NEW YORK, Aug. 23, 2018 (GLOBE NEWSWIRE) — The global conductive polymer market is expected to witness a CAGR of 10.7% and is projected to reach USD 9,980 Million by 2023. Factors propelling the growth of conductive polymer market include increased usage of conductive polymer in various applications, growing demand for intelligent material owed to its properties, industrialization and economic growth in emerging nations.
The report segments the Conductive Polymer market by Type (Inherently Conductive Polymer, Polyaniline, Polyphenylene Based Resin and Others), by Application (Antistatic Packaging, ESD & EMI Protection, Capacitors, Actuators, Sensor, Batteries, Solar Cells and Others) by Region (North America, Europe, Asia-Pacific and Rest of the World (RoW)). The report studies the global conductive polymer market over the forecast period (2017-2023).
Conductive Polymer refers to the organic polymers which conduct electricity, in the form of metallic conductivity or in semiconductors form. The properties such as chemical resistance, flexibility, dimensional stability, and strength enable conductive polymers to find its application in various end-user industries. The processability, mostly by dispersion is the advantage of conductive polymers. These polymers offer high electrical conductivity but lack similar mechanical properties to other commercially available polymers. In order to fine-tune the electrical properties, the method of organic synthesis and advanced dispersion technique can be used.
Key findings of the Global Conductive Polymers Market
- The conductive polymer market is expected to reach capacity of 649.7 kiloton by 2023.
- On the basis of application, ESD & EMI Protection holds the largest share and is expected to grow at a rate of 10.5%, during the forecast period. The growth of this segment is attributed to the growing awareness towards electronic devices from electrostatic discharge.
- Based on type, Inherently Conductive Polymer (ICP) is expected to grow at a CAGR of 7%, during the forecast period. The significant growth of ICP is owed to flourishing electronic industry and growing demand for solar photovoltaics.
- Geographically, North America held the largest market share due to increased replacement provided by conductive polymer in automotive and healthcare industries.
- Asia-Pacific region is estimated to be the fastest growing region registering 10.6% CAGR, as a result of more product launches by the growing automotive sector.
- The key players dealing in the conductive polymer market includes The Dow Chemical Company, The Lubrizol Corporation, Covestro AG, 3M Company, RTP Company, The Solvay Sa, Enthone Inc., Henkel AG &Co., Celanese Corporation, Voltaic Coatings, Polyone Corporation, among others.
Conductive Polymers- Catering Organic Photovoltaics Demand
Organic solar cells are light weight and incur low manufacturing costs unlike the conventional photovoltaics, providing a cost-effective solution for photovoltaic applications. The rising awareness towards conservation of the environment has created a high demand for sustainable source of energy. The shifting focus of governments towards renewable sources of energy such as solar energy is anticipated to drive demand for organic solar photovoltaics. According to a study conducted by Frankfurt School & United Nation Environment Program, solar energy incurred the largest investment of USD 113 billion, accounting for 47% share among other renewable energy sources investments, in 2016. The huge investments in solar energy are attributed to shifting focus towards sustainable energy, reducing solar photovoltaic costs and government involvements, leading to the increase in demand at commercial and residential levels, having a positive impact on conductive polymers demand.
Browse full research report with TOC on “Global Conductive Polymers Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2023” at: http://energiasmarketresearch.com/global-conductive-polymer-market-outlook/
To purchase report: [email protected]
Conductive Polymers- Regional Insight
North America, being the largest market for conductive polymers, was holding nearly two-third of the global demand as the major players are making huge investments in research and development activities of conductive polymers with the support of the government. The U.S. held the major share of this region’s market owing to the technological advancement in the healthcare industry. The increased initiatives for the development of new products including artificial muscles along with the development of ICP-drug delivery systems for hematology disorders and skin care is anticipated to boost the demand of conductive polymers, throughout the forecast period.
Europe was the second largest market for conductive polymers. The market in this region is majorly driven by its application for the manufacturing for batteries and sensors in automobile industry as conductive polymers are the key element in the production of both of the aforementioned electrical components. Additionally, there is an increased application of bio-mimetics in healthcare industry, especially in U.K. and Germany, which is anticipated to play a vital role in the rising demand for conductive polymers, during the forecast period.
Asia-Pacific is anticipated to be the fastest growing market for Conductive Polymers. The growth of the conductive polymers market in this region is attributed to the rapid industrialization. Booming automobile and electronics industries in the region are providing a growth opportunity for conductive polymers. Additionally, the increasing middle-class population coupled with growing economy and demand for quality products, are further anticipated to drive the demand for conductive polymers. Furthermore, the government initiatives to promote investments in countries such as China and India is set to have a positive impact on conductive polymers market.
About Energias Market Research Pvt. Ltd. –
Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.
With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.
Contact:
Mr. Alan Andrews
Business Development Manager
For any queries email us: [email protected]
To purchase report: [email protected]
Call us: +1-716-239-4915