Automotive Conformal Coatings Market

Industry Overview

The global Automotive Conformal Coatings Market is expected to grow at an annual rate of 10.2% from USD 1.7 billion in 2023 to USD 4.2 billion in 2030. The increasing use of automotive electronics in automobiles, as well as numerous technological advancements in conformal coating application methods, are propelling this market forward.

Conformal coating is a protective coating for electronic circuits that protects them from high humidity, fluctuating temperatures, and a harsh environment that may include airborne pollutants. A polymer film of 25-75 microns is used as the coating layer. Conformal coatings are critical in the automotive industry because they provide the requisite combination of high performance and reliability.

Segmentation

By EV Type

•    Battery Electric Vehicles (BEV)
•    Plug-in Hybrid Electric Vehicles (PHEV) / Hybrid Electric Vehicles (HEV)

Governments around the world are putting more emphasis on supporting and investing in BEVs as a result of stricter emission standards. This is expected to boost demand for BEVs by creating a favorable climate for their sales. Electric vehicles have more electronics installed than conventional vehicles, and the growing popularity of BEVs is expected to increase demand for conformal coatings to protect these critical components. These factors are expected to drive the BEV segment's market growth in the near future.

By Material

•    Acrylic
•    Silicone
•    Parylene
•    Epoxy
•    Polyurethane

Acrylic conformal coating is known for having a high dielectric strength as well as being moisture and abrasion-resistant. Compared to other conformal coating materials, this type of coating offers a primary level of protection at a low cost. Since these components are not exposed to high temperatures, it is commonly used for coating components within the vehicle cabin. Acrylic's dominance in the industry can be due to its lower cost than other available coatings and the fact that it does not need any special equipment to apply. Furthermore, it protects critical components against a wide range of contaminants.

By Region

•    North America
•    Asia Pacific
•    Europe
•    Rest of the World (RoW)

Because of massive expenditure in the electronics industry in China, Taiwan, South Korea, and Japan, Asia Pacific is expected to be the strongest growing regional market. Furthermore, India's rapid growth in the consumer electronics and automotive manufacturing industries is expected to fuel regional product demand.

Trends

The market is expected to expand due to increased demand and development of passenger cars, as well as recent legislation requiring the installation of airbags and stricter emission standards in countries such as China and India. Furthermore, standard features like reverse parking assist and airbags are expected to boost the use of PCBs, ECUs, and sensors in passenger vehicles. Furthermore, the increasing rate of LED installation in compact SUVs is expected to propel market growth. As a result, the demand for passenger car conformal coatings is projected to be driven by an increase in electronic components.

Global Automotive Conformal Coatings Market Report Coverage

Market Drivers

Because of the continuous miniaturization of electronics and associated circuitry over the last few years, the demand for conformal coating has skyrocketed. The choice of a suitable application method and coating form has become critical. Rising product demand from the consumer electronics sector to protect PCBs from moisture, dust, heat, and other harsh environmental factors is expected to propel the market forward in the coming years. Increased demand from end-use sectors such as automotive, electrical and electronics, medical, and semiconductors is a major factor driving the conformal coating market forward. Conformal coatings have made major inroads into the smartphone and domestic electronics sectors as a result of the rapidly intensifying consumer electronics market in most parts of the world.

Opportunity

Given the environments under which these vehicles work, protecting automotive electronics has become increasingly important over time. Conformal coating is needed in modern vehicles not only to protect vital components from harsh operating conditions but also to increase surface insulation resistance due to space constraints between tracks. New types of protective coatings are needed to withstand severe operating conditions. These coatings must be resistant to moisture and contaminants, as well as highly flexible in order to withstand thermal shock and temperature tolerance in order to withstand higher operating temperatures.

Challenges

The high cost of conformal coatings has a negative impact on demand. Conformal coating manufacturers are working hard to reduce production costs by introducing new technologies or lowering the cost of raw materials, given the high prices of these coatings. They're also looking to create coatings that will help them generate revenue from new application areas by increasing adoption. As a result, the automotive conformal coatings market's growth can be hampered by high prices and wide price variations depending on the material used for conformal coatings.

Competitive Insights

ALTANA (The specialty chemicals group) has acquired the Silberline Group. This US-based company specializes in manufacturing and developing effect pigments that are utilized in various applications from automotive coatings and printing inks to plastics, packaged consumer goods and protective coatings.

Fulgar (Italian synthetic yarn manufacturer) and CHT (textile chemical supplier) have partnered to reduce the impact of dyeing the latter’s ‘Q-Cycle’ recycled nylon yarns. The process being used is CHT’s BeSo Responsible treatment.

