Electric Paint Market Trends That Will Shape the Next Decade: Insights from Specialized Formulations For Electric Vehicle Applications

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Electric Paint Market Size By 2025?
The size of the electric paint market has seen a substantial increase in recent times. The market, valued at $22.65 billion in 2024, is projected to reach $24.24 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.0%. This significant growth during the previous years can be traced back to the emergence of wearable technology, the surge in the internet of things (IoT), the expansion of renewable energy, the downsizing of consumer electronics, and technological advancements in the healthcare sector.

How Big Is the Electric Paint Market Size Expected to Grow by 2029?
The market for electric paint is projected to experience robust expansion in the coming years, reaching a staggering $31.5 billion by 2029 with a compound annual growth rate (CAGR) of 6.8%. This expected increase during the forecast period can be credited to the rise of Internet of Things (IoT) devices, the development of touchscreen technology, progresses in printed electronics, and the assimilation of smart home devices. The forecast period is also expected to see some significant trends like the growth of IoT devices, advances in automotive electronics, adaptations for DIY projects, extension into medical devices, and incorporation into energy harvesting systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-paint-global-market-report

Which Key Market Drivers Powering Electric Paint Market Expansion and Growth?
The escalating production of consumer electronics is anticipated to drive the expansion of the electric paint market. Consumer electronics are electronic commodities, such as smartphones, laptops, televisions, and home appliances, utilized daily by individuals. This market expansion is attributed to technological progress, increased disposable income, changing lifestyle patterns, and a surge in the necessity for connected gadgets, entertainment alternatives, and smart home systems. Electric paint is employed in consumer electronics to generate conductive routes, capacitive sensors, and interactive interfaces. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that the overall electronic equipment production in Japan hit $5,128.55 million (¥771,457 million). Moreover, consumer electronics production escalated to $213.39 million (¥32,099 million) in May 2023, a significant rise from $155.79 million (¥23,425 million) in January 2023. Consequently, the amplified production of consumer electronics propels the electric paint market's growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15560&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Electric Paint Market?
Leading corporations involved in the electric paint market, are creating tailored formulations catered specifically to electric vehicle applications, like conductive powder coatings, in order to address the unique demands of vehicular electrification and to improve durability. These conductive powder coatings offer enhanced adhesion, resistance to chemicals, thermal resilience, and insulating characteristics, bolstering long-term efficiency and reliability. For example, Akzo Nobel N.V., a Netherlands-based paint and performance coating manufacturer, in January 2023, unveiled their Resicoat EV powder coatings series. This series is specifically designed to safeguard the electrical components and battery systems of the new generation electric vehicles. Additionally, this series employs forward thinking technologies to enhance and safeguard various electric vehicle parts such as the battery systems, motors, and electrical storage units. The series also comprises of products like Resicoat EVpack for battery pack safety, Resicoat EVcell for insulation between cells, and Resicoat EVcooling to ensure advanced thermal and electrical function in cooling systems.

What Are the Emerging Segments in the Electric Paint Market?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15560&type=smp

Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Electric Paint Industry?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15560

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.