Wellesley, MA -- The value of the worldwide conformal coatings market hit $800 million in 2005, according to a new report from BCC Research. It is projected to reach $1.6 billion by 2010, an average annual growth rate of 15.2%. Key markets include semiconductors/electronics, medical devices, aerospace and automotive.

Electronics use dominated the conformal coatings market in 2005 and will continue to do so through 2010, holding 46% of the market share and growing at an AAGR of 13.6%, BCC predicts. IC barriers will drive the semiconductor and electronics sectors. Conformal coatings also find frequent use in new device packing systems and high frequency wireless consumer electronics.

Conformal coatings are used in a range of electronics applications to provide a variety of distinctive performance characteristics to components and devices.