Electrically Conductive Coatings Market Key Trend Analysis by 2025
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These days, slim and compact electrical and electronic devices are quite high in demand. Enhancing frequency distribution density of electromagnetic energy and increasing plastic usage require an effective and powerful shielding technology of electromagnetic waves. It is in this particular area that electrical conductive coatings play an important role and are gaining traction in the global market.
Electrically conductive coatings consist of raw materials like epoxy, polyurethanes, acrylics and others. Epoxy is extensively used for the formulation of electrically conductive coatings because of their high durability, and mechanical properties. Epoxy based electrically conductive coatings are light in weight and offer scratch resistance, strong adhesion, impact resistance, extreme abrasion resistance and chemical resistance. The rising demand for coating applications including the epoxy-based electrically conductive coatings in various industries such as consumer electronics, automotive, aerospace, etc. is expected to drive the global market during the forecast period. Though electrical conductivity exists in most materials at some level, it is usually enhanced by the use of thermal spray coatings. Electrically conductive thermal spray coatings used in the application of several substrates can range from composites to ceramics and polymers.
Rising per capita income, rapid urbanization and rapid rate of industrialization are some of the macroeconomic factors driving the electrically conductive coatings market globally. Rising demand for electrically conductive coatings for electronic devices including laptops, tablets, mobiles, LED televisions, etc. is likely to affect the market positively.
However, emission of volatile organic compounds and strict environmental regulations are expected to hamper the growth of the electrically conductive coatings market.
Based on type, the global electrically conductive coatings market is segmented into the following:
Based on raw material, the global electrically conductive coatings market is segmented into the following:
Based on end use industry, the global electrically conductive coatings market is segmented into the following:
Electrical & Electronics
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In terms of geography, owing to rising demand for consumer electrical products mainly from China and India, APEJ is anticipated to dominate the market for electrically conductive coatings. Additionally, a significant deciding constriction in the global electrically conductive coatings market is raw material availability. Here, again, Asia Pacific has a significant advantage, further stimulating manufacturers to focus on the region. North America, followed by Western Europe, accounts for a significant share of the electrically conductive coatings market due to the presence of vast industrial sector in the region.
Examples of some of the market participants identified across the value chain of global electrically conductive coatings market include:
PPG Industries Inc.
Henkel AG & Co. KGaA
Axalta Coating Systems
Akzo Nobel N.V.
Creative Materials Inc.
Fluoro Precision Coatings
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