Electrically Conductive Coating Market Evolving Industry Trends 2024
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Electrically conductive coatings are majorly classified into the polymeric derivatives utilized and conductive filler dispersed varieties. Their applications include shielding of EMI & RFI effects, electronics, packaging, and electrode material fields. Electrically conductive coatings are generally applied to non-conductive substrates such as polymers, ceramics, polycarbonates, or composite materials, which helps impart conductive properties to the surfaces of dielectric components. These coatings can also be applied to less conductive metallic substrates to create a conductive path on the surface and help to manufacture components out of expensive conductive materials which are generally used to produce creating static dissipative elements, heating elements, ground straps, slip rings, flexible circuits, contact points, and commutator segments. Electrically conductive coatings are applied in the electrolysis process as thin layers of coating for capacitors and ceramic surfaces. Major drawbacks of this product include unevenness of the conductive fillers caused by insufficient mixing, development of cracks on the coating & the base material caused by an incompatible solution, and whitening of the surfaces in hot and humid environments.
The recent rise in demand for electronic displays & solar products is driving the electrical conductive coatings market globally. Consumer electronic are a rapidly growing segment of the market. Electrically conductive coatings are used in electronic displays, LCD, touch panels, computers, cell phones, radios, calculators, and pagers, to provide electromagnetic interference shielding and dissipation of static charge. This market is projected to reach USD 20 billion globally by the end of 2020. The global consumer base for the electronics and semiconductor sectors is likely to extend further in the next few years due to increased demand in major economies such as India, China, the U.S., Germany, France, and Brazil, thereby boosting the need for conductive coatings. Major restraints for the electrically conductive coatings market are the initial capital required for the equipment and the increasingly stringent environmental regulations on air pollutants and volatile toxic compounds emitted during the coating processes.
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The U.S is a market leader in the production and application of the conductive coatings. Asia-Pacific is, a prominent and speedily developing market for electrically conductive coatings with China the dominant country and India witnessing a high growth rate attributed to rapid economic growth and industrialization in the country. Major global players in the production of electrically conductive coatings include Akzonobel, Axalta Coating Systems, Henkel AG & Company, PPG Industries Inc., and Creative Materials Inc.Technological breakthrough in the consumer electronics industry and bioscience are propelling the market for electrically conductive coatings. Growing end use applications of the electrical conductive coatings globally would drive the market further.
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