Seattle, WA -- (SBWIRE) -- 11/07/2019 -- Antistatic coating, also known as electrostatic dissipative coating, is an electrically conductive coating intend to prevent a static-electrical charge and its effects. Moreover, the antistatic coating is mostly recommended for interior surfaces of clean rooms, printing factories, computer rooms, electronic factories, hospital, pharmaceutical, and locations which are dealing with inflammable gases or liquids as it reduces static electricity which prevents dust from sticking on the surface of coated substrates easily. The anti-coating layer can witness a harsh environment such as rain, UV light from sun, wind, and humidity.
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Market Dynamics
The growing construction industry as Antistatic epoxy coating is widely used on walls and floors of industrial or commercial locations where is anti-static environment is required is the major factor fueling the market growth. 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, the 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. On the other side, high cost associated with the processes as it involves various process such as surface preparation, thinning, mixing, and curing is projected to hamper the market growth.
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 the growing establishment of housing and infrastructure sectors such as hotels, stadiums, 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.
Key players in Global Antistatic Coatings Market
Key players operating in the global antistatic coatings market include 3M Company, PPG Industries, Inc., E. I. du Pont de Nemours, and Company, Kansai Paint, and RPM International Inc.
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Market Segmentation
By Application
- Automotive
- Aerospace
- Electronics
- Construction
By Product Type
- Epoxy
- Polyurethane
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.