International.
The global electrically conduction coatings market is projected to reach US$18.88 billion by 2021, with a CAGR of 8.0% from 2016 to 2021. Increasing demand for consumer electronic displays and solar industry are the major drivers of this type of market.
According to Research and Markest, the global consumer electronics and semiconductor industries are expected to grow with the increasing demand for LCDs in TVs, mobiles, tablets, laptops, etc. in major economies such as India, China, the United States, Germany, France, Brazil and others. But the initial cost of equipment and increasingly stringent environmental regulations to limit emissions of volatile organic compounds and hazardous pollutants in emerging economies such as China and India are the main restraining factors in the growth of this market globally.
The Asia-Pacific region is the largest market for these coatings worldwide, with China being the largest market in the region. Within the region, India is witnessing the highest growth rate, which is attributed to the rapid economic growth in the country. In addition, the rapid development of the consumer electronics and bioscience industry is vigorously driving demand in end-use applications in LCD displays/electronic displays/touch panels, X-ray and MRI equipment, etc.
