Electric Paint Market to be dominated by Industrial segment through 2028

Growing demand from the construction industry, coupled with recovering automotive industry to drive Global Electric Paint Market in the forecast period, 2023-2028.

According to TechSci Research report, “Global Electric Paint Market - By Region, Competition, Forecast & Opportunities, 2028”, Global Electric Paint Market is anticipated to grow at a 5.38% CAGR in the forecast period, 2024-2028, 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 globally. 

Browse over XX market data Figures spread through 180 Pages and an in-depth TOC on "Electric Paint Market.”

Based on Application, Global Electric Paint Market is segmented into— Residential, Commercial, Industrial. Industrial Segment to Dominate the Market, The Industrial segment is dominating the global Electric Paint market. The industrial application segment is dominating the global electric paint market. In 2022, it accounted for a share of over 60% of the market. The growth of this segment is driven by the increasing demand for electric paint in the manufacturing, automotive, and electrical industries.

Electric paint is a type of paint that conducts electricity. It is used in a variety of industrial applications, such as the manufacturing of electronic devices, the painting of electrical components, and the protection of metal surfaces from corrosion. The increasing demand for electronic devices and the growing fleet of electric vehicles are the major factors driving the growth of the industrial application segment of the electric paint market.

Based on Region, Asia Pacific region is expected to dominate the market for Electric Paint during the forecast period.

The Asia-Pacific region is dominating the global electric paint market. In 2022, it accounted for a share of over 40% of the market. The growth of this region is driven by the following factors The growing demand for electric paint in China, Japan, and other countries in the region, The increasing investment in the manufacturing and automotive industries in the region and The availability of cheap labor and land in the region, which is making it economical to produce and transport electric paint.

Major companies operating in the Global Electric Paint market are:

• Sud-Chemie
• Amresco
• SparkFun Electronics
• Sigma-Aldrich Corporation
• Conductive Ink Jet Technology
• Parker Chomerics
• Gwent Electronic Materials
• Novacentrix
• Prima Power
• E-Tek

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“The global Electric Paint market is driven by several key factors that shape its growth and development. A key driver of the global electric paint market is the rising demand for innovative and flexible electronic solutions across various industries. Electric paint, also known as conductive paint or electrically conductive paint, has emerged as a crucial enabler of this trend due to its unique properties and versatile applications. One of the primary drivers is the proliferation of the Internet of Things (IoT). As the world becomes increasingly connected, there is a growing need for custom sensors, flexible circuits, and conductive pathways that electric paint can provide. IoT applications, spanning from smart homes to industrial sensors, rely on electric paint to create specialized components. Wearable technology is another significant driver. The surge in wearable devices, such as smartwatches and fitness trackers, demands lightweight and flexible electronic components. Electric paint's ability to create custom circuits on flexible substrates, such as textiles, ensures both comfort and functionality in wearable devices.

Furthermore, electric paint's role in sustainability initiatives cannot be overlooked. It aligns with the global push for environmentally friendly materials by reducing electronic waste through repairability and customization. This makes it an appealing choice in green building designs, energy-efficient lighting, and other eco-conscious applications. Additionally, electric paint's adaptability to various surfaces and materials enables customized solutions in industries ranging from automotive to healthcare. Its versatility, along with ongoing advancements in formulations, is driving its adoption in diverse and innovative electronic applications. In summary, the global electric paint market is driven by the need for flexible and customized electronic solutions in the IoT era, the growth of wearable technology, sustainability goals, and its adaptability across industries, making it a fundamental player in shaping the future of electronics.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Electric Paint Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Application (Residential, Commercial, Industrial), by Type (Thermochromic, Photochromic, Soluble Conductive Inks) and by End-User (Automotive, Consumer Electronics, Healthcare), By Region, Competition, 2018-2028”, has evaluated the future growth potential of global Electric Paint market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Electric Paint market.

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