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Automotive Conformal Coatings Market Size - by Type(Acrylics, Urethanes, Silicones, Epoxy, Paralyene), by Component(ECU, PCB, Sensor, Battery Casing, LED, Infotainment System), by Vehicle Type(Two-wheeler, Passenger Vehicle, Light Duty Vehicles), by Application(C In-cabin Electronics, Under the hood Electronics, Exterior electronics) & Region - Forecasts 2023-2033

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 256
  • CATEGORY
  • Automotive & Transportation

Automotive Conformal Coatings Market: Description

Conformal Coatings, also known as polymeric coatings, are applied in thin layers on printed circuit boards to protect and electrically insulate the components from environmental stresses. The coatings can either be sprayed, brushed, or flow-coated. Providing protective conformal coating for sensitive electronic assemblies and complex components in automobiles have become necessary. The Parylene coatings have provided enhanced protection for all kinds of electronic circuits which the automotive industry has turned to.

Companies operating in the global automotive conformal coatings industry are also significantly propelling the market growth. For instance, In 2021, Electrolube announced the launch of a new conformal coating for automotive electronics, the DCA-E range. The coating is designed to offer enhanced protection against the harsh environments encountered in automotive applications. In 2020, Specialty Coating Systems, a leading provider of conformal coating solutions for automotive and other industries, announced a USD 5 million investment from Summit Park, a private equity firm. The funding is intended to support the company's growth and expansion in the automotive and electronics markets.

Automotive Conformal Coatings Market: Overview

The total global Automotive Conformal Coatings Market is estimated to reach USD 2,064 Million by 2033 from USD 1,133 Million in 2022 at a compound annual growth rate (CAGR) of 6.1%.

Conformal coating is a protective coating that matches the surface of assembled printed circuit boards and electronic components. The coating can protect the user from moisture, dust and corrosion that can be caused by extreme environmental conditions and improves assembly service life. The resulting coating can be applied to the surface of the assembled circuit board manually or by a robot and it forms a polymer film with a thickness of 25-100 µm. The Conformal coating also provides the greatest degree of protection for electronic circuits from the corrosive environment, such as moisture, dust, chemical pollutants, salt, Fog etc. Due to electrical isolation, it maintains and ensures the reliability of electronic equipment for a long time.

Automotive Conformal Coating Market: Key Trends

·         Increasing demand from high-end applications require conformal coating

Conformal coating is highly preferred in PCBs that are used in high-end applications in aerospace & defense and automotive industries. The aerospace & defense industry uses conformal coatings in space shuttle controls & systems, aircraft communications & controls, satellite systems, lightening protection chassis, and other similar technologies. For the aerospace & defense industry, the reliability on conformal coatings performance is the overriding issue. As the PCBs used in the aerospace & defense sector have the tolerance levels of ±0.0005 on etched features. Whereas, Conformal coatings should also meet specific aerospace standards in order to get reliability tag from end users. These factors prove the increased operational parameters for electronic components in the aerospace & defense industry.

·         Miniaturization of PCBs affected the usage of conformal coating

This trend has compact and lighter electronic devices and end-use components and is driving the need for miniaturization in PCBs. The PCB industry plays an important role in the development of electronic gadgets. The use of PCBs results in lower material requirements, reduce space requirements, and fewer recycling requirements. In the development of High-Density Interconnect (HDI), a PCB with a greater number of interconnections and occupying minimal space, which enables PCB manufacturers in miniaturization of the circuit board. The components in these PCBs are placed closer, and the board space is significantly reduced. These trends enable the manufacturing of efficient electronics devices. Miniaturization has resulted in a reduction in the use of coating volumes per PCBs.


Automotive Conformal Coating Market: COVID-19 Impact

The COVID-19 has resulted in lockdown in several countries, which compelled the shutting down of several manufacturing facilities. The end-use industries, such as automotive & transportation and consumer electronics have declined and the pandemic has resulted in a gush in demand for medical and food packaging. Because of this increasing demand, medical device and their component manufacturers are being operated at maximum capacities. Conformal coated PCBs are used in medical applications as they are effective in protecting electronic devices from erosion and external chemical attack. With healthcare facilities battling the COVID-19 crisis, demand for medical devices and equipment is high, and machinery to manufacture this equipment is also in high demand. Thus, creating opportunities for conformal coating manufacturers.


Automotive Conformal Coating Market: Segmentation Analysis


Key Players:

·         ACC Silicones Ltd.

·         ACL, Inc.

·         ALTANA AG

·         Anabond Limited

·         Avante International Technology, Inc.

·         Chase Corporation, ConinsPune

·         Creative Materials, Inc.

·         CSL Silicones Inc.

·         DowDupont Inc.

·         Dymax Corporation

·         Electro-Lite Corporation

·         Electrolube, Europlasma NV

·         H.B. Fuller Company

·         Henkel AG & Co. KGaA

·         Illinois Tool Works, Inc.

·         John C. Dolph Company

·         Master Bond, Inc.

