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Major players operating in the Conformal coating industry include:
Henkel AG & Co. KGaA and Chase Corporation are dominant players in the market due to their vast product portfolio. Henkel AG & Co. KGaA’s ecosystem integration, along with consistent innovation, have attracted millions of customers. Their brand recognition and exclusive content deals solidify their leadership in the highly competitive market.
The market valuation of conformal coating was worth USD 996.70 million in 2023 and is expected to expand at over 6.5% CAGR from 2024 to 2032, attributed to the increasing need of the electronic manufacturing sector to protect the devices against environmental factors.
Acrylic conformal coating market generated USD 425 million in 2022 and is poised to witness high demand through 2032 owing to its ease of application.
Henkel AG & Co. KGaA, Chase Corporation, Dymax Corporation, Electrolube, H.B. Fuller Company, Shin-Etsu Chemical Co., Ltd., and Dow Inc. are some of the prominent firms in the market.
North America conformal coating industry size was worth USD 331 million in 2022 and is set to grow substantially through 2032, attributed to the booming electronics industry in the region.