ANTISTATIC COATINGS MARKET ANALYSIS

Antistatic Coatings MarketSize and Trends

• 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.

Market Outlook

• According to Coherent Market Insights’ analysis, North America held the dominant position in the global antistatic coating market in 2017. North America is projected to maintain its dominance throughout the forecast period, owing to growing housing and infrastructure sectors (hotels, stadium, and restaurants) and paints and coatings industry.
• In 2015, global construction perspectives and oxford economics together stated that the global construction market is set to grow by US$8 trillion by 2030, reaching a total size of $US17.5 trillion and growing by an average annual rate of 3.9% to 2030.