Market Overview:
The global electric paint market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric paints from various end-use industries, such as solar, automotive, aerospace and bio-science. In addition, the growing awareness about the benefits of using electric paints is also contributing to the growth of this market. Based on type, epoxy is expected to be the fastest-growing segment in the global electric paint market during the forecast period. This can be attributed to its properties such as high chemical resistance and durability.
Product Definition:
Electric Paint is a type of paint that can be used to create electrical circuits. It is made up of electrically conductive materials, such as metal particles or carbon nanotubes, that allow electricity to flow through it. Electric Paint can be used to create devices like LEDs and sensors, or to add functionality to objects like clothes and furniture.
Epoxy:
Epoxy resins are synthetic thermosetting polymers containing an epoxide group. They are majorly used in the production of paints, coatings and adhesives. Epoxies are produced by a controlled oxidation process of phenol or epichlorohydrin (ECH) followed by reaction with diisocyanate or dielectric solvent. The most commonly used epoxy resin is Polyether Ketone (PEEK).
Polyesters:
Polyesters are synthetic resins, manufactured by the polymerization of ethylene. Polyester is a colorless and highly flammable liquid with a characteristic odor. It is insoluble in water and has a strong tendency to form explosive peroxides when it comes into contact with air.
Application Insights:
The consumer electronics displays segment accounted for a major market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for electric paint from various electronic devices, such as smartphones, laptops and tablets. Moreover, rising demand for high-resolution displays is also anticipated to boost product consumption over the forecast period.
The solar segment was one of the prominent applications in 2017 owing to growing concerns regarding global warming due to increased carbon emissions resulting in climate change. Electric paints are used on large scale roofs made up of photovoltaic cells that generate electricity through the photoelectric effect; this helps reduce electricity generation costs by approximately 20%. Growing concerns about global warming have led governments across countries worldwide towards adopting policies aimed at reducing carbon emissions from vehicles and power plants; this trend is expected drive product demand globally over the coming years.
Regional Analysis:
Asia Pacific dominated the global electric paint market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest automotive manufacturing hubs, such as China, Japan, and India. Increasing automobile production has resulted in a growing demand for electric paints across these countries.
The Asia Pacific regional market was followed by Europe with a share of more than 25%. The growth can be attributed to increasing product adoption in consumer electronics applications due to rising disposable income coupled with technological advancements such as high-performance LEDs and touch screens. North America also held a significant share owing to increased aerospace spending coupled with favorable government regulations pertaining toward environment-friendly products usage will have positive impacts on industry growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive and construction industries for electric paint products as a result of the growing awareness of its benefits over traditional paints.
- Rising demand for electric paint in developing countries due to the increasing disposable income of consumers and growth in infrastructure development projects.
- Growing popularity of electric paint among DIY enthusiasts and home improvement enthusiasts, who are looking for ways to improve the aesthetics and functionality of their homes at an affordable cost.
- Technological advancements that have led to the development of more efficient and user-friendly electric paint products, making it easier for consumers to adopt these paints into their everyday lives.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Paint Market Research Report
By Type
Epoxy, Polyesters, Acrylics, Polyurethanes
By Application
Consumer Electronic Displays, Solar, Automotive, Aerospace, Bio-science, Others
By Companies
Axalta Coating Systems, Henkel, PPG Industries Inc., Akzo Nobel N.V.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Electric Paint Market Report Segments:
The global Electric Paint market is segmented on the basis of:
Types
Epoxy, Polyesters, Acrylics, Polyurethanes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronic Displays, Solar, Automotive, Aerospace, Bio-science, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Axalta Coating Systems
- Henkel
- PPG Industries Inc.
- Akzo Nobel N.V.
Highlights of The Electric Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy
- Polyesters
- Acrylics
- Polyurethanes
- By Application:
- Consumer Electronic Displays
- Solar
- Automotive
- Aerospace
- Bio-science
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric paint is a type of paint that uses electricity to create a pigment dispersion on the surface. This technology allows for more precise control over the color and brightness of the final product.
Some of the key players operating in the electric paint market are Axalta Coating Systems, Henkel, PPG Industries Inc., Akzo Nobel N.V..
The electric paint market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Paint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Paint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Paint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Paint Market Size & Forecast, 2018-2028
4.5.1 Electric Paint Market Size and Y-o-Y Growth
4.5.2 Electric Paint Market Absolute $ Opportunity
Chapter 5 Global Electric Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Paint Market Size Forecast by Type
5.2.1 Epoxy
5.2.2 Polyesters
5.2.3 Acrylics
5.2.4 Polyurethanes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Paint Market Size Forecast by Applications
6.2.1 Consumer Electronic Displays
6.2.2 Solar
6.2.3 Automotive
6.2.4 Aerospace
6.2.5 Bio-science
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Paint Analysis and Forecast
9.1 Introduction
9.2 North America Electric Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Paint Market Size Forecast by Type
9.6.1 Epoxy
9.6.2 Polyesters
9.6.3 Acrylics
9.6.4 Polyurethanes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Paint Market Size Forecast by Applications
9.10.1 Consumer Electronic Displays
9.10.2 Solar
9.10.3 Automotive
9.10.4 Aerospace
9.10.5 Bio-science
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Paint Market Size Forecast by Type
10.6.1 Epoxy
10.6.2 Polyesters
10.6.3 Acrylics
10.6.4 Polyurethanes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Paint Market Size Forecast by Applications
10.10.1 Consumer Electronic Displays
10.10.2 Solar
10.10.3 Automotive
10.10.4 Aerospace
10.10.5 Bio-science
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Paint Market Size Forecast by Type
11.6.1 Epoxy
11.6.2 Polyesters
11.6.3 Acrylics
11.6.4 Polyurethanes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Paint Market Size Forecast by Applications
11.10.1 Consumer Electronic Displays
11.10.2 Solar
11.10.3 Automotive
11.10.4 Aerospace
11.10.5 Bio-science
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Paint Market Size Forecast by Type
12.6.1 Epoxy
12.6.2 Polyesters
12.6.3 Acrylics
12.6.4 Polyurethanes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Paint Market Size Forecast by Applications
12.10.1 Consumer Electronic Displays
12.10.2 Solar
12.10.3 Automotive
12.10.4 Aerospace
12.10.5 Bio-science
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Paint Market Size Forecast by Type
13.6.1 Epoxy
13.6.2 Polyesters
13.6.3 Acrylics
13.6.4 Polyurethanes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Paint Market Size Forecast by Applications
13.10.1 Consumer Electronic Displays
13.10.2 Solar
13.10.3 Automotive
13.10.4 Aerospace
13.10.5 Bio-science
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Paint Market: Competitive Dashboard
14.2 Global Electric Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Axalta Coating Systems
14.3.2 Henkel
14.3.3 PPG Industries Inc.
14.3.4 Akzo Nobel N.V.
