Automotive Conformal Coatings Market
Automotive Conformal Coatings Market Forecasts to 2030 - Global Analysis By Product (Paraxylene, Silicone, Urethane, Epoxy, Acrylic and Other Products), Component, Vehicle Type, Electric Vehicle Type, Application, End User and By Geography
According to Stratistics MRC, the Global Automotive Conformal Coatings Market is accounted for $2.44 billion in 2023 and is expected to reach $4.97 billion by 2030 growing at a CAGR of 10.7% during the forecast period. Automotive conformal coatings shield electronic components from environmental hazards like moisture, dust, and chemicals, enhancing reliability and longevity. These thin protective layers are typically applied via spraying, dipping, or brushing methods, conforming precisely to the contours of circuit boards. Silicone, acrylic, and polyurethane coatings are commonly used, each offering unique properties such as flexibility, insulation, and temperature resistance. Their application ensures automotive electronics endure harsh conditions, preventing corrosion, electrical shorts, and malfunctions.
According to Dymax, one of the conformal coating manufacturers, the use of PCBs is expected to increase with the rising adoption of EVs, hybrid, and autonomous vehicles, as they are expected to be loaded with more electronic components.
Market Dynamics:
Driver:
Increasing use of electronics in modern vehicles
The evolution of electronics and automotive technologies introduces new challenges and opportunities for conformal coatings. For example, the trend towards autonomous and electric vehicles requires coatings that can withstand higher temperatures and provide enhanced protection against electrical conductivity. Similarly, advancements in nanotechnology and self-healing materials offer potential for next-generation conformal coatings with improved durability and functionality.
Restraint:
Miniaturization challenges
Miniaturization often results in electronic components being located in hard-to-reach areas within the vehicle assembly. This poses challenges for applying conformal coatings uniformly and effectively. Limited accessibility may compromise the quality of coating application, leaving certain components vulnerable to environmental damage. Moreover, servicing and maintenance of coated components become more difficult, potentially increasing repair costs and downtime.
Opportunity:
Rise in electrification of vehicles
The unique operating conditions of electric vehicles, such as high voltages, elevated temperatures, and exposure to corrosive substances, necessitate specialized conformal coatings. These coatings must provide enhanced protection against electrical conductivity, thermal management, and chemical resistance compared to coatings used in traditional internal combustion engine vehicles. As a result, the electrification trend drives the development of advanced coatings tailored to the specific needs of EV applications.
Threat:
Rework and repair issues
Rework and repair activities disrupt production schedules and result in downtime for manufacturing facilities. When conformal coating defects are identified during assembly or quality testing, affected components or vehicles may need to be removed from the production line for rework or repair. This downtime can lead to delays in vehicle deliveries, negatively impacting customer satisfaction and potentially resulting in financial penalties for missed deadlines.
Covid-19 Impact
Supply chain disruptions and workforce limitations further constrained market activity. However, as the industry recovered, the emphasis on vehicle electrification and connectivity accelerated, driving demand for conformal coatings to protect electronic components. Additionally, heightened focus on hygiene and cleanliness increased demand for antimicrobial coatings in vehicle interiors. Despite short-term setbacks, the long-term trajectory of the automotive conformal coatings market remains positive, fueled by technological advancements and sustainability initiatives in the automotive sector.
The paraxylene segment is expected to be the largest during the forecast period
The paraxylene segment is estimated to have a lucrative growth, owing to paraxylene availability and pricing can affect the cost of producing polyester resins used in automotive coatings. Fluctuations in paraxylene prices due to market dynamics, geopolitical factors, or supply chain disruptions can influence the overall cost structure of automotive conformal coatings. Manufacturers may adjust pricing or seek alternative raw materials to mitigate cost fluctuations and maintain competitiveness.
