Conformal Coating Market: Industry to reach USD 1.8 billion by 2028

"Increasing demand from high-end applications."

The Conformal coatings market size is estimated to be USD 1.4 billion in 2023, and it is projected to reach USD 1.8 billion by 2028 at a CAGR of 5.3%. Conformal coating is highly preferred in PCBs, which are utilised in high-end applications in the aerospace & defence and automotive industries. Conformal coatings are used in a variety of aerospace & defence technologies, including the controls and systems for the space shuttle, aircraft communications and controls, satellite systems, robotic cable assembly, lightning protection chassis, and others. The most important challenge for the aerospace & defence industries is the dependability of conformal coatings performance. Aerospace electronics require conformal coatings to be applied under hazardous conditions and harsh environments. The electronics used in the aerospace & defence industries differ from those used in other industries. This industry uses smaller-sized electronics, which decreases component weight while enhancing performance and usefulness. Before being employed in important applications, new technologies must undergo extensive testing to determine their dependability. PCBs utilised in the aerospace & defence industries have etched feature tolerance standards of +0.0005. For conformal coatings to receive the dependability seal from end users, they must also adhere to strict aerospace standards like RTCA-DO-160 and MIL-STD-810. These facts demonstrate how the aerospace & defence industries have increased the operational parameters for electronic components.

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"By type, Acrylic is projected to register second highest CAGR during the forecast period."

Acrylic coatings are effective in reducing moisture, dust, dirt, thermal fluctuations, and physical abrasions, all of which can risk the operational efficiency and lifespan of electronic components. Beyond this protective function, acrylic coatings also offer insulation against scenarios involving high-voltage instances and static discharges, thereby increasing the overall dependability of electronic systems. The efficient curing process, a result of the solvent-free composition, which enhances usability. In their formulation, acrylic-based conformal coatings provide a fundamental layer of protection, as well as an economical advantage due to their ability to shield against a wide variety of contaminants.

"By End-Use Industry, Automotive segment accounted for the largest market during the forecast period."

Conformal coatings have a wide-ranging significance within the automotive sector, finding application across various critical areas. With the increasing reliance on advanced electronic elements and systems in vehicles, the need for effective safeguards against environmental stresses and mechanical strains has intensified. Conformal coatings are essential in protecting these delicate electronics from moisture, dust, chemicals, and vibrations, thus ensuring sustained peak performance and durability. The increasing use of sensors, control modules, infotainment setups, and safety protocols in modern vehicles is a sign of the need for reliable conformal coatings.

"Asia Pacific is projected to register the highest CAGR in the Conformal coatings market during the forecast period."

An increase in the consumption of conformal coatings, mainly in the consumer electronics and automotive industries, has been observed in the region. With the introduction of new disruptive technologies such as the Internet of Things (IoT), and AI, the demand for more complex PCBs has been growing from various electronics companies. Apart from this, the growing middle-class population; an increase in disposable income of the people in the region that includes developed countries such as Japan and South Korea; and developing ones such as China, India, and Indonesia have also led to a surge in demand for consumer electronics such as smartphones. Owing to these reasons, the production of PCBs has skyrocketed in the region and hence the growth in the consumption of conformal coatings.

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