·         MG Chemicals

·         Peters Group

·         Protech Powder Coating Company LLC

·         Shin-Etsu Chemical Co., Ltd

·         PPG Industries

·         Others


Automotive Conformal Coating Market by type:

·         Acrylic

·         Silicone

·         Epoxy

·         Urethanes

·         Paralyene

·         Others

Acrylic conformal coating is recognized for its high dielectric strength and fair moisture and the abrasion level. This type provides a primary level of protection at an economical cost as compared to other automotive conformal coating materials. It is key type which drives the growth of the market.


Automotive Conformal Coating Market by component:

·         ECU

·         PCB

·         Sensor

·         Battery Casing

·         LED

·         Infotainment System

The sensor segment is anticipated to expand notably over the forecast duration owing to increasing government emphasis on the installation of sensors in vehicles as road safety measure.


Automotive Conformal Coating Market by Vehicle Type:

·         Passenger vehicle

o   Hatchback

o   Sedan

o   Utility Vehicles

·         Light Duty Vehicle

·         Two-Wheeler

·         Medium & Heavy Trucks

·         Buses & Coaches

Passenger type conformal coating market is expected to drive by increase in electronic components. China and India has the highest rate of passenger cars which will drive the growth of this market. Standard features, such as reverse parking assist, airbags, are expected to increase the installation of PCBs, ECUs and sensors in passenger cars.


Automotive Conformal Coating Market by Application:

·         C In-cabin Electronics

·         Under the hood Electronics

·         Exterior Electronics


Automotive Conformal Coating Market: Regional Analysis

The market has shown a decline because of COVID- 19 which has resulted in a decline in vehicle production. Asia Pacific is expected to account for the largest market share as the region is home to China and Japan which are the leading vehicle production hubs. China, Japan, and South Korea are expected to rise the market in the Asia Pacific region. Other regions include North America, Europe and LAMEA.


Automotive conformal coating market- Competitive landscape

The prominent companies operating in the marketplace are ACC Silicones Ltd., ACL, Inc., ALTANA AG, Anabond Limited, Avante International Technology, Inc., Chase Corporation, ConinsPune, Creative Materials, Inc., CSL Silicones Inc., DowDupont Inc., Dymax Corporation, Electro-Lite Corporation, Electrolube, Europlasma NV, H.B. Fuller Company, Henkel AG & Co. KGaA, Illinois Tool Works, Inc., John C. Dolph Company, Master Bond, Inc., MG Chemicals, Peters Group, Protech Powder Coating Company LLC, Shin-Etsu Chemical Co., Ltd, PPG Industries, and Others.



1.    Global Automotive Conformal Coatings Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Automotive Conformal Coatings Market  Definition & Description

1.3.  Global Automotive Conformal Coatings Market Scope and Market Estimation

1.3.1.     Global Automotive Conformal Coatings Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Automotive Conformal Coatings Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     By type of Global Automotive Conformal Coatings Market

1.4.2.     By component of Global Automotive Conformal Coatings Market

1.4.3.     By Vehicle Type of Global Automotive Conformal Coatings Market

1.4.4.     By Application of Global Automotive Conformal Coatings Market

1.4.5.     By Region of Global Automotive Conformal Coatings Market

 

2.    Executive Summary

2.1.  Global Automotive Conformal Coatings Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Automotive Conformal Coatings Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3.    Global Automotive Conformal Coatings Market  Estimates & Historical Trend Analysis (2020 - 2022)

 

4.    Global Automotive Conformal Coatings Market  Estimates & Forecast Trend Analysis, By type

4.1.  Global Automotive Conformal Coatings Market Revenue (US$ Mn) Estimates and Forecasts, By type, 2023 to 2033

4.1.1.     Acrylic

4.1.2.     Silicone

4.1.3.     Epoxy

4.1.4.     Urethanes

4.1.5.     Paralyene

4.1.6.     Others

 

5.    Global Automotive Conformal Coatings Market  Estimates & Forecast Trend Analysis, By component

5.1.  Global Automotive Conformal Coatings Market Revenue (US$ Mn) Estimates and Forecasts, By component, 2023 to 2033

5.1.1.     ECU

5.1.2.     PCB

5.1.3.     Sensor

5.1.4.     Battery Casing

5.1.5.     LED

5.1.6.     Infotainment System

 

6.    Global Automotive Conformal Coatings Market  Estimates & Forecast Trend Analysis, By Vehicle Type

6.1.  Global Automotive Conformal Coatings Market Revenue (US$ Mn) Estimates and Forecasts, By Vehicle Type, 2023 to 2033

6.1.1.     Passenger vehicle

6.1.2.     Light Duty Vehicle

6.1.3.     Two-Wheeler

6.1.4.     Medium & Heavy Trucks

6.1.5.     Buses & Coaches

 

7.    Global Automotive Conformal Coatings Market  Estimates & Forecast Trend Analysis, By Application

7.1.  Global Automotive Conformal Coatings Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023 to 2033

7.1.1.     C In-cabin Electronics

7.1.2.     Under the hood Electronics

7.1.3.     Exterior Electronics

 

