PORTLAND, Oregon and
PUNE, India, December 7, 2017 /PRNewswire/ --
According to a new report published by Allied Market Research,
titled, "Conductive Coatings Market by Material and Application:
Global Opportunity Analysis and Industry Forecast,
2017-2023," the global conductive
coatings market was valued at $15,120
million in 2016, and is projected to reach at $24,360 million by 2023, growing at a CAGR of
6.8% from 2017 to 2023. The metal compounds segment accounted for
approximately half of the share in the conductive coatings market
in 2016, and is expected to maintain its lead throughout the
forecast period.
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Conductive coatings are used to provide a shielding effect for
protecting components from the unwanted and harmful radiation
interference leading to the failure of the component, rendering it
non-functional. They are ideal for applications, such as computer
work stations, electronics cabinets, semiconductor wafers,
electricity generating cells, and batteries.
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The factors that drive the global conductive coatings market
include growth in demand from the optics and solar industry.
However, the high production and investment costs are expected to
hamper the market growth during the forecast period. Steady growth
of electronics and automobile industry in the developing countries
of Asia-Pacific and LAMEA is
anticipated to positively affect the market, thereby, increasing
demand for conductive coatings during the forecast period.
The metals and conventional carbon segment accounted for the
highest market share in 2015, owing to the high tenacity, high
tensile modulus, and high heat resistance. Protection of
electronics & associated components and demand from industries,
such as automotive, solar energy, and optics, drive the market
growth for metals and conventional carbon conductive coatings.
The anti-static coatings application is expected to be a
promising application for conductive coatings. Conductive coatings
are widely used as an anti-static solution for surfaces exposed to
electrostatic discharge (ESD). These coatings are applied on
various electrical & electronic devices to protect them from
extensive damage that could occur due to the electromagnetic
interference or radio frequency interference. These coating provide
necessary shielding to protect such damage-prone devices.
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Key Findings of the Conductive Coatings Market Study:
- The solid-state lighting segment is expected to witness the
highest growth rate of 13.9% from 2017 to 2023, in terms of
value.
- In 2015, North America
generated maximum revenue, accounting for over one-third share of
the global market.
- Qatar is expected to grow at
the highest CAGR of 7.4% during the forecast period 2017-2023.
- The metals and conventional carbon segment dominated the market
in 2016, and is expected to contribute significant share throughout
the forecast period.
- In terms of both value and volume, Asia-Pacific is expected to witness highest
growth rate in the conductive coatings market from 2017 to
2023.
Asia-Pacific is anticipated to
grow with the highest rate during the analysis period, owing to the
growth in industrialization and steady growth of electronics
industry, especially in the developing countries, such as
China, Korea, and Japan.
Key players operating in the conductive coatings market include
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.
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Allied Market Research provides global enterprises as well as
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concerned. Our secondary data procurement methodology includes deep
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professionals and analysts in the industry.
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