According to the latest report by Fact.MR, the conformal coatings market for PCBs reached the valuation of US$ 8,871 million in 2017, and is expected to register 5.6% CAGR during 2018-2026. With extensive application of PCBs in consumer electronics, including smartphones, computers, home appliances, and entertainment systems, along with the advancement in these devices and appliances, the demand for conformal coatings market for PCBs is significantly growing. Conformal coatings are finding wide application in PCBs owing to the environmental conditions including absorption of moisture, dust, contamination of surface due to airborne ionic materials, etc., resulting in the quick deterioration in the performance of PCBs.
According to the report, various types of conformal coatings are used on the PCBs including epoxy, acrylic, polyurethane, silicone, fluoropolymer, and parylene. Owing to the various benefits offered by these conformal coatings they are selected by the user based on the need and requirement. For instance, polyurethane conformal coating is known for its chemical and moisture resistance, while parylene offer resistance to the solvents and extreme temperatures and provide dielectric strength.
Manufacturers Focus on Producing Conformal Coatings with Water-Based Technology
As per the report, manufacturers in the conformal coatings market for PCBs are focusing on producing green coating technologies, this is resulting in the growing popularity of the water-based technology as it eliminates the emission of volatile organic compounds. According to the study on conformal coatings market for PCBs, the demand for UV-cured technology is also increasing for protection of PCBs in consumer electronics from harmful radiation. Moreover, non-flammable and VOC-free features of the UV-cure technology are also leading to the growing demand across consumer electronics.
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With the imposition of stringent regulations on VOC emission, manufacturers in the conformal coatings market for PCBs are focusing on minimizing emission through their operations by adopting eco-friendly materials and production processes. Moreover, with rising concerns of handling electronic wastes, governments across countries are also undertaking initiatives to reduce e-scrap, thereby, driving demand for eco-friendly coatings in the conformal coatings market for PCBs.
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