Conductive polymer coatings are known for their conductivity, adhesion and corrosion resistance properties which make them ideal for industries like automotive, electronics, aviation etc. These coatings provide protection to metals from corrosion and also strengthen components by forming a protective layer.

Market key trends:

One of the key trends in the conductive polymer coatings market is the increasing use of these coatings in electronic devices. With growing demand for smart phones, tablets and other consumer electronics, conductive polymer coatings are being widely used for applications such as touch panels, display screens and flexible circuits. These coatings provide electrical conductivity as well as flexibility required for foldable devices. Their lightweight and corrosion resistance nature makes them suitable for applications in the automotive industry as well on interior and exterior auto parts.

Segment Analysis

The global conductive polymer coatings market is segmented based on product, application, and region. By product, the market is divided into polyaniline, polypyrrole, polyacetylene, and others. Among these, the polyaniline segment dominated the market in 2023 and is likely to continue its dominance over the forecast period. Polyaniline offers superior properties such as corrosion resistance, conductivity, and low production cost, which makes it suitable for various applications and drives the growth of this segment.

Key Takeaways

The Global Conductive Polymer Coatings Market Forecast was valued at US$ 29,639.24 billion in 2023 and is expected to witness high growth, exhibiting a CAGR of 5.0% over the forecast period. The market is driven by increasing demand from various end-use industries such as automotive, aerospace, consumer electronics, and medical devices due to the anti-static and anti-corrosion properties offered by conductive polymer coatings.

Regionally, Asia Pacific dominated the conductive polymer coatings market with a share of over 35.0% in 2023 due to rapid industrialization and growth of end-use industries in countries such as China and India. North America is expected to witness the fastest growth during the forecast period owing to the presence of major automotive manufacturers and technological advancements in the region.

Key players operating in the conductive polymer coatings market are Heraeus Holding, PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company and AnCatt Inc. These players are focusing on new product launches, expansions, mergers & acquisitions, and partnerships to gain a competitive edge in the market. For instance, in 2023, Heraeus Holding acquired Enamic to strengthen its expertise in specialty materials.

Read more insights here

https://healthcarelatesteditionnews.blogspot.com/2023/12/increasing-usage-in-electronic-devices.html