Conductive Polymer Coatings Market Driven by Growth in Telecommunication Industry
The conductive polymer coatings market has witnessed substantial growth in recent years owing to the increasing demand for these coatings in various applications such as anti-static coatings, electromagnetic interference shielding coatings, and radio frequency shielding coatings. Conductive polymer coatings are applied on metal, glass and plastic surfaces to impart conductivity without compromising on surface properties. These coatings provide excellent protection against corrosion and have high transparency.
Global conductive polymer coatings market size is valued at US$ 3.15 billion in 2016, and is expected to register a CAGR of 9.22% over the forecast period (2019-2027), reaching US$ 10.56 billion in 2027.
Key players operating in the conductive polymer coatings market are Silicom Ltd Connectivity Solutions, Cisco Systems Inc., D-Link Corporation, Arista Networks Inc., Quanta Cloud Technology (Quanta Computer), Juniper Networks Inc., ZTE Corporation, Hewlett Packard Enterprise, Fortinet Inc., NEC Corporation, Mellanox Technologies (NVIDIA), Huawei Technologies Co. Ltd., Dell EMC, H3C Holdings Limited (Hewlett Packard Enterprise), Extreme Networks Inc., and Lenovo Group Limited. The rising demand for consumer electronics and automation across industries has been a key driver for the conductive polymer coatings market. Conductive polymer coatings find widespread application in electronic devices, touchscreen panels, and components used in the telecommunication sector.
The Conductive Polymer Coatings Market Demand is expected to witness significant growth due to the expansion of the telecommunication industry across the world. 5G technology implementation will necessitate increased investments in network infrastructure which will positively impact demand for conductive polymer coatings. Furthermore, the growing electronics manufacturing industry, especially in Asia Pacific, is projected to provide numerous opportunities for conductive polymer coatings manufacturers over the forecast period.
Key trends in the conductive polymer coatings market include the development of sustainable and eco-friendly product varieties by major players. Conductive polymer coatings manufacturers are investing heavily in R&D to formulate bio-based and recyclable coating solutions in order to reduce environmental footprint. The rising focus on green chemistry is a major trend that is expected to define the future trajectory of this market.
Porter’s Analysis
Threat of new entrants: New entrants in the Conductive Polymer Coatings Market face high threat due to the presence of established players and requirement of high initial investments.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives in the market.
Bargaining power of suppliers: A few major players supply raw materials for conductive polymer coatings providing them with high bargaining power.
Threat of new substitutes: Moderate threat from new substitutes like fluoropolymers and metals.
Competitive rivalry: High competitive rivalry exists among the key players to gain major market share.
Geographical regions where Conductive Polymer Coatings Market Regional Analysis is concentrated in terms of value include North America, Europe and APAC. North America leads the market accounting for over 30% of global value share mainly driven by the electronics and automotive industries in the region.
The fastest growing geographical region for the conductive polymer coatings market is APAC. The region is expected to grow at around 7% CAGR during the forecast period. Rapid industrialization and growing electronics sector in China, India, South Korea and other developing countries are fueling the market growth in APAC. Countries like China and India have emerged as global manufacturing hubs augmenting the demand for conductive polymer coatings in the region.
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1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
