Conformal coatings are used to protect printed circuit boards and related electronic components from moisture, chemical contaminants, and environmental hazards. Conformal coating strippers are used to safely remove conformal coatings from PCBs during repair, rework, or modification. The global conformal coating stripper market is witnessing significant growth owing to rapid expansion of the electronics industry. Conformal coating is an important processing step in electronics manufacturing with increasing usage in automobiles, communications systems, and consumer electronics.
The global conformal coating stripper Market is estimated to be valued at US$ 11.72 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Growing demand from electronics industry is driving demand for conformal coating strippers. The electronics industry has been growing rapidly over the past few years with increasing usage of circuit boards and electronics components in various applications such as automotive electronics, communication devices, consumer electronics, and industrial electronics. The expansion of electronics industry has contributed to rising demand for PCBs that require protective conformal coating and subsequent removal during repair and reworks. The growing electronics market is estimated to create significant opportunities for manufacturers of conformal coating strippers over the forecast period.
Porter’s Analysis
Threat of new entrants: New entrants face high production costs to manufacture conformal coating stripper. Established players have strong brand recognition and supply chain networks.
Bargaining power of buyers: Buyers have moderate bargaining power as there are several suppliers of conformal coating strippers. However, switching costs are low.
Bargaining power of suppliers: A few suppliers dominate the global market. This gives them significant bargaining power over buyers.
Threat of new substitutes: Alternatives like masking tapes are available but cannot effectively replace conformal coating strippers.
Competitive rivalry: The market is moderately competitive due to presence of numerous regional and global players. Players compete based on product quality, reliability, and pricing.
SWOT Analysis
Strength: Rising demand from electronics and semiconductor industry drives the market. Technological advancements help improve stripping efficiency.
Weakness: Volatility in raw material prices impacts production costs. Stringent environmental regulations regarding usage of hazardous chemicals.
Opportunity: Growth of IoT and 5G networks to open new application areas. Emerging economies in Asia Pacific to provide new growth avenues.
Threats: Trade wars and geopolitical tensions affect supply chain. Economic slowdowns can lower demand.
Key Takeaways
The Global Conformal Coating Stripper Market Share is expected to witness high growth at a CAGR of 4.2% during the forecast period of 2024 to 2031.
North America currently holds the largest share of the market owing to strong electronics sector in the region. The Asia Pacific market is poised to grow at the fastest rate due to rapid industrialization, rising export of electronic goods, and increasing foreign investments for electronics manufacturing in the region.
Key players operating in the Conformal Coating Stripper market are Seqirus, GlaxoSmithKline plc, Sanofi, AstraZeneca, FluGen, Inc., Moderna, Inc., Biocryst Pharmaceuticals, Inc., CPL Biologicals Pvt. Ltd., CureVac AG, OSIVAX, and Solaris Vaccines. The companies compete based on product quality, reliability, pricing, and innovation. They collaborate with OEMs to improve their market reach. The Asia Pacific region is expected to present lucrative opportunities for market players owing to expansion of electronics production facilities by global companies.
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A Conformal coating is a protective chemical coating or polymer film 25–75?m thick (50?m typical) that ‘conforms’ to the circuit board topology.
Its purpose is to protect electronic circuits from harsh environments that may contain moisture and or chemical contaminants.Conformal Coatings are mainly classified into the following types: Acrylics, Polyurethane, Others.
Acrylic is the most widely used type which takes up about 38.23% of the total in 2017 in Global.Geographically, the consumption market is leading by North America, Europe and China, sales in Asia Pacific regions like China, Japan, Southeast Asia and India will see significant growth in future period.
In terms of year 2017, China holds the largest market share, with about 613.34 Million USD sales revenue,Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-conformal-coatings-2019-2024-173According to this study, over the next five years the Conformal Coatings market will register a 5.2% CAGR in terms of revenue, the global market size will reach US$ 3180 million by 2024, from US$ 2470 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Conformal Coatings business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Conformal Coatings market by product type, application, key manufacturers and key regions and countries.This study considers the Conformal Coatings value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.SiliconeParyleneAcrylicUrethaneEpoxyOthersSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Consumer ElectronicsAutomotiveAerospace & DefenseMedicalOthersThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.Chase CorporationHenkelDOW CorningDymax CorporationCytec SolvayElectrolubeH.B.
High quality conformal coating systems and equipment provide many different advantages for electronics manufacturers at every level of production.
If you are looking for high standard conformal coating system, this coating system is second to none.
From batch to high-volume and in-line processing, a strong line of precision applicators meet the needs of various conformal coating applications.
