Market for conformal coatings, used on BEV electronics, to be worth $1.18 billion by 2028, says report

The global conformal coatings market size is expected to reach $1.18 billion by 2028, according to a new study by Polaris Market Research. “Conformal Coatings Market Share, Size, Trends, Industry Analysis Report, By Application (Electronics, Automotive, Medical, Aerospace & Defense, Others); By Material; By Region; Segment Forecast, 2021-2028” gives a detailed insight into the current market dynamics and provides analysis on future market growth.

Conformal coatings are a protective cover that could be a polymer or a chemical film applied on electronic circuits to give them long-lasting protection from moisture content and chemical contaminants in the air. These products maintain insulation cover and help ensure continuity of circuit board components and the board’s functional integrity.

Automotive is one of the most far-reaching segments for these products. The development of hybrid cars is consistently empowered by technology and experiencing high growth as an energy-efficient alternative. This growth in sales is expected to increase demand for conformal coatings, which are used to protect the vital components of the electronics installed in battery electric vehicles.