Global Automotive Conformal Coatings Market is accounted for $1.66 billion in 2019 and is expected to reach $3.73 billion by 2027 growing at a CAGR of 10.7% during the forecast period. The growing popularity of electric vehicles and the increasing adoption of electronics in vehicles are some of the major factors driving the market growth.
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By geography, Asia Pacific is expected to grow at a faster rate as it is the largest vehicle producer across the globe, with increasing government focus on mandating safety and increasing demand for comfort features. This leads to the growing number of ECUs, PCBs, sensors, and LEDs in vehicles. The high growth rate of these components is expected to attract new investments and expansions from regional and global conformal coating suppliers to cater to this increase in demand.
Some of the key players in Automotive Conformal Coatings Market include Aalpha Conformal Coatings, ACC Silicones, ACLALTANA, Chase Corporation, Conins Pune, Creative Materials, CSL Silicones, Dymax, Electrolube, H.B. Fuller, Henkel, Illinois Tool Works, Shin-Etsu Chemical and The Dow Chemical Company.
Materials Covered in Automotive Conformal Coatings Market
• Acrylic
• Epoxy
• Parylene
• Polyurethane
• Silicone
Components Covered:
• Battery Casing
• Electronic Control Unit (ECU)
• Infotainment System
• Light-Emitting Diode (LED)
• Printed Circuit Board (PCB)
• Sensors
Vehicles Types Covered:
• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
Electrics Vehicles Covered:
• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle/Hybrid Electric Vehicle (PHEV/HEV)
Application Methods Covered:
• Brush Coating
• Dipping
• Selective Coating
• Spray Coating
• Vapor Deposition
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