Global Electrically Conductive Coating Market - 2020-2027
全球導電性塗料市場在太陽能電池、消費電子顯示器等需求不斷增長，以及汽車、航空航天、生命科學等領域對環氧基導電塗料需求增加的支持下，預計將持續擴大。特別是在亞太國家，由於汽車印刷電路板 (PCB) 的需求快速增長，預計市場將顯著增長。
Electrically conductive coatings are frequently used to protect the components from Electromagnetic Interface (EMI), for anti-static protection, in printed circuits inks, to thermal indulgence (photocopy machine parts) and in electrically conductive connections. Plastic enclosures/housings and components must be abundantly or selectively coated with electrically conductive coatings for the specific purposes, such as interference emission, that can prove to be quite beneficial. The coating, relying on the application, may produce from a standard coating; however, is inhabited with a range of conductive material, such as graphite, silver, gold, nickel, or copper. However, the use of graphene and carbon nanotubes as a filler has imparted conductivity in coatings.
The global electrically conductive coating market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
The growth in the electrically conductive coatings market has witnessed significant growth, owing to factors such as increasing demand from the solar sector and the consumer electronic displays for the electrically conductive coating. Also, the growing demand for coating applications such as epoxy-based electrically conductive coating in various industries, including automotive, aerospace, and bioscience, is further influencing this market. Furthermore, increasing urbanization & industrialization, coupled with rising demand for more electronics, is also expected to boost the market growth. However, environmental regulations for the emissions of HAPs (hazardous air pollutants), VOCs (volatile organic compounds), and initial capital equipment cost may hamper the growth of the global electrically conductive coating market Furthermore, the growing penetration of smartphone and tablets further boost the need for electrically conductive coating in the global market throughout the forecast period.
Increasing Consumer Electronics Products Demand and Government Legislation for the Environemnt Safety in the Industry
According to the coating segment, the growth for electrically conductive coatings is increasing due to rising demand from the electronics industry. Also, the technological advancements in electronics products have resulted in an increase in the demand for advanced coating materials that offer improved strength, better conductivity and compatibility in accordance with electronic circuits. These coatings are a fairly viable option to meet this niche demand that drives the market growth. Besides this, the disposal of electronic and electrical wastage creates environmental issues and pollution hazards.
According to the market trends, there are various regulations laid down by governments in developed countries to reduce pollution. Owing to this, the use of electrically conductive coatings is regulated closely which adversely affects the market and restricts demand. This is a major constraint in the global electrically conductive coatings market.
Rapid growth in PCB Consumption across industries in the Asia Pacific
PCB (printed circuit boards) act as an integral part of electronic devices that controls numerous functions such as lighting, security, infotainment systems, and fuel monitoring automotive industry. Also, these coatings featured electrically conductive media, a barrier against environmental contaminants, resilient dielectric insulation and stress-relieving shock and vibration that finds frequent use in automotive PCBs.
Following the recent market trends, widening electrically conductive coating market opportunities is primarily due to the booming chemical and materials products market demand in the Asia-Pacific region. Chemical and material market growth in the region is due to awareness, enhanced quality, and rising purchase parity among populations. Supplementary driving factors to industry growth are coupled with changing customer preferences towards organic chemicals and material due to the aftermath of synthetic additives.
COVID-19 Impact Analysis
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. Also, the lockdown policies have strengthened the demand for industrial products under electronics, automotive and other industrial sectors across the globe. Therefore, the manufacturers are started investing to increase the production capabilities to meet the global market's updated demand in near future.
In the post-pandemic scenario, it has been estimated that there is growth in the overall industrial sector, which is expected to drive the electrically conductive coating market size in the global market during the forecast period.
Based on the raw material, the electrically conductive coating market has been classified into epoxy based coating, polyurethane based coating, acrylics, polyesters, and others.
Epoxy segment accounted for the highest market share in the global market
In 2019, the epoxy accounted for the largest market share, owing to the coatings provide for quicker production throughput due to the shorter processing time and less handling of assemblies required. These coatings provide excellent electromagnetic interference (EMI) / radio-frequency interference (RFI) shielding and filling in seams between metal plates. These epoxy-based coatings are used in industries, such as consumer electronics, military & commercial aircraft, automotive and biosciences, among others. Also, epoxy resin is the fastest-growing segment in the overall market, due to its increasing use in powder form coating applications.
