The value of the Electric Paint market is projected to grow to USD 4.93 trillion with an estimated CAGR of 6.0 % by 2030
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"The Global Electric Paint Market 2020-2030 (USD Trillion)")
The global electric paint market is projected to register revenue by value USD 27.62 billion by 2026. Electric paint refers to the electrically conductive paint which is water-based. It is manufactured as a substitute for industrial conductive inks and it is non-toxic. This paint is basically used in the production of capacitive sensors and miniature printed circuits. This a conductive water-based paint produced from graphite and carbon black in a water soluble polymers solution. It uses materials and binders often found in the food sector to develop a solvent-free and safe carbon ink solution. Electric Paint combines two types of carbon, carbon black and graphite, to provide the highest conductivity while maintaining the necessary physical properties of flexibility and viscosity for domestic usage.
The most common use of electric paint is on consumer electronic displays. Touch panels, computers, LCDs, calculators, radios, mobile phones, and electronic displays, among other items, employ electric paint as thin coatings over plastic covers and housings to offer EMI shielding and static charge dissipation. These paints are also employed as thin layers of coating for tantalum capacitors and ceramic surfaces in electrolysis procedures. By the forecast years, demand for electronic devices such as smartphones, tablets, wearable gadgets, and other connected consumer electronics is expected to increase in India. During the projected period, ongoing government programmes such as Make in India and Digital India are expected to create enormous potential for the electric paint market in these developing nations.
In the Middle East, Latin America, and Asia, the consumer electronics production and distribution business is growing into new and growing markets. Electric paint is also an important ally in the automobile, defence, and medical sectors. Electric paint makers in these nations are projected to see an increase in business as a result of this. Axalta Coating Systems, PPG Industries Inc., Akzo Nobel N.V., Akzo Nobel N.V., Akzo Nobel N.V., Akzo Nobel N.V. Henkel and others, such as Bare Conductive, have expanded their focus on innovative product releases.
The main players operating in the global electric paint market include but are not limited to Akzo Nobel N.V. Axalta Coating Systems, PPG Industries Inc. Henkel, and Bare Conductive. They are also investing as well as acquiring minor scale business in order to upsurge their profits. Due to the competitive nature of the industry, market concentration will be significant as significant businesses with big market shares focus on increasing their consumer base across international markets. Major competitors in the target market are adopting a number of business methods to obtain a stronger position in the global market, including inventive solutions, partnerships, mergers and acquisitions, strategic partnerships, and substantial investments.
Electric Paint Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 4.93 trillion |
| Growth Rate | CAGR of 6.0 % during 2020-2030 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Axalta Coating Systems, PPG Industries Inc., Akzo Nobel N.V., Akzo Nobel N.V., Akzo Nobel N.V., Akzo Nobel N.V. Henkel and others, |
Key Segments of the Global Electric paint Market
Type Overview, (USD trillion)
- Epoxy
- Polyesters
- Acrylics
- Polyurethanes
Application Overview, (USD trillion)
- Consumer Electronic Displays
- Solar
- Automotive
- Aerospace
- Bio-science
- Others
Regional Overview, (USD trillion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Increasing production of consumer electronics
- Higher demand form automotive and defense sectors
- Outstanding benefits of electric paints
What does the report include?
- The study on the global Electric paint market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, and usage area. Moreover, the study on Electric paint market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global Electric paint market is suitable for all the players across the value chain including component and raw material providers, disinfectant manufacturers, distributors, and other intermediaries
- Venture capitalists and investors looking for more information on the future outlook of the global Electric paint market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global Electric paint market
Frequently Asked Questions (FAQ) :
The application of the electric paint market Consumer Electronic Displays, Solar, Automotive, Aerospace, Bio-science, and Others
The market value of electric paint market in 2030 was USD 4.93 trillion
The Global electric paint market is Segmented on the Type, Application, Regions
The worldwide electric paint market is relatively consolidated among global players and considerably fragmented, with a large number of regional competitors. PPG Industries Inc., Akzo Nobel N.V., Axalta Coating Systems, Akzo Nobel N.V., Akzo Nobel N.V., Akzo Nobel N.V., Akzo Nobel N.V Henkel Company. Product growth, collaboration, expansion, and mergers and acquisitions are just a few of the primary tactics adopted by the industry's leading competitors. The market's major players have a large worldwide footprint and a varied product portfolio to cater to a wide variety of client needs. This factor contributes to the company's ability to retain a strong market position. Emerging areas are expected to become key markets for electric paint throughout the forecast period, owing to increased demand from end-user industries.
Increased demand for consumer electronics in both developed and emerging countries is propelling global industry growth. Rising consumption in Asian subcontinent markets is another aspect driving the target market's growth. The high cost of electric paints, on the other hand, limits worldwide corporate expansion. Nonetheless, emerging-market development expectations give global industry suppliers intriguing development opportunities. Competitive demand is likely to be fueled by the techniques of the top players. Furthermore, worldwide demand is being fueled by a growing customer base for these products, particularly in industrialized nations, as the automotive, medical, and defense industries increase.
The electric paint industry may be broken down into two major segments including product type and applications. Epoxy, acrylics, polyesters, and polyurethanes are all types of electric paint. Acrylics are rapidly growing in popularity because to their several advantages, including superior moisture resistance, weather ability, and low cost. Automotive, consumer electronic displays, solar, bio-science, aerospace, and other uses make up the worldwide business. Due to rising demand for electric paints in consumer electronics such as mobile phones, laptops, computers, and touch panels, among other applications, the consumer electronic displays industry will rise at a substantial rate. All of these factors are helping the consumer electronics sector's growth. These elements are projected to propel the electric paint industry's expansion during the next ten years.
Geographically, North America led the global electric paint industry. In the United States and other North American countries, electric paint is becoming increasingly frequently employed in a variety of end-use sectors, including automotive and consumer electronics. Furthermore, over the projected period, Asia Pacific is predicted to grow at a significant rate. This growth is attributed to rising demand for smartphones, tablets, and wearable devices, as well as other electronics, in Asian countries, notably in South Korea, China, and India. Furthermore, increased automotive manufacturing and the presence of prominent enterprises in the area are two major factors boosting the electric paint market in Europe.
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