8.    Global Automotive Conformal Coatings Market  Estimates & Forecast Trend Analysis, By Region

8.1.  Global Automotive Conformal Coatings Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033

8.1.1. North America

8.1.2. Europe

8.1.3. Asia Pacific

8.1.4. Middle East & Africa

8.1.5. South America

 

9.    North America  Automotive Conformal Coatings Market: Estimates & Forecast Trend Analysis

9.1.  North America Automotive Conformal Coatings Market Assessments & Key Findings

9.1.1.     North America Automotive Conformal Coatings Market Introduction

9.1.2.     North America Automotive Conformal Coatings Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.  By type

9.1.2.2.  By component

9.1.2.3.  By Vehicle Type

9.1.2.4.  By Application

9.1.2.5.  By Country

9.1.2.5.1.   The U.S.

9.1.2.5.2.   Canada

9.1.2.5.3.   Mexico

 

10.  Europe  Automotive Conformal Coatings Market: Estimates & Forecast Trend Analysis

10.1. Europe Automotive Conformal Coatings Market Assessments & Key Findings

10.1.1.  Europe Automotive Conformal Coatings Market Introduction

10.1.2.  Europe Automotive Conformal Coatings Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.  By type

10.1.2.2.  By component

10.1.2.3.  By Vehicle Type

10.1.2.4.  By Application

10.1.2.5.  By Country

10.1.2.5.1.          Germany

10.1.2.5.2.          U.K.

10.1.2.5.3.          France

10.1.2.5.4.          Italy

10.1.2.5.5.          Spain

10.1.2.5.6.          Russia

10.1.2.5.7.          Rest of Europe

 

11.  Asia Pacific  Automotive Conformal Coatings Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Market Assessments & Key Findings

11.1.1.  Asia Pacific Automotive Conformal Coatings Market Introduction

11.1.2.  Asia Pacific Automotive Conformal Coatings Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.  By type

11.1.2.2.  By component

11.1.2.3.  By Vehicle Type

11.1.2.4.  By Application

11.1.2.5.  By Country

11.1.2.5.1.          China

11.1.2.5.2.          Japan

11.1.2.5.3.          India

11.1.2.5.4.          Australia

11.1.2.5.5.          South Korea

11.1.2.5.6.          ASEAN

11.1.2.5.7.          Rest of Asia Pacific

 

12.  Middle East & Africa  Automotive Conformal Coatings Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Market Assessments & Key Findings

12.1.1.  Middle East & Africa  Automotive Conformal Coatings Market Introduction

12.1.2.  Middle East & Africa   Automotive Conformal Coatings Market Size Estimates and Forecast (US$ Million)  (2023 to 2033)

12.1.2.1.  By type

12.1.2.2.  By component

12.1.2.3.  By Vehicle Type

12.1.2.4.  By Application

12.1.2.5.  By Country

12.1.2.5.1.  U.A.E.

12.1.2.5.2.  Saudi Arabia

12.1.2.5.3.  Egypt

12.1.2.5.4.  South Africa

12.1.2.5.5.  Rest of Middle East & Africa

 

13.  South America  Automotive Conformal Coatings Market: Estimates & Forecast Trend Analysis

13.1. South America Market Assessments & Key Findings

13.1.1.  South America Automotive Conformal Coatings Market Introduction

13.1.2.  South America Automotive Conformal Coatings Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

13.1.2.1.  By type

13.1.2.2.  By component

13.1.2.3.  By Vehicle Type

13.1.2.4.  By Application

13.1.2.5.  By Country

13.1.2.5.1.  Brazil

13.1.2.5.2.  Argentina

13.1.2.5.3.  Colombia

13.1.2.5.4.  Rest of South America

 

14.  Competition Landscape

14.1. Global Automotive Conformal Coatings Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2. Global Automotive Conformal Coatings Market Concentration & Company Market Shares (%) Analysis, 2022

 

15.  Company Profiles

15.1.    ACC Silicones Ltd.

15.1.1.    Company Overview & Key Stats

15.1.2.    Financial Performance & KPIs

15.1.3.    Product Portfolio

15.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

15.2.    ACL, Inc.

15.3.    ALTANA AG

15.4.    Anabond Limited

15.5.    Avante International Technology, Inc.

15.6.    Chase Corporation, ConinsPune

15.7.    Creative Materials, Inc.

15.8.    CSL Silicones Inc.

15.9.    DowDupont Inc.

15.10. Dymax Corporation

15.11. Electro-Lite Corporation

15.12. Electrolube, Europlasma NV

15.13. H.B. Fuller Company

15.14. Henkel AG & Co. KGaA

15.15. Illinois Tool Works, Inc.

15.16. John C. Dolph Company

15.17. Master Bond, Inc.

15.18. MG Chemicals

15.19. Peters Group

15.20. Protech Powder Coating Company LLC

15.21. Shin-Etsu Chemical Co., Ltd

15.22. PPG Industries

15.23. Others**

 

16.  Research Methodology

16.1. External Transportations / Databases

16.2. Internal Proprietary Database

16.3. Primary Research

16.4. Secondary Research

16.5. Assumptions

16.6. Limitations

16.7. Report FAQs

 

17.  Research Findings & Conclusion

 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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