Global Electrically Conductive Coatings Market 2017-2021
About Electrically Conductive Coatings
Electrically conductive coatings provide both electrical conductivity as well as corrosion prevention. These coatings are formulated with a combination of epoxy resins, hardeners, and carbon black. Epoxy resins are cost effective and possess good physical properties. These coatings are applied by different methods such as dip, flow, and spray methods. Electrically conductive properties can also be achieved by inducing fillers like graphite, carbon black-silver, short carbon fibers, carbon nanofibers, and silver-coated carbon nanotubes. These coatings are widely used in the consumer electronics, solar, automotive, aerospace and bioscience industries.
Technavio’s analysts forecast the global electrically conductive coatings market to grow at a CAGR of 7.91% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electrically conductive coatings market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electrically Conductive Coatings Market 2017-2021
Technavio recognizes the following companies as the key players in the global electrically conductive coatings market: AkzoNobel, Henkel, PPG Industries, RPM International, and Sherwin-Williams.
Other Prominent Vendors in the market are: Creative Materials, Dymax, Hitachi Chemical, Indium Corporation, KYOCERA Chemical, and Specialty Coating Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is introduction of nanotube technology. The purpose of the nanotube technology is to include electrical conductivity to the coatings with optical transparency and electrical resistivity of 90% Tesla without affecting the physical properties of the coating. Electrically conductive particles include materials like carbon, silver, and copper. These are mainly used in touchscreens, large area displays, flexible displays, and solar voltaic collectors. Electrically conductive particles that are used in this technology are nanotubes.”
According to the report, one driver in market is increasing investments in R&D. Increasing emphasis on investments in R&D is driving the overall electrically conductive coatings market. Continuous improvements and new innovations help the companies to maintain their global positions. The coatings market was valued at $140.98 billion in 2015 and is expected to grow at a CAGR of 5.67% during the forecast period. Due to this major shift, 9many vendors are investing in R&D for the improvements of existing products and also inventing new products. For instance, in 2015, PPG Industries invested approximately $550 million in R&D. In February 2017, the Emulsion Detonation Synthesis method resulted in the development of a composite material called cermet. This composite material contains a strong bond coat of zirconia with a combination of metal or metal oxide nanoparticle coating, which provides multiple advantages like toughness, flexibility, and electrical conductivity.
Further, the report states that one challenges in market is rising VOC emissions. Electrically conductive coatings have the limitations like volatile organic compound (VOC) emissions and long curing time. Solvent-based coatings contain volatile chemicals that are hazardous to the environment as well as to the health of individuals. These VOCs are usually present in chemical mixtures. It is essential for manufacturers to focus on harmful VOCs that should be present at low concentrations. Regulatory authorities in many countries, especially in Western Europe and North America, have imposed stringent regulations to limit such products in commodities. Certain regulations have been imposed by governments to reduce the emission content. Some examples of such VOC emission control regulations are the Air Borne Pollution Prevention and Control Action Act in China, the International Organization for Standards (ISO) 16000-6 and EN 16516 VOC regulations in Europe, and the National Ambient Air Quality Standards and the Clean Air Act in the US.
AkzoNobel, Henkel, PPG Industries, RPM International, Sherwin-Williams, Creative Materials, Dymax, Hitachi Chemical, Indium Corporation, KYOCERA Chemical, and Specialty Coating Systems.