Global Electrically Conductive Coating Market: Overview
The electrically conductive coating is a coating that is used for prevention of static electric charges that is accumulated; this accumulation reduces the surface resistance. The widely used electrically conductive coating is epoxy. The benefits of using the epoxy conductive coating are it is resistant to the weather conditions, it has favorable durability, and enhanced mechanical properties. The epoxy coatings are light in weight and thus has replaced the use of metals such as copper in the solar, aerospace, consumer electronics, automotive, bioscience, and others.
Global Electrically Conductive Coating Market: Segmentation
The electrically conductive coating market is segmented globally into its material type, application, and regions. On the basis of the material type, the global market is segregated into epoxy, acrylics, polyesters, polyurethanes, and others. Based on the application, the market is categorized into consumer electronic displays, automotive, bioscience, solar industry, aerospace, and others. Region-wise, the global electrically conductive coating market is diversified into Asia-Pacific, Europe, North America, and Rest of the World.
Global Electrically Conductive Coating Market: Growth Factors
The key factors that are driving the electrically conductive coating market are the rising demand from the solar sector and the consumer electronic displays for the electrically conductive coating. The other factors that are contributing to the market growth are rapid urbanization in different regions, rapid industrialization, increasing per capita income, and the increase in the employment rate is driving the growth of the market. The consumer electronics and the semiconductor industries are growing on a large scale which in turn is driving the demand for the electrically conductive coatings. The increasing demand for the appliances such as laptops, LCD televisions, and tablets are increasing the manufacturing of the consumer electronics market which in turn fuels the market growth of electrically conductive coating market. There are factors that are restraining the market growth such as the harmful emissions that are emitted such as HAPs and VOCs cause harmful effects on the environment and the initial capital cost is also high, thus affecting the market growth in a negative way.
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Global Electrically Conductive Coating Market: Regional Analysis
The region that dominates the electrically conductive coating market is the North America. The factors that contributed the market growth in the North American region include the increase in the disposable income and the rise in the employment rate. The region that follows North America is Europe. The increase in the production of the consumer electronics is the key factor that is driving the electrically conductive coating market in the European region. The Asia Pacific region also holds a good share in the global market owing to the growth of the semiconductor and consumer electronics industries.
Global Electrically Conductive Coating Market: Competitive Players
The major market players in the electrically conductive coating market include Henkel AG & Company, Axalta Coating Systems, The PPG Industries Inc., Akzo Nobel N.V., and Creative Materials Inc.