Key Players

•    Altana Ag
•    Chase Corporation
•    CHT Group
•    Comelec SA
•    Conins Pune
•    CSL Silicones Inc
•    Dawn Tech
•    Dow
•    Dymax
•    Electrolube
•    H.B. Fuller
•    Henkel
•    HZO
•    Para Tech Coating
•    Paratronix
•    Peters Group
•    Shin-Etsu Chemical
•    VSI Parylene (Vertical Solutions)

Recent News

•    Dow launched DOWSIL CC-820 UV and Moisture Dual-Core Conformal Coating in February 2020 at the IPC APEX EXPO 2020 in San Diego, California. For high throughputs, this is the first solventless silicone conformal coating with a moisture dual-core device.

•    At the IPC APEX EXPO in San Diego, California in January 2020, Electrolube introduced New UV Coatings, Resins, and Gap Fillers for the US market. Electrolube also introduced two new encapsulation resins. The new polyurethane resin, UR5645, is a rugged, two-part encapsulation system designed to protect electrical components in a variety of applications, including automotive.

•    H.B. Fuller founded H.B. Fuller Japan G.K. in March 2019. This move was made to support the company's engineering adhesive (EA) business in Japan. Electronics, transportation, renewable energy, aerospace, and medical industries are served by the company's EA division.

The Automotive Airbag Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• EV Type
  • Battery Electric Vehicles (BEV)
  • Plug-in Hybrid Electric Vehicles (PHEV) / Hybrid Electric Vehicles (HEV)
• Material
  • Acrylic
  • Silicone
  • Parylene
  • Epoxy
  • Polyurethane

Geographical Segmentation

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By EV Type
                1.2.2.    By Material
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By EV Type
                5.1.1.    Battery Electric Vehicle (BEV)
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2030
                5.1.2.    Plug-in Hybrid Electric Vehicles (PHEV) / Hybrid Electric Vehicles (HEV)
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2030

        5.2.    By Material
                5.2.1.    Acrylic
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2030
                5.2.2.    Silicone
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2030
                5.2.3.    Silicone
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2030
                5.2.4.    Parylene
                        5.2.4.1.    Market Definition
                        5.2.4.2.    Market Estimation and Forecast to 2030
                5.2.5.    Epoxy
                        5.2.5.1.    Market Definition
                        5.2.5.2.    Market Estimation and Forecast to 2030
                5.2.6.    Polyurethane
                        5.2.6.1.    Market Definition
                        5.2.6.2.    Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By EV Type 
        6.2.    By Material
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By EV Type 
        7.2.    By Material
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By EV Type
        8.2.    By Material
        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By EV Type
        9.2.    By Material
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Altana Ag
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Chase Corporation
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    CHT Group
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Comelec SA
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Conins Pune
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    CSL Silicones Inc
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Dawn Tech
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Dow
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Dymax
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Electrolube
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
        10.11.    H.B. Fuller
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments
        10.12.    Henkel
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments
        10.13.    HZO
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments
        10.14.    Para Tech Coating
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments
        10.15.    Paratronix
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
                10.15.5.    Recent Developments
        10.16.    Peters Group
                10.16.1.    Snapshot
                10.16.2.    Overview
                10.16.3.    Offerings
                10.16.4.    Financial Insight
                10.16.5.    Recent Developments
        10.17.    Shin – Etsu Chemical
                10.17.1.    Snapshot
                10.17.2.    Overview
                10.17.3.    Offerings
                10.17.4.    Financial Insight
                10.17.5.    Recent Developments
10.18.    VSI Parylene (Vertical Solutions)
                10.18.1.    Snapshot
                10.18.2.    Overview
                10.18.3.    Offerings
                10.18.4.    Financial Insight
                10.18.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Automotive Conformal Coatings Market Size, By EV Type, 2018 –2023 (USD Billion)
Table 5  Global Automotive Conformal Coatings Market Size, By EV Type, 2025–2030 (USD Billion)
Table 6  Global Automotive Conformal Coatings Market Size, By Material, 2018 –2023 (USD Billion)
Table 7  Global Automotive Conformal Coatings Market Size, By Material, 2025–2030 (USD Billion)
Table 8  Global Automotive Conformal Coatings Market Size, by Region, 2018 –2023 (USD Billion)
Table 9  Global Automotive Conformal Coatings Market Size, by Region, 2025–2030 (USD Billion)
Table 10 North America  Automotive Conformal Coatings Market Size, By EV Type, 2018 –2023 (USD Billion)
Table 11 North America  Automotive Conformal Coatings Market Size, By EV Type, 2025–2030 (USD Billion)
Table 12 North America  Automotive Conformal Coatings Market Size, By Material, 2018 –2023 (USD Billion)
Table 13 North America  Automotive Conformal Coatings Market Size, By Material, 2025–2030 (USD Billion)
Table 14 North America  Automotive Conformal Coatings Market Size, by Region, 2018 –2023 (USD Billion)
Table 15 North America  Automotive Conformal Coatings Market Size, by Region, 2025–2030 (USD Billion)
Table 16 Europe  Automotive Conformal Coatings Market Size, By EV Type, 2018 –2023 (USD Billion)
Table 17 Europe  Automotive Conformal Coatings Market Size, By EV Type, 2025–2030 (USD Billion)
Table 18 Europe  Automotive Conformal Coatings Market Size, By Material, 2018 –2023 (USD Billion)
Table 19 Europe  Automotive Conformal Coatings Market Size, By Material, 2025–2030 (USD Billion)
Table 20 Europe  Automotive Conformal Coatings Market Size, by Region, 2018 –2023 (USD Billion)
Table 21 Europe  Automotive Conformal Coatings Market Size, by Region, 2025–2030 (USD Billion)
Table 22 Asia-Pacific  Automotive Conformal Coatings Market Size, By EV Type, 2018 –2023 (USD Billion)
Table 23 Asia-Pacific  Automotive Conformal Coatings Market Size, By EV Type, 2025–2030 (USD Billion)
Table 24 Asia-Pacific  Automotive Conformal Coatings Market Size, By Material, 2018 –2023 (USD Billion)
Table 25 Asia-Pacific  Automotive Conformal Coatings Market Size, By Material, 2025–2030 (USD Billion)
Table 26 Asia-Pacific  Automotive Conformal Coatings Market Size, by Region, 2018 –2023 (USD Billion)
Table 27 Asia-Pacific  Automotive Conformal Coatings Market Size, by Region, 2025–2030 (USD Billion)
Table 28 RoW  Automotive Conformal Coatings Market Size, By EV Type, 2018 –2023 (USD Billion)
Table 29 RoW  Automotive Conformal Coatings Market Size, By EV Type, 2025–2030 (USD Billion)
Table 30 RoW  Automotive Conformal Coatings Market Size, By Material, 2018 –2023 (USD Billion)
Table 31 RoW  Automotive Conformal Coatings Market Size, By Material, 2025–2030 (USD Billion)
Table 32 RoW  Automotive Conformal Coatings Market Size, by Region, 2018 –2023 (USD Billion)
Table 33 RoW  Automotive Conformal Coatings Market Size, by Region, 2025–2030 (USD Billion)
Table 34 Snapshot – Altana Ag
Table 35 Snapshot – Chase Corporation
Table 36 Snapshot – CHT Group
Table 37 Snapshot – Comelec SA
Table 38 Snapshot – Conins Pune
Table 39 Snapshot – CSL Silicones Inc 
Table 40 Snapshot – Dawn Tech
Table 41 Snapshot – Dow Airbus
Table 42 Snapshot – Dymax 
Table 43 Snapshot – Electrolube
Table 44 Snapshot – H.B. Fuller
Table 45 Snapshot – Henkel
Table 46 Snapshot – HZO
Table 47 Snapshot – Para Tech Coating
Table 48 Snapshot – Paratronix
Table 49 Snapshot – Peters Group
Table 50 Snapshot – Shin- Etsu Chemical
Table 51 Snapshot – VSI Parylene (Vertical Solutions)

