Global Markets for Conformal Coatings in Electronics
January 10, 2017 | PRNewswireEstimated reading time: 1 minute
The global market for conformal coating materials, equipment and spares will grow from $10.2 billion in 2016 to nearly $14.2 billion by 2021, with a compound annual growth rate (CAGR) of 6.8% for the period of 2016-2021, according to a new report by BCC Research. The conformal coating equipment and spares market will grow from $7.9 billion in 2016 to nearly $11.1 billion by 2021, with a CAGR of 6.9%, while the conformal coating materials market is expected to increase from nearly $2.3 billion in 2016 to $3.1 billion by 2021, with a CAGR of 6.2%.
This report is an update of an earlier BCC Research report published in 2014. The report studies and highlights the role of conformal coatings in providing protection to electronic products; explains the technology, development, production and methods of application of these coatings; discusses the equipment involved in the coating process; and provides a market overview that analyzes major market trends both by region and application sector. In addition, the report studies in detail new developments in the conformal coatings industry regarding continuous improvements in environmental performance. The report analyzes both the market for conformal coating products and the market for the technologies involved, including various emerging technologies and new products produced using these technologies. It also analyzes the various applications of conformal coatings and their markets, with a special emphasis on the new products being developed. Along with the development of new products, research and development (R&D) is taking coating technologies to new heights. The report examines these developments as well as the new applications emerging from these new technologies.
Customers are driving increased demand for conformal coatings and relevant coating equipment, and there are huge expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality and environmental properties. The above expectations require special attention from manufacturers to ensure that products meet expected standards and the market remains buoyant. This report pinpoints the need for industry?s commitment to continuous improvement in environmental performance and predicts a future in which the functionality of conformal coatings will be enhanced and transformed from conventional areas of protection and aesthetics to meet additional, more specific demands.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.