Top 12 Conformal Coating Companies, Worldwide 2024

Contenders

Market Leaders

Emerging Companies

Innovators

Shin-Etsu Chemical

Emerald Coatings

Henkel

H.B. Fuller

Dymax

Dow

ITW

Electrolube

Chase

ACL Staticide

SCH Technologies

MG Chemicals

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Nov 21, 2024

The Conformal Coating Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Conformal Coatings. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 40 companies of which the Top 12 Conformal Coating Companies were categorized and recognized as the quadrant leaders.

Conformal coatings are thin protective layers applied to electronic components and circuit boards (often printed circuit boards) to protect them from environmental elements such as moisture, dust, chemicals, and temperature variations. These coatings provide a barrier without changing the component's shape or functionality since they closely adhere to the surface. Several types of conformal coatings are available based on the materials used in their manufacturing. These types include silicone, acrylic, epoxy, urethane, perylene, and others. These coatings find applications in automotive & transportation, consumer electronics, industrial, aerospace & defense, telecommunication and other end-use industries.

The 360 Quadrant maps the Conformal Coating companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the Conformal Coatings’ quadrant. While the top criteria for product footprint evaluation included Type (Silicone, Acrylic, Epoxy, Urethane, Parylene, Others), End-use Industry (Automotive, Consumer Electronics, Aerospace & Defense, Industrial, Telecommunication, Others).

Key trends highlighted in 360 Quadrants:

The global conformal coatings market has promising growth prospects in the coming years. With conformal coatings forecast to reach USD 1.8 billion by 2028, up from USD 1.4 billion in 2023, the market looks set to expand at a healthy 5.3% CAGR. Key drivers include rising demand from end-use industries like consumer electronics, aerospace and defense, automotive, and telecommunications. Conformal coatings enhance reliability and lifespan of electronic devices. With electronics becoming more ubiquitous and safety-critical across industries, conformal coatings will play an important role. Segmentation by coating type, acrylic, epoxy, silicone, urethane, parylene etc., allows conformal coating companies to select optimal materials. Continued innovation and new product development will further propel market growth. The positive outlook stems from conformal coatings' effectiveness in protecting vital electronics from moisture, dust, chemicals and other threats.
The silicone segment is experiencing strong growth in the conformal coatings market owing to the unmatched versatility and advantages of silicone-based coatings. It was observed that based on the type, the silicone segment is projected to record the highest CAGR of nearly 6% in terms of value over the forecast period, followed by the acrylic, and parylene segments. Silicone coatings' ability to closely conform to intricate geometries enables comprehensive, uniform shielding from moisture, dust, chemicals, and temperature shifts. Moreover, their outstanding thermal stability provides resilience against extreme temperature fluctuations. These performance attributes explain silicone coatings' rising utilization to safeguard electronics and components. With their combination of conformability, resilience, and reliability, silicone conformal coatings are poised for robust demand growth supported by their effectiveness in diverse, demanding use cases.
In 2023, the telecommunication sector is projected to register the highest CAGR of nearly 7% in terms of value over the forecast period, followed by the automotive sector. The automotive sector is driving substantial growth for conformal coatings as vehicles incorporate more advanced, integral electronics requiring durable protection from harsh conditions. In 2023, the automotive sector accounted for nearly 34% of the conformal coating market. As automakers prioritize vehicle reliability and safety, conformal coatings adoption will surge to enhance longevity and performance of automotive electronics. With vehicles becoming more sophisticated, conformal coatings provide a vital safeguard allowing sophisticated electronics to withstand demanding automotive environments, thereby creating a multitude of opportunities for the conformal coating companies.
The conformal coatings market in Asia Pacific is experiencing robust growth owing to the region's position as a major electronics manufacturing hub and rapid industrialization, which are driving demand for protective coatings on electronic components. In 2023, the region accounted for 90% of the global conformal coating market. Additional key growth factors include the flourishing automotive sector, expansion of telecommunication networks and renewable energy systems, and advancing technology elevating the need for tailored conformal coatings. However, conformal coating companies face challenges navigating complex regulatory frameworks and ensuring sustainable formulations. Still, with a thriving electronics industry and growing awareness of the need for protection, the Asia Pacific conformal coatings market presents significant growth opportunities for conformal coating companies able to adapt to changing industry dynamics while maintaining adherence to environmental regulations.
The conformal coatings market is consolidated with the top conformal coating companies accounting for a significant share of the global market. Key leaders include Henkel (Germany), Illinois Tool Works (ITW) (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corp (US), MG Chemical (Canada). These established companies are focused on strategies like expanding production capacity and new product development to extend their global footprint and diversify product portfolios. The expansion initiatives aim to bolster the production capacity of various silicone fluids, resins, monomers, intermediates, and rubber end products, positioning these players for sustained growth and market leadership. The leading conformal coating companies are therefore leveraging their scale, resources, and expertise to maintain dominance in the conformal coatings market through strategic investments and acquisitions. In March 2023, Shin-Etsu Chemical Co., Ltd. unveiled a novel silicone rubber for molding, specifically designed as an ideal insulation covering material for high-voltage cables utilized in automotive applications (designated as the "KE-5641-U"). In August 2023, Henkel introduced the Loctite Xplore e-learning platform, incorporating insights derived from its 650 assembly and maintenance experts worldwide.
As technological advancements continue to evolve, encompassing key developments like 5G, electric vehicles (EVs), autonomous vehicles, Internet of Things (IoT), System-Level Packages (SLPs), and digitalization, there is a transformative trend in the development of intricate and robust Printed Circuit Boards (PCBs). The increasing complexity and importance of safeguarding these PCBs against frequent replacements become crucial in ensuring the reliability and longevity of electronic devices. For instance, wearable electronics with features like waterproofing and moisture resistance demand effective PCB protection. This evolving landscape creates significant opportunities for conformal coating companies across diverse industries such as automotive & transportation, consumer electronics, industrial, aerospace & defense, telecommunication, and others.
In parallel with technological advancements, the demand for high-speed, high-frequency, high-density, and high-capacity PCBs is experiencing rapid growth, particularly in applications like battery management within the automotive sector, where these PCBs often operate under high temperatures. The confluence of these factors highlights the increasing significance of utilizing conformal coatings for these advanced and critical PCBs, presenting a lucrative market for conformal coating companies.

