This Electrically conductive coating market report presents the market situation and prospects of the sector have been examined. This Electrically conductive coating market report features key market flow of division. Primary strategical activities in the market which includes product developments, mergers and acquisitions, partnerships etc are discussed in the report. The regions covered in the report are South America, North America, Asia and Pacific region, Middle east and Africa and Europe’s and other vital regions. Profiles of the leading companies operating in the global market are also included in the Electrically conductive coating market research report. Details such as financials, business strategies, key competitors, recent developments and other such strategic information pertaining to these players have been provided as part of the company profiling.
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Global electrically conductive coating market was valued at USD 18.88 billion in 2021 and is expected to reach USD 36.26 billion by 2029, registering a CAGR of 8.50% during the forecast period of 2022-2029.
Overview of Electrically conductive coating market:
Electrically conductive coating is basically a coating that is generally utilized to prevent the accumulation of static electric charges for plummeting surface resistance. Typically, ingredients like polyesters, polyurethanes, epoxy, and acrylics are used to create these coatings. Epoxy is one of the most often used materials because of its high mechanical characteristics, weather resistance, and durability. In many different industries, including solar, aerospace, consumer electronics, bioscience, and automotive, these coatings are employed in place of metals.
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Dynamics Scope, Drivers and Growth Drivers of Electrically conductive coating market:
High Demand For Electrical And Electronics
Electronic equipment is covered with electrically conductive coatings for anti-static and electromagnetic shielding. Electronics and the aerospace industry are only two examples of where electrically conductive coatings are used. Acrylics, epoxy, and polyester are just a few of the compounds used in electrically conductive coatings. Epoxies are one of them and are used for great chemical resistance, abrasion and impact resistance, and excellent durability. They are also scratch-resistant. The most popular coatings for electronics, satellite dishes, and electronic-board level applications are acrylics. When paired with certain chemistry, electronics and electro-medical equipment that produce electromagnetic waves can be shielded more effectively by pigments. The main purposes of these materials are to guard against electrostatic and electromagnetic interferences (EMI).
The rising applications for anti-static protection will further propel the electrically conductive coating market growth rate. Additionally, the high usage across various end use industries for various applications will also drive market value growth. The demand for electrical conductive coatings is increasing as smartphone and consumer electronics penetration increases.
Opportunities
Awareness and Technological Advancements
Furthermore, the awareness regarding the benefits of using this coating and increase in its demand in the industrial sector extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the advancements and development of production process as well as the initiation of advanced technology such as nanotubes will further expand the future growth of the electrically conductive coating market.
Regional Analysis/Insights of Electrically conductive coating market:
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increase in the disposable earnings and the acceleration in the employment rate within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the supporting government policies and growing investments in the region.
The major companies which are dealing in the Electrically conductive coating market:
PPG Industries, Inc. (U.S.)
Akzo Nobel N.V. (Netherlands)
The Sherwin-Williams Company (U.S.)
Valspar (U.S.)
Axalta Coating Systems (U.S.)
Jotun (Norway)
BASF SE (Germany)
Nippon Paints Holdings Co., Ltd. (Japan)
3M (U.S.)
Kansai Paints Co., Ltd. (Japan)
Dupont (U.S.)
KCC Corporation (South Korea)
Covestro AG (Germany)
Esdee Paints (India)
Lubrizol Corporation (U.S.)
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Electrically conductive coating market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
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Segmentation of Electrically conductive coating market:
By Coating Power (Liquid, Powder), Resin Type (Epoxy, Polyesters, Acrylics, and Polyurethanes), Application (Consumer Electronic Displays, Solar Industry, Automotive, Aerospace, Bioscience, and Other Applications)
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