Cloud Services Is Fastest Growing Segment Fueling The Growth Of Antistatic Coatings Market

 



The global Antistatic Coatings Market is estimated to be valued at US$ 2.44 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Antistatic coatings are applied onto surface to reduce charge accumulation which prevents static electricity from igniting flammable substances and damaging electronic instruments. They find application in electronics industry for coating components and parts to protect from static charges.

Market key trends:
One of the key trends driving the antistatic coatings market growth is increasing use of antistatic polymers. Polymers are widely used as antistatic agents in coatings owing to their conductivity. They are mixed with coating formulations or applied as a top coat to impart antistatic properties. Rising adoption of polymers such as polyethylenedioxythiophene, polyaniline, and polypyrrole in various end use industries like electronics and automotive is fueling demand for antistatic coatings.
Segment Analysis
The global antistatic coatings market is segmented into type, application, and geography. Based on type, the market is divided into epoxy, polyester, acrylic, and others. The epoxy segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. Epoxy coatings exhibit superior chemical and corrosion resistance as compared to other materials, which makes them preferable for usage in various end-use industries like electronics, automotive, and construction.

Key Takeaways
The global antistatic coatings market is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period, due to increasing demand from the electronics sector. The need for antistatic coatings in electronics components to prevent damage from static electricity is driving the market growth.

Regional analysis
Asia Pacific dominated the global market in 2023 and is expected to maintain its leading position during the forecast period. Rapid industrialization and urbanization along with growth of end-use industries like electronics and automotive in China, Japan, India, and South Korea are propelling the demand for antistatic coatings in the region.

Key players
Key players operating in the antistatic coatings market are 3M Company, PPG Industries, Inc., E. I. du Pont de Nemours and Company, Kansai Paint, and RPM International Inc. 3M is one of the leading players and offers a broad product portfolio of antistatic coatings under the brand names 3M Antistatic Coating and 3M Antistatic ESD Coating.

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