Conformal Coatings
9.4 Epoxy Conformal Coatings
9.5 Parylene Conformal Coatings
9.6 Dlc Conformal Coatings
9.6.1 Other Types of Conformal Coatings
9.7 Global Market for Conformal Coatings by Coating Type and End Use
9.7.1 Acrylic Conformal Coatings by End Use
9.7.2 Silicone Conformal Coatings by End Use
9.7.3 Urethane Conformal Coating by End Use
9.7.4 Epoxy Conformal Coating by End Use
9.7.5 Parylene Conformal Coating by End Use
9.7.6 Dlc Conformal Coating by End Use
9.7.7 Other Types of Conformal Coating by End Use

Chapter 10 Market Breakdown by Application

10.1 Overview
10.2 Electronics
10.3 Automotive Industry
10.4 Aerospace
10.5 Medical Applications
10.6 Other End Uses

Chapter 11 Market Breakdown by Conformal Coating Equipment and Spares

11.1 Global Market of Conformal Coating Equipment by Type
11.2 Conformal Coating Equipment by Region
11.3 Conformal Coating Equipment by Type and Region
11.3.1 Dip Coating Equipment
11.3.2 Spray Coating Equipment
11.3.3 Selective Coating Equipment
11.3.4 Automatic Coating Equipment
11.3.5 Parylene Coating Equipment
11.3.6 Ald Equipment
11.3.7 Other Types of Coating Equipment
11.4 Spare Parts for Conformal Coating Equipment
11.5 Types of Customer for Conformal Coating Equipment and Spares

Chapter 12 Patent Review

12.1 Patent Analysis

Chapter 13 Competitive Landscape

13.1 Overview
13.2 Manufacturers of Conformal Coating Raw Materials
13.3 Suppliers of Consumables Needed for Conformal Coating Formulation
13.4 Formulators of Conformal Coatings
13.5 Distributors of Various Conformal Coatings
13.6 Manufacturers of Conformal Coating Equipment
13.7 Vapor-Deposition Equipment Suppliers
13.8 Conformal Coating Removal, Rework, and Repair
13.9 Industries Using Conformal Coatings and Related Equipment
13.10 Conformal Coating/Parylene Application Specialists
13.11 Parylene Conformal Coating Companies
13.12 Company Market Share Analysis for Conformal Coatings
13.13 Major Mergers, Acquisitions, and New Product Developments

Chapter 14 Company Profiles

14.1 Conformal Coating Formulators

Altana AG
Chase Corp.
Chemtronics
Cht Germany GmbH
Daikin Industries Ltd.
Dow Inc.
Dymax Corp.
Electrolube
Epoxies, Etc.
Europlasma Nv
Henkel AG & Co. Kgaa
H.B. Fuller Co.
Master Bond Inc.
Mg Chemicals
Momentive Performance Materials Inc.
Plasma Ruggedized Solutions
Panacol-Elosol GmbH
Shin-Etsu Chemical Co. Ltd.
Transene Co. Inc.
Specialty Coating Systems Inc.

14.2 Conformal Coating Equipment Manufacturers

Fluid Research
Glenro Inc.
Nordson Corp.
Precision Valve and Automation
Pyradia Inc.
Ultrasonic Systems Inc.
Vertical Solutions Inc.

14.3 Specialized Conformal Coating Applicators

Jaro Corp.
Vitek Research

14.4 Specialized Parylene Coating Applicators

Advanced Deposition & Coating Technologies Inc.
Curtiss-Wright Surface Technologies

