According to a new market report published by Lucintel, the future of the
electrically conductive coatings market looks promising with opportunities in consumer electronics, solar, automotive, aerospace, and bioscience industries. The electrically conductive coatings market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $21.3 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major driver for this market is increasing demand for electrically conductive coatings in consumer electronics, solar panels, and automotive industries.
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In this market, copper, silver, carbon, nickel, and other conductive fillers are used in the manufacturing of electrically conductive coatings. Lucintel forecasts that silver coated copper filled coatings will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its features like excellent conductivity, durability, and low cost as compared to silver based coating.
Within the electrically conductive coatings market, consumer electronics will remain the largest end use industry and it is expected to witness the highest growth over the forecast period due to increase in demand of cell phones, computers, calculators, LEDs, medical devices, electronic displays, and touch panels.
In this market, epoxy, acrylic, polyurethane, polyester, and other polymers are used in electrically conductive coatings for different applications. Lucintel forecasts that epoxy based coatings will remain the largest segment over the forecast period due to its superior mechanical properties, durability, weather resistance, scratch resistance, strong adhesion, and chemical resistance. Lucintel predicts that acrylic based coatings segment is expected to witness the highest growth over the forecast period supported by its properties like excellent weather ability, good conductivity, moisture resistance, and low cost.
Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period supported by increasing demand of consumer electronics, solar panels, and automotive industries especially in China, India, South Korea, and Japan.
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of nanotube technology and uses of indium tin oxide in electrically conductive coatings. PPG, Henkel, AkzoNobel, Axalta Coatings, Creative Materials, RPM, MG Chemicals, Parker Hannifin, Holland Shielding, Shenzhen Kanglibang, and Altana Group are among the major suppliers of electrically conductive coatings.
Lucintel, the leading global strategic consulting and
market research firm, has analyzed growth opportunities in the global electrically conductive coatings market by end use industry, conductive filler, polymer, application, and by region. Lucintel has prepared a comprehensive research report entitled “
Growth Opportunities in the Global Electrically Conductive Coatings Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global electrically conductive coatings market by end use, conductive filler, polymer, application, and region as follows:
By End Use Industry [Volume (M lbs) and $M shipment analysis for 2014 – 2025]: