Global 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) – Industry Trends and Forecast to 2029
Market Analysis and Size
There has been immense growth in electrical and electronics which has further boosted the demand for these coatings. Additionally, there has been strong expansion of automobile industry, which have largely increased the overall growth for the market. These factors will help market to gain traction over forecasted period.
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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Coating Power (Liquid, Powder), Resin Type (Epoxy, Polyesters, Acrylics, and Polyurethanes), Application (Consumer Electronic Displays, Solar Industry, Automotive, Aerospace, Bioscience, and Other Applications)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
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) and Lubrizol Corporation (U.S.)
|
|
Market Opportunities
|
|
Market Definition
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.
Electrically Conductive Coating Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- 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.
Restraints/Challenges
- High Costs
However, the market for electrically conductive coatings is being constrained by high initial equipment costs and legislative restrictions on the emissions of hazardous air pollutants.
- Stringent Regulations
The increasingly stringent environmental regulations on air pollutants and volatile toxic compounds emitted during the coating processes will further create negative impact on the market. Therefore, this factor will challenge the electrically conductive coating market growth rate.
This electrically conductive coating market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electrically conductive coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Electrically Conductive Coating Market
The recent outbreak of coronavirus had a negative impact on the electrically conductive coating market. The rate of growth will abruptly fall as the epidemic worsens because of shaky markets and increasing financial stress. Restrictions on movement made a significant dent in economic activity. Significant economic disruptions are also occurring in Southeast Asian nations and India. Lockdowns enacted by various governments caused businesses and offices to close down, and all activity stopped. In order to keep the industries operating during these challenging times, the government imposed laws and limits on workforce. As a result of the threat to the need for the market for coatings, many industries, including those in the construction, automotive, white goods, and electronics, have slowed down. The industries are required to uphold the dignity of the government because of the strict rules and restrictions that must be followed.
However, it is anticipated that the market will rebound when individual regulatory bodies start to ease these imposed lockdowns. Additionally, the market is capable of recovering from losses brought on by a surge in some businesses and end use sectors. The market's product and service portfolio is also being developed with help from well-known firms operating across various worldwide regions, which will accelerate the market's expansion by the end of the forecast period.
Recent Development
- In July 2021, The partnership between AkzoNobel N.V. and Mercedes-Benz was extended for a further four years. This means that the business will keep offering automotive and specialty coatings, as well as being a preferred partner in Indonesia, as well as other goods and services for vehicle refinishing in China.
Global Electrically Conductive Coating Market Scope
The electrically conductive coating market is segmented on the basis of coating powder, resin type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Coating Power
- Liquid
- Powder
Resin Type
- Epoxy
- Polyesters
- Acrylics
- Polyurethanes
Application
- Consumer Electronic Displays
- Solar Industry
- Automotive
- Aerospace
- Bioscience
- Other Applications
Electrically Conductive Coating Market Regional Analysis/Insights
The electrically conductive coating market is analyzed and market size insights and trends are provided by country, coating powder, resin type and application as referenced above.
The countries covered in the electrically conductive coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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 country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electrically Conductive Coating Market Share Analysis
The electrically conductive coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electrically conductive coating market.
Some of the major players operating in the electrically conductive coating market are
- 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.)
SKU-