Chapter 15 Appendix: Acronyms

List of Tables

Summary Table A: Global Market for Conformal Coating Materials, Equipment, and Spares, by Type, Through 2027
Summary Table B: Global Market for Conformal Coatings Materials, by Region, Through 2027
Table 1: Global Military Expenditures, Top 10 Countries, 2020
Table 2: Selection Criteria for Choice of Conformal Coating Type
Table 3: Comparison of Polymeric Conformal Material Classes
Table 4: Summary of the Selection of Polymeric Materials
Table 5: Benefits of DLC Coatings
Table 6: Properties of DLC Coatings
Table 7: DLC-Coated Materials
Table 8: Comparison of Liquid Deposition Conformal Coating Systems
Table 9: Comparison of Curing Methods
Table 10: Global Market for Conformal Coating Materials, by End Use, Through 2027
Table 11: Global Market for Conformal Coating Materials in Electronics End Uses, by Region, Through 2027
Table 12: Global Market for Conformal Coating Materials in Automotive End Uses, by Region, Through 2027
Table 13: Global Market for Conformal Coating Materials in Aerospace/Defense End Uses, by Region, Through 2027
Table 14: Global Market for Conformal Coating Materials in Medical End Uses, by Region, Through 2027
Table 15: Global Market for Conformal Coating Materials in Other End Uses, by Region, Through 2027
Table 16: Airbus and Boeing Aircraft Deliveries, Globally, 2016-2020
Table 17: Standards, Specifications, and Regulations for Conformal Coatings
Table 18: Global Market for Conformal Coating Materials, Equipment, and Spares, by Type, Through 2027
Table 19: Global Market for Conformal Coating Materials, by Type, Through 2027
Table 20: Global Market for Conformal Coating Materials, by Region, Through 2027
Table 21: Global Market for Acrylic Conformal Coatings, by Region, Through 2027
Table 22: Global Market for Silicone Conformal Coatings, by Region, Through 2027
Table 23: Global Market for Urethane Conformal Coatings, by Region, Through 2027
Table 24: Global Market for Epoxy Conformal Coatings, by Region, Through 2027
Table 25: Global Market for Parylene Conformal Coatings, by Region, Through 2027
Table 26: Global Market for DLC Conformal Coatings, by Region, Through 2027
Table 27: Global Market for Other Conformal Coatings, by Region, Through 2027
Table 28: Global Market for Acrylic Conformal Coatings, by End Use, Through 2027
Table 29: Global Market for Silicone Conformal Coatings, by End Use, Through 2027
Table 30: Global Market for Urethane Conformal Coatings, by End Use, Through 2027
Table 31: Global Market for Epoxy Conformal Coatings, by End Use, Through 2027
Table 32: Global Market for Parylene Conformal Coatings, by End Use, Through 2027
Table 33: Global Market for DLC Conformal Coatings, by End Use, Through 2027
Table 34: Global Market for Other Conformal Coatings, by End Use, Through 2027
Table 35: Global Market for Conformal Coatings in Electronics, by Application, Through 2027
Table 36: Global Market for Conformal Coatings in Automotive, by Application, Through 2027
Table 37: Global Market for Conformal Coatings in Aerospace, by Application, Through 2027
Table 38: Global Market for Conformal Coatings in Medical Uses, by Application, Through 2027
Table 39: Global Market for Conformal Coatings in Other Applications, Through 2027
Table 40: Global Market for Conformal Coating Equipment, by Type, Through 2027
Table 41: Global Market for Conformal Coating Equipment, by Region, Through 2027
Table 42: Global Market for Dip Coating Equipment, by Region, Through 2027
Table 43: Global Market for Spray Coating Equipment, by Region, Through 2027
Table 44: Global Market for Selective Coating Equipment, by Region, Through 2027
Table 45: Global Market for Automatic Coating Equipment, by Region, Through 2027
Table 46: Global Market for Parylene Coating Equipment, by Region, Through 2027
Table 47: Global Market for ALD Coating Equipment, by Region, Through 2027
Table 48: Global Market for Other Types of Coating Equipment, by Region, Through 2027
Table 49: Global Market for Conformal Coating Spares, by Region, Through 2027
Table 50: Global Market for Conformal Coating Equipment and Spares, by Customer Type, Through 2027
Table 51: Conformal Coatings Patents, 2017-2022
Table 52: Global Conformal Coatings Market Shares, by Leading Suppliers, 2021
Table 53: Strategy Dashboard: Global Conformal Coating Market, 2019-2022
Table 54: ALTANA AG.: Product Portfolio
Table 55: Chase Corp.: Company Financial Highlights, 2019-2021
Table 56: Chase Corp.: Product Portfolio
Table 57: Chemtronics.: Product Portfolio
Table 58: CHT Germany GmbH: Product Portfolio
Table 59: Daikin Industries: Company Financial Highlights, 2020-2022
Table 60: Daikin Industries: Product Portfolio
Table 61: Dow Inc.: Company Financial Highlights, 2019-2021
Table 62: Dow Inc.: Product Portfolio
Table 63: Dymax Corp.: Product Portfolio
Table 64: Electrolube: Product Portfolio
Table 65: Epoxies, Etc.: Product Portfolio
Table 66: Europlasma NV: Product Portfolio
Table 67: Henkel: Company Financial Highlights, 2019-2021
Table 68: Henkel: Product Portfolio
Table 69: H.B. Fuller Co.: Company Financial Highlights, 2019-2021
Table 70: H.B. Fuller Co.: Product Portfolio
Table 71: Master Bond Inc.: Product Portfolio
Table 72: MG Chemicals: Product Portfolio
Table 73: Momentive: Product Portfolio
Table 74: Plasma Ruggedized Solutions: Product Portfolio
Table 75: Panacol-Elosol GmbH.: Product Portfolio
Table 76: Shin-Etsu Chemical: Company Financial Highlights, 2020-2022
Table 77: Shin-Etsu Chemical: Product Portfolio
Table 78: Transene: Product Portfolio
Table 79: Specialty Coating Systems.: Product Portfolio
Table 80: Acronyms Used in This Report

