Conductive Coatings Market : New Technology, Application and Investment Analysis By Top Players

Conductive coatings are used to provide a shielding effect for protecting components from the unwanted and harmful radiation interference leading to the failure of the component, rendering it non-functional. They are ideal for applications, such as computer work stations, electronics cabinets, semiconductor wafers, electricity generating cells, and batteries.

Conductive Coatings Market Report, published by Allied Market Research, projects that the global market was valued at $15,120 million in 2016, and is projected to reach at $24,360 million by 2023, growing at a CAGR of 6.8% from 2017 to 2023. The metal compounds segment accounted for approximately half of the share in the conductive coatings market in 2016, and is expected to maintain its lead throughout the forecast period.

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Key Findings of the Conductive Coatings Market Study:

• The solid-state lighting segment is expected to witness the highest growth rate of 13.9% from 2017 to 2023, in terms of value.

• In 2015, North America generated maximum revenue, accounting for over one-third share of the global market.

• Qatar is expected to grow at the highest CAGR of 7.4% during the forecast period 2017-2023.

• The metals and conventional carbon segment dominated the market in 2016, and is expected to contribute significant share throughout the forecast period.

• In terms of both value and volume, Asia-Pacific is expected to witness highest growth rate in the conductive coatings market from 2017 to 2023

The factors that drive the global conductive coatings market include growth in demand from the optics and solar industry. However, the high production and investment costs are expected to hamper the market growth during the forecast period. Steady growth of electronics and automobile industry in the developing countries of Asia-Pacific and LAMEA is anticipated to positively affect the market, thereby, increasing demand for conductive coatings during the forecast period.

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The metals and conventional carbon segment accounted for the highest market share in 2015, owing to the high tenacity, high tensile modulus, and high heat resistance. Protection of electronics & associated components and demand from industries, such as automotive, solar energy, and optics, drive the market growth for metals and conventional carbon conductive coatings.

Analyst Review :

Conductive coatings are used in protection of machines and equipment from harmful radiation interference. They are an easy solution for professionals to achieve regulatory compliance for electromagnetic compatibility (EMC). They are advantageous due to their low cost, high-grade performance, and ready adaptability with various substrates.

The carbon nanomaterials as a material for making conductive coatings has witnessed significant growth rate due to the enhancement of properties that are offered. Carbon nanotubes offer permanent electrical conductivity. Easy embedding into the matrix provides enhanced surface conductivity and volume conductivity. Low density and high surface area reactivity make it a suitable alternative to the conventional materials used. R&D activities in nanotechnology have opened new opportunities for nanomaterials.

Asia-Pacific is the most active region in electronics and optics industry, experiencing steady growth, owing to its favorable government policies supporting foreign investment. Rise in disposable income and steady growth of electronics industry in Asia-Pacific have driven the conductive coatings market. China dominates the market, owing to a strong manufacturing base and availability of a large volume of population resulting into a strategic leader across the market. India is also witnessing strong growth in the market due to the availability of skilled labor and friendly governmental policies.

Top key players :

• PPG Industries Inc.
• Henkel
• Akzonobel N. V.
• Axalta Coating Systems
• 3M Company
• Dai Nippon Printing
• Abrisa Technologies
• Acree Technologies Inc.
• Carclo PLC.
• Cima Nanotech.
•

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