The infotainment system segment is expected to have the highest CAGR during the forecast period
The infotainment system segment is anticipated to witness the highest CAGR growth during the forecast period, conformal coatings play a crucial role in safeguarding infotainment system components from environmental hazards encountered in automotive environments. By providing a protective barrier against moisture ingress, dust contamination, and chemical exposure, conformal coatings help prevent malfunctions, corrosion, and premature failure of infotainment system electronics.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to countries like China, Japan, South Korea, and India, is a global hub for automotive manufacturing. The growing demand for vehicles, fueled by rising disposable incomes, urbanization, and infrastructure development, drives significant growth in automotive production. As a result, there is a corresponding increase in the demand for automotive conformal coatings to protect electronic components used in vehicles.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, because North America is home to a well-established and technologically advanced automotive industry, with major manufacturers headquartered in the United States, Canada, and Mexico. The region produces a wide range of vehicles, including passenger cars, trucks, SUVs, and commercial vehicles, each incorporating electronic components that require protection from environmental factors.
Key players in the market
Some of the key players in the Automotive Conformal Coatings Market include Altana Ag, Chase Corporation, CHT Group, Comelec SA, ConinsPune, CSLSilicones Inc, Dawn Tech, Dymax, Electrolube, H.B. Fuller, Henkel AG & Company, Illinois Tool Work, MG Chemical, Plasma Ruggedized Solutions, Shin-Etsu Chemical, Specialty Coating System and VSI Parylene
Key Developments:
In January 2024, Plasma Ruggedized Solutions Announced the Addition of a Close Tolerance High Performance Parylene System. This close tolerance high performance system features continuous process monitoring, closed-loop monomer pressure control and precise deposition rate and thickness.
In February 2024, ELANTAS Announces Major Investment to Transform Von Roll Site in Breitenbach into the World’s Leading Sustainable Technology Hub for High Voltage Insulation Materials. The investment underscores a long-term commitment to the site, focusing initially on the relocation of the Von Roll Institute.
In November 2023, Chase Corporation Announces Completion of Acquisition by KKR and Welcomes Lance Reisman as Chairman of the Board of Directors. As a result of the completion of the transaction, Chase common stock has ceased trading and will no longer be listed on the NYSE American.
Products Covered:
• Paraxylene
• Silicone
• Urethane
• Epoxy
• Acrylic
• Other Products
Components Covered:
• Engine Control Unit
• Printed Circuit Board
• Sensors
• Battery Casing
• Light-Emitting Diode
• Infotainment System
• Other Components
Vehicle Types Covered:
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Car
• Other Vehicle Types
Electric Vehicle Types Covered:
• Battery Electric Vehicle
• Plug-In Hybrid Electric Vehicle (PHEV)/Hybrid Electric Vehicle
Applications Covered:
• Dipping
• Brush Coating
• Spray Coating
• Selective Coating
• Vapor Deposition
• Other Applications
End Users Covered:
• Automotive Component Manufacturers
• Automotive Original Equipment Manufacturers (OEMs)
• Aftermarket
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Conformal Coatings Market, By Product
5.1 Introduction
5.2 Paraxylene
5.3 Silicone
5.4 Urethane
5.5 Epoxy
5.6 Acrylic
5.7 Other Products
6 Global Automotive Conformal Coatings Market, By Component
6.1 Introduction
6.2 Engine Control Unit
6.3 Printed Circuit Board
6.4 Sensors
6.5 Battery Casing
6.6 Light-Emitting Diode
6.7 Infotainment System
6.8 Other Components
7 Global Automotive Conformal Coatings Market, By Vehicle Type
7.1 Introduction
7.2 Light Commercial Vehicle
7.3 Heavy Commercial Vehicle
7.4 Passenger Car
7.5 Other Vehicle Types
8 Global Automotive Conformal Coatings Market, By Electric Vehicle Type
8.1 Introduction
8.2 Battery Electric Vehicle
8.3 Plug-In Hybrid Electric Vehicle (PHEV)/Hybrid Electric Vehicle