Further, the paints & coatings and composites are the major application segments of epoxy resins. They have widely used in paints & coatings application for their mechanical and protective properties. Besides, the epoxy resin market in the composites application segment is witnessing the highest growth. This is mainly influenced due to strong demand for composites and coatings from aircraft manufacturers.
Epoxy is widely used for the creation of electrically conductive coatings on account of its high durability, and mechanical properties. Epoxy-based electrically conductive coatings are generally lightweight and provide scratch resistance, impact resistance, chemical resistance, and strong adhesion properties. These inherent traits are further stimulating the growth of epoxy resin in the global market of electrically conductive coatings
Based on the end user, the electrically conductive coating market has been classified into consumer electronics, automotive, medical, aerospace, military, and others.
Consumer Electronic segment dominated the global electrically conductive coating market in 2019
Consumer electronics is a rapidly growing segment of the electrically conductive coatings market. Electrically conductive coatings are broadly used in a variety of electronic items, such as electronic displays, touch panels, LCD, computers, cell phones, calculators, radios, and pagers, to deliver electromagnetic interference shielding and dissipation of static charge. The system often allows for greater flexibility in a broad range of electronic products. The system can develop the frame without being backed by the panel. This allows to change up the panels with slat-wall, solid colors and graphics quickly and converting from wall to floor display with great ease. Moreover, the growing adoption of 3G and 4G communication technologies on the back of their affordability, along with the wide availability of Wi-Fi in private as well as commercial spaces has positively impacted the popularity of video streaming expected to grow global electrically conductive coating market in the forecast period.
Based on geography, the study analyzes the electrically conductive coating market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Asia Pacific market to rise at the fastest rate during the forecast period
The electrically conductive coatings market is mainly dominated by the Asia Pacific region, owing to the presence of major electronics companies in the region. Also, the growth of the electronics industry has witnessed high in the Asian countries, especially Taiwan, China, Korea and Japan, among others. On account of this, the demand for electrically conductive coatings is expected to incline at a significant rate and is expected to register healthy growth over the forecast period. Being major consumers and producers, China, followed by Taiwan and Korea are expected to dominate the electrically conductive coatings market over the forecast period. Western Europe is expected to register sluggish growth over this time frame due to the economic slowdown in the region. While the demand for the electrically conductive coating market in North America is expected to increase, owing to the robust growth in the solar industry, where these coatings are most extensively used. Further, Latin America and the Middle East & Africa region are expected to register slow growth over the forecast period.
The electrically conductive coating market is highly competitive, owing to the presence of big coating manufacturers brands. The key electrically conductive coating electrically conductive coating players which are contributing to the growth of the global market Panacol-Elosol GmbH, Masterbond, The 3M Company, H.B. Fuller, Aremco Products, Inc., DOW Corning, Coatex Industries, Bacon Coatings, Henkel AG & Co. KGaA, Permatex,Kemtron Ltd., Shenzhen Kanglibang Technology Co., Ltd., and Shanghai NH trade Co., Ltd., among others. The major players are adopting new product launch and expansion strategies for global growth in the electrically conductive coating market.
The 3M Company
Overview: The 3M company is engaged in mechanical or industrial engineering. Its products include Innovation, Collaboration, and Global, Diverse Career Opportunities. The company also provides a broad assortment of coatings, electronic materials, passive fire protection, abrasives, dental and orthodontic products, laminates, medical products, electronic circuits, car-care products, and optical films, among others. It has extensive geographical operations in North America, Central and Eastern Europe, Africa, Asia Pacific, Latin America, Western Europe, Middle East, Africa and Asia-Pacific. The 3M Company based in Minnesota, United States.
Product Portfolio: The company's portfolio comprises coatings, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products, electronic circuits, and optical films and other services.
The global electrically conductive coating market report would provide access to an approx. 76 market data table, 64 figures and 270 pages.
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