The market for conductive polymer coatings is expected to grow at a CAGR of more than 5% during the forecast period.
– One of the key factors driving market is Growing demand from the electrical and electronic industry along with high growth in the solar industry.
– Asia-Pacific is estimated to dominate the market with the largest consumption coming from China.
Key Market Trends
Electrical and Electronic Industry is Expected to Dominate the Market
– Conductive polymer coatings are developed using the organic polymer materials that conduct electricity. The optical and electrical properties of these polymers can be fine-tuned by advanced dispersion and organic synthesis techniques to develop high performance coatings, especially for electronics.
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– The conductive polymer coatings find application in sensors, capacitors, actuators along with corrosion resistance applications in electrical storage devices and organic solar cells. They are also used for medical-device applications where electrode sensitivity and signal fidelity are critical such as Electrophysiology mapping devices, Rehabilitation wearables along with Health and fitness monitoring devices.
– The conductive polymer coatings are also extensively used in electrical and electronics industry. These coatings are viable alternative for hazardous heavy metal coatings in the electronic devices as they are less toxic and less damaging to environment as compared to metals. Due to these advantages they are extensively used for transparent conductive applications like flat screen displays for computers, mobile phones, tablets, and other screens. Huge demand for these devices is fueling the growth of conductive polymer coatings market in the electrical and electronics industry.
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