Antistatic Coatings Market, by Application (Automotive, Aerospace, Electronics, and Construction), by Product Type (Epoxy and Polyurethane), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028
A major driver for growth of the global antistatic coating market is rising construction industry. Antistatic epoxy coating is used on walls and floors of industrial or commercial locations where an anti-static environment is required. Governments of various countries are investing heavily on various construction activities. For instance, the government of Dubai announced awarding of 47 contracts valued at US$ 4.3 billion in January 2017 for Dubai Expo 2020. Furthermore, budget for infrastructure increased by 46.5 % in 2018, as compared to 2017, accounting for 21% of the total government expenditure in Dubai due to Expo 2020.
However, high cost processes may hamper growth of the global antistatic coating market, as it involves various processes such as surface preparation, mixing, thinning, and curing.