The global electrically conductive coatings market is projected to reach USD 18.88 Billion by 2021, at a CAGR of 8.0% from 2016 to 2021. This growth is expected to be driven by the high demand from the consumer electronics industry and increasing demand for electrically conductive coatings in the Asia-Pacific, European, and North American regions.
Epoxy - Widely Used Material for Electrically Conductive Coatings
Epoxy is widely used for electrically conductive coatings
due to their favorable durability, mechanical properties and weatherability. These coatings are light in weight and hence used as replacements for metals such as copper in consumer electronics, solar, automotive, aerospace, bioscience, and others. Epoxy is the largest and fastest-growing type of conductive coating used in the global electrically conductive coating market. The growing demand for coating applications that require electrical conductivity using epoxies in various end-use industries such as consumer electronic displays, solar cells, automotive displays/LCDs, aircraft/space shuttle displays/LCDs, X-ray and MRI equipment, and others is expected to drive the electrically conductive coatings market in the near future.
Consumer Electronic Displays - The Largest Application Segment
Consumer electronic display is the largest application segment of the global electrically conductive coating market.
Electrically conductive coatings are used widely in:
- Consumer electronic displays
In the consumer electronics industry, conductive coatings are used in computers/cell phones/radios/calculators/pagers, LCDs/electronic displays/touch panels, and so on, as thin layers over plastic cases and plastic housings in these products to provide EMI shielding and dissipation of static charge.
Asia-Pacific - The Largest Market
The Asia-Pacific region is the largest market in the global electrically conductive coating market, in terms of value and volume, and this trend is expected to continue till 2021. There is a high growth in demand from countries in this region such as, China, Japan, South Korea, and India, in the use of electrically conductive coatings in the consumer electronic displays industry. This growth is mainly due to the thriving electronics industry, economic growth and increasing population. Globally, India and China are projected to be the fastest-growing markets from 2016 to 2021.
The electrically conductive coating market has few global players competing for their market shares. These companies are actively investing in various strategies such as new product developments, acquisitions, and expansions globally to increase their market shares. Major players such as The PPG Industries Inc. (U.S.), Henkel AG & Company (Germany), Akzo Nobel N.V. (Netherlands), Axalta Coating Systems (Netherlands), Creative Materials Inc. (U.S), and others have adopted various organic and inorganic developmental strategies.
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