Conformal Coating Market Analysis

Conformal coating Market Analysis

To get key market trends

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Based on product, the acrylic segment ccrossed USD 425 million in 2022. Acrylic coatings are known for their ease of application, making them a popular choice for manufacturers seeking efficient and cost-effective solutions. The ability to provide good moisture resistance makes acrylic coatings in demand for applications exposed to humidity and condensation.
 

Based on end-use, the electronics and electricals segment accounted for over 35% of the market share in 2022. The electronics industry demands conformal coatings to protect small, densely packed electronic components from moisture, dust, and chemicals. The proliferation of smartphones, tablets, and wearables increases the demand for conformal coatings in these consumer devices. The automotive industry demands reliable and durable conformal coatings to ensure long-lasting performance in vehicles.
 

North America dominated the global Conformal coating market in 2022. The electronics industry in North America continues to demand conformal coatings to protect increasingly miniaturized electronic components in products like smartphones, tablets, and wearables. Within North America, the U.S. generated a revenue of over USD 331 million in 2022. The U.S. military's investment in electronics and technology drives demand for conformal coatings that meet stringent requirements for military applications. The medical device industry in North America requires conformal coatings that meet strict biocompatibility and safety standards for use in medical equipment and implantable devices.