The Global Conformal Coating Stripper Market Poised for Strong Growth owing to Increasing Demand from Electronics Industry

 

Conformal Coating Stripper Market

Conformal coatings help improve the reliability and lifetime of printed circuit boards and electronic components by protecting them from various environmental factors. Conformal coating stripper is a chemical solution used to remove conformal coatings from circuit boards and components during rework. It protects electronic assemblies from moisture, dust, chemicals, and temperatures. The global conformal coating stripper market is extensive owing to its wide applications in various end-use industries such as consumer electronics, automotive, aerospace, and defense.

 

The global conformal coating stripper Market is estimated to be valued at US$ 11.72 Mn in 2023 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 Dynamics

Rising electronics industry is one of the major drivers propelling the growth of the conformal coating stripper market. According to World Bank, the global electronics production reached over $2.4 trillion in 2020. Increasing demand for consumer electronics like smartphones, laptops, tablets, etc. owing to rising disposable income and changing lifestyles is boosting the electronics industry. Growing penetration of electronics in automotive, aerospace, and other industries is also fueling market growth. Conformal coating stripper plays a vital role in reworking of circuit boards and components during repairing or replacement which is further augmenting the market demand.

 

In addition, rising focus on cleanliness and quality standards of electronics is also driving the need for efficient stripper chemicals, which gently and effectively removes coating without causing any damage to sensitive components. Manufacturers are continuously investing in R&D to develop more environment-friendly and non-hazardous coating strippers to align with government regulations on product safety.

 

SWOT Analysis

Strength: Conformal coating stripper simplifies circuit board rework by removing protective coatings in a safe and effective manner. It has strong solvent capabilities to dissolve conformal coatings without damaging sensitive electronic components. Strippers also save time and labor compared to conventional rework methods.

Weakness: Certain stripper formulations contain chemicals that are hazardous and require special safety precautions during use. Extended exposure to fumes from volatile solvents can pose health risks if not used with proper ventilation. Some strippers also have stringent shelf life and storage limitations.

Opportunity: Growing demand for 5G technology and increased miniaturization of electronic devices is driving higher conformal coating usage. This increases the need for coating removal and rework capabilities during manufacturing and repair. Adoption of conformal coating stripping in industries like avionics and automotive presents new market opportunities.

Threats: Stricter environmental regulations around use of hazardous chemicals could constrain viable strippers compositions over time. Development of alternative non-solvent based coating removal technologies may pose competitive threats. Economic downturns impacting key downstream industries may reduce demand for conformal coating stripping services.

 

Key Takeaways

The Global Conformal Coating Stripper Market Share is expected to witness high growth over the forecast period supported by the expanding 5G infrastructure and increasing rework needs of complex electronic assemblies. The global conformal coating stripper Market is estimated to be valued at US$ 11.72 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.

Regional analysis shows that Asia Pacific dominates currently due to presence of large consumer electronics and semiconductor manufacturing hubs in China, South Korea, Taiwan and other countries.

 

The conformal coating stripper market in North America is forecast to experience significant gains going forward. Growing 5G deployments and increasing domestic manufacturing of chips and circuit boards will fuel demand for coating stripping solutions.

 

In Europe, countries with large electronics industries like Germany, UK, France contribute majorly to regional consumption. However, stringent safety norms around hazardous chemicals may constrain the scope of some strippers in the long run.

 

Asia Pacific dominates currently due to strong presence of electronics manufacturing clusters in China, South Korea, Taiwan and other Asian countries. Leading semiconductor foundries and electronic product OEMs driving most coating stripping needs. Region expected to remain major revenue generator.

 

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.

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