WELLESLEY, MA – The global market for electronics conformal coatings and related equipment is expected to grow from $6.6 billion in 2008 to $9.1 billion in 2013, a CAGR of 6.8%.
 
The conformal coating equipment/spares segment has a larger share of the market than materials, worth an estimated $5.1 billion this year, says BCC Research. This is expected to increase to $6.9 billion in 2013, a CAGR of 6.2%, says the firm.
 
The materials segment is worth an estimated $1.5 billion in 2008, and is expected to grow at a CAGR of 8.9% to $2.3 billion in 2013.
 
Conformal coatings are important for applications in consumer electronics, automotive, aerospace and medical devices. Applications for consumer electronics currently dominate the market and will continue to do so through 2013, says BCC.
 
Growth in the automotive segment will be driven by accelerated use of electronic monitoring, sensing and controlling devices, and computer systems in cars. Conformal coating application in aerospace is the most highly developed segment of the industry, while medical and biomedical device applications of conformal coatings will experience the highest growth of the market segments studied, according to the firm.