The Conformal Coating Stripper Market Is Driven By Growing Demand For Surface Residue Removal
The conformal coating stripper market plays a vital role in removing surface coatings from printed circuit boards and electronic components. Conformal coating is applied on printed circuit boards to protect them from moisture, dust, chemicals and other contaminants. However, during the repair or rework process, it needs to be removed without causing any damage to the components. Conformal coating strippers are solvent-based or water-based liquid solutions which quickly and safely dissolve and remove older coatings. They help technicians easily access components for rework/repair. 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 2030.
Key Takeaways
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. These companies are focusing on developing innovative and eco-friendly coating removal solutions to cater to the growing demand from PCB manufacturing and electronics repair industries.
The demand for conformal coatings strippers is growing due to the increasing use of printed circuit boards in various industries like automotive, telecommunications, consumer electronics etc. As electronic devices become more compact and complex, the need for coating removal during rework is rising. Various companies are launching new products with better stripping efficiencies to support frequent rework activities.
The conformal coating stripper market is expanding globally due to the rapid growth of PCB manufacturing units in Asia Pacific and Latin American countries. Key players are investing in these regions to establish distribution networks and meet the surge in local demand. They are also focusing on green coating remover formulations using natural solvents to comply with stringent environment norms.
Market drivers
One of the major drivers for the Conformal Coating Stripper Market Share is the urgent need for surface residue removal in electronics repair. During rework or troubleshooting, old coatings need to be thoroughly removed to provide corrosion protection and dielectric stability. Any residual coating can cause electrical or process issues. Conformal coating strippers effectively dissolve multiple layers of coating and ensure complete removal without damaging components. This enhances equipment reliability and improves productivity in repair workflows.
The current geopolitical situation is impacting the growth of the conformal coating stripper market. Supply chain disruptions caused by the Russia-Ukraine conflict and sanctions have hampered the production and export of key raw materials from the European region. Additionally, shutdowns in China due to Covid-19 restrictions have created supply issues for fluorochemicals and other intermediates that are used in manufacturing conformal coating strippers. These supply constraints have driven up input costs for market players, limiting their ability to scale up operations to meet demand. However, as lockdowns are gradually eased in China and new trade routes are established to overcome sanctions, the supply situation is expected to stabilize in the coming quarters, allowing the market to regain lost momentum. Looking ahead, market players will need to diversify their sourcing networks globally and build flexible production capabilities that can switch raw material sources quickly in response to geopolitical events in key regions. Adopting a localized manufacturing approach and developing alternate synthesis routes for critical inputs can help boost resilience against future supply shocks.
The North American region currently dominates the conformal coating stripper market in terms of value. The region accounted for over 35% revenue share in 2024 led by strong demand from electronics and semiconductor manufacturing industries in the US and Canada. Asia Pacific follows North America with a revenue share of around 30% in 2024. Rapid industrialization, growth of electronics exports from China, Taiwan and South Korea have propelled the demand for conformal coatings and strippers. The Europe region captures approximately 25% market value owing to concentration of electronics firms and prevalence of stringent quality standards. RoW regions make up the rest. Going forward, the Asia Pacific region excluding Japan is expected to witness the fastest growth during the forecast period on account of expanding electronics production base and uptick in investments into semiconductor foundries.
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