Automotive Conformal Coatings Market

Conformal coating refers to a protective coating that matches the surface of assembled printed circuit boards and electronic components. This coating can protect the user from moisture, dust and corrosion that may be caused by extreme environmental conditions and improves assembly service life. The resulting coating can be applied to the surface of the assembled circuit board manually or by a robot and forms a polymer film with a thickness of 25-100 µm. It provides the greatest degree of protection for electronic circuits from the corrosive environment such as moisture, dust, chemical pollutants, salt, Fog etc. Due to electrical isolation, it can maintain and ensure the reliability of electronic equipment for a long time.

COVID-19 Impact Analysis

• At the beginning of 2020, the COVID-19 pandemic began to spread around the world. Millions of people worldwide are infected with the COVID-19 disease. The major economies in the world have issued permanent bans and orders to stop operations. Most life support industries have been hit hard, and the automotive conformal coatings industry has also been hit hard.
• Due to the lockdown in major parts of the world, the manufacturing unit faced lack of manpower for production work.
• As a result of the global economic slowdown caused by the pandemic, the supply chain got disrupted due to which specialized equipment market got a diverse affect. Hence, production of Automobiles got stopped due to which there is huge decline in the automotive conformal coatings market.

Top Impacting Factors 

• Improvements in lifestyle and economic conditions have changed consumer preferences around the world. In recent years, the demand for automotive safety and comfort functions has been increasing with time which can be a driving force for the automotive conformal coatings market.
• High measures need to be taken while selecting the automotive conformal coatings as it should not react with the component as some of the automotive conformal coatings require complex techniques to apply as well have high costly to repairment which can be a restraint for the market.
• The high price has a negative impact on the demand for molding coatings. Due to the high prices of these coatings, manufacturers of conformal coatings try to minimize production costs by introducing new technologies or raw material costs.
• With advancements in technology, the Automotive Conformal coating has also undergone many changes. Special materials like parylene are now being used via chemical vapor deposition in a slow and controlled method in order to ensures no loss in material thickness at the edges of the components. This can attract lots of opportunities and overpower all substitute in the market and make a significant market growth.

Market Trends

• In February 2020, Dow launched DOWSIL CC820 UV and Moisture Dual-Core conformal coatings at the IPC APEX EXPO 2020. It is the first solvent-free dual-core silicone protective coating with excellent performance.
• In January 2020, Electrolube launched new UV space coatings, resins and fillers for the U.S. at the IPC APEX EXPO. Two new Electrolube encapsulating resins have also been introduced. The sealing system is designed to protect electrical components and is ideal for various applications including automotive and marine environments.
• In October 2019, Electrolube demonstrated a new generation of Ultra-Violet Conformal coatings at Productronica in Munich. The new coating faces the requirements of electronics, LED and car manufacturers.

Key Benefits of the Report

• This study presents the analytical depiction of the Automotive Conformal Coatings industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Automotive Conformal Coatings market share.
• The current market is quantitatively analyzed to highlight the Automotive Conformal Coatings market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed Automotive Conformal Coatings market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Automotive Conformal Coatings Report

• Who are the leading market players active in the Automotive Conformal Coatings market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
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 Automotive Conformal Coatings Market Report Highlights