Global Electrically Conductive Coating Market 2023-2030

Global Electrically Conductive Coating Market 2023-2030

Global Electrically Conductive Coating Market Size, Share & Trends Analysis Report Market by Type (Acrylic, Epoxy, Polyester, Polyurethanes, and Others), by Material Type (Copper, Aluminum, Silver, and Other), and by Application (Electronics & Electrical, Automotive, Aerospace and Defense, and Other Applications) Forecast Period (2023-2030)

The global electrically conductive coating market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. The growing demand from end-user industries for various application of electrically conductive coating is a key factor driving the growth of the global electrically conductive coating market. The increasing penetration of mobile and consumer devices has driven the demand for electrically conductive coating market. These coatings utilize components such as polyesters, polyurethanes, epoxy, and acrylics for coating purpose.

Epoxy, known for its exceptional mechanical qualities, durability, and weatherability, is one of the most commonly used materials. In industries such as solar, aerospace, consumer electronics, bioscience, and automotive, these coatings are employed as metal substitutes. Acrylics are gaining popularity due to their low cost, superior conductivity, and moisture resistance. Advancements in coating material are anticipated to offer lucrative opportunities to the growth of the global electrically conductive coating market.

Segmental Outlook

The global electrically conductive coating market is segmented based on type, material type, and application. Based on type, the market is segmented into acrylic, epoxy, polyester, polyurethanes, and other. Based on material type, the market is segmented into copper, aluminum, silver, and other. Based on application, the market is segmented into electronics & electrical, automotive, aerospace and defense, other applications.

Electrical & Electronics held Considerable Share Based on Application

Electronic equipment is covered with electrically conductive coatings for anti-static and electromagnetic shielding. Electronics and the aerospace industry are the key end-users of this coating. Acrylics, epoxy, and polyester are just a few of the compounds used in electrically conductive coatings. Epoxies are one of them and are used for great chemical resistance, abrasion and impact resistance, and excellent durability. They are also scratch-resistant. The most popular coatings for electronics, satellite dishes, and electronic-board level applications are acrylics. Electronics and electro-medical equipment that produce electromagnetic waves can be shielded more effectively by pigments when paired with certain chemistry. The main purpose of these materials is to reduce EMI and electro-static discharge.

Increasing electronic technical breakthroughs, rising demand for safety electronic boards, and rising demand from the construction and aerospace sectors are projected to boost the market for electrically conductive coatings in the coming years for electrical and electronics products.

Regional outlook

The global electrically conductive coating market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held considerable share in the global electrically conductive coating market.

Global Electrically Conductive Coating Market Growth by Region 2023-2030

Source: OMR Analysis

Asia-Pacific held Considerable Share in the Global Electrically Conductive Coating Market

The highly developed electronics sector in China, Japan, and South Korea, coupled with the continuous investments done in the region to advance the aerospace and automotive technology sectors are some of the key promoters to the growth of the regional market. The demand for electronics, such as mobiles, televisions, tablets, keyboards, and laptops, has been significantly increasing due to the adoption of technological improvements in the region.

According to the ‘A call to action for broadening and deepening electronics manufacturing’ report by the Ministry of Electronics and IT, India aims to achieve electronics manufacturing worth US$ 300 billion by 2026. The growing adoption of EVs across the region due to the cohesive government policies and growing investments is further driving the regional market. This is due to the fact that, the demand for electrically conductive coatings is anticipated to get increased with growing automobile sector.

Market Players Outlook

The major companies serving the global electrically conductive coating market include Akzo Nobel NV, Henkel AG & Co. KGaA, Sherwin-Williams, PPG Industries Inc., and Axalta Coating Systems among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global electrically conductive coating market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.