The market for electronic components protective coatings exceed US$20 billion In 2025
A new report from GlobalMarketInsight Inc. shows that by 2025, the market for protective coatings for electronic components will exceed $20 billion. Electronic component protective coatings are polymers used on printed circuit boards (PCBs) to electrically insulate and protect components from environmental stresses such as moisture, chemicals, dust, and debris. These coatings can be applied using spray techniques such as brushing, dipping, manual spraying or automatic spraying.
Increased use of portable electronic products, increased demand for automotive electronics applications, and reductions in the size of printed circuit boards have driven the development of the protective coatings market for electronic components. During the forecast period, the market is expected to become more diversified because these coated electronic products come in a variety of sizes and shapes, from complex panels, large mainboards, tiny PCBs, to flexible circuits. The coatings are used in industries such as automotive, consumer electronics, medical, avionics, military, industrial machine control and aerospace.
Acrylic resin is the most commonly used protective coating material for electronic components in the industry, accounting for nearly 70%-75% of the market share. Compared with other chemicals, it is cheaper and has good environmental performance. Acrylic coatings are widely used in LED panels, generators, relays, mobile phones and avionics equipment. Driven by strong demand for computers, laptops, smart phones and other home electronics, it is expected that by the end of the forecast period, the U.S. market for protective coatings for electronic components will reach US$5.2 billion.
Polyurethane is another protective coating material for electronic components that provides excellent chemical resistance and protection in harsh environments. It also maintains flexibility at low temperatures and can be used in PCBs, generators, fire alarm components, automotive electronics. , motors and transformers on various substrates. By 2025, the global market for protection of electronic components and polyurethane coatings is expected to reach 8 billion US dollars. Epoxy coatings are also used for electronic protection of electrical connectors, relays, marine components, agricultural components, and mining components. Epoxy coatings are very hard, have good moisture resistance and excellent chemical resistance.
Silicone coatings are used in high temperature environments to prevent moisture, dirt, dust, and corrosion. The coating has been applied in automotive electronics, oil and gas industry, transformer industry and high temperature environment. Parylene coatings are used in aerospace and defense applications, mainly for satellites and spacecraft. They are also used in medical devices.
Automotive is one of the fastest growing applications in the protective coatings market for electronic components because the market is mainly due to increased demand for safety and comfort functions, an increase in luxury car sales (especially in developing economies) and electronic product manufacturing technologies. improvement. During the forecast period, the automotive industry’s demand for protective coatings for electronic components is expected to increase at a compound growth rate of 4% to 5%.
Asia Pacific is the largest market for protective coatings for electronic components. Almost 80% to 90% of printed circuit boards are manufactured in China, Japan, Korea, Taiwan and Singapore. It is predicted that the Asia Pacific market will be the fastest growing market due to the increasing demand for intelligent electronic devices and the continuous increase in industrialization. As a result of low-cost raw materials and cheap skilled labor force, multinational companies have begun to turn their attention to countries such as Malaysia, Thailand and Vietnam.