Electrically Conductive Coating Market Expected to Expand at a Steady CAGR through 2026
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Global Electrically Conductive Coating Market Dynamics:
The growth of the global electrically conductive coatingmarket is driven by growing solar sector and high demand for electrically conductive coating from consumer electronic displays. Macroeconomic factors such as rising per capita income, rapid rate of urbanization, and employment rate as well as the rapid rate of industrialization driving the global electrically conductive coatingmarket. Growing semiconductor and consumer electronics industries also fueling the demand of global electrically conductive coatingmarket. Whereas environmental regulations for the emissions of HAPs (hazardous air pollutants) and VOCs (volatile organic compounds) and initial capital equipment cost is hampering the global electrically conductive coatingmarket particularly in emerging economies such as Asia-Pacific, Middle East & Africa, and Latin America. Some other factors trending the global electrically conductive coatingmarket include high demand for consumer electronic devices such as mobiles, laptops, tablets, and LCD televisions. The company providing the electrically conductive coatinghave significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy. The electrically conductive coatingmarket also has a significant opportunity in the North America and Western Europe region, attributed to growing consumer electronic industry in the region.
Global Electrically Conductive Coating Market Segmentation:
The global electrically conductive coatingmarket is segmented on the basis of raw material, end-user, and region. On the basis of raw material, the global electrically conductive coatingmarket is segmented as polyesters, epoxy, polyurethanes, acrylics, and others, wherein epoxy have significant revenue share and are expected to have substantial growth rate. On the basis of end-user, the electrically conductive coatingmarket is segmented as solar industry, bioscience, consumer electronic displays, aerospace, automotive, and others. Among the end-user segment, consumer electronic displays segment contribute for the significant revenue share and is expected to grow at a significant rate over the forecast period in the global electrically conductive coatingmarket.
Based on raw material, the global electrically conductive coatingmarket is segmented into:
Based on end-use, the global electrically conductive coatingmarket is segmented into:
Consumer Electronic Displays
Global Electrically Conductive Coating Market Regional Outlook:
Based on the geographies, the global electrically conductive coatingmarket is fragmented into seven regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a significant share of the global electrically conductive coatingmarket in terms of value, attributed to rising employment rate and rising disposable income. Western Europe revenue share is followed by North America region in the global electrically conductive coatingmarket, whereas the growth of the electrically conductive coatingmarket is relatively low than other regions as the consumer electronic market is saturated in the region. The Asia-Pacific except Japan region accounts for significantly high volume share in the global electrically conductive coatingmarket with significant growth rate, owing to the rapid growth of consumer electronics industry in the region particularly in countries such as India and China. Eastern Europe and Japan also accounts for significant value share in the global electrically conductive coatingmarket. The developing economy such as Middle East Africa and Latin America have a substantial growth in the global electrically conductive coatingmarket, owing to substantially growing electronic and semiconductor industry in the region. Overall, the outlook for the global electrically conductive coatingmarket will have a positive growth over the forecast period.
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Global Electrically Conductive Coating Market Player:
Few players in the global electrically conductive coatingmarket include Akzo Nobel N.V., Creative Materials Inc., Axalta Coating Systems, Henkel AG & Company, and The PPG Industries Inc.
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