Electric Paint
Market: Introduction
·
Electric paint functions in a way similar to any other
water-based paint, except it conducts electricity. It offers dual benefit of
conductivity and corrosion resistance. Increase in demand for consumer
electronics is driving the global electric paint market.
·
Electrical paint is used in mobile phones, laptops, computers,
LCDs, electrical display, and touch panels
·
Electric paint is based on a blend of epoxy tars, hardeners, and
carbon black. Electrically conductive characteristics are imparted to the
electric paint through addition of elements such as graphite, carbon dark
silver, short carbon filaments, carbon nanofibers, and silver-covered carbon
nanotubes. Thus, it provides a lightweight characteristic to the entire panel,
thereby reducing the overall cost.
Electric Paint
Market: Key Drivers
·
Developments in consumer electronics, automotive, medical, and
defense sectors are expected to drive the demand for electric paint during the
forecast period
·
Electric paint is utilized as a part of electronic
presentations, LCD, touch boards, personal computers, phones, radios, and
pagers to give electromagnetic impedance protecting and dispersal of static
charge
·
Electric paint is electrically conductive, non-toxic, solvent
free, and water soluble. However, it is not as conductive as metal or copper
wire. Demand for electric paint is likely to be high in low-current circuits
and sensors.
·
Rise in demand for industry solutions that combine resilience
with lower maintenance and high performance is expected to be a key factor
propelling the electric
paint market in the near future
Electric Paint Market:
Applications
·
Based on application, the global electric paint market can be
divided into consumer electronic displays, solar, automotive, aerospace,
bio-science, and others
·
Electric paint is ideally used in the areas of electromagnetic
compatibility (EMC) such as mobile phones, communications equipment, PDAs,
antennas, and pagers; consumer electronics, TVs, cable boxes, receivers, and
entertainment systems; computer equipment, laptops, and monitors; medical
monitors and analyzers; industrial and automated control systems; military and
weapons systems; network/satellite systems; and aerospace/avionics systems
·
The global electric paint market is projected to expand at a
moderate pace in the near future owing to the rise in demand for electric paint
in the automotive industry
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North America to be
Key Region of Global Electric Paint Market
·
In terms of region, the global electric paint market can be
classified into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa
·
North America region is expected to hold major share of the
global electric paint market during the forecast period. The market in the
region is primarily driven by the increase in adoption of innovative
technologies in consumer durables.
·
The market in Asia Pacific is projected to expand at a rapid
pace during the forecast period. China, India, and South Korea are estimated to
be key geographies of the market in the region.
·
Demand for electronic devices such as tablets, smartphones,
wearable devices, and other connected consumer electronics is set to expand
exponentially in India by 2027. Ongoing initiatives such as ‘Make in India,’
‘Smart Cities,’ and ‘Digital India’ by the Government Of India are likely to
present immense opportunities for the electric paint market in Asia Pacific
during the forecast period.
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Key Manufacturers in Market
The global electric paint market was highly fragmented in 2018.
Key manufacturers operating in the global market include:
·
Axalta Coating Systems
·
Henkel
·
PPG Industries Inc.
·
Akzo Nobel N.V.
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