PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1224466
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1224466
Conductive Polymer Market size was valued at USD 4,089.3 Million in 2022, expanding at a CAGR of 11.1% from 2023 to 2030.
Conductive polymers are perfect for usage in cars, airplanes, and portable consumer gadgets, where weight and space considerations are important. Electrostatic materials, conducting adhesives, electromagnetic shielding, artificial nerves, antistatic apparel, and active electronics are examples of common classes for conductive polymers that make use of their conductivity or electro-activity.
Conductive Polymer Market- Market Dynamics
Growing demand for sensitive electronic devices is anticipated to have a favorable effect on conductive polymers market growth by raising awareness of the need to shield these devices from electrostatic discharge (ESD), radio frequency interference (RFI), and electromagnetic interference (EMI). Buyers are likely to choose conductive plastics like ABS and PPS over traditional metals and ceramics as the importance of electronic devices with decreased sound levels grows because of strict laws enforced to control noise pollution. The growing importance of ionic polymers in the electronics sector due to their great dimensional stability and good conducting properties is anticipated to continue to benefit the market's expansion for conductive polymers.
The use of ABS and PPS as conducting materials in wire systems is anticipated to be encouraged by the growing importance of lightweight materials in the automotive sector as a result of growing knowledge of ways to enhance fuel economy. Additionally, it is anticipated that rising defense spending by Middle Eastern and North American governments will increase domestic military aircraft manufacturing, which will encourage the use of these materials over the projected period. Due to lower inventory levels, rising costs for raw materials such as acrylonitrile, bisphenol A, propylene, and styrene are predicted to negatively affect the market. The market for conductive polymers is also anticipated to be seriously threatened by the growing demand for piezo ceramics in electronics.
Conductive Polymer Market- Segmentation Analysis:
The Global Conductive Polymer Market is segmented on the basis of Product Type, Class, Application, and Region.
The market is divided into four categories based on product type: Inherently Conductive Polymers (ICPs), Inherently Dissipative Polymers (IDPs), conductive plastics, and others. The Inherently Conductive Polymers (ICPs) segment dominates the market. The increasing demand from the automotive and aviation sectors and its more cost-effective factors are contributing to segment growth.
The market is divided into four categories based on Class: charge transfer polymers, conjugated conducting polymers, conductively filled polymers, and ionically conducting polymers. The conjugated conducting polymers segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for lightweight components, which has made the conjugated conductive polymers more appealing.
The market is divided into six categories based on Application: capacitors, anti-static packaging, batteries, actuators & sensors, solar energy, and others. The actuators & sensors segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for sensors, and actuators from the semiconductors and the automotive industry.
Conductive Polymer Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America held the largest market share in 2019 and is projected to continue its dominance during the forecast period. The growing adoption of advanced polymer technologies and increasing demand from the automotive, and aviation sector are contributing to market growth.
Conductive Polymer Market- Competitive Landscape:
Due to the continued development in demand for air conditioning in the coming years, the worldwide market for the conductive polymer is made of both international and local producers, making it one of the most competitive sectors in the world. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Polymer makers compete on a variety of aspects, including product costs, performance, product making, Application, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, in 2020, PolyOne showcased its new polymer product portfolio and services in Mexico and Central America.
Key features of the study:
This proposed research study on Conductive Polymer market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Conductive Polymer market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Conductive Polymer market
Impact of COVID-19 on Conductive Polymer market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Conductive Polymer market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Conductive Polymer market, we have also included competitive landscape and key innovator analysis for the Conductive Polymer market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Conductive Polymer market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Conductive Polymer market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CONDUCTIVE POLYMER MARKET KEY PLAYERS
3M
Heraeus Group
Solvay SA
SABIC
KEMET
Lehmann&Voss&Co
Covestro
Advanced Polymer Materials Inc.
Agfa-Gevaert Group
Eeonyx
Heraeus Holding
Celanese
RTP Company
Premix Group
Hyperion Catalyst International
GLOBAL CONDUCTIVE POLYMER MARKET, BY PRODUCT TYPE
Inherently Conductive Polymers (ICPs)
Inherently Dissipative Polymers (IDPs)
Conductive plastics
Others
GLOBAL CONDUCTIVE POLYMER MARKET, BY CLASS
Conjugated conducting polymers
Charge transfer polymers
Ionically conducting polymers
Conductively filled polymers
GLOBAL CONDUCTIVE POLYMER MARKET, BY APPLICATION
Capacitors
Anti-static packaging
Batteries
Actuators & sensors
Solar energy
Others
GLOBAL CONDUCTIVE POLYMER MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA