New York
City, 04 February 2019: The Global Conformal CoatingMarket is
estimated to grow to USD 16.9 billion by 2026 according to a new report
published by Polaris Market Research. Conformal coating is a protectant that is
a polymer or chemical film applied on electronic circuits to keep them free
from harsh environmental conditions such as chemical contaminants and moisture
in the air. These products maintain long-term surface insulation resistance and
ensure the operational integrity of the circuit board.
Rising
demand for consumer electronics, advancements in medical equipment, and
emerging smart vehicle technologies are some of the prominent factors that
broadly make use of these products and are these are driving its market.
Increase in consumer disposable income and rising demand for modern electronic
devices such as mobile phones, laptops, and other gadgets have tremendously
driven the growth of specific products that are used in electronics components.
 |
Automotive
is one of the fastest growing end-use segments for these products. The
emergence of smart electric hybrid vehicles is continuously brimming with
technology and has witnessed rapid growth rate as it’s an energy-efficient
alternative. To make these vehicles more comfortable, fuel-efficient, and
safer, use of electronic gadgets is high in these vehicles and its use is
increasing along with rising sophistication of EV. This has led to increased
application of electronic assemblies and conformal coatings.
Initially
these products were specifically applied to medical and military products as
the process and cost were substantially higher per unit. However, with
innovative processes and development of material technology, prices of these
products have decreased over the last few years. In the current scenario
conformal coatings have become increasingly common for electronic components
and circuitry.
Some of the
recent technological advancements for the market include low viscosity
solvent-free conformal coating, parylene-like hydrophobic conformal coating,
silicone-based conformal coating for corrosion, and single component conformal
coating material to protect sensitive information on PCBs.
These
products are of different types based on their material of formulation. These
coatings are used depending on their characteristics and required efficiency.
Acrylic conformal coating is the largest product segment by material.
Polyurethane, epoxy, and parylene are among the fast-growing segments.
Competitive
Landscape and Key Vendors:
Most of the
product manufacturers, device fabricators, and PCB assemblers prefer
solvent-free conformal coatings for environmental and economic reasons, though,
solvent based ones enhance performance. On account of more demand for “green
chemicals”, certain resins are growing at a faster pace as compared to the traditional
ones such as acrylics.
The global
industry constitutes of a large number of multinationals and regional players
and some of the key market players include Electrolube, Kisco Conformal
Coatings, H.B. Fuller, Cytec Industries Inc., Chase Corporation, Henkel AG
& KGaA, Illinois Tool Works, and Dow Corning.
No comments:
Post a Comment