Conductive Coatings Market size is forecast to reach $25.6 billion by 2025, after growing at a CAGR of 8.2% during 2020-2025. With rise in demand for consumer electronics, the demand for conductive coatings is also increasing. Conductive coatings are being widely used in the EMC-related applications such as communications equipment, medical monitors & analyzers, mobile phones, consumer electronics, network/satellite systems, computer equipment, military & weapons systems, laptops, industrial & automated control systems, and aerospace systems. Thus, the increasing application of conductive coatings due to its extensive set of properties such as low VOC content, non-flammable, noxious vapors, and durability is anticipated to drive the conductive coatings market substantially during the forecast period.

Key Takeaways

Asia Pacific dominates the conductive coatings market, owing to the expansion of electronics and information technology industries in the region. The increasing population coupled with increasing demand for electronic appliances is the major reason for the expansion of electronics and information technology industries in the region.

The carbon nanomaterials are extensively replacing the conductive pigments such as conventional carbon black or metallic particles to increase the conductivity of coatings. Also, conductive coatings are being widely used in manufacturing photovoltaic cells to improve its electrical conductivity.

Conductive coatings are often used to solve a variety of electromagnetic compatibilities (EMC) issues such as specific absorption ration protection, electrostatic discharge, ground plane, electromagnetic shielding, and lightning strike protection, due to which the demand conductive coatings are increasing.

Epoxy Conductive Coatings are being widely used as a conductive base for electroplating, for creating durable grounded surfaces, or for any process where it is necessary to create a mar-resistant conductive surface. Thus, the increasing usage of epoxy conductive coatings will further drive the conductive coatings market.

Due to the COVID-19 Pandemic, most of the countries have gone under lockdown, due to which operations of various industries such as electrical and electronics has been negatively affected, which is hampering the conductive coatings market growth.

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By Application – Segment Analysis

The EMI/RFI shielding application held the largest share in the conductive coatings market in 2019 and is growing at a CAGR of 8.5%, as EMI/RFI conductive coatings completely discourage radio frequency and electromagnetic interference due to which is being widely used in several applications such as control systems, electronic office equipment, data processing, and computers, telecommunication, cable, radio and more. EMI/RFI shielding is being widely used because of its extensive properties such as abrasion resistance, uniform coating, thick coating, point-to-point resistivity, price flexibility, and pigment options. EMI/RFI Shielding is being widely used in end-use industries as they are often used for multiple functional design flexibility in molded plastic parts, high volume production, and cost-effectiveness. Thus, the increasing demand for EMI/RFI shielding for various applications is anticipated to propel the conductive coatings market during the forecast period.

Drivers – Conductive Coatings Market

Increasing Demand from the Medical Industries

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the conductive coatings market. Major players in the conductive coatings market are 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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