Antistatic Coatings Market Growth Accelerated by Increasing Demand from Electronics Industry

 

Antistatic coatings are widely used in electronics industry for protection of printed circuit boards (PCBs) and integrated circuits from static electricity. Antistatic coatings provide resistance to build-up of static charge on surfaces and reduce risks of electrical shock or malfunction of electronic components. Rising demand for consumer electronics such as smartphones, tablets, laptops, and wearables is propelling demand for antistatic coatings from electronics OEMs. 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 key trends:
Increasing demand from electronics industry is a major driver for growth of antistatic coatings market. Rapid urbanization and rising disposable income in emerging economies are fueling sales of consumer electronics. This is boosting demand for insulating antistatic coatings from electronics manufacturers. However, antistatic coatings also find applications in healthcare sector for protection of medical devices. Growing healthcare expenditure coupled with technological advancements in medical devices is creating new opportunities in medical sector. Innovation in formulation of antistatic coatings to reduce toxicity, improve conductivity and optimize cost is a key trend shaping the market.

Segment Analysis

The global antistatic coatings market is dominated by industrial application segment. Industrial applications such as electronics, automotive and packaging require antistatic properties to control static charges. These applications extensively use antistatic coatings to prevent static discharge on plastics, metals and glass which can cause damage. Hence, the industrial application segment accounts for more than 50% of the total antistatic coatings market share.

Key Takeaways

The global antistatic coatings market is expected to witness high growth over the forecast period of 2023 to 2030. Rapid industrialization coupled with increasing applications in electronics and automotive industries will drive the demand for antistatic coatings.

Regional analysis: Asia Pacific region currently dominates the antistatic coatings market and is expected to grow at the fastest rate during the forecast period. China, Japan, South Korea and India are major electronics and automotive hubs in the region with extensive manufacturing activities. This makes Asia Pacific highly lucrative for antistatic coatings market.

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 Company is a leading player with strong presence across various application segments such as electronics, automotive and industrial. PPG Industries Inc. offers comprehensive portfolio of antistatic coatings for automotive and transportation applications.

Comments

Post a Comment

Popular posts from this blog

Blowing Agents in Action: Enhancing Sustainability and Performance in Modern Engineering

Image
  Blowing Agents: Unleashing the Power of Expansion in Materials Blowing agents are a remarkable class of chemical compounds that play a pivotal role in various industries, revolutionizing the way materials are manufactured and utilized. These agents are essential additives employed to induce controlled expansion in materials, leading to the creation of diverse products with unique properties and applications. From lightweight foams in packaging to insulating materials and beyond, blowing agents have become indispensable in modern manufacturing processes. 1. Understanding Blowing Agents: Blowing agents are substances designed to generate gas when subjected to specific conditions, such as heat, pressure, or chemical reactions. The produced gas forms bubbles within the material matrix, resulting in a cellular structure with reduced density. This cellular structure not only imparts lightness to the material but also enhances its thermal and acoustic insulation properties. 2. Versatil...
Read more

Multi-Depth Corrugated Box Market Trends 2023 - Industry Insights, Competition Analysis, Growth Rate and Forecast by 2030

Image
  A multi-depth corrugated box is a type of shipping or storage box that has the ability to be adjusted to different depths, allowing for greater flexibility and efficiency in packaging and shipping. This type of box is made of corrugated cardboard, which consists of a fluted layer sandwiched between two flat layers. Multi-depth corrugated boxes are typically made with a series of perforations or scores that allow the box to be easily adjusted to different depths. For example, a box with a height of 10 inches might have perforations at 2-inch intervals, allowing it to be adjusted to a depth of 2 inches, 4 inches, 6 inches, 8 inches, or 10 inches, depending on the specific needs of the user. The advantages of using multi-depth corrugated boxes include reduced inventory costs, improved packing efficiency, and better use of storage space. By using a single box that can be adjusted to different depths, businesses can reduce the number of different box sizes they need to stock and simp...
Read more

Acid Pickling Roll Market Growth Accelerated by Adoption of Anti-Rust Acid Pickle Rolls

Image
  Acid pickle rolls help remove scale, rust or oxide films from metallic surfaces and accurately prepare them for subsequent processing such as coating or plating to improve corrosion resistance. The demand for acid pickling rolls have increased in various end-use industries such as automotive, oil & gas, marine, energy, and general engineering to enhance product durability. The global Acid Pickling Roll Market is estimated to be valued at US$ 1,167 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing adoption of anti-rust acid pickling rolls to increase product lifespan across various corrosion prone industrial applications has accelerated the growth of the acid pickling roll market. Acid pickling rolls equipped with advanced rust removal properties efficiently prepare metallic surfaces and ensure long term corrosion protection. Major mar...
Read more