Electrically Conductive Coating Market Value and Growth:
Electrically Conductive Coating Market was around USD 15.02 Billion by revenue, at the end of 2020. It is expected to grow at a CAGR of 8.05 % to reach close to USD 22.12 Billion in the forecast, The Electrically Conductive Coating Market has a decent growth pace in the global market, which is driven by the demand for the acrylics coatings for they are better conductors and are available at low costs. The Electrically Conductive Coating Market is expected to reach a total of USD 22.12 Billion with an 8.05 % CAGR.
Electrically Conductive Coating Market Drivers and Restraints:
The global market is mainly driven by the demand for the acrylics coatings for they are better conductors and are available at low costs. Also, the rising demand for the consumer electronics application and the use of Electrically Conductive Coating in it helps in the growth of the Electrically Conductive Coating market.
However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific restrains the market expansion into regions like the Middle East and Africa.
Electrically Conductive Coating Market Segmentation Analysis:
Based on the type of coatings, the global market is segmented into Epoxy, Polyesters, Acrylics, Polyurethanes. Among the mentioned types of coatings, the acrylics segment is projected to have the highest market share and is expected to grow with the fastest growth rate in the proposed forecast period. The growth is mainly attributed to their better conductivity, low cost, and resistance towards moisture.
Based on the application of these coatings, the global market is segmented into Consumer Electronic Displays, Solar Industry, Automotive, Aerospace, Bioscience. Of the mentioned applications, the consumer electronics display is the most extensive application and is anticipated to have the fastest growth rate in the forecast period. The growth is mainly attributed to the demand for compact and less sophisticated electronics which can replace the use of internal wiring to conserve space.
Electrically Conductive Coating Market Geographical Analysis:
By geography, the market is segmented as Europe, Asia Pacific, Latin America, North America, and Middle-East & Africa. The Asia Pacific region holds the largest share of the Global Market in the year of 2018, in terms of value and volume. The environmental advantages in this region, like the ease of company setup, cheap resources, and a large number of the skilled population are the primary reasons for the fast-emerging industries in this region, hence the region’s position in the global market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.
Europe is next in the lead of the global market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Electrically Conductive Coating Market in this region. This region is the second-fastest-growing region in the global market in the projected forecast period.
North America is next in the lead of the Global Electrically Conductive Coating Market by both value and bulk, as of 2018. The situation of most of the key players in the global market in North America is the main reason for its market position. This region has the third-fastest growth rate on a worldwide scale.
On the other hand, the Middle East & Africa and Latin America regions, being in the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.
Electrically Conductive Coating Market Key Market Players:
By the end of 2018, Creative Materials Inc. (U.S), Henkel AG & Company (Germany), Akzo Nobel N.V. (Netherlands), Axalta Coating Systems (Netherlands), and The PPG Industries Inc. (U.S.) among others are the leading shareholders of the global market for Electrically Conductive Coating Market. There is a constant competition between these companies regarding the pricing and quality of the product.
A research study at IIT Bombay has resulted in the fabrication wearable supercapacitor, which uses the electrically conductive coating. This new invention can power a GPS location-based transmitter or a 1.8-volt LED.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2.2 Consumer Electronic Displays
5.2.3 Solar Industry
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Creative Materials Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Henkel AG & Company
8.3 Akzo Nobel N.V.
8.4 Axalta Coating Systems
8.5 The PPG Industries Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures