The global automotive conformal coatings market is expected to grow at an annual rate of 10.2% from USD 1.7 billion in 2020 to USD 4.2 billion in 2027. The increasing use of automotive electronics in automobiles, as well as numerous technological advancements in conformal coating application methods, are propelling this market forward.
Conformal coating is a protective coating for electronic circuits that protects them from high humidity, fluctuating temperatures, and a harsh environment that may include airborne pollutants. A polymer film of 25-75 microns is used as the coating layer. Conformal coatings are critical in the automotive industry because they provide the requisite combination of high performance and reliability.
Because of massive expenditure in the electronics industry in China, Taiwan, South Korea, and Japan, Asia Pacific is expected to be the strongest growing regional market. Furthermore, India's rapid growth in the consumer electronics and automotive manufacturing industries is expected to fuel regional product demand.
The market is expected to expand due to increased demand and development of passenger cars, as well as recent legislation requiring the installation of airbags and stricter emission standards in countries such as China and India. Furthermore, standard features like reverse parking assist and airbags are expected to boost the use of PCBs, ECUs, and sensors in passenger vehicles. Furthermore, the increasing rate of LED installation in compact SUVs is expected to propel market growth. As a result, the demand for passenger car conformal coatings is projected to be driven by an increase in electronics components.
Because of the continuous miniaturisation of electronics and associated circuitry over the last few years, the demand for conformal coating has skyrocketed. The choice of a suitable application method and coating form has become critical. Rising product demand from the consumer electronics sector to protect PCBs from moisture, dust, heat, and other harsh environmental factors are expected to propel the market forward in the coming years. Increased demand from end-use sectors such as automotive, electrical and electronics, medical, and semiconductors is a major factor driving the conformal coating market forward. Conformal coatings have made major inroads into the smartphone and domestic electronics sectors as a result of the rapidly intensifying consumer electronics market in most parts of the world.
Given the environments under which these vehicles work, protecting automotive electronics has become increasingly important over time. Conformal coating is needed in modern vehicles not only to protect vital components from harsh operating conditions but also to increase surface insulation resistance due to space constraints between tracks. New types of protective coatings are needed to withstand severe operating conditions. These coatings must be resistant to moisture and contaminants, as well as highly flexible in order to withstand thermal shock and temperature tolerance in order to withstand higher operating temperatures.
The high cost of conformal coatings has a negative impact on demand. Conformal coating manufacturers are working hard to reduce production costs by introducing new technologies or lowering the cost of raw materials, given the high prices of these coatings. They're also looking to create coatings that will help them generate revenue from new application areas by increasing adoption. As a result, the automotive conformal coatings market's growth can be hampered by high prices and wide price variations depending on the material used for conformal coatings.
Market Key Players
• Altana Ag
• Chase Corporation
• CHT Group
• Comelec SA
• Conins Pune
• CSL Silicones Inc
• Dawn Tech
• H.B. Fuller
• Para Tech Coating
• Peters Group
• Shin-Etsu Chemical
• VSI Parylene (Vertical Solutions)
Global Automotive Conformal Coatings Market Coverage
EV Type Insight and Forecast 2015-2027
Material Insight and Forecast 2015-2027
Global Automotive Conformal Coatings Market by Region
Rest of the World (RoW)