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.
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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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