The global conductive polymers market was valued at US$ 5.16 Bn and is expected to reach US$ 8.45 Bn by 2027, at a CAGR of 9.24% during a forecast period.
Development in electronic industry and large consumption of conducting polymers in solar cell engineering will acquire XX% of market share in coming years.
Conductive polymers are known as organic polymers that conduct electricity. Storage and release process take place with the redox process. After oxidation, further ions are transmitted to the polymer. Once reduction arises the ions are released back into the solution. These compounds have some metallic conductivity.
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Advancement in the technology sector has boosted the application in electronics as conductive polymers and are essentially used in the production of batteries, capacitors, diode, solar energy, and others are expected to broaden the market demand that will help to increase in the market size. Also, bending interest in the utilization of solar panels across the globe will fuel market growth in the long run.
On the other hand, bending interest and environmental concern of the growing population in terms of noise population is broadening the demand for electronic devices with compact sound levels and is projected to attract the consumers for procuring conductive plastics such as ABS and PPS by replacing conventional ceramics and metals. As these polymers have certain advantages like it provides good stability with conductivity is increasing prominence of ionic polymers in the electronic industry is expected to remain a key factor for the global conductive polymers market during the projected years. Conductive polymers have properties like excellent mechanical flexibility, high thermal stability, and the good optical property which is attracting the vendors to invest in the market. Numerous product type is available in the market which are widely getting consumed by the manufacturing industries including nylon, ABS, polycarbonates (PC), polyethylene terephthalate (PPS, polyphenylene resin and polyvinylidene chloride (PVC).
Noticeable factors like jump in the raw material cost expected to remain the major hindering factor for market growth. Rising demand for piezoceramics in electronics is expected to hamper the demand for conductive polymers market.
Conductive Polymers Market Segment analysis
By application segment, the solar energy application segment has more than a third share of the overall global conductive polymers market because widespread use of the product in the targeted industry and one-third share is expected to increase during the forecast timespan. This segment produced revenue of more than US$ XX Bn in 2019. Bending interest and initiative by the vendors result in low manufacturing cost and technological advancement in the sector using conductive polymers compared with conventional solar energy technique is positively influencing the market demand and expected to show lucrative growth during the estimated years. The rise in popularity of products as an absorption medium of solar radiation is considered as a strong factor for the global conductive polymers market.
Conductive Polymers Market Regional analysis
Regionally, Asia Pacific is anticipated to witness the fastest market growth during the forecast period expanding at a CAGR of XX% over the forecast period. Emerging economies like China, Japan, and India have contributed for the largest market share in 2019. On the other hand, major growth driver of the market in this region is high spending and support of the government for the new researches and development. The growing demand for solar energy and high assistances from local administrative bodies in India, China, and Japan is expected to increase the demand for conductive polymers market in the Asia Pacific by 2027. As the developed product consumption and adoption in this region is very high, so it is expected to boost the market growth by the end of 2027.
The objective of the report is to present a comprehensive analysis of Global Conductive Polymers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Conductive Polymers Market dynamics, structure by analysing the market segments and project the Global Conductive Polymers Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Conductive Polymers Market make the report investor’s guide.
Scope of Conductive Polymers Market
Global Conductive Polymers market, By Product
• Acrylonitrile-butadiene-styrene (ABS)
• Polyphenylene-polymer (PPP) based resins
• Polyphenylene-polymer (PPP) based resins
• Inherently conductive polymers (ICP)
Global Conductive Polymers market, By Application
• Actuators & sensors
• Anti-static packaging
• Solar energy
Global Conductive Polymers market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Conductive Polymers Market,
• Saudi Basic Industries Corporation
• The Lubrizol Corporation
• Heraeus Holding GmbH
• Polyone Corporation
• Lehmann and voss. co
• DowDuPont Inc
• Solvay SA
• RTP Company
• 3M Company
• Henkel AG & Co
• Covestro AG
• Premix Oy
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