July 18, 2024

Electronics Segment Is The Largest Segment Driving The Growth Of Antistatic Coatings Market

The global Antistatic Coatings Market is estimated to be valued at US$ 2.44 Bn or Mn 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 help mitigate the harmful effects of static electricity by reducing the static charge buildup on electronics and components. They are applied on the parts that require protection from static discharge.

Market key trends:
One of the key trends in the antistatic coatings market is the increasing demand from the electronics industry. Antistatic coatings are widely used in the manufacturing of electronics like printed circuit boards, chips, and LCD panels as they help reduce static charge accumulation which can damage sensitive electronic components. The growing electronics sector is expected to drive the demand for antistatic coatings over the forecast period.
SWOT Analysis
Strength: Antistatic coatings provide protection against static electricity and reduce the risk of shock or explosions. They are easy to clean and maintain.
Weakness: Antistatic coatings have lower durability and resistance to abrasion compared to other coatings. They also have high production costs.
Opportunity: Increasing demand from the electronics and automotive industries is driving the need for effective antistatic protection. Growing manufacturing sector in emerging economies also presents an opportunity.
Threats: Stringent environmental regulations for VOC emissions can hamper market growth. Availability of alternative technologies like conductive polymers also poses a threat.

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 industry. Miniaturization of electronic components has increased their vulnerability to static damage, driving the need for effective antistatic coatings.

North America dominated the global market in 2023, accounting for around 30% of the total share. Presence of large electronics and automotive manufacturing bases in the US and Canada supports the market growth. Asia Pacific is expected to be the fastest growing regional market, expanding at a CAGR of over 6% during the forecast period. Increasing investments by international players in countries like China, India, and South Korea are boosting the demand.

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 largest manufacturers and suppliers of antistatic coatings globally. In 2023, it launched a new range of antistatic spray coatings for electronics applications.