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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