The electric paint market size is expected to see strong growth in the next few years. It will grow to $29.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to the expansion of Internet of Things (IoT) devices, the growth in touchscreen technology, advancements in printed electronics, and the integration of smart home devices. Major trends in the forecast period include the expansion of Internet of Things devices, innovation in automotive electronics, customization for do-it-yourself (DIY) projects, expansion into medical devices, and incorporation into energy harvesting systems.
The increasing manufacturing of consumer electronics is anticipated to drive the expansion of the electric paint market in the foreseeable future. Consumer electronics encompass a variety of electronic devices intended for everyday use, such as smartphones, laptops, televisions, and household appliances. The growth of consumer electronics is spurred by technological advancements, rising disposable incomes, changing lifestyles, and the escalating demand for connected devices, entertainment options, and smart home solutions. Electric paint is utilized in consumer electronics to create conductive pathways, capacitive sensors, and interactive surfaces. For example, in May 2023, as reported by the Japan Electronics and Information Technology Industries Association, the total production value of electronic equipment in Japan reached $5.12 billion (¥771,457 million). Moreover, consumer electronics production amounted to $213.39 million (¥32,099 million) in May 2023, compared to $155.79 million (¥23,425 million) in January 2023. Hence, the increasing output of consumer electronics propels the growth of the electric paint market.
Major players in the electric paint market are concentrating on specialized formulations tailored for electric vehicle (EV) applications, such as conductive powder coatings, to enhance durability and address unique challenges in vehicle electrification. Conductive powder coatings offer superior adhesion, chemical resistance, thermal stability, and insulation properties, ensuring long-term reliability and efficiency. For instance, in January 2023, Akzo Nobel N.V., headquartered in the Netherlands and specializing in paints and performance coatings, introduced a range of Resicoat EV powder coatings designed to safeguard the battery system and electrical components of next-generation electric vehicles. This innovative range incorporates advanced technologies to protect and optimize various EV components, including motors, battery systems, and electrical storage units. It includes Resicoat EVpack for battery pack protection, Resicoat EVcell for cell-to-cell insulation, and Resicoat EVcooling for superior thermal and electrical performance in cooling applications.
In July 2022, Encres DUBUIT, a French company renowned for industrial screen printing and digital inks, acquired Poly-Ink SAS for an undisclosed sum. This strategic acquisition positions Encres DUBUIT as a significant player in prominent printed electronics applications by combining expertise in nanomaterial technology with application engineering capabilities. Poly-Ink SAS, based in France, specializes in the manufacture of electric paints and coatings, including conductive inks for electronic products.
Major companies operating in the electric paint market are Heraeus Holding GmbH, Henkel AG & Co. KGaA, PPG Industries Inc., Parker Hannifin Corp., DuPont de Nemours Inc., Akzo Nobel N.V., Sun Chemical Corp., Novacentrix, Electrolube Ltd., Acheson Industries, Lechler S.p.A., Integran Technologies Inc., Cima Nanotech Inc., MG Chemicals, Graphenano, Voltera, Promethean Particles Ltd., Creative Materials Inc., Bare Conductive Ltd., Intelligent Material Solutions Inc., Applied Graphene Materials, Nano3D Biosciences Inc.
Asia-Pacific was the largest region in the electric paint market in 2023. The regions covered in the electric paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Electric paint, also known as conductive paint, is a unique type of paint infused with conductive materials, allowing for the creation of electrical circuits or components directly on surfaces such as paper, wood, or fabric. It eliminates the need for traditional wiring and soldering, making it well-suited for prototyping, DIY electronics projects, and interactive art installations.
The main product types of electric paint include thermochromic, photochromic, and soluble conductive ink. Thermochromic electric paint changes color in response to temperature variations, offering a visual indication of temperature changes and providing an innovative solution for temperature-sensitive applications. This allows for real-time monitoring and control. The material product types include epoxy, polyesters, acrylics, and polyurethanes, used in various applications such as consumer electronic displays, solar panels, automotive components, aerospace technology, bioscience, and more.
The electric paint market research report is one of a series of new reports that provides electric paint market statistics, including electric paint industry global market size, regional shares, competitors with a electric paint market share, detailed electric paint market segments, market trends and opportunities, and any further data you may need to thrive in the electric paint industry. This electric paint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electric paint market consists of sales of insulating paint, shielding paint, transparent conductive paint, and thermally conductive paint. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Electric Paint Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on electric paint market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for electric paint? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric paint market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Thermochromic; Photochromic; Soluble Conductive Ink2) By Product Types: Epoxy; Polyesters; Acrylics; Polyurethanes
3) By Application: Consumer Electronic Displays; Solar; Automotive; Aerospace; Bio-science; Other Applications
Key Companies Mentioned: Heraeus Holding GmbH; Henkel AG & Co. KGaA; PPG Industries Inc.; Parker Hannifin Corp.; DuPont de Nemours Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Heraeus Holding GmbH
- Henkel AG & Co. KGaA
- PPG Industries Inc.
- Parker Hannifin Corp.
- DuPont de Nemours Inc.
- Akzo Nobel N.V.
- Sun Chemical Corp.
- Novacentrix
- Electrolube Ltd.
- Acheson Industries
- Lechler S.p.A.
- Integran Technologies Inc.
- Cima Nanotech Inc.
- MG Chemicals
- Graphenano
- Voltera
- Promethean Particles Ltd.
- Creative Materials Inc.
- Bare Conductive Ltd.
- Intelligent Material Solutions Inc.
- Applied Graphene Materials
- Nano3D Biosciences Inc
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 22.65 Billion |
Forecasted Market Value ( USD | $ 29.53 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |