Parylene Market Size, Share, Growth, And Industry Analysis, By Type (Parylene N, Parylene C, Parylene D, Others), By Application (Military and Aerospace, Electronics, Medical, Automotive, Others), And Regional Forecast to 2027

Updated On: 08 April 2024

Report Overview

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The global parylene market size was USD 84 million in 2020. As per our research, the market is expected to reach USD 105.1 million by 2027, exhibiting a CAGR of 3.4% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.

When compared to other materials, parylene is a robust insulator with extremely high dielectric strength. Many designs benefit from the ability to apply a very thin dielectric layer that permits high voltages to flow in close proximity without concern for discharge. As a result, when space is restricted, it is frequently employed to control the electrical path or eliminate arcing.

COVID-19 Impact: Pandemic Affected the Market Growth Negatively

COVID-19 is a global public health emergency that has affected practically every industry, and the long-term effects are expected to impact the growth of many end-use industries during the forecast period. This research expands the framework to include fundamental COVID-19 concerns and potential next steps. The paper provides insights on COVID-19, considering changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and significant government initiatives.

Latest Trends

"Electronic Coating Technologies Launched Its New Service"

Electronic coating technologies has launched its newest service offering, Parylene C and N, which expands its existing conformal coating capabilities from its New York plant. The ISO 13485:2016 accreditation validates the unique biocompatible properties of Parylene N, which is commonly used to manufacture implantable medical devices. ECT collaborates closely with world-renowned medical device customers that rely on high-level service to tiny local businesses needing assistance bringing their goods to market.

Segmentation

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• By Type Analysis

By Type, the market is fragmented into (Parylene N, Parylene C, Parylene D, and Others.

• By Application Analysis

By Application, the market is bifurcated into Military and Aerospace, Electronics, Medical, Automotive, and Others.

Driving Factors

"Features like Thickness Uniformity and Conformality to Ampily Market Growth"

Parylene, unlike liquid coatings applied by spraying, dipping, or brushing, does not pull away from the edges or display meniscus forces. In contrast to liquid coatings, where flow between and beneath components tends to glue them together, parylene does not bridge even in apertures as small as 7 microns (0.25 mils) and can penetrate beneath and around tightly spaced components. Because the accumulation is regular and homogeneous, physical and electrical protection can be obtained with a much thinner layer than with conventional coatings, which frequently require heavier applications to overcome coating defects.

"Efficient Electrical Properties to Boost Market Growth"

The electrical properties of parylene outperform those of typical coatings: it has high dielectric strength, volume resistivity, and a low dissipation factor and dielectric constant. One distinguishing feature is that it's dielectric constant and dissipation factor are nearly indifferent to increased frequency. It has a unique insulating feature due to its extraordinarily high dielectric strength and electrical stability in diverse mediums. The dielectric constant and dielectric losses are low and unaffected by water vapor absorption. Because of its cleanliness, low affinity for moisture, and lack of trace ionic contaminants seen in traditional coatings, it has a high volume and surface resistivity. These factors likely drive the parylene market growth.

Restraining Factors

"Cracking of the Product to Be a Major Restraint "

Apart from cracking, a variety of other difficulties may obstruct the proper coating of parylene films. Parylene, when applied using CVD, produces a structurally continuous coating that covers a PCB or equivalent assembly. The interaction of vapor-phase chemical reactants in CVD results in forming a non-volatile solid coating on a substrate, which is beneficial for various applications such as corrosion resistance, erosion defense, and high-temperature protection.

Regional Insights

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"Asia Pacific held a Considerable Share of the Market  "

In 2021, Asia Pacific topped the regional category, accounting for substantial revenue parylene market share. The rising demand for conformal coatings in Asia Pacific is driven by important industries such as aerospace, automotive, consumer electronics, and manufacturing. According to an Airbus news statement from February 2022, the Asia-Pacific area would require 17,620 new passenger and freighter aircraft. This is projected to be driven by the area's expanding population.

Key Industry Players

"Market Players to Employ Tactics in Order to Amplify Market Position"

Key market players in the soybean market share are entering into strategic partnerships and collaborations to expand their product portfolios, enhance their market presence, and cater to a broader customer base. Companies are focusing on continuous product innovation to meet evolving customer demands. Customization options, such as design, fixtures, and materials, provide a competitive advantage in the market. Market players are expanding their geographical presence through acquisitions, mergers, and establishing manufacturing facilities in new regions. This enables them to cater to the increasing demand for prefabricated bathroom pods across different markets.

List of Market Players Profiled

• Kisco (South Korea)
• Galentis SRL (Italy)
• Parylene Coatings Services (Curtiss-Wright) (Ireland)
• Chireach Group (China)
• Penta Technology (Sri Lanka)
• Huasheng Group (China)

Report Coverage

The report's devoted part informs about the impact of COVID-19 and its succeeding variant outbreaks on demand, supply, price, vendor uptake, and recommendations for long-term outcomes. The updated study contains insights, analyses, projections, and predictions for the market, considering the COVID-19 impact. The research profiles a report with extensive studies describing the firms in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.