CONDUCTIVE POLYMER COATINGS MARKET ANALYSIS

Conductive Polymer Coatings MarketSize and Trends

Market Outlook

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. Growing adoption of conductive polymer coatings in various industries such as electrics, electronics, and photovoltaic industry. Increasing demand for photovoltaic cells around the world is expected to drive growth of the market during the forecast period. Photovoltaic cells are used to convert solar energy into electric energy. Increasing demand for solar energy is expected to fuel the demand for photovoltaic cells and thereby boost the market growth. Conductive polymer coatings are majorly used in manufacturing of light emitting diode (LED)-based lights and displays. LEDs consume low voltage with inexpensive production. Increasing demand for LED-based products is expected to boost the demand for conductive polymer coatings and hence boost growth of the market.