The Electrically Conductive Coatings Market is being driven by Increased focus on research and development
The Electrically Conductive Coatings Market is expected to grow at a CAGR of 7.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7812.7 million. In the realm of advanced coatings, electrically conductive coatings have emerged as a significant market trend. These coatings, which incorporate electrical conductivity through the use of nanotechnology, offer optical transparency and electrical resistivity as low as 90% Tesla without compromising the coating's physical properties. Key components of these conductive coatings include carbon nanotubes, silver, and copper nanoparticles. Their applications span across touchscreens, large area displays, flexible displays, and solar voltaic collectors. Carbon nanotubes, being single-layer graphene rolled into tubes, offer superior electrical conductivity. However, the market growth is challenged by escalating raw material costs, particularly for silver and nano silver particles, which have seen a consistent price hike in recent years.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Consumer electronics industry, Automotive industry, Aerospace and defense industry, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Electrically Conductive Coatings Market Research Report
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The Electrically Conductive Coatings Market encompasses various types of coatings, including Acrylics, Epoxy, Polyesters, and Polyurethanes, infused with conductive materials like Copper, Aluminum, and Silver. These coatings cater to diverse industries such as Aerospace and Defense for antistatic protection, Mobile devices and Computers for advanced conductivity, Solar for photovoltaic applications, and Bioscience for metals substitution. Mechanical qualities are essential for various sectors, while Moisture resistance is crucial for LCDs, Flexible Electronics, and Wearable Electronics. Corrosion Protection and Sustainable Coatings are key trends, with Water-based, Solvent-based, and UV-curable Coatings offering different advantages in terms of Adhesion and Conductivity.
The Electrically Conductive Coatings Market encompasses businesses specializing in the production of conductive coatings, comprising acrylics, epoxy, polyesters, polyurethanes, copper, aluminum, and silver. This sector caters to industries requiring antistatic protection and electromagnetic shielding, primarily in the aerospace and defense sectors. Market expansion is influenced by the rising demand for lightweight, corrosion-resistant materials, driving innovation in conductive coatings technology. Key players in this market include manufacturers of industrial and basic chemicals, excluding those producing diversified chemicals, fertilizers, agricultural chemicals, industrial gases, and specialty chemicals. The global market size is determined by the consolidated revenue generated from the sales of these conductive coatings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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