Global Automotive Conformal Coatings Market Is Expected To Grow At An Annual Rate Of 10.2% From USD 4.2 Billion In 2027 - VynZ Research


Posted January 15, 2022 by VynzReports

VynZ Research is a global market intelligence company providing research reports.

 
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.

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.

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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.

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.

The outbreak of COVID-19 has affected and damaged the entire automotive ecosystem's supply chain, causing manufacturing facilities all over the world to shut down. This scenario is expected to have an effect on the automotive conformal coatings industry, as market growth is directly related to vehicle production.

Key Players

• Altana Ag
• Chase Corporation
• CHT Group
• Comelec SA
• Conins Pune
• CSL Silicones Inc
• Dawn Tech
• Dow
• Dymax
• Electrolube
• H.B. Fuller
• Henkel
• HZO
• Para Tech Coating
• Paratronix
• Peters Group
• Shin-Etsu Chemical
• VSI Parylene (Vertical Solutions)
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Tags automotive conformal coatings , automotive conformal coatings market , automotive conformal coatings market analysis , automotive conformal coatings market growth , automotive conformal coatings market share , automotive conformal coatings market size , automotive conformal coatings market value
Last Updated January 15, 2022