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.

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Coatings Market