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DUBLIN, July 1, 2020 /PRNewswire/ -- The "Conformal Coating Market by Type (Acrylic, Silicone, Epoxy, Urethane, and Parylene), End-Use (Consumer Electronics, Automotive, Aerospace & Defense, Industrial and Telecommunication), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global market size for conformal coatings was USD 929 million in 2019 and is projected to reach USD 1.26 billion by 2025, at a CAGR of 5.3% between 2020 and 2025. The global conformal coatings market is projected to witness a CAGR of 5.3% during the forecast period. The high growth is attributed to the increase in the number of PCB manufacturers in countries such as China and Taiwan, and another factor is the growing demand from the high-end applications which require conformal coatings. These coatings are used in various industries such as consumer electronics, automotive, aerospace & defense, industrial, and telecommunication. Telecommunication is the fastest-growing end-use in the conformal coatings market. The introduction of 5G has brought the need for the development of communication infrastructure. The commercial use of 5G worldwide is expected to bring endless opportunities for upstream and downstream industries. PCB majorly has four areas of application during the construction of a communication network, namely wireless network, transmission network, data communication, and fixed-line broadband. Similarly, for the construction of 5G infrastructure, various types of PCBs are required such as PCB backplanes, high-frequency PCB and high-speed multilayer PCBs. In addition to this, the establishment of large 5G macro base stations will also boost the demand for PCB as it is an indispensable electronic material used in the construction of the base station. Acrylic conformal coating is the largest type for conformal coating. Acrylic conformal coatings are transparent insulating and quick-drying acrylic-based coatings. These are easy to apply and do not require special equipment for application. Acrylic coatings account for a large share of the conformal coatings market, with wide applications in electronics. These coatings protect electric circuits from moisture, dirt, dust, thermal shocks, and scratches that could corrode, short circuit, or otherwise damage the electronic component. They also provide insulation against high-voltage and static discharges. Acrylic-based conformal coatings are a fast cure, free from solvents, and easily reparable. It is considered essential level protection because they are economical and provide protection against a broad level of contamination. APAC is expected to be the fastest-growing market for conformal coating during the forecast period. APAC is expected to be the fastest-growing market during the forecast period. Due to the presence of a huge volume of PCB manufacturers in the region, the demand for conformal coating is expected to grow. Apart from that India is projected to have a rapidly growing consumer electronics market in the coming years due to the rising middle class and increasing disposable income. Thus these scenario is expected to drive the market in the region. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Significant Opportunities in the Conformal Coatings Market4.2 APAC Conformal Coatings Market, By End-Use Industry and Country4.3 Conformal Coatings Market, By Countries4.4 Insights 5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Growing Base of PCB Manufacturing5.2.1.2 Increasing Demand From High-End Applications5.2.1.3 Large Scale Demand From the Automotive Industry5.2.2 Restraints5.2.2.1 Expensive Replacement and Repair of Conformal Coatings in Case of Damage5.2.2.2 Miniaturization of Pcbs5.2.3 Opportunities5.2.3.1 Rising Adoption By the Telecommunication Industry5.2.3.2 Usage in Substrate-Like PCB (SLP)5.2.3.3 Technological Advancements in End-Use Industries5.2.4 Challenges5.2.4.1 Price Pressure on Conformal Coating Manufacturers5.3 Porter's Five Forces Analysis5.3.1 Bargaining Power of Suppliers5.3.2 Threat of New Entrants5.3.3 Threat of Substitutes5.3.4 Bargaining Power of Buyers5.3.5 Intensity of Competitive Rivalry5.4 Conformal Coating Standards5.5 YC, YCC Drivers 6 Conformal Coatings Market, By Type 6.1 Introduction6.1.1 Silicone6.1.1.1 Emerging Trends in the End-Use Industries are Expected to Drive the Demand6.1.2 Acrylic6.1.2.1 Low Cost of Acrylic Conformal Coating to Drive the Market6.1.3 Epoxy6.1.3.1 Difficulty in Reworkabilty Hampering Its Growth6.1.4 Urethane6.1.4.1 APAC to Be the Largest Consumer of Urethane6.1.5 Parylene6.1.5.1 Demand From Aerospace & Defense and Medical Industry to Drive the Market6.1.6 Others 7 Conformal Coatings Market, By End-Use Industry 7.1 Introduction7.1.1 Automotive7.1.1.1 Next-Gen Automotive Industry Landscape Will Drive the Market7.1.2 Consumer Electronics7.1.2.1 Rising Disposable Income and the Development of Smart Devices Drive the Market7.1.3 Aerospace & Defense7.1.3.1 Integration of New Technologies Will Spur the Demand7.1.4 Industrial7.1.4.1 Implementation of Industry 4.0 to Boost the Market7.1.5 Telecommunication7.1.5.1 Upcoming 5G Technology Will Drive the Market During the Forecast Period7.1.6 Others 8 Conformal Coatings Market, By Region 8.1 Introduction8.2 North America8.2.1 US8.2.1.1 Demand for Complex PCB From Aerospace & Defense to Drive the Market8.2.2 Canada8.2.2.1 Parylene to Be the Fastest-Growing Conformal Coating8.2.3 Mexico8.2.3.1 PCB Demand From Automobile Manufactures to Drive the Demand8.3 APAC8.3.1 China8.3.1.1 Growing PCB Production to Drive the Market8.3.2 Taiwan8.3.2.1 Growing Investment in the Country to Drive the Market.8.3.3 Japan8.3.3.1 Global Economic & Trade Tensions are Likely to Affect the Market8.3.4 South Korea8.3.4.1 Growing Demand From Major Electronics Companies Will Drive the Consumption of Coatings8.3.5 Vietnam8.3.5.1 Increasing Fdi is Expected to Drive the Market8.3.6 India8.3.6.1 Increasingly Favorable Government Policies to Boost the Market During the Forecast Period8.3.7 Thailand8.3.7.1 Growing Demand for Data Storage Devices to Spur the Market8.3.8 Rest of APAC8.4 Europe8.4.1 Germany8.4.1.1 PCB Demand From EV Manufacturers to Drive the Market8.4.2 France8.4.2.1 Government Policies are Expected to Boost the Market8.4.3 Russia8.4.3.1 Conformal Coatings are Expected to have Slower Growth in the Country8.4.4 UK8.4.4.1 Growth of the Market is Expected to Be Slow Due Uncertainty of Brexit8.4.5 Rest of Europe8.5 RoW 9 Competitive Landscape9.1 Introduction9.2 Competitive Scenario9.2.1 Investment & Expansion9.2.2 Merger & Acquisition9.2.3 New Product Launch9.3 Market Share Analysis 10 Company Profiles 10.1 Henkel AG10.2 Illinois Tool Works10.3 Shin-Etsu Chemical Co. LTD.10.4 DOW10.5 H.B. Fuller10.6 Chase Corporation10.7 Electrolube10.8 Dymax Corporation10.9 MG Chemicals10.10 Specialty Coating Systems10.11 Others10.11.1 Altana AG10.11.2 CHT UK Bridgwater10.11.3 CSL Silicones Inc10.11.4 Europlasma NV10.11.5 Peters Group10.11.6 Conins Pune10.11.7 Industrialex Manufacturing10.11.8 AI Technologies Inc10.11.9 Master Bond Inc10.11.10 John C Dolph For more information about this report visit https://www.researchandmarkets.com/r/7zuj48 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: $1.26 Billion Worldwide Conformal Coating Industry to 2025 - Featuring H.B. Fuller, Chase & Electrolube Among Others