Conformal coatings are thin protective layers applied to printed circuit boards and other electronic components to protect them from environmental factors such as moisture, chemicals, dust and temperature extremes. Conformal coating strippers are chemicals that are used to remove conformal coatings from printed circuit boards and electronic assemblies. These strippers are easy-to-use liquids that dissolve and liquefy hardened conformal coatings without damaging components.
The global conformal coating stripper market is estimated to be valued at US$ 11.72 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth Accelerated by Increasing Demand from Electronics Industry
One of the key trends fueling the growth of the conformal coating stripper market is increasing demand from the electronics industry. Conformal coatings are widely used in the electronics industry to protect printed circuit boards and other sensitive electronic components from moisture, dust, chemicals and temperature extremes. With growing electronic device manufacturing activities worldwide driven by the rapid adoption of smartphones, tablets, electric vehicles and other gadgets, the demand for conformal coatings and their associated strippers is also increasing significantly. The electronics industry is expected to remain the major end-user of conformal coating strippers during the forecast period, thereby driving the market growth.
Segment Analysis
The global conformal coating stripper market is dominated by strong acids sub-segment. Strong acids based strippers are highly effective in removing solder masks, oxidation layers, and other coatings from printed circuit board assemblies. They work by dissolving the conformal coating through a chemical reaction. Strong acids based strippers provides superior stripping performance compared to other types and remain the first choice for applications requiring maximum removal of coating in limited time.
Key Takeaways
The Global Conformal Coating Stripper Market Share is expected to witness high growth over the forecast period of 2024 to 2031 supported by increasing electronics production and stringent quality control standards. The global conformal coating stripper market is estimated to be valued at US$ 11.72 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.
Regional analysis:
Asia Pacific region accounts for the largest and fastest growing market for conformal coating strippers. Growing electronics manufacturing industry along with government initiatives to boost electronics exports from countries like China, India, Taiwan and South Korea has been driving the stripper market growth.
Key players:
Key players operating in the conformal coating stripper market are Seqirus, GlaxoSmithKline plc, Sanofi, AstraZeneca, FluGen, Inc., Moderna, Inc., Biocryst Pharmaceuticals, Inc., CPL Biologicals Pvt. Ltd., CureVac AG, OSIVAX, and Solaris Vaccines.
Get More Insights Here
https://www.newswirestats.com/conformal-coating-stripper-market-size-share-growth-outlook-2023/
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