Conformal Coatings Market is driven by increasing applications in electronics industry
The Conformal Coatings Market comprises protective coatings that acts as electrical insulators and shields electronic circuits from environmental elements such as moisture, chemicals, contaminants, and other corrosive elements. Conformal coatings offer protection against dust and dirt without affecting circuit functions. With miniaturization of electronic components and devices, conformal coatings provide 360 degrees protection against harsh environmental conditions.
They find wide usage in printed circuit boards (PCBs), ball grid arrays (BGAs), chip capacitors, coils, resistors, connectors and other generic electronic components. Some of the key advantages of conformal coatings include extended product lifespan, corrosion protection, moisture resistance, friction reduction, dielectric insulation, and lubrication. With rapid proliferation of Conformal Coatings Market Trends and systems across various industries including automotive, aviation, defense, industrial machinery, and consumer electronics, the demand for protective coatings for electronic components is expected to rise significantly.
The global conformal coatings market size was valued at US$ 1256.8 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.04% from 2023 to 2030.
Key Takeaways
Key players operating in the Conformal Coatings are Altana, Chase Corp., CHT Ltd, Dow, Dymax, HK Wentworth Ltd, H.B. Fuller Company, Henkel AG and Co. KGaA, ITW, Kisco Ltd, MG Chemicals, Panacol-Elosol GmbH, Shin-Etsu Chemical Co. Ltd, and Momentive. These companies are focusing on new product launches, expansions, mergers and acquisitions to gain competitive advantage in the market.
Get More Insights on- Conformal Coatings Market
The Conformal Coatings Market comprises protective coatings that acts as electrical insulators and shields electronic circuits from environmental elements such as moisture, chemicals, contaminants, and other corrosive elements. Conformal coatings offer protection against dust and dirt without affecting circuit functions. With miniaturization of electronic components and devices, conformal coatings provide 360 degrees protection against harsh environmental conditions.
They find wide usage in printed circuit boards (PCBs), ball grid arrays (BGAs), chip capacitors, coils, resistors, connectors and other generic electronic components. Some of the key advantages of conformal coatings include extended product lifespan, corrosion protection, moisture resistance, friction reduction, dielectric insulation, and lubrication. With rapid proliferation of Conformal Coatings Market Trends and systems across various industries including automotive, aviation, defense, industrial machinery, and consumer electronics, the demand for protective coatings for electronic components is expected to rise significantly.
The global conformal coatings market size was valued at US$ 1256.8 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.04% from 2023 to 2030.
Key Takeaways
Key players operating in the Conformal Coatings are Altana, Chase Corp., CHT Ltd, Dow, Dymax, HK Wentworth Ltd, H.B. Fuller Company, Henkel AG and Co. KGaA, ITW, Kisco Ltd, MG Chemicals, Panacol-Elosol GmbH, Shin-Etsu Chemical Co. Ltd, and Momentive. These companies are focusing on new product launches, expansions, mergers and acquisitions to gain competitive advantage in the market.
Get More Insights on- Conformal Coatings Market
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