Conductive Polymer Coatings Market poised to grow owing to increasing usage in electronic devices
Conductive polymer coatings are organic polymer coatings that conduct electricity to some degree. They are widely used in electronic devices such as smartphones, tablets, laptops, wearable devices, and more. Conductive polymer coatings help in wireless charging, preventing corrosion, enhancing electromagnetic shielding, reduce damage from static electricity. The growing demand for lightweight and durable electronic devices is driving the demand for conductive polymer coatings globally.
Global conductive polymer coatings market size is valued at US$ 3.15 billion in 2016, and is expected to register a CAGR of 9.22% over the forecast period (2019-2027), reaching US$ 10.56 billion in 2027.
Key Takeaways
Key players operating in the Conductive Polymer Coatings are Silicom Ltd Connectivity Solutions, Cisco Systems Inc., D-Link Corporation, Arista Networks Inc., Quanta Cloud Technology (Quanta Computer), Juniper Networks Inc., ZTE Corporation, Hewlett Packard Enterprise, Fortinet Inc., NEC Corporation, Mellanox Technologies (NVIDIA), Huawei Technologies Co. Ltd., Dell EMC, H3C Holdings Limited (Hewlett Packard Enterprise), Extreme Networks Inc., and Lenovo Group Limited.
The increasing use of consumer electronics such as smartphones, laptops, wearable devices is propelling the demand for Conductive Polymer Coatings Market Demand. The coatings prevent corrosion, enable wireless/fast charging and enhance product durability. Asia Pacific dominates the global conductive polymer coatings consumption due to large production of electronics in countries like China and India.
Technological advancements in coatings such as higher conductivity, better corrosion protection, flexibility is further expected to drive their usage in diverse applications. Continuous research and development is expanding the applications of these coatings in new domains.
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