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Automotive Conformal Coatings Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Automotive Conformal Coatings Market Highlight
Figure 12 Global Automotive Conformal Coatings Market Size, By EV Type, 2018 - 2030 (USD Billion)
Figure 13 Global Automotive Conformal Coatings Market Size, By Material, 2018 - 2030 (USD Billion)
Figure 14 Global Automotive Conformal Coatings Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Automotive Engine Management Market Highlight
Figure 16 North America  Automotive Conformal Coatings Market Size, By EV Type, 2018 - 2030 (USD Billion)
Figure 17 North America  Automotive Conformal Coatings Market Size, By Material, 2018 - 2030 (USD Billion)
Figure 18 North America  Automotive Conformal Coatings Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Automotive Conformal Coatings Market Highlight
Figure 20 Europe  Automotive Conformal Coatings Market Size, By EV Type, 2018 - 2030 (USD Billion)
Figure 21 Europe  Automotive Conformal Coatings Market Size, By Material, 2018 - 2030 (USD Billion)
Figure 22 Europe  Automotive Conformal Coatings Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Automotive Conformal Coatings Market Highlight
Figure 24 Asia-Pacific  Automotive Conformal Coatings Market Size, By EV Type, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific  Automotive Conformal Coatings Market Size, By Material, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific  Automotive Conformal Coatings Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Automotive Conformal Coatings Market Highlight
Figure 28 RoW  Automotive Conformal Coatings Market Size, By EV Type, 2018 - 2030 (USD Billion)
Figure 29 RoW  Automotive Conformal Coatings Market Size, By Material, 2018 - 2030 (USD Billion)
Figure 30 RoW  Automotive Conformal Coatings Market Size, by Region, 2018 - 2030 (USD Billion)