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Global Electrically Conductive Coatings Market Insight2022-01-05 Comments
The Electrically Conductive Coatings will continue to grow over the next years. According to the World Knowledge Information (WKI) Global Electrically Conductive Coatings Professional Survey Report 2021, Forecast to 2026, the expansion of the consumer electronics industry is having a positive impact on market growth. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 8.5% base on WKI regression analysis model.
“As people pay more attention to environmental quality, environmentally friendly coatings are an inevitable trend in future development. Manufacturers should pay more attention to the material selection and content ratio of their products. ” said James, Senior analyst, Chemical and Materials Market Research Center in WKI. “In addition, the research and development of multifunctional electrically conductive coatings is also a top priority. The improvement of the company’ s product characteristics will increase the company’ s share of the electrically conductive coatings market.”
Electrically Conductive Coatings are coverings that are applied to everyday objects that require electricity. The function of these coatings is to protect people from hazards such as electric shocks or explosions, and to improve the expected lifetime of these products. These coatings may at times add a glossy look to the products. The industry is driven by the expanding demand for electronics, automotive and aerospace industries. These industries contain many key products that require these coatings either for safety or sustainability or both purposes. These days, slim and compact electrical and electronic devices are quite high in demand. Enhancing frequency distribution density of electromagnetic energy and increasing plastic usage require an effective and powerful shielding technology of electromagnetic waves. It is in this particular area that electrical conductive coatings play an important role and are gaining traction in the global market.
The electrically conductive coating market is partially consolidated in nature, with a few major players dominating a significant portion of the market. Some of the major companies are Akzo Nobel NV, Henkel AG & Co. KGaA, Sherwin-Williams, PPG Industries Inc., and Axalta Coating Systems.
Segmentation of Electrically Conductive Coatings Market:
Electrically Conductive Coatings are of many types, the commonly known types being epoxy, polyesters, acrylics and polyurethanes. The material used in these coatings consist of different metals such as copper, silver, aluminum, molybdenum, graphite, carbon black and so on. These coatings are used in many industries varying from consumer electronics and pharmaceuticals to automotive and aerospace. They are also used in solar, biosciences and chemical industries. Acrylics is projected to be the fastest-growing segment of the electrically conductive coatings market, in terms of material type. Acrylics is gaining importance in the global electrically conductive coatings market due to better conductivity, low cost, good moisture resistance and excellent weatherability. It has considerable potential in coatings for the consumer electronics and automotive industries application.
Consumer electronic displays is the largest application of electrically conductive coating globally. Electrically conductive coatings are used in electronic diaplays, LCD screens, touch panels, computers, cell phones, radios, calculators and pagers, to provide protection against electromagnetic interference and static charge dissipation. These coatings are also used in electrolysis processes as thin layers of coating for tantalum capacitors and ceramic surfaces. Increasing technological advancements in electronics, growing demand for safety electronic boards, growing demand from the construction and aerospace sectors, are expected to drive the market for electrically conductive coatings through the coming years.
Electrically Conductive Coatings Market: Regional Analysis
Asia- Pacific is expected to dominate the overall market, owing to the highly developed electrnics sector in China, Japan and South Korea, coupled with continued investments in the region to advance the ongoing automotive and aerospace technology sectors of road over the years. Recently, the use of electric vehicles in Asia Pacific has increased due to supportive government policies and increasing investment. Therefore the demand for electrically conductive coatings in the automotive industry is increasing. China, Vietnam and Taiwan have electronics manufacturing units and mainly export electronics to other countries. Growing electric vehicle market，rising electric technology，and expansions in the aerospace and defense industries are foreseen to drive the electrically conductive coatings business in the coming years.
Largest share area：Asia- Pacific
Largest share country：China