The global Conductive Polymer Coatings Market is estimated to be valued at US$ 29639.24 Bn 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.
Conductive polymer coatings are known for their antimicrobial properties and electrostatic discharge (ESD) properties. These coatings protect surfaces from bacterial growth and corrosion. They are widely used in electronic devices for protecting integrated circuits and semiconductor packages from electrostatic discharge. Conductive polymer coatings provide shielding from electromagnetic interference and improve the durability and conductivity of substrates. The growing demand for flexible and printed electronics has propelled the demand for these coatings.
Market key trends:
One of the key trends in the conductive polymer coatings market is the growing demand from the photovoltaic industry. The demand for these coatings is increasing from solar cell manufacturers as they provide protection from degradation caused by environmental factors. Conductive polymer coatings improve the conductivity and flexibility of solar cells. They also prevent moisture and oxygen permeation which increases the efficiency and lifespan of solar panels. The rising installation of solar PV systems globally is expected to drive the growth of this market. Furthermore, the growing electronics and automotive industries will also contribute to the increasing demand for conductive polymer coatings over the forecast period.
Threat of new entrants: The threat of new entrants is moderate as the conductive polymer coatings market requires high R&D investments and manufacturing facilities.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established players providing conductive polymer coatings. Buyers can negotiate on price and quality of products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many raw material suppliers for conductive polymer coatings. Switching costs are also low for buyers.
Threat of new substitutes: The threat of new substitutes is low as conductive polymer coatings have optimized properties and performance compared to alternatives. Established application areas also make substitution difficult.
Competitive rivalry: Competition in the conductive polymer coatings market is high among the major players.
The Global Conductive Polymer Coatings Market Forecast is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing demand for anti-corrosion and shielding applications. The market size for conductive polymer coatings is estimated to reach US $29639.24 Bn by 2030.
Regional analysis- Asia Pacific region dominates the global conductive polymer coatings market and is expected to grow at the fastest rate during the forecast period. This is attributed to increasing application of conductive polymer coatings in industries such as automotive, consumer electronics and aircraft manufacturing in countries like China and India.
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. Key players are focusing on new product launches, expansions and mergers & acquisitions to expand their market share. For instance, in 2022, Sherwin Williams launched graphene-enhanced conductive polymer coatings for anti-static applications.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it