Electrically Conductive Coating Market Set for an 8.1% CAGR Surge to US$ 35.22 billion by 2030

Electrically Conductive Coating Market Overview

“The global Electrically Conductive Coating Market was valued at 20.42 billion in 2023 and is expected to reach 35.22 billion by 2030, increasing at an 8.1% CAGR from 2023 to 2030.”

Advanced materials that can transmit an electrical current can be applied as paint, spray, or laminates and are known as conductive coatings. A tiny coating of this may be sufficient to boost the conductivity of a particular area of your aircraft.

As mobile & consumer gadgets become more prevalent, there is an increasing demand for electrically conductive coatings. Some of the materials utilized in these coatings include polyesters, polyurethanes, epoxy, and acrylics.

Epoxy is one of the most widely used materials due to its remarkable mechanical properties, durability, and weather resistance. These coatings are used to replace metals in sectors like solar, aerospace, consumer electronics, bioscience, and automotive. Due to their inexpensive cost, better conductivity, and moisture resistance, acrylics are growing in popularity.

Materials like polymers and ceramics benefit from the efficiency and abrasion resistance of conductive coatings. Due to their electrically conductive coatings' resistance to abrasion, heat, and high temperatures, these materials are employed in a variety of electronic appliances.

Epoxy and acrylic are the two resin types that are most frequently employed in electrically conductive coatings. They are employed in the production of several goods, including LCD screens, control panels, and other electronic equipment.

Electrically conductive coatings are used to protect electromagnetic fields and prevent static buildup on electronic devices. Electrically conductive coatings are employed in a variety of industries, including electronics and aircraft. Just a few of the substances employed in electrically conductive coatings are polyester, epoxy, and acrylics.

One of them, epoxies, is utilized for outstanding durability, great chemical resistance, and resistance to abrasion and impact. They are also resistant to scratches. Acrylic coatings are the most widely used materials for applications on electrical boards, satellite dishes, and other devices.

Pigments can be used to hide electromagnetic waves produced by electronics and electro-medical equipment more successfully when combined with certain chemistry. These materials' primary goals are to protect against EMI and electrostatic discharges (ESD).

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Market Dynamics

Drivers and Restraints

• The global electrically conductive coating market is expanding due to the growing solar sector and increased demand from consumer electronic displays.
• Rising per capita income, urbanization, employment rates, and industrialization are driving this growth. The semiconductor and consumer electronics sectors are also driving the market.
• Environmental regulations and initial capital requirements are also driving growth.
• The global electrically conductive coating market faces challenges due to high equipment costs, especially in Asia-Pacific, Middle East and Africa, and Latin America.
• The demand for consumer electronic devices like mobile phones, laptops, tablets, and LCD televisions is also driving the market. Companies offering electrically conductive coatings have a significant advantage in these regions.
• North America and Western Europe also have significant opportunities due to the developing consumer electronics industry.

Key Benefits

• Our coating methods can apply highly conductive materials to non-conductive substrates like ceramics, polycarbonates, or composites, providing excellent conductive qualities to dielectric component surfaces.
• Additionally, we can apply these coatings on less conductive metallic substrates, allowing for the creation of conductive channels without the need for costly conductive materials in component manufacturing.

Electrically Conductive Coating Market Segment Analysis

On the basis of type

On the basis of type, the electrically conductive coating market is sub-segmented into Polyesters, Epoxy, Polyurethanes, and Acrylics. Polyester is a type of artificial or synthetic fiber. Polyethylene Terephthalate (PET), which is short for its technical term and would be its legal name if it were to be born, is created by combining ethylene glycol and terephthalic acid.

Polyester is a type of plastic that is created in a lab from chemical ingredients. The family of basic elements or dried end products known as epoxy includes epoxy resins. The collection of reactive prepolymers and polymers known as epoxy resins, commonly referred to as polyoxides, include epoxide groups.

Epoxy is another name for the functional group made up of epoxides. Oxirane is the epoxide group's IUPAC name. Epoxy resins can react (cross-link) with a variety of co-reactants, such as polyfunctional amines, acids (including acid anhydrides), phenols, alcohols, and thiols (often referred to as mercaptans), as well as with themselves through catalytic photopolymerization.

The cross-linking reaction is frequently referred to as curing, and these co-reactants are frequently referred to as hardeners or curatives. The term "polyurethane" describes a group of polymers made up of organic building blocks connected by carbamate (urethane) linkages.

Polyurethane may be made from a variety of starting ingredients, unlike other conventional polymers like polyethylene and polystyrene. This chemical diversity generates polyurethanes with a wide range of chemical structures, resulting in several uses.

Acrylic coatings can be employed in formulations that are waterborne, powder-curable, organic solvent-borne, or radiation-curable. They are mostly used to coat industrial items and polish architectural or decorative surfaces.

Salinity and conductivity are indicators of what is dissolved in water since they measure the water's capacity to conduct electricity. A greater conductivity value in the SWMP data denotes that the water contains more compounds dissolved in it. Electricity can flow through water according to its conductivity.

Liquid and Powder are the forms of the Electrically Conductive Coating Market.

Also, on the basis of the application Electronic Displays, Automotive, Aerospace components, Medical Equipment, Consumer Electronic Displays, Solar Industry, and Bioscience. A screen, also referred to as an electronic visual display, is a presenting tool for images, text, or video conveyed electronically without creating a permanent record.

