Market Overview:
The global automotive conformal coating market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the rising trend of miniaturization in electronic devices. In terms of type, acrylic is expected to lead the global automotive conformal coating market during the forecast period, followed by epoxy and urethane. In terms of application, passenger vehicles are expected to lead the global automotive conformal coating market during the forecast period, followed by commercial vehicles.
Product Definition:
Conformal coating is a thin, clear lacquer or paint that is applied to the surface of an electronic component to protect it from environmental conditions such as moisture, dust, and dirt.
Acrylic:
Acrylic is a thermosetting polymer, which means it sets when cool. It has high heat resistance and strength due to this property. Acrylic resins are used in various end-use industries such as construction, paints & coatings, adhesives & sealants and automotive conformal coating among others.
Epoxy:
Epoxy resins are synthetic thermosetting polymers with high heat and impact resistance. They are used in automotive conformal coating industry as they provide excellent adhesion, thermal and electrical conductivity to the base metal. Epoxy coatings exhibit superior properties such as abrasion, chemical inertness, corrosion resistance along with low environmental stress cracking which makes them ideal for use in heavy-duty applications including chassis components and engine blocks of vehicles.
Application Insights:
The passenger vehicles segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The commercial vehicle conformal coatings are also projected to witness significant growth owing to their increasing application scope in various industries, such as logistics, marine and off-highway transport. In addition, growing demand for these products from the automotive industry is expected to boost product demand over the forecast period.
Conformal coatings are used for a wide range of applications including body exterior & interior trim components (headlamps/taillamps/fog lamps), bumper systems (rear end collision protection), glass treatment on both domestic and imported cars & commercial vehicles along with other luxury or performance driven cars that require additional safety features such as side impact beams or rollover sensors on sporty car models.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of the total revenue in 2017 owing to increasing production and sales of passenger vehicles. China, India, Japan, South Korea are some of the largest markets for automotive conformal coatings globally.
The growing demand from Asia Pacific is likely to drive manufacturers based outside Asia Pacific as well as within it to expand their manufacturing facilities in this region which will further boost product demand across all applications. In addition, rising disposable income coupled with expanding middle-class population base will augment regional product consumption over next eight years.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR close behind that of Asia Pacific during same period due high concentration premium cars production bases located primarily along Germany Italy Spain border area among others including Czech Republic Poland Sweden Belgium France Russia etcetera).
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive conformal coating market is expected to grow at a CAGR of 6.5% from 2016 to 2021, owing to the increasing demand for lightweight vehicles. Conformal coatings are used in various applications such as electrical and electronic systems, metal components, and plastic parts in order to protect them from environmental factors such as moisture, dust, and corrosion.
- Rising demand for luxury cars: The global luxury car market is projected to grow at a CAGR of 9% during the forecast period 2016-2021. This growth can be attributed to the increasing disposable income of consumers in developing countries and the rising trend of urbanization around the world. Automotive conformal coatings are used extensively in luxury cars as they help protect expensive paint jobs from scratches and other damage caused by weather conditions or accidental contact with other objects.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Conformal Coating Market Research Report
By Type
Acrylic, Epoxy, Urethane, Silicon, Parylene, Others
By Application
Passenger Vehicles, Commercial Vehicle
By Companies
Henkel, Illinois Tool Work, Shin-Etsu Chemical, DuPont, H.B. Fuller, Chase Corporation, Electrolube, Dymax Corporation, MG Chemical, Specialty Coating System, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Conformal Coating Market Report Segments:
The global Automotive Conformal Coating market is segmented on the basis of:
Types
Acrylic, Epoxy, Urethane, Silicon, Parylene, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Henkel
- Illinois Tool Work
- Shin-Etsu Chemical
- DuPont
- H.B. Fuller
- Chase Corporation
- Electrolube
- Dymax Corporation
- MG Chemical
- Specialty Coating System
- BASF
Highlights of The Automotive Conformal Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acrylic
- Epoxy
- Urethane
- Silicon
- Parylene
- Others
- By Application:
- Passenger Vehicles
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Conformal Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive conformal coating is a type of paint that is designed to protect the surface it's applied to from weathering and scratches. It also helps the paint resist fading, peeling, and chipping.
Some of the major companies in the automotive conformal coating market are Henkel, Illinois Tool Work, Shin-Etsu Chemical, DuPont, H.B. Fuller, Chase Corporation, Electrolube, Dymax Corporation, MG Chemical, Specialty Coating System, BASF.
The automotive conformal coating market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Conformal Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Conformal Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Conformal Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Conformal Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Conformal Coating Market Size & Forecast, 2018-2028
4.5.1 Automotive Conformal Coating Market Size and Y-o-Y Growth
4.5.2 Automotive Conformal Coating Market Absolute $ Opportunity
Chapter 5 Global Automotive Conformal Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Conformal Coating Market Size Forecast by Type
5.2.1 Acrylic
5.2.2 Epoxy
5.2.3 Urethane
5.2.4 Silicon
5.2.5 Parylene
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Conformal Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Conformal Coating Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Conformal Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Conformal Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Conformal Coating Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Conformal Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Conformal Coating Market Size Forecast by Type
9.6.1 Acrylic
9.6.2 Epoxy
9.6.3 Urethane
9.6.4 Silicon
9.6.5 Parylene
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Conformal Coating Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Conformal Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Conformal Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Conformal Coating Market Size Forecast by Type
10.6.1 Acrylic
10.6.2 Epoxy
10.6.3 Urethane
10.6.4 Silicon
10.6.5 Parylene
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Conformal Coating Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Conformal Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Conformal Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Conformal Coating Market Size Forecast by Type
11.6.1 Acrylic
11.6.2 Epoxy
11.6.3 Urethane
11.6.4 Silicon
11.6.5 Parylene
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Conformal Coating Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Conformal Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Conformal Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Conformal Coating Market Size Forecast by Type
12.6.1 Acrylic
12.6.2 Epoxy
12.6.3 Urethane
12.6.4 Silicon
12.6.5 Parylene
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Conformal Coating Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Conformal Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Conformal Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Conformal Coating Market Size Forecast by Type
13.6.1 Acrylic
13.6.2 Epoxy
13.6.3 Urethane
13.6.4 Silicon
13.6.5 Parylene
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Conformal Coating Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Conformal Coating Market: Competitive Dashboard
14.2 Global Automotive Conformal Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Henkel
14.3.2 Illinois Tool Work
14.3.3 Shin-Etsu Chemical
14.3.4 DuPont
14.3.5 H.B. Fuller
14.3.6 Chase Corporation
14.3.7 Electrolube
14.3.8 Dymax Corporation
14.3.9 MG Chemical
14.3.10 Specialty Coating System
14.3.11 BASF
