The conformal coatings market size has grown strongly in recent years. It will grow from $14.44 billion in 2024 to $15.51 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the growing demand for electric vehicles (EVs), increasing demand for conformal coatings in medical equipment, and increasing demand in the aerospace industry.
The conformal coatings market size is expected to see strong growth in the next few years. It will grow to $21.74 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, and increasing investments in 5g technology and telecom infrastructure. Major trends in the forecast period include government support, global population growth and urbanization, and increasing investments in 5G technology and telecom infrastructure.
The conformal coatings market is anticipated to experience significant growth, driven by the increasing demand in the consumer electronics industry. This sector encompasses a wide range of electronic products such as smartphones, TVs, and personal computers. Conformal coatings play a crucial role in protecting consumer electronics from chemicals, hazardous conditions, and toxins commonly found in offices and residences. ClearSale, a US-based company, projects that the revenue generated by the consumer electronics sector will surpass $450 billion by 2024. This heightened demand for conformal coatings in the consumer electronics industry is poised to be a key driver for the overall growth of the conformal coatings market.
The growth trajectory of the conformal coatings market is further propelled by substantial investments in 5G technology and telecom infrastructure. With the emergence of 5G, printed circuit boards (PCBs) are engineered to offer optimal signal integrity, impedance control, and thermal management. The increased utilization of PCBs in 5G technologies and telecom infrastructure underscores the importance of conformal coatings in safeguarding circuit boards, components, and electronic devices from adverse environmental conditions. Notably, as of September 2022, the GSM Association reports that Indian telecom giants are anticipated to invest approximately $19.5 billion in advanced infrastructure for 5G by 2025. Additionally, Ernst and Young, a UK-based professional services firm, indicates that around 70% of surveyed enterprises plan to make substantial investments in 5G over the next three years compared to other emerging technologies. Consequently, the rising investments in 5G technology and telecom infrastructure are poised to drive the growth of the conformal coatings market in the forecast period.
Companies in the conformal coatings market are concentrating on developing new UV-curable conformal coatings to bolster their position in the industry. UV-curable conformal coatings offer exceptional protection for printed circuit boards (PCBs) and other electronic components. They form a protective barrier that shields PCBs from environmental factors such as moisture, dust, chemicals, and temperature fluctuations. For instance, in July 2024, Dow, a chemical company based in the US, launched the DOWSIL CC-8000 Series UV and Dual Moisture Cure Conformal Coatings. These solventless silicone coatings are designed to protect electronic components in renewable energy, e-motors, power tools, and home appliances. These coatings cure quickly under UV/LED light, with a secondary cure for shadowed areas, enabling faster production and reduced energy costs compared to heat-cured materials.
Leading companies in the conformal coatings market are embracing a strategic partnership approach to enhance technology integration and broaden their market reach. A strategic partnership generally refers to a collaborative relationship between two or more organizations that combine their resources, expertise, and efforts to achieve shared goals. For example, in August 2022, Dymax Corporation, an Ireland-based manufacturer of rapid and light-curing materials and equipment, teamed up with Electronic Coating Technologies (ECT), a Canada-based provider of conformal coating services, to offer comprehensive Parylene conformal coating services for clients in the aerospace, defense, and automotive sectors. This collaboration enables customers to work directly with their existing application engineer or sales manager to select the most suitable conformal coating process, eliminating the need to outsource to multiple providers.
In January 2022, Novaria Group, a US-based manufacturing company, acquired Advanced Coating for an undisclosed amount. The purpose of this acquisition is to enhance Novaria Group's aerospace and defense product offerings by incorporating Advanced Coating's specialized surface enhancement technologies. Advanced Coating is a US-based manufacturer that specializes in parylene conformal coating services.