Digital signage, computer monitors, and televisions are examples of electronic visual displays. According to the definition given above, an overhead projector (along with the screen it projects text, images, or videos onto) could conceivably be regarded as an electronic visual display since it serves as a means of presenting images, plain text, or videos that have been transmitted electronically without creating a permanent record.

Additionally, they are widely used in mobile computing platforms including tablets, smartphones, and information appliances. Like most coatings, automotive coatings are primarily employed for protection and ornamentation. Twenty years ago, corrosion and fade/gloss from sunlight, acid rain, and other degradations were the main issues with car coatings. Aviation coating, aircraft paint, and aerospace coating are other names for the same thing.

To increase the lifespan of aircraft structures, the production, repair, and maintenance crew uses specialized aviation paints. While the medical coating is an essential step in the production of medical devices that meet the rigorous industry standards for patient safety.

Medical coating uses a variety of techniques, the most notable of which are textile and polymer coating. The major global use of electrically conductive coating is in consumer electronic displays.

In order to offer EMI shielding and static charge dissipation, electrically conductive coatings are utilized as thin films over plastic casings and plastic housings in LCDs, electronic displays, touch panels, computers, mobile phones, radios, calculators, and pagers.

Thin layers of these coatings are also applied to ceramic surfaces and tantalum capacitors during electrolysis operations.

Electrically Conductive Coating Market Competitors

global Electrically Conductive Coating industry include the major market players are PPG Industries Inc, Henkel AG & Co., Axalta Coating Systems, Akzo Nobel N.V., Creative Materials, Inc., Fluoro Precision Coatings, MG chemicals, PARKER HANNIFIN CORP., Holland Coating, Altana Group, and Others.

New Developments

19 April 2023: AkzoNobel acquired the Chinese Decorative Paints business from Sherwin-Williams.

25 May 2023: AkzoNobel launched bisphenol-free internal coating for beverage can end.

Axalta Launches New Self-bonding Electrical Steel Coating

Axalta Coating Systems, a leading global manufacturer of liquid and powder coatings, has developed a new one-component self-bonding electrical steel varnish called Voltatex® 1175W-1K. The new varnish offers longer shelf life and significantly improved handling with the same technical performance as standard two-component systems.

Parker Hannifin, through its chomerics division, launched PREMIER PBT-225, a conductive plastic that offers superior performance and hydrolysis resistance.

Solvay completed the acquisition of Ryton Polyphenylene Sulfide (PPS) business from Chevron Phillips Chemical Limited (US). Solvay has bought two Ryton PPS resin manufacturing units in Borger, Texas. The acquisition will help the company in expanding its footprint in new region and tap the untapped market.

Electrically Conductive Coating Market Regional Outlook

The electrically conductive coatings market is predicted to continue to develop fastest in the Asia-Pacific region through 2022. Due to its enormous population and expanding economy, China dominates the market for electrically conductive coatings in the Asia-Pacific area.

The markets for electrically conductive coatings are expected to grow most quickly in China and India. The need for electrically conductive coatings is rising globally due to the major economies of China, Japan, and South Korea each seeing rapid growth in their respective electrically conductive coatings markets.

 Additionally, China is anticipated to continue to be the key hub for the consumption of electrically conductive coatings during the projected period due to the growing demand for and manufacture of various electronic equipment as well as rising disposable incomes.

Western Europe dominates the global electrically conductive coating market, followed by North America, but development is slower due to consumer electronics industry saturation.

The Middle East, Africa, and Latin America are experiencing significant growth in the global electrically conductive coating market due to their expanding electronic and semiconductor industries, with the market expected to grow at a favorable rate.

Key Market Segments: Electrically Conductive Coating Market

Electrically Conductive Coating Market by Type

• Polyesters
• Epoxy
• Polyurethanes
• Acrylics

Electrically Conductive Coating Market by Form

• Liquid
• Powder

Electrically Conductive Coating Market by Application

• Electronic Displays
• Automotive
• Aerospace components
• Medical Equipment
• Consumer Electronic Displays
• Solar Industry
• Bioscience

The above information has been provided for the following regions and countries

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Italy
• Russia

Asia Pacific

• China
• India
• Japan
• South Korea

Latin America

• Brazil
• Mexico

MEA

• UAE
• Saudi Arabia
• South Africa

Frequently Asked Questions

What is the worth of the global electrically conductive coating market?

The global Electrically Conductive Coating Market was valued at 20.42 billion in 2023 and is expected to reach 35.22 billion by 2030, increasing at an 8.1% CAGR from 2023 to 2030.

Which market segments are covered in the report on the electrically conductive coating market?

Based on type, form, application, and region the electrically conductive coating market reports divisions are broken down.

What is the CAGR of the electrically conductive coating market?

The global electrically conductive coating market registered a CAGR of 8.1% from 2023 to 2030. The industry segment was the highest revenue contributor to the market.

Which are the top companies to hold the market share in the electrically conductive coating market?

Key players profiled in the report include PPG Industries Inc, Henkel AG & Co., Axalta Coating Systems, Akzo Nobel N.V., Creative Materials, Inc., Fluoro Precision Coatings, MG chemicals, PARKER HANNIFIN CORP., Holland Coating, Altana Group, and others

Which is the largest regional market for the electrically conductive coating market?

During the anticipated period, APAC will account for 38% of the growth in the Electrically Conductive Coating market. The electrically conductive coatings market in APAC is primarily dominated by China and India.