Increasing Usage In Electronic Devices Fueling The Growth Of The Global Conductive Polymer Coatings Market
 |
| Conductive Polymer Coatings Market |
The global Conductive Polymer
Coatings Market is estimated to be valued at US$ 29639.24 Bn or Mn in 2023 and
is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market Overview:
Conductive polymer coatings are
known for their conductivity, adhesion and corrosion resistance properties
which make them ideal for industries like automotive, electronics, aviation
etc. These coatings provide protection to metals from corrosion and also
strengthen components by forming a protective layer.
Market key trends:
One of the key trends in the
conductive polymer coatings market is the increasing use of these coatings in
electronic devices. With growing demand for smart phones, tablets and other
consumer electronics, conductive polymer coatings are being widely used for
applications such as touch panels, display screens and flexible circuits. These
coatings provide electrical conductivity as well as flexibility required for foldable
devices. Their lightweight and corrosion resistance nature makes them suitable
for applications in the automotive industry as well on interior and exterior
auto parts.
Segment Analysis
The global conductive polymer
coatings market is segmented based on product, application, and region. By
product, the market is divided into polyaniline, polypyrrole, polyacetylene,
and others. Among these, the polyaniline segment dominated the market in 2023
and is likely to continue its dominance over the forecast period. Polyaniline
offers superior properties such as corrosion resistance, conductivity, and low
production cost, which makes it suitable for various applications and drives
the growth of this segment.
Key Takeaways
The Global
Conductive Polymer Coatings Market Forecast was valued at US$ 29,639.24
billion in 2023 and is expected to witness high growth, exhibiting a CAGR of
5.0% over the forecast period. The market is driven by increasing demand from
various end-use industries such as automotive, aerospace, consumer electronics,
and medical devices due to the anti-static and anti-corrosion properties
offered by conductive polymer coatings.
Regionally, Asia Pacific
dominated the conductive polymer coatings market with a share of over 35.0% in
2023 due to rapid industrialization and growth of end-use industries in
countries such as China and India. North America is expected to witness the
fastest growth during the forecast period owing to the presence of major
automotive manufacturers and technological advancements in the region.
Key players operating in the conductive polymer coatings market are
Heraeus Holding, PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams
Company and AnCatt Inc. These players are focusing on new product launches,
expansions, mergers & acquisitions, and partnerships to gain a competitive
edge in the market. For instance, in 2023, Heraeus Holding acquired Enamic to
strengthen its expertise in specialty materials.
Read more insights here
https://www.newsstatix.com/conductive-polymer-coatings-market-share-growth-outlook-2023/
Comments
Post a Comment