The Electronics conformal coating market was valued at USD 1.70 Billion in 2014, and it is expected to reach USD 2.41 Billion by 2020, at a CAGR of 5.99% during the forecast period. The base year used for this study is 2014 and the forecast period considered is between 2015 and 2020. This report provides a detailed analysis of the market based on material types, equipment, methods, applications, and regions. The increasing use of automation and adding as well as enhancing features of the end products by Original Equipment Manufacturers (OEMs) has resulted in the increase usage of electronic components which is one of the major drivers for the market. Besides this the conformal coating helps manufacturers to provide end products with higher level of reliability by protecting the electronic components from moisture, chemicals, dirt, temperature extremes, and abrasion. This factor is also fueling the growth of the Electronics conformal coating market.

The research methodology used to estimate and forecast the Electronics conformal coating market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global conformal coating market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

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The conformal coating ecosystem comprises conformal coating material vendors such as Chase Corporation (U.S.), MG Chemicals Ltd. (Canada), DOW Corning Corporation (U.S.), and Chemtronics (U.S.); equipment providers such as Nordson Corporation (U.S.), and Precision Valve & Automation, Inc. (U.S.), and others who sell these products to end users to cater to their unique requirements; end users are from a wide range of applications sectors such as automotive electronics, consumer electronics, medical electronics, and aerospace & defense among others.

The study answers several questions for the target audiences, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments

The target audience:

Conformal coating material, and equipment providers

Electronic system designers and manufacturers

Research organizations and consulting companies

Associations, forums, and alliances related to conformal coating

Investors

Key players

Report Scope:

In this report, the Electronics conformal coating market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Market, by Material: acrylic, silicone, polyurethane/urethane, parylene, epoxy, and others.

Market, by Equipment: coating & dispensing systems, curing systems, and inspection systems

Market, by Method: brush coating, dipping, spray coating, selective coating, and vapor deposition

Market, by Application: automotive electronics, aerospace & defense, consumer electronics, medical electronics, and others.

Market, by Geography: North America (sub-segmented into the U.S., Canada, and Mexico), Europe (sub-segmented into the U.K., Germany, France, Spain, and others), Asia-Pacific (sub-segmented into China, Japan, South Korea, India, and others), and the Rest of the World (sub-segmented into South America and the Middle East and Africa)

Competitive Landscape: Market ranking analysis.

Company Profiles: Detailed analysis of the major companies present in the Electronics conformal coating market.

Available customizations:

With the given market data, MarketsandMarkets offers customizations as per a company�s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

The global Electronics conformal coating market size is estimated to grow from USD 1.70 Billion in 2014, and is expected to reach USD 2.41 Billion by 2020, at a CAGR of 5.99% between 2015 and 2020. The growth of this market is being propelled by the increasing usage of electronic components in the end products by OEMs, as well as ability of this coating to help manufacturers to provide end products with higher level of reliability.

The scope of this report covers the Electronics conformal coating market by material, equipment, method, application, and region. The leading conformal coating materials of the conformal coating material market are acrylic followed by silicone. The leading position of the acrylic conformal coating material can be attributed to the fact that among all the materials it is the easiest to re-work on the acrylic material. Besides this, acrylic material is also easy to apply, has low cost, takes less time to cure, and provides good resistance from chemical, moisture, and abrasion.

The Electronics conformal coating market for aerospace & defense application sector is expected to grow at a high CAGR during the forecast period. Companies in the this sector are using conformal coating to provide electrical, physical and mechanical protection to electronics such as radar/detection equipment, power systems, navigation systems, communication systems, and military vehicles.

The APAC region held the largest share of the conformal coating material market in 2014, and it is expected to grow at the highest growth rate during the forecast period. The rapid growth of the automotive industry in this region, in addition to the growth of consumer electronics, and aerospace & defense sectors has contributed to the growth of the conformal coating material in the APAC region.

One of the key restraining factors in the Electronics conformal coating market is the decrease in demand for electronic devices and equipment because of economic slowdown. The impact of this restraining factor would decrease with time as the economy in countries recession start to recover. The major players in the conformal coating market include Chase Corporation (U.S.), DOW Corning Corporation (U.S.), Electrolube (U.K.), Nordson Corporation (U.S.), Precision Valve & Automation, Inc. (U.S.), and others. These players adopted various strategies such as new product developments, acquisitions, and business expansion to cater to the needs of the conformal coating market.

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