Conformal Coatings Market Size

Conformal Coatings Market size was valued at USD 1.13 billion in 2024 and is anticipated to reach USD 2.53 billion by the end of 2037, expanding at around 6.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of conformal coatings is assessed at USD 1.19 billion. The reason behind the growth is impelled by the growing consumer electronics market across the globe being aided by a growing middle class, increased disposable incomes, declining costs of gadgets, as well as the ongoing expansion of e-commerce.

 It is anticipated that the global consumer electronics market will expand by around 2% between 2024 and 2028, reaching a market size of over USD 1175 billion by that year.

The growing advancements in PCB manufacturing are believed to fuel the market growth. PCB technology is developing quickly, which will open up new doors for entrepreneurs, and make it possible to design printed circuit boards (PCBs) with high-density interconnects. For instance, the Internet of Things (IoT) with PCB technology enables users to frequently utilize this technology to remotely manage and monitor equipment at home and work. Besides this, AI can be used by PCB producers to gather data from various sensors, which also can boost PBC industrial automation.