Press release
Electric Paint Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Electric Paint
The increasing production of consumer electronics is expected to drive the growth of the electric paint market. Consumer electronics, such as smartphones and laptops, are in high demand due to technological advancements, rising disposable incomes, and evolving lifestyles. Electric paint is used in consumer electronics for applications like conductive pathways and capacitive sensors. For instance, in May 2023, the Japan Electronics and Information Technology Industries Association reported that the production of consumer electronics in Japan reached over $213 million in that month. The growing production of consumer electronics is fueling the electric paint market.
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What growth opportunities are expected to drive the electric paint market's CAGR through 2034?
The electric paint market will rise from $22.65 billion in 2024 to $24.24 billion in 2025, at a CAGR of 7.0%. Growth is driven by the rise of wearable technology, the IoT boom, renewable energy expansion, consumer electronics miniaturization, and advancements in healthcare technology.
The electric paint market is projected to grow steadily, reaching $31.5 billion by 2029 with a CAGR of 6.8%. Growth is driven by IoT devices, touchscreen technology expansion, advancements in printed electronics, and smart home device integration. Trends include IoT device expansion, automotive electronics innovation, DIY project customization, medical device integration, and energy harvesting systems.
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What are the emerging trends shaping the future of the electric paint market?
Companies in the electric paint market are focusing on specialized formulations for electric vehicles, such as conductive powder coatings, to improve durability and address challenges in vehicle electrification. Conductive powder coatings offer superior adhesion, chemical resistance, and thermal stability, ensuring long-lasting performance. For instance, in January 2023, Akzo Nobel N.V., a Netherlands-based paint manufacturer, launched Resicoat EV powder coatings to protect electric vehicle components. This range includes Resicoat EVpack for battery pack protection, Resicoat EVcell for insulation, and Resicoat EVcooling for thermal and electrical efficiency in cooling applications.
Which growth-oriented segments of the electric paint market are leading the industry's development?
The electric paint market covered in this report is segmented -
1) By Type: Thermochromic, Photochromic, Soluble Conductive Ink
2) By Product Types: Epoxy, Polyesters, Acrylics, Polyurethanes
3) By Application: Consumer Electronic Displays, Solar, Automotive, Aerospace, Bio-science, Other Applications
Subsegments:
1) By Thermochromic: Reversible Thermochromic Paints, Irreversible Thermochromic Paints
2) By Photochromic: UV-Activated Photochromic Paints, Light-Activated Photochromic Paints
3) By Soluble Conductive Ink: Water-Soluble Conductive Inks, Solvent-Based Conductive Inks
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What regions are leading the charge in the electric paint market?
Asia-Pacific was the largest region in the electric paint market in 2023. The regions covered in the electric paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the electric paint market?
Major companies operating in the electric paint market are Heraeus Holding GmbH, Henkel AG & Co. KGaA, PPG Industries Inc., Parker Hannifin Corp., DuPont de Nemours Inc., Akzo Nobel N.V., Sun Chemical Corp., Novacentrix, Electrolube Ltd., Acheson Industries, Lechler S.p.A., Integran Technologies Inc., Cima Nanotech Inc., MG Chemicals, Graphenano, Voltera, Promethean Particles Ltd., Creative Materials Inc., Bare Conductive Ltd., Intelligent Material Solutions Inc., Applied Graphene Materials, Nano3D Biosciences Inc
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What Is Covered In The Electric Paint Global Market Report?
•Market Size Forecast: Examine the electric paint market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric paint market for a structured understanding.
•Key Players Overview: Analyze major players in the electric paint market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric paint market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric paint market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric paint market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric paint market.
•Competitive Landscape: Review strategic developments in the electric paint market, including expansions, agreements, and new product launches.
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