List of Figures

Figure A: Conformal Coating Properties
Figure B: Data Source
Figure C: Conformal Coatings Segments
Figure D: Conformal Coating on PCBs
Summary Figure: Global Market Shares of Conformal Coatings Materials, by Region, 2021
Figure 1: Global Conformal Coating Market Trends, 2021-2027
Figure 2: Megatrends
Figure 3: Market Dynamics: Global Conformal Coatings Industry
Figure 4: Global Market for Consumer Electronics, 2019 and 2026
Figure 5: Global Market for Semiconductors, by Region
Figure 6: New Airplane Demand, Distribution Share, by Region, Through 2036
Figure 7: Global Market Shares of Conformal Coating Materials, by End Use, 2021
Figure 8: Global Market Shares of Conformal Coating Materials in Electronics End Uses, by Region, 2021
Figure 9: Global Market Shares of Conformal Coating Materials in Automotive End Uses, by Region, 2021
Figure 10: Global Market Shares of Conformal Coating Materials in Aerospace/Defense End Uses, by Region, 2021
Figure 11: Global Market Shares of Conformal Coating Materials in Medical End Uses, by Region, 2021
Figure 12: Global Market Shares of Conformal Coating Materials in Other End Uses, by Region, 2021
Figure 13: Worldwide Aircraft Deliveries, 2016-2020
Figure 14: Crude Oil Prices, December 2021 to March 2022
Figure 15: Global Market Shares of Conformal Coating Materials, Equipment, and Spares, by Type, 2021
Figure 16: Global Market Shares of Conformal Coating Materials, by Type, 2021
Figure 17: Global Market Shares of Conformal Coating Materials, by Region, 2021
Figure 18: Global Market Shares of Acrylic Conformal Coatings, by Region, 2021
Figure 19: Global Market Shares of Silicone Conformal Coatings, by Region, 2021
Figure 20: Global Market Shares of Urethane Conformal Coatings, by Region, 2021
Figure 21: Global Market Shares of Epoxy Conformal Coatings by Region, 2021
Figure 22: Global Market Shares of Parylene Conformal Coatings, by Region, 2021
Figure 23: Global Market Shares of DLC Conformal Coatings, by Region, 2021
Figure 24: Global Market Shares of Other Conformal Coatings, by Region, 2021
Figure 25: Global Market Shares of Acrylic Conformal Coatings, by End Use, 2021
Figure 26: Global Market Shares of Silicone Conformal Coatings, by End Use, 2021
Figure 27: Global Market Shares of Urethane Conformal Coatings, by End Use, 2021
Figure 28: Global Market Shares of Epoxy Conformal Coatings, by End Use, 2021
Figure 29: Global Market Shares of Parylene Conformal Coatings, by End Use, 2021
Figure 30: Global Market Shares of DLC Conformal Coatings, by End Use, 2021
Figure 31: Global Market Shares of Other Conformal Coatings, by End Use, 2021
Figure 32: Global Market Shares of Conformal Coatings in Electronics, by Application, 2021
Figure 33: Global Market Shares of Conformal Coatings in Automotive, by Application, 2021
Figure 34: Global Market Shares of Conformal Coatings in Aerospace, by Application, 2021
Figure 35: Global Market Shares of Conformal Coatings in Medical Uses, by Application, 2021
Figure 36: Global Market Shares of Conformal Coatings in Other Applications, 2021
Figure 37: Global Market Shares of Conformal Coating Equipment, by Type, 2021
Figure 38: Global Market Shares of Conformal Coating Equipment, by Region, 2021
Figure 39: Global Market Shares of Dip Coating Equipment, by Region, 2021
Figure 40: Global Market Shares of Spray Coating Equipment, by Region, 2021
Figure 41: Global Market Shares of Selective Coating Equipment, by Region, 2021
Figure 42: Global Market Shares of Automatic Coating Equipment, by Region, 2021
Figure 43: Global Market Shares of Parylene Coating Equipment, by Region, 2021
Figure 44: Global Market Shares of ALD Coating Equipment, by Region, 2021
Figure 45: Global Market Shares of Other Types of Coating Equipment, by Region, 2021
Figure 46: Global Market Shares of Conformal Coating Spares, by Region, 2021
Figure 47: Global Market Shares of Conformal Coating Equipment and Spares, by Customer Type, 2021
Figure 48: ALTANA AG.: Sales, 2020 and 2021
Figure 49: ALTANA AG.: Revenue Share, by Business Divisions, 2021
Figure 50: ALTANA AG.: Revenue Share, by Region, 2021
Figure 51: Chase Corp.: Revenue Share, by Business Segment, 2021
Figure 52: Chase Corp.: Revenue Share, by Region, 2021
Figure 53: Daikin Industries: Revenue Share, by Business Segment, 2021
Figure 54: Dow Inc.: Revenue Share, by Business Segment, 2021
Figure 55: Dow Inc.: Revenue Share, by Region/Country, 2021
Figure 56: Henkel: Revenue Share, by Business Segment, 2021
Figure 57: Henkel: Revenue Share, by Region/Country, 2021
Figure 58: H.B. Fuller Co.: Revenue Share, by Business Segment, 2021
Figure 59: H.B. Fuller Co.: Revenue Share, by Region, 2021
Figure 60: Shin-Etsu Chemical: Revenue Share, by Business Segment, 2021

