Electric Paint Market Report 2026

The electric paint market size has grown strongly in recent years. It will grow from $23.92 billion in 2025 to $25.45 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in electronics prototyping, expansion of smart devices, increasing use in educational kits, demand for lightweight conductive materials, advancements in conductive polymers.

The electric paint market size is expected to see strong growth in the next few years. It will grow to $31.45 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growth of flexible and wearable electronics, increasing adoption of smart surfaces, expansion of electric vehicle electronics, rising investment in interactive displays, technological progress in conductive inks. Major trends in the forecast period include rising use of conductive paints in flexible electronics, growing adoption in IoT enabled surfaces and sensors, expansion of electric paint applications in automotive electronics, increasing use in educational and diy electronics projects, focus on water soluble and eco friendly conductive formulations.

The increasing production of consumer electronics is expected to propel the growth of the electric paint market going forward. Consumer electronics include everyday electronic devices such as smartphones, laptops, televisions, and home appliances. Production in this sector continues to rise due to technological advancements, higher disposable incomes, evolving lifestyles, and growing demand for connected devices, entertainment solutions, and smart home technologies. Electric paint supports consumer electronics manufacturing by enabling the creation of conductive pathways, capacitive sensors, and interactive surfaces across various device components. For instance, in May 2023, the Japan Electronics and Information Technology Industries Association reported that Japan’s total electronic equipment production reached $5.12 billion (¥771,457 million). Consumer electronics production also rose to $213.39 million (¥32,099 million) in May 2023, up from $155.79 million (¥23,425 million) in January 2023. Therefore, the increasing production of consumer electronics is driving the electric paint market.

The rising demand for Internet of Things (IoT) devices is also expected to drive the growth of the electric paint market. IoT devices are physical objects embedded with sensors, software, and connectivity that enable them to collect, exchange, and act on data without human intervention. Growing global connectivity and widespread internet access are accelerating IoT adoption, supporting the development of smart ecosystems across homes, industries, and cities. Electric paint plays a key role in this expansion by enabling flexible, lightweight, printed circuitry that allows sensors and connections to be integrated into various surfaces and device structures. For example, in July 2025, the European Commission reported that installed IoT-connected devices numbered around 40 billion in 2023 and are projected to reach 49 billion by 2026, reflecting an annual growth rate of 7%. Therefore, the rising demand for IoT devices is contributing to the growth of the electric paint market.

Major companies in the electric paint market are focusing on developing specialized formulations for electric vehicle applications, such as conductive powder coatings, to enhance durability and meet the technical demands of vehicle electrification. Conductive powder coatings offer benefits such as improved adhesion, chemical resistance, insulation, and thermal stability, ensuring long-term performance of EV components. For instance, in January 2023, Akzo Nobel N.V., a Netherlands-based paint and performance coatings manufacturer, introduced its Resicoat EV powder coatings designed to protect battery systems and electrical components in next-generation electric vehicles. The range includes Resicoat EVpack for battery pack protection, Resicoat EVcell for insulation between battery cells, and Resicoat EVcooling for improved thermal and electrical performance in cooling systems. These innovations support safer, more efficient electric vehicle technologies.

Major companies operating in the electric paint market are Heraeus Holding GmbH, Henkel AG & Co. KGaA, PPG Industries Inc., Parker Hannifin Corp., DuPont de Nemours Inc., Akzo Nobel N.V., Sun Chemical Corp., Novacentrix, Electrolube Ltd., Acheson Industries, Lechler S.p.A., Integran Technologies Inc., Cima Nanotech Inc., MG Chemicals, Graphenano, Voltera, Promethean Particles Ltd., Creative Materials Inc., Bare Conductive Ltd., Intelligent Material Solutions Inc., Applied Graphene Materials.

Asia-Pacific was the largest region in the electric paint market in 2025. The regions covered in the electric paint market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric paint market consists of sales of insulating paint, shielding paint, transparent conductive paint, and thermally conductive paint. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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