Global Automotive Conformal Coatings Market, By Material (Acrylic, Silicone, Parylene, Epoxy, Polyurethane), Component (ECU, PCB, Sensors, Battery Casing, LED, Infotainment System), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), EV Type (BEV, PHEV/HEV), Application Method (Brush Coating, Dipping, Spray Coating, Selective Coating, Vapor Deposition), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Automotive Conformal Coatings Market
Automotive conformal coatings market will reach at an estimated value of USD 5.75 billion by 2028 and grow at a rate of 9.15% in the forecast period 2021 to 2028. Rise base of the PCB manufacturing driving the demand for conformal coatings acts as the vital factor escalating the demand for automotive conformal coatings market in the forecast period of 2021- 2028.
Conformal coating is defined as a protective dielectric layer applied on PCBs assembly to protect them from moisture, dust, spray, salt spray, fungus, and corrosion caused by harsh environments. Rise in the demand from high-end applications requiring conformal coating is a vital factor escalating the market growth.
Rise in the large-scale demand for conformal coating from the automotive industry is the major driver escalating the market growth, also rise in the adoption by the telecommunication industry and increase in the usage in substrate-like PCB (SLP) are the major factors among others driving the automotive conformal coatings market growth. Moreover, rise in the technological advancements in end-use industries and increase in the demand for medical equipment due to COVID-19 outbreak will further create new opportunities for the automotive conformal coatings market manufacturers in the forecast period of 2021 to 2028.
However, rise in the miniaturization of PCBs affecting the usage of conformal coatings and impact of COVID on end-use industries of PCBs acts as the major factor acting as restraints, and will further challenge the growth of automotive conformal coatings market in the forecast period.
This automotive conformal coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive conformal coatings market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Conformal Coatings Market Scope and Market Size
Automotive conformal coatings market is segmented on the basis of material, component, vehicle type, EV type and application method. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of material, automotive conformal coatings market is segmented into acrylic, silicone, parylene, epoxy and polyurethane.
- Based on component, the automotive conformal coatings market is segmented into ECU, PCB, sensors, battery casing, LED and infotainment system.
- Based on vehicle type, the automotive conformal coatings market is segmented into passenger car, light commercial vehicle and heavy commercial vehicle.
- Based on EV type, the automotive conformal coatings market is segmented into BEV and PHEV/HEV.
- Based on application method, the automotive conformal coatings market is segmented into brush coating, dipping, spray coating, selective coating and vapour deposition.
Automotive Conformal Coatings Market Country Level Analysis
Automotive conformal coatings market is analyses and market size, volume information is provided by country, material, component, vehicle type, EV type and application method as referenced above.
The countries covered in automotive conformal coatings market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
Asia-Pacific dominates the automotive conformal coatings market due to increase in the government focus on mandating safety and increasing demand for comfort features in this region.
The country section of the automotive conformal coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Automotive Conformal Coatings Market Share Analysis
Automotive conformal coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive conformal coatings market.
The major players covered in the automotive conformal coatings market report are Altana, Chase Corp, CHT Group, Comelec SA, Conins Pune, CSL Silicones Inc., Dawn Tech, Dow, Dymax, Electrolube, H.B. Fuller Company, Henkel, HZO, Para Tech Coating, Paratronix, Peters Group, Shin-Etsu Chemical and Vertical Solutions, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.