Conductive Coatings Market size is forecast to reach $25.6 billion by 2025, after growing at a CAGR of 8.2% during 2020-2025. With rise in demand for consumer electronics, the demand for conductive coatings is also increasing. Conductive coatings are being widely used in the EMC-related applications such as communications equipment, medical monitors & analyzers, mobile phones, consumer electronics, network/satellite systems, computer equipment, military & weapons systems, laptops, industrial & automated control systems, and aerospace systems. Thus, the increasing application of conductive coatings due to its extensive set of properties such as low VOC content, non-flammable, noxious vapors, and durability is anticipated to drive the conductive coatings market substantially during the forecast period.
Asia Pacific dominates the conductive coatings market, owing to the expansion of electronics and information technology industries in the region. The increasing population coupled with increasing demand for electronic appliances is the major reason for the expansion of electronics and information technology industries in the region.
The carbon nanomaterials are extensively replacing the conductive pigments such as conventional carbon black or metallic particles to increase the conductivity of coatings. Also, conductive coatings are being widely used in manufacturing photovoltaic cells to improve its electrical conductivity.
Conductive coatings are often used to solve a variety of electromagnetic compatibilities (EMC) issues such as specific absorption ration protection, electrostatic discharge, ground plane, electromagnetic shielding, and lightning strike protection, due to which the demand conductive coatings are increasing.
Epoxy Conductive Coatings are being widely used as a conductive base for electroplating, for creating durable grounded surfaces, or for any process where it is necessary to create a mar-resistant conductive surface. Thus, the increasing usage of epoxy conductive coatings will further drive the conductive coatings market.
Due to the COVID-19 Pandemic, most of the countries have gone under lockdown, due to which operations of various industries such as electrical and electronics has been negatively affected, which is hampering the conductive coatings market growth.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=501523
Drivers – Conductive Coatings Market
Increasing Demand from the Medical Industries
Major players in the conductive coatings market are PPG Industries Inc., Henkel, Akzonobel N. V., Axalta Coating Systems, 3M Company, Dai Nippon Printing, Abrisa Technologies, Acree Technologies Inc., Carclo PLC., and Cima Nanotech.
About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.