Major companies operating in the conformal coatings market include Dow Inc, Shin-Etsu Chemical Co. Ltd, H.B. Fuller Company and ITW, Altana, Kisco Ltd, Chase Corp, Element Solutions Inc, Dymax, Hitachi Chemical Co. Ltd, Techspray, Electrolube, HumiSeal, Guangdong Sinpo New Materials Technology Co. Ltd, Shenzen Anlihui Electronic Technology Co. Ltd, Shenzhen Jitian Chemical Co. Ltd, Aalpha Conformal Coatings, ACC Silicones Ltd, pva tepla ag, Henkel AG and Co. KGaA, MG Chemicals Europe, Biesterfeld AG, Peters Corporation, ATE Electronics, CoolIT, Silent-Aire, AAON Inc, BasX, Corsair, NZXT, Swiftech, EVGA, Alphacool, Cytec Industries, VSi Parylene, Creative Materials, Axalta Coating Systems Brazil Ltda, Brazilian Color Industry Paints and Coatings, Componel, Lauquen Circuitos Impresos Ltda, Saudi Conduit Coating Company, Michmas Electronics Ltd, Jotun UAE Ltd L.L.C, Henkel Polybit Industries Limited, Anchor Allied Factory- LLC, Panol Industries Rmc Fze, Al Gurg Fosroc Co., Testerion, Test and Rework Solutions (Pty) Ltd, Zetech Surface Mount Technology, Bosco Printed Circuits, Summit Interconnect, WH Circuit Pty Ltd.
Asia-Pacific was the largest region in the conformal coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conformal coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the conformal coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Conformal coatings are thin polymeric layers applied to printed circuit boards (PCBs) to safeguard them and their components from environmental damage and corrosion. These coatings conform to the PCB's irregular surface, enhancing operational integrity, dielectric resistance, and reliability.
The primary types of conformal coatings include acrylic, silicone, epoxy, urethane, and perylene. Acrylic coatings utilize a cross-linking system to ensure adhesion and are employed in various formulations such as organic solvent-borne, waterborne, powder, and radiation-curable types. They find applications in architectural finishes, industrial products, and decorative coatings. Technologies used in conformal coatings include water-based, solvent-based, and UV-cured methods, applied through techniques such as dip coating, brush coating, spray coating, and chemical vapor deposition. These coatings cater to various industries including automotive, consumer electronics, aerospace and defense, industrial sectors, among others.
The conformal coatings market research report is one of a series of new reports that provides conformal coatings market statistics, including conformal coatings industry global market size, regional shares, competitors with a conformal coatings market share, detailed conformal coatings market segments, market trends and opportunities, and any further data you may need to thrive in the conformal coatings industry. This conformal coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The conformal coatings market consists of sales of selective coating and automated spraying methods of conformal coatings application techniques. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The conformal coatings market size is expected to see strong growth in the next few years. It will grow to $21.74 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, and increasing investments in 5g technology and telecom infrastructure. Major trends in the forecast period include government support, global population growth and urbanization, and increasing investments in 5G technology and telecom infrastructure.
The conformal coatings market is anticipated to experience significant growth, driven by the increasing demand in the consumer electronics industry. This sector encompasses a wide range of electronic products such as smartphones, TVs, and personal computers. Conformal coatings play a crucial role in protecting consumer electronics from chemicals, hazardous conditions, and toxins commonly found in offices and residences. ClearSale, a US-based company, projects that the revenue generated by the consumer electronics sector will surpass $450 billion by 2024. This heightened demand for conformal coatings in the consumer electronics industry is poised to be a key driver for the overall growth of the conformal coatings market.
The growth trajectory of the conformal coatings market is further propelled by substantial investments in 5G technology and telecom infrastructure. With the emergence of 5G, printed circuit boards (PCBs) are engineered to offer optimal signal integrity, impedance control, and thermal management. The increased utilization of PCBs in 5G technologies and telecom infrastructure underscores the importance of conformal coatings in safeguarding circuit boards, components, and electronic devices from adverse environmental conditions. Notably, as of September 2022, the GSM Association reports that Indian telecom giants are anticipated to invest approximately $19.5 billion in advanced infrastructure for 5G by 2025. Additionally, Ernst and Young, a UK-based professional services firm, indicates that around 70% of surveyed enterprises plan to make substantial investments in 5G over the next three years compared to other emerging technologies. Consequently, the rising investments in 5G technology and telecom infrastructure are poised to drive the growth of the conformal coatings market in the forecast period.
