Conformal coating strippers are chemicals used to remove conformal coatings from printed circuit boards and other electronic components. Conformal coatings are applied on electronic assemblies to protect them from environmental hazards such as moisture, dust, chemical contaminants, and mechanical stress. With growth in the consumer electronics and automotive industries, demand for more durable and longer-lasting electronic products has increased tremendously. This has augmented the use of conformal coatings on circuit boards and other electronic assemblies. However, repairing or reworking these coated PCBs requires removal of the existing coating which is driving demand for effective yet eco-friendly conformal coating strippers. Common conformal coating materials include acrylic, silicone, and urethane which can be removed using solvent-based, water-based, and 100% solid coating strippers.
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 Dynamics:
One of the major drivers fueling growth of the conformal coating stripper market is the expanding electronics manufacturing industry. According to estimates, the electronics production output is expected to reach $2.9 trillion by 2026, witnessing a CAGR of 3.8% over the forecast period. This growth can be attributed to ongoing technological advancements in electronics such as miniaturization, cloud computing, and artificial intelligence. As conformal coatings play a crucial role in protecting sensitive electronic components from moisture, dust, and chemical damage, demand for effective stripping solutions is rising concurrently. In addition, growing need among electronics repair technicians and manufacturers to periodically rework printed circuit boards is also propelling the conformal coating stripper market. Unlike harsh chemical strippers, contemporary products provide safe and residue-free removal of conformal coatings without causing damage to the substrate. This is elevating their adoption across diversified end-use industries including consumer electronics, automotive, telecommunications, and medical devices.
Segment Analysis
The conformal coating stripper market can be segmented into product type and application. Based on product type, the market has been segmented into solvent-based conformal coating stripper and solvent-free conformal coating stripper. The solvent-based conformal coating stripper segment dominates the market as they are capable of effectively removing epoxy, polyurethane and acrylic conformal coatings. However, solvent-free conformal coating strippers are gaining traction due to stringent regulations on hazardous VOC emissions.
Based on application, the conformal coating stripper market has been divided into consumer electronics, communication, automotive, aerospace & defence, medical devices, and others. The consumer electronics segment dominates the market as it requires frequent rework such as repairs or re-balling of chips during the manufacturing process of electronic goods.
PEST Analysis
Political: Stringent environmental regulations regarding VOC emissions from coating strippers in various countries is influencing manufacturers to develop new solvent-free coating strippers.
Economic: Rising consumer electronics manufacturing and demand for miniaturization of electronics is boosting the demand for rework capability of PCBs, thereby driving the conformal coating stripper market.
Social: Increasing awareness about the environmental impacts of solvent-based products is prompting electronics manufacturers and consumers to prefer eco-friendly and safer coating stripping solutions.
Technological: Advancements in formulation technologies have enabled manufacturers to develop new coating strippers with improved stripping efficacy and low toxicity profile using bio-based solvents or solvent-free formulations.
Key Takeaways
The Global Conformal Coating Stripper Market Share is expected to witness high growth over the forecast period of 2024 to 2031. 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 indicates that Asia Pacific dominates the market currently due to presence of large number of consumer electronics manufacturers. China, Taiwan and South Korea are the major suppliers as well as consumers of conformal coating strippers in the region.
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. Key players are focusing on developing innovative next-generation solvent-free products through advanced formulation technologies.
Moderna, Inc. launched a new solvent-free conformal coating stripper under the brand name StripEasy ElectroClean in 2021 which has exhibited 97% removal of solder mask, lacquer and similar coatings without use of any solvents. Similarly, CureVac AG offers CFCS product line of solvent and solvent-free coating strippers for diverse applications in consumer electronics, automotive and medical device industries.