9 Global Automotive Conformal Coatings Market, By Application
9.1 Introduction
9.2 Dipping
9.3 Brush Coating
9.4 Spray Coating
9.5 Selective Coating
9.6 Vapor Deposition
9.7 Other Applications
10 Global Automotive Conformal Coatings Market, By End User
10.1 Introduction
10.2 Automotive Component Manufacturers
10.3 Automotive Original Equipment Manufacturers (OEMs)
10.4 Aftermarket
10.5 Other End Users
11 Global Automotive Conformal Coatings Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Altana Ag
13.2 Chase Corporation
13.3 CHT Group
13.4 Comelec SA
13.5 ConinsPune
13.6 CSLSilicones Inc
13.7 Dawn Tech
13.8 Dymax
13.9 Electrolube
13.10 H.B. Fuller
13.11 Henkel AG & Company
13.12 Illinois Tool Work
13.13 MG Chemical
13.14 Plasma Ruggedized Solutions
13.15 Shin-Etsu Chemical
13.16 Specialty Coating System
13.17 VSI Parylene
List of Tables
1 Global Automotive Conformal Coatings Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Conformal Coatings Market Outlook, By Product (2021-2030) ($MN)
3 Global Automotive Conformal Coatings Market Outlook, By Paraxylene (2021-2030) ($MN)
4 Global Automotive Conformal Coatings Market Outlook, By Silicone (2021-2030) ($MN)
5 Global Automotive Conformal Coatings Market Outlook, By Urethane (2021-2030) ($MN)
6 Global Automotive Conformal Coatings Market Outlook, By Epoxy (2021-2030) ($MN)
7 Global Automotive Conformal Coatings Market Outlook, By Acrylic (2021-2030) ($MN)
8 Global Automotive Conformal Coatings Market Outlook, By Other Products (2021-2030) ($MN)
9 Global Automotive Conformal Coatings Market Outlook, By Component (2021-2030) ($MN)
10 Global Automotive Conformal Coatings Market Outlook, By Engine Control Unit (2021-2030) ($MN)
11 Global Automotive Conformal Coatings Market Outlook, By Printed Circuit Board (2021-2030) ($MN)
12 Global Automotive Conformal Coatings Market Outlook, By Sensors (2021-2030) ($MN)
13 Global Automotive Conformal Coatings Market Outlook, By Battery Casing (2021-2030) ($MN)
14 Global Automotive Conformal Coatings Market Outlook, By Light-Emitting Diode (2021-2030) ($MN)
15 Global Automotive Conformal Coatings Market Outlook, By Infotainment System (2021-2030) ($MN)
16 Global Automotive Conformal Coatings Market Outlook, By Other Components (2021-2030) ($MN)
17 Global Automotive Conformal Coatings Market Outlook, By Vehicle Type (2021-2030) ($MN)
18 Global Automotive Conformal Coatings Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
19 Global Automotive Conformal Coatings Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
20 Global Automotive Conformal Coatings Market Outlook, By Passenger Car (2021-2030) ($MN)
21 Global Automotive Conformal Coatings Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
22 Global Automotive Conformal Coatings Market Outlook, By Electric Vehicle Type (2021-2030) ($MN)
23 Global Automotive Conformal Coatings Market Outlook, By Battery Electric Vehicle (2021-2030) ($MN)
24 Global Automotive Conformal Coatings Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV)/Hybrid Electric Vehicle (2021-2030) ($MN)
25 Global Automotive Conformal Coatings Market Outlook, By Application (2021-2030) ($MN)
26 Global Automotive Conformal Coatings Market Outlook, By Dipping (2021-2030) ($MN)
27 Global Automotive Conformal Coatings Market Outlook, By Brush Coating (2021-2030) ($MN)
28 Global Automotive Conformal Coatings Market Outlook, By Spray Coating (2021-2030) ($MN)
29 Global Automotive Conformal Coatings Market Outlook, By Selective Coating (2021-2030) ($MN)
30 Global Automotive Conformal Coatings Market Outlook, By Vapor Deposition (2021-2030) ($MN)
31 Global Automotive Conformal Coatings Market Outlook, By Other Applications (2021-2030) ($MN)
32 Global Automotive Conformal Coatings Market Outlook, By End User (2021-2030) ($MN)
33 Global Automotive Conformal Coatings Market Outlook, By Automotive Component Manufacturers (2021-2030) ($MN)
34 Global Automotive Conformal Coatings Market Outlook, By Automotive Original Equipment Manufacturers (OEMs) (2021-2030) ($MN)
35 Global Automotive Conformal Coatings Market Outlook, By Aftermarket (2021-2030) ($MN)
36 Global Automotive Conformal Coatings Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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