The global Automotive Conformal Coatings Market Size Was Worth USD 1.8 billion in 2020 and Is Projected to Grow to USD 3.68 Billion by 2030, at a CAGR of 8.7% Over The Forecast Period 2022to 2030.
Automotive Conformal Coatings: Introduction
The conformal coating can be described as a coating designed to safeguard electronic circuits from extreme humidity, fluctuating temperatures as well as a harsh environment that could contain airborne contaminants. This coating is made of polymer and has a 25-75 micron meter. Conformal coatings are crucial in the automotive industry and provide the needed combination of performance and dependability. There are a variety of coatings available, including epoxy resin, silicon resin, acrylic resin, urethane resin, and parylene.
The Global Automotive Conformal Coatings Market Overview:
The COVID-19 virus impacted the market in 2020 because of disruptions to the supply chain and the the closure of factories. In the aerospace sector, production was affected in the short run , as air travel was restricted all over the world. Every airline shut down a large portion of their aircraft and were delaying orders for new aircrafts.. Manufacturing of aircraft was also stopped due to complete lockdowns across regions like in North America and Europe, which are the major hubs for aircraft production.
The electronics sector also suffered an economic setback due to the pandemic. China is the top PCB manufacturer worldwide. However, the company Semiconductor Manufacturing International Corporation (SMIC), which is the leading producer of semiconductors and chips devices in China, could only make 14-nanometer chips and was lagging in the production of 5-nanometer chips that had a global demand. In the short term, one of the main drivers for the market is the rising demand from high-end applications that require conformal coating. The growing demand for medical devices across Asia-Pacific will further serve as an opportunity for the market.
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The Key Market Segmentation of the Global Automotive Conformal Coatings Market:
This Research Report Categorized The Global Automotive Conformal Coatings Market Based on Product, Component, Vehicle Type, Application, and Geographical Landscape.
By Material:
- Acrylic
- Silicone
- Urethane
- Parylene
- Epoxy
- Polyurethane
By Component:
- ECU
- PCB
- Sensors
- Battery Casing
- LED
- Infotainment System
By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Application:
- Automotive
- Aerospace and Defense
- Medical
- Consumer Electronics
- Other End-user Industries
By Geographical Landscape:
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Major Key Players in the Global Automotive Conformal Coatings Market Are:
- Altana Ag
- Chase Corporation
- Conins Pune
- CSL Silicones Inc
- Dymax Corporation
- CHT Group
- Dawn Tech
- The Dow Chemical Company
- Comelec SA
- Electrolube
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Frequently Asked Questions (FAQ):
1. Impact of COVID-19 on automotive conformal coatings market?
2. Which component will lead the automotive conformal coating market in the future, what impact will it have on Asia Pacific region?
3. What strategic initiatives are being implemented by the key players for business growth?
4. What opportunities and restrain and opportunity for the automotive conformal coatings supplier?
5. Who are leading players in automotive conformal coatings market?
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