A coating that is electrically conductive is one that is used to lessen surface resistance by preventing the buildup of static electric charges. Due to the expanding consumer electronic display market, the electrically conductive coating market is predicted to increase at a high rate.
The region of Asia-Pacific, excluding Japan, has experienced significant growth in the market for electrically conductive coatings, which is attributed to the rising demand for consumer electronics brought on by the region’s rapidly increasing population and per capita income, particularly in China and India.
Global Electrically Conductive Coating Market Dynamics:
The expanding solar industry and the significant need for electrically conductive coating from consumer electronics displays are driving the expansion of the global market for these coatings. The global electrically conductive coating market is being driven by macroeconomic factors such as rising per capita income, a quick urbanisation and employment rate, and a high industrialization rate.
The demand for electrically conductive coatings is being driven by expanding semiconductor and consumer electronics markets. While initial capital equipment costs and environmental regulations for HAP (hazardous air pollutants) and VOC (volatile organic compound) emissions are impeding the growth of the electrically conductive coating market worldwide,
especially in developing nations like Asia-Pacific, the Middle East, and Africa, and Latin America. High demand for consumer electronics is another element driving the global market for electrically conductive coatings.
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Global Electrically Conductive Coating Market Segmentation:
The market for electrically conductive coatings is divided into regional, end-user, and raw material segments. The market for electrically conductive coatings is divided into segments based on the raw materials used, including polyesters, epoxy, polyurethanes, acrylics, and others. Epoxy has a sizable revenue share and is predicted to increase at a sizable rate in the coming years.
The electrically conductive coating market is divided into the solar sector, bioscience, consumer electronics displays, aerospace, automotive, and others based on the end-user. Consumer electronic displays are one of the end-user segments that contribute significantly to revenue and are anticipated to increase rapidly over the course of the forecast period in the global market for electrically conductive coatings.
Based on raw material, the global electrically conductive coating market is segmented into:
Polyesters
Epoxy
Polyurethanes
Acrylics
Others
Based on end-use, the global electrically conductive coating market is segmented into:
Solar Industry
Bioscience
Consumer Electronic Displays
Aerospace
Automotive
Others
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Global Electrically Conductive Coating Market Regional Outlook:
Based on the geographies, the global electrically conductive coating market is fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a significant share of the global electrically conductive coatingmarket in terms of value, attributed to rising employment rate and rising disposable income.
Western Europe revenue share is followed by North America region in the global electrically conductive coatingmarket, whereas the growth of the electrically conductive coatingmarket is relatively low than other regions as the consumer electronic market is saturated in the region.
The Asia-Pacific except Japan region accounts for significantly high volume share in the global electrically conductive coatingmarket with significant growth rate, owing to the rapid growth of consumer electronics industry in the region particularly in countries such as India and China.
Eastern Europe and Japan also accounts for significant value share in the global electrically conductive coatingmarket. The developing economy such as Middle East Africa and Latin America have a substantial growth in the global electrically conductive coatingmarket, owing to substantially growing electronic and semiconductor industry in the region. Overall, the outlook for the global electrically conductive coatingmarket will have a positive growth over the forecast period.
Global Electrically Conductive Coating Market Player:
Few players in the global electrically conductive coating market include Akzo Nobel N.V., Creative Materials Inc., Axalta Coating Systems, Henkel AG & Company, and The PPG Industries Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
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Global Electrically Conductive Coating Market Segmentation
Based on raw material, the global electrically conductive coatingmarket is segmented into:
- Polyesters
- Epoxy
- Polyurethanes
- Acrylics
- Others
Based on end-use, the global electrically conductive coatingmarket is segmented into:
- Solar Industry
- Bioscience
- Consumer Electronic Displays
- Aerospace
- Automotive
- Others
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