The Full List

Company	Headquarters	Year Founded	Holding Type
ACL Staticide	Chicago, USA	1969	Private
Chase	Westwood, USA	1946	Public
Dow	Midland, USA	1897	Public
Dymax	Torrington, USA	1980	Private
Electrolube	Ashby-de-la-Zouch, England	1941	Private
Emerald Coatings	Palmerston, Canada	2017	Private
H.B. Fuller	Saint Paul, USA	1887	Public
Henkel	Düsseldorf, Germany	1876	Public
ITW	Glenview, USA	1912	Public
MG Chemicals	Burlington, Canada	1955	Private
SCH Technologies	Cincinnati, USA	2000	Private
Shin-Etsu Chemical	Tokyo, Japan	1926	Public

Frequently Asked Questions (FAQs)

What materials are used in conformal coating?

Common conformal coating types include acrylics, silicones, urethanes, and epoxies. Each type has its own set of characteristics and is chosen based on the specific requirements of the application.

Is conformal coating waterproof?

Conformal coatings provide a level of waterproofing by creating a protective barrier against moisture, preventing it from reaching electronic components. While they significantly enhance water resistance, it's essential to note that conformal coatings may not make a system entirely waterproof. Factors such as the type of coating, application method, and environmental conditions influence their effectiveness. Regular assessment and proper coating selection are crucial for ensuring sustained protection against moisture and other environmental contaminants in electronic assemblies.

Does PCB need conformal coating?

Applying a conformal coating to a PCB (Printed Circuit Board) is often recommended for increased reliability and longevity. Conformal coatings protect PCBs from environmental elements like moisture, dust, chemicals, and temperature fluctuations, minimizing the risk of corrosion and electrical failures. The necessity depends on the PCB's application and the environment it operates in. High-humidity, corrosive, or challenging conditions make conformal coating essential, while in controlled environments, it may be optional. Ultimately, the decision considers the specific requirements of the application and the potential impact of environmental factors on the PCB's performance and lifespan.

What is the difference between conformal and non conformal coating?

The primary distinction between conformal and non-conformal coatings lies in their application approach. Conformal coatings, as the name suggests, adhere precisely to the contours of electronic components, providing a protective layer that conforms to the shape of the substrate. In contrast, non-conformal coatings, like potting compounds or encapsulants, create a uniform protective layer regardless of the underlying component shapes. Conformal coatings allow for easier rework and repair, while non-conformal coatings provide a more robust, complete encapsulation. The choice depends on the specific needs of the electronic assembly, including factors like flexibility, ease of application, and repairability.

How thick is conformal coating?

Conformal coating thickness varies based on the application method and the specific coating material. Typically, the coating thickness ranges from 25 to 75 microns (1 to 3 mils). However, some applications may require thicker coatings, up to 200 microns (8 mils), for enhanced protection. The coating thickness is crucial to strike a balance between providing adequate protection and avoiding issues such as uneven coating, dripping, or interference with component functionality. Manufacturers follow industry standards and guidelines to ensure optimal thickness for the intended level of protection in diverse electronic environments.

What are the methods of conformal coating?

Conformal coatings can be applied using various methods, including spraying, brushing, dipping, and selective coating. Spraying involves using an aerosol spray or a controlled spray system for even coverage. Brushing applies the coating manually with a brush, suitable for smaller-scale applications. Dipping immerses the entire PCB or component into a liquid coating, ensuring complete coverage. Selective coating uses a robotic system to apply coating only to specific areas, providing precision and control. The method chosen depends on factors like the complexity of the assembly, production volume, and the characteristics of the conformal coating material.

How do you identify conformal coating?

Identifying conformal coating involves visual inspection and sometimes the use of specialized techniques. Visually, the coating appears as a thin, transparent or translucent film covering electronic components. Specific identification methods include UV inspection, where certain coatings fluoresce under ultraviolet light, aiding in coverage verification. Additionally, color and texture may vary between different coating types. Thermal or chemical testing can also help identify the coating material. Manufacturers often provide documentation specifying the conformal coating used. Careful inspection and adherence to industry standards facilitate accurate identification, ensuring proper maintenance and rework procedures if needed.

What are the key properties to consider when selecting a conformal coating?

Properties such as chemical resistance, electrical insulation, thermal stability, flexibility, and ease of application are crucial when selecting a conformal coating. The choice often depends on the operating environment and the intended use of the electronic assembly.

Can conformal coatings be removed or reworked?

Yes, conformal coatings can be removed using various methods such as chemical stripping, mechanical abrasion, or thermal methods. However, the ease of removal depends on the type of coating and the method used.

How does conformal coating impact the electrical performance of components?

Conformal coatings are designed to protect electronic components without significantly impacting their electrical performance. The coatings provide insulation against environmental factors but must maintain a high dielectric strength. While some coatings may introduce a minimal capacitance effect, proper selection and application ensure these effects remain within acceptable limits. Issues like coating thickness and uniformity are crucial to prevent interference. Overall, when applied correctly, conformal coatings maintain or even enhance electrical performance by shielding components from moisture, dust, and other contaminants, contributing to increased reliability and longevity in diverse operating conditions.

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