The automotive conformal coatings market is anticipated to grow at a 10.2% CAGR during 2021-2027. Factors attributing to the growth of automotive conformal coatings market include rising autonomous electronics in vehicles, increased adoption in telecommunication industry, enhanced lifestyle and economic status, rising usage of substrate -like PCB (SLP), ECUs, sensor for safety and comfort features, and technological development in application method of conformal coating such as paralyene applied to chemical vapor deposition.

In addition, smart and electric vehicles are rapidly evolving in the market which are equipped with electronic devices that communicate, monitor, and regulate the prime aspects of the driving vehicle. Thus, evolving next-generation vehicles will create opportunities for growth in the automotive conformal coatings market.
The COVID-19 pandemic has impacted the automotive conformal coating market owing to disruption in supply chain that has halted the production facilities globally. Thus, decline in vehicle production has a negative effect on automotive conformal coatings market.

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Based on material, acrylic conformal coating dominates the automotive conformal coating market owing to its properties like high dielectric strength, fair moisture, and abrasion resistance. Moreover, it offers primary level of protection at an economical cost and is widely utilized inside the vehicle cabin.

Asia-Pacific is anticipated to have a significant growth in the automotive conformal coatings market owing to the presence of well-established automobile manufacturers in the region like China, Japan, South Korea, and India. Furthermore, due to consumer demand, modern features such as power windows, automatic rain wipers, rear parking sensors, and LED DRL are becoming more common in entry-level and mid-level vehicles. These features will necessitate additional electronic installations, which will propel the automotive conformal coatings industry forward.

In October 2021, DOWSILTM CC-2588 Conformal Coating is a robust, abrasion-resistant silicone-based substance that protects printed circuit boards (PCBs) and electronic components from excessive humidity and corrosion. This dependable silicone-based coating is completely odourless and has a very low volatile organic compound content (VOCs). DOWSILTM CC-2588 Conformal Coating cures at room temperature to save energy, facilitates spraying for higher throughputs, and allows automated inspection equipment to detect any voids in the conformal coating using ultraviolet light (UV).

The prominent players in the automotive conformal coatings industry include Altana AG, Chase Corporation, CHT Group, Specialty Coatings Systems, Inc. (Previously named as Comelec SA), Conins Pune, CSL Silicones Inc, Dawn Tech, Dow, Dymax, Electrolube, H.B. Fuller, Henkel, HZO, Para Tech Coating, Paratronix, Peters Group, Shin-Etsu Chemical, VSI Parylene (Vertical Solutions).