Companies in the conformal coatings market are concentrating on developing new UV-curable conformal coatings to bolster their position in the industry. UV-curable conformal coatings offer exceptional protection for printed circuit boards (PCBs) and other electronic components. They form a protective barrier that shields PCBs from environmental factors such as moisture, dust, chemicals, and temperature fluctuations. For instance, in July 2024, Dow, a chemical company based in the US, launched the DOWSIL CC-8000 Series UV and Dual Moisture Cure Conformal Coatings. These solventless silicone coatings are designed to protect electronic components in renewable energy, e-motors, power tools, and home appliances. These coatings cure quickly under UV/LED light, with a secondary cure for shadowed areas, enabling faster production and reduced energy costs compared to heat-cured materials.
Leading companies in the conformal coatings market are embracing a strategic partnership approach to enhance technology integration and broaden their market reach. A strategic partnership generally refers to a collaborative relationship between two or more organizations that combine their resources, expertise, and efforts to achieve shared goals. For example, in August 2022, Dymax Corporation, an Ireland-based manufacturer of rapid and light-curing materials and equipment, teamed up with Electronic Coating Technologies (ECT), a Canada-based provider of conformal coating services, to offer comprehensive Parylene conformal coating services for clients in the aerospace, defense, and automotive sectors. This collaboration enables customers to work directly with their existing application engineer or sales manager to select the most suitable conformal coating process, eliminating the need to outsource to multiple providers.
In January 2022, Novaria Group, a US-based manufacturing company, acquired Advanced Coating for an undisclosed amount. The purpose of this acquisition is to enhance Novaria Group's aerospace and defense product offerings by incorporating Advanced Coating's specialized surface enhancement technologies. Advanced Coating is a US-based manufacturer that specializes in parylene conformal coating services.
Major companies operating in the conformal coatings market include Dow Inc, Shin-Etsu Chemical Co. Ltd, H.B. Fuller Company and ITW, Altana, Kisco Ltd, Chase Corp, Element Solutions Inc, Dymax, Hitachi Chemical Co. Ltd, Techspray, Electrolube, HumiSeal, Guangdong Sinpo New Materials Technology Co. Ltd, Shenzen Anlihui Electronic Technology Co. Ltd, Shenzhen Jitian Chemical Co. Ltd, Aalpha Conformal Coatings, ACC Silicones Ltd, pva tepla ag, Henkel AG and Co. KGaA, MG Chemicals Europe, Biesterfeld AG, Peters Corporation, ATE Electronics, CoolIT, Silent-Aire, AAON Inc, BasX, Corsair, NZXT, Swiftech, EVGA, Alphacool, Cytec Industries, VSi Parylene, Creative Materials, Axalta Coating Systems Brazil Ltda, Brazilian Color Industry Paints and Coatings, Componel, Lauquen Circuitos Impresos Ltda, Saudi Conduit Coating Company, Michmas Electronics Ltd, Jotun UAE Ltd L.L.C, Henkel Polybit Industries Limited, Anchor Allied Factory- LLC, Panol Industries Rmc Fze, Al Gurg Fosroc Co., Testerion, Test and Rework Solutions (Pty) Ltd, Zetech Surface Mount Technology, Bosco Printed Circuits, Summit Interconnect, WH Circuit Pty Ltd.
Asia-Pacific was the largest region in the conformal coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conformal coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the conformal coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Conformal coatings are thin polymeric layers applied to printed circuit boards (PCBs) to safeguard them and their components from environmental damage and corrosion. These coatings conform to the PCB's irregular surface, enhancing operational integrity, dielectric resistance, and reliability.
The primary types of conformal coatings include acrylic, silicone, epoxy, urethane, and perylene. Acrylic coatings utilize a cross-linking system to ensure adhesion and are employed in various formulations such as organic solvent-borne, waterborne, powder, and radiation-curable types. They find applications in architectural finishes, industrial products, and decorative coatings. Technologies used in conformal coatings include water-based, solvent-based, and UV-cured methods, applied through techniques such as dip coating, brush coating, spray coating, and chemical vapor deposition. These coatings cater to various industries including automotive, consumer electronics, aerospace and defense, industrial sectors, among others.
