Automotive Conformal Coatings Market

Market Leader - Automotive Conformal Coatings Market

The global automotive conformal coatings market is projected to reach USD 2.7 billion by 2025 from USD 1.8 billion in 2020, at a CAGR of 8.7%. The growth of this market is primarily driven by the increasing automotive electronics in vehicles and growing adoption of electric vehicles.

New product development is the key strategy adopted by the major players in the automotive conformal coatings market from 2017 to 2020. For instance, HumiSeal manufactured by Chase Electronic Coatings announced the introduction of its complete line of liquid, optically clear adhesives (LOCA). LOCA materials provide enhanced optical properties and improved durability of optical devices and displays. These products are specifically formulated for industries that require rigorous performance standards—wireless communications, automotive displays, medical devices, and aerospace and avionic controls, among others.

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The automotive conformal coatings market is led by globally established players such as Dow (US), Henkel (Germany), Chase Corporation (US), H.B. Fuller (US), and Electrolube (UK). These companies adopted several strategies to gain traction in the growing automotive conformal coatings market. Dow announced the construction of a new silicone resin plant with an aim to address the increasing demand for specialty silicone products in key industries and markets worldwide. This new silicone plant is expected to start production by 2021 and will be located in Dow’s existing manufacturing hub in Zhangjiagang, eastern China.

H.B. Fuller (US) is another leading player in the automotive conformal coatings market. The company invests in R&D activities. It expanded its automotive conformal coating presence to cater to various customers around the world while establishing itself as a strong player in the market. H.B. Fuller established H.B. Fuller Japan G.K. This step had been taken to strengthen its engineering adhesive (EA) business in Japan. The company’s EA business serves electronics, transportation, renewable energies, aerospace, and medical markets.

Related Reports:

Automotive Conformal Coatings Market by Material (Acrylic, Silicone, Epoxy, Polyurethane, Parylene), Component (ECU, PCB, Sensor, Battery Casing, LED and Infotainment System), Application Method, Vehicle Type, EV, Region - Global 2025

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Automotive Conformal Coatings Market Size,  Share & Growth Report
Report Code
AT 7812
RI Published ON
1/14/2021
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