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Conformal Coatings Market Type (Epoxy, Acrylics, Silicone, Urethane, Parylene and Others), Coating Type (Brush Coating, Dip Coating, Selective Coating by Machine and Spray Coating) and Application – Global Forecast to 2026

Conformal Coatings Market Type (Epoxy, Acrylics, Silicone, Urethane, Parylene and Others), Coating Type (Brush Coating, Dip Coating, Selective Coating by Machine and Spray Coating) and Application – Global Forecast to 2026

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The Conformal Coatings Market is forecast to grow from USD 10.59 billion in 2018 to USD 15.25 billion by 2026, at a CAGR of 4.5%, during the forecast period. The market is driven by the increase in demand from emerging markets for conformal coatings and high demand for printed circuit boards in the automotive & transport and electronics industries.Conformal coatings consist of unique properties like high resistance to dust, salts, moisture, corrosion, high temperature and humidity and increase in reliability of electronic equipment by 5 years. Costly replacement and repair in the event of damage and technological constraints in the application, preparation and drying of conformal coatings are two major restrictions for the market.

Major players in the industry are focusing on integrating their operations by entering the manufacturing and distribution sectors of raw materials to gain a competitive edge in the market. Companies have adopted partnerships, agreements and collaboration to expand their market share and distribution network in addition to new product development and expansion.The major players in the market are Henkel (Germany), Illinois Tool Works (US), Shin-Etsu Chemical Co., Ltd (Japan), DOW Corning (US), H.B. Fuller (US), Chase Corporation (US), Europlasma NV (Belgium), MG Chemicals (Canada), Dymax Corporation (US) and Kisco Conformal Coatings LLC (US).

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