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
· 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
Automotive Conformal Coating Market by type:
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:
· Battery Casing
· 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 Utility Vehicles
· Light Duty Vehicle
· 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
2.2.4. 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
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
5.1.4. Battery Casing
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
6.1.4. 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
8.1.3. 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)
220.127.116.11. By type
18.104.22.168. By component
22.214.171.124. By Vehicle Type
126.96.36.199. By Application
188.8.131.52. By Country
184.108.40.206.1. The U.S.
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
10.1.2.5.7. 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)
220.127.116.11. By type
18.104.22.168. By component
22.214.171.124. By Vehicle Type
126.96.36.199. By Application
188.8.131.52. By Country
184.108.40.206.5. South Korea
220.127.116.11.7. 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)
18.104.22.168. By type
22.214.171.124. By component
126.96.36.199. By Vehicle Type
188.8.131.52. By Application
184.108.40.206. By Country
220.127.116.11.2. Saudi Arabia
18.104.22.168.4. South Africa
22.214.171.124.5. 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)
126.96.36.199. By type
188.8.131.52. By component
184.108.40.206. By Vehicle Type
220.127.116.11. By Application
18.104.22.168. By Country
22.214.171.124.4. 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
16. Research Methodology
16.1. External Transportations / Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.7. Report FAQs
17. Research Findings & Conclusion
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