New York City, NY, 10 April, 2020/ 24 Market Reports: It is estimated for the global electrically conductive costing market to reach USD 18.88 Billion by 2021, at a CAGR of 8.0% from 2016 to 2021. The high demand for electrically conductive coatings for consumer electronics displays in the emerging economies of the Asia-Pacific region and Europe and North America, and the mergers & acquisitions and new product development strategies by different companies are driving the growth of the market during the forecast period.
Acrylics is projected to be the fastest-growing segment of the electrically conductive coatings market
Acrylics is projected to be the fastest-growing segment of the electrically conductive coatings market, in terms of material type. Acrylics are gaining importance in the global electrically conductive coatings market due to better conductivity, low cost, good moisture resistance and excellent weatherability. It has considerable potential in coatings for the consumer electronics and automotive industries application.
Thus consumer electronics is the major application segment in the market
Electrically conductive coatings are used in LCDs/electronic displays/touch panels, computers/cell phones/radios/calculators/pagers, as thin layers over plastic cases and plastic housings in these products to provide EMI shielding and dissipation of static charge and thus consumer electronics is the major application segment in the market.
Asia Pacific region is estimated to lead the market during the forecast period
Asia Pacific region is estimated to lead the market during the forecast period. China is estimated to lead the market in the region during the forecast period. China and India are estimated to grow at the fastest rate in the market during the forecast period. Rapid development in the electrically conductive coatings market in major economies, namely, China, Japan and South Korea are driving the demand for electrically conductive coatings across the world.
Major Industry outlook Of Electrically Conductive Coating Market Market
