Conductive Coatings Market Size will Observe Substantial Growth by 2023Posted by Mangesh on May 23rd, 2019 The Global Conductive Coatings Market was valued at ,120 million in 2016, and is projected to reach at ,360 million by 2023, growing at a CAGR of 6.8% from 2017 to 2023. The metal compounds segment accounted for approximately half of the share in the conductive coatings market in 2016, and is expected to maintain its lead throughout the forecast period. Conductive coatings are used to provide a shielding effect for protecting components from the unwanted and harmful radiation interference leading to the failure of the component, rendering it non-functional. They are ideal for applications, such as computer work stations, electronics cabinets, semiconductor wafers, electricity generating cells, and batteries. Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2178 Asia-Pacific is anticipated to grow with the highest rate during the analysis period, owing to the growth in industrialization and steady growth of electronics industry, especially in the developing countries, such as China, Korea, and Japan. The Major Key players Are:
Get a purchase enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2178 The factors that drive the global conductive coatings market include growth in demand from the optics and solar industry. However, the high production and investment costs are expected to hamper the market growth during the forecast period. Steady growth of electronics and automobile industry in the developing countries of Asia-Pacific and LAMEA is anticipated to positively affect the market, thereby, increasing demand for conductive coatings during the forecast period. The metals and conventional carbon segment accounted for the highest market share in 2015, owing to the high tenacity, high tensile modulus, and high heat resistance. Protection of electronics & associated components and demand from industries, such as automotive, solar energy, and optics, drive the market growth for metals and conventional carbon conductive coatings. The anti-static coatings application is expected to be a promising application for conductive coatings. Conductive coatings are widely used as an anti-static solution for surfaces exposed to electrostatic discharge (ESD). These coatings are applied on various electrical & electronic devices to protect them from extensive damage that could occur due to the electromagnetic interference or radio frequency interference. These coating provide necessary shielding to protect such damage-prone devices. Key Findings of the Conductive Coatings Market Study:
Like it? Share it! More by this author |