The global Conformal Coating Market is in its mature stage and thus, developing at a moderate pace. Asia-Pacific holds the largest share in the global conformal coatings market and is expected to witness highest CAGR during the forecast period. The global conformal coating market is expected to register moderate growth in the forecast period, due to increasing use for electronic components in automotive & consumer electronics sector.
Other factors that are expected to drive the market are increasing demand for conformal coated products in aerospace & defense industry. Growing electrical & electronics industry in the Asia-Pacific region is expected to provide significant opportunities for the industry players.
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A Conformal Coating is a protective chemical barrier or polymer films that defend circuit boards from harsh environment. They are applied as thin layers of few micro meters, to shield the circuitry against moisture, salt spray, dust, chemicals, and temperature extremes to avoid corrosion, mould growth and electrical failures.
They found important applications in industries such as automotive, military, aerospace, marine, lighting, industrial and green energy applications. Due to rapid expansion of electronic industries, conformal coatings are finding ways in domestic and professional electronic devices. These coatings can be used on the surface via dipping, spraying or brushing.
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The report segments the conformal coating market on the basis of type, end-use industry, and geography.
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