The conformal coatings market research report is one of a series of new reports that provides conformal coatings market statistics, including conformal coatings industry global market size, regional shares, competitors with a conformal coatings market share, detailed conformal coatings market segments, market trends and opportunities, and any further data you may need to thrive in the conformal coatings industry. This conformal coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The conformal coatings market consists of sales of selective coating and automated spraying methods of conformal coatings application techniques. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Conformal Coatings Market Characteristics3. Conformal Coatings Market Trends and Strategies4. Conformal Coatings Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Conformal Coatings Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Conformal Coatings Market34. Recent Developments in the Conformal Coatings Market
5. Global Conformal Coatings Growth Analysis and Strategic Analysis Framework
6. Conformal Coatings Market Segmentation
7. Conformal Coatings Market Regional and Country Analysis
8. Asia-Pacific Conformal Coatings Market
9. China Conformal Coatings Market
10. India Conformal Coatings Market
11. Japan Conformal Coatings Market
12. Australia Conformal Coatings Market
13. Indonesia Conformal Coatings Market
14. South Korea Conformal Coatings Market
15. Western Europe Conformal Coatings Market
16. UK Conformal Coatings Market
17. Germany Conformal Coatings Market
18. France Conformal Coatings Market
19. Italy Conformal Coatings Market
20. Spain Conformal Coatings Market
21. Eastern Europe Conformal Coatings Market
22. Russia Conformal Coatings Market
23. North America Conformal Coatings Market
24. USA Conformal Coatings Market
25. Canada Conformal Coatings Market
26. South America Conformal Coatings Market
27. Brazil Conformal Coatings Market
28. Middle East Conformal Coatings Market
29. Africa Conformal Coatings Market
30. Conformal Coatings Market Competitive Landscape and Company Profiles
31. Conformal Coatings Market Other Major and Innovative Companies
35. Conformal Coatings Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Conformal Coatings Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on conformal coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for conformal coatings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The conformal coatings market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Acrylic, Silicone, Epoxy, Urethane, Parylene, Other Types2) By Technology: Water-Based, Solvent-Based, UV-Cured
3) By Operation Method: Dip Coating, Brush Coating, Spray Coating, Chemical Vapor Deposition
4) By End User: Automotive, Consumer Electronics, Aerospace and Defence, Industrial, Other End Users
Subsegments:
1) By Acrylic: Water-Based Acrylics; Solvent-Based Acrylics2) By Silicone: Room-Temperature Vulcanizing (RTV) Silicone; Thermoset Silicone
3) By Epoxy: Single-Component Epoxy; Multi-Component Epoxy
4) By Urethane: Aliphatic Urethane; Aromatic Urethane
5) By Parylene: Parylene C; Parylene N; Parylene D
6) By Other Types: Hybrid Coatings; Nano Coatings; Polyurethane Coatings
Key Companies Mentioned: Dow Inc; Shin-Etsu Chemical Co. Ltd; H.B. Fuller Company and ITW; Altana; Kisco Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Dow Inc
- Shin-Etsu Chemical Co. Ltd
- H.B. Fuller Company and ITW
- Altana
- Kisco Ltd
- Chase Corp
- Element Solutions Inc
- Dymax
- Hitachi Chemical Co. Ltd
- Techspray
- Electrolube
- HumiSeal
- Guangdong Sinpo New Materials Technology Co. Ltd
- Shenzen Anlihui Electronic Technology Co. Ltd
- Shenzhen Jitian Chemical Co. Ltd
- Aalpha Conformal Coatings
- ACC Silicones Ltd
- pva tepla ag
- Henkel AG and Co. KGaA
- MG Chemicals Europe
- Biesterfeld AG
- Peters Corporation
- ATE Electronics
- CoolIT
- Silent-Aire
- AAON Inc
- BasX
- Corsair
- NZXT
- Swiftech
- EVGA
- Alphacool
- Cytec Industries
- VSi Parylene
- Creative Materials
- Axalta Coating Systems Brazil Ltda
- Brazilian Color Industry Paints and Coatings
- Componel
- Lauquen Circuitos Impresos Ltda
- Saudi Conduit Coating Company
- Michmas Electronics Ltd
- Jotun UAE Ltd L.L.C
- Henkel Polybit Industries Limited
- Anchor Allied Factory- LLC
- Panol Industries Rmc Fze
- Al Gurg Fosroc Co.
- Testerion
- Test and Rework Solutions (Pty) Ltd
- Zetech Surface Mount Technology
- Bosco Printed Circuits
- Summit Interconnect
- WH Circuit Pty Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 15.51 Billion |
| Forecasted Market Value ( USD | $ 21.74 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 52 |