Executive Summary

A conformal coating is a thin polymeric film applied to printed circuit board (PCB) assemblies to protect the board and its components from the environment and corrosion. The film is typically applied at 25- 250 micrometers and “conforms” to the shape of the board and its components, covering and protecting solder joints, the leads of electronic components, exposed traces, and other metalized areas from (gaseous) corrosion, ultimately extending the working life of the PCB. The conformal coating can also refer to thin films that are <1 micrometer thick and perform the same function.

The use of conformal coatings is particularly important in high-reliability electronics applications, such as automotive, military, aerospace, medical, marine, lighting, industrial, and green energy applications. However, due to the rapid expansion of the electronics industry, conformal coatings are also finding their way into the domestic and mobile electronics industries, providing the necessary combination of high performance and reliability within a vast array of electronic devices. Further, the emerging device as a service (DaaS) business model requires extended reliability and lifetimes from the electronics and will greatly benefit from the utilization of suitable conformal coatings.

The Asia-Pacific region is anticipated to be the largest market for the global conformal coatings market in the coming years due to the significant sales of electronics, semiconductors, and medical equipment. The COVID-19 pandemic wreaked havoc on the global industrial sector. Market development has been impeded by a lack of demand and a large demand-supply mismatch. Furthermore, the global delay of industrial growth projects, particularly in the aerospace, automotive, construction, and oil and gas sectors due to national lockdowns, will reduce conformal coatings production capacity. Due to COVID- 19, several developing nations are on the verge of bankruptcy. However, in the post-pandemic era, global conformal coatings market manufacturers anticipate an increase in product demand.

Companies Mentioned

Advanced Deposition & Coating Technologies Inc.
Altana AG
Chase Corp.
Chemtronics
Cht Germany GmbH
Curtiss-Wright Surface Technologies
Daikin Industries Ltd.
Dow Inc.
Dymax Corp.
Electrolube
Epoxies, Etc.
Europlasma Nv
Fluid Research
Glenro Inc.
H.B. Fuller Co.
Henkel AG & Co. Kgaa
Jaro Corp.
Master Bond Inc.
Mg Chemicals
Momentive Performance Materials Inc.
Nordson Corp.
Panacol-Elosol GmbH
Plasma Ruggedized Solutions
Precision Valve and Automation
Pyradia Inc.
Shin-Etsu Chemical Co. Ltd.
Specialty Coating Systems Inc.
Transene Co. Inc.
Ultrasonic Systems Inc.
Vertical Solutions Inc.
Vitek Research

Table Information

Report Attribute	Details
No. of Pages	212
Published	December 2022
Forecast Period	2022 - 2027
Estimated Market Value ( USD ) in 2022	$ 2 Billion
Forecasted Market Value ( USD ) by 2027	$ 2.7 Billion
Compound Annual Growth Rate	6.0%
Regions Covered	Global
No. of Companies Mentioned	31

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Report Includes

Table of Contents

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Companies Mentioned

Table Information

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