The global electrically conductive coatings market is projected to reach USD 18.88 billion by 2021, at a CAGR of 8.0% from 2016 to 2021.
Increasing demand from the consumer electronic displays & solar industry are the major drivers of the global electrically conductive coatings market. The global consumer electronics and semiconductor industries are expected to grow with the increasing demand for LCDs in televisions, mobiles, tablets, laptops, and so on, in major economies such as India, China, the U.S., Germany, France, Brazil, and others. But the initial capital equipment cost and the increasing stringent environmental regulations to limit the emissions of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs), in emerging economies such as China and India are the major restraining factors in the growth of the electrically conductive coatings market globally.
The Asia-Pacific region is the largest market for electrically conductive coatings globally, with China being the largest market in the region. Within the region, India is witnessing the highest growth rate, which is attributed to the rapid economic growth in the country. Further, the rapid development in the consumer electronics industry and bioscience is vigorously driving the demand for electrically conductive coatings from end-use applications in LCDs/electronic displays/touch panels, X-ray and MRI equipment, and so on.