Global Conducting Polymers Market - 2023-2030

Market Overview

The Global Conducting Polymer Market reached US$ 3.52 billion in 2022 and is expected to reach US$ 5.14 billion by 2030 growing with a CAGR of 4.90% during the forecast period 2023-2030.

Increasing demand from various sectors such as power generation, energy storage, sensor, and corrosion protection is the major growth factor in the conducting polymer market. They can enhance the storage capacity and stability of charging systems, improving the overall performance and efficiency of energy storage systems, which contributes to the growth of conducting polymers in this energy storage sector.

Asia Pacific is among the growing region in the conducting polymer market. Countries such as China, Japan, and India also have equal contributions to the production and development of conducting polymers. For instance, on 21 Apr 2020, Researcher from MIT developed soft, flexible brain electrodes from conductive polymer liquid used in 3D printing. The usage of 3D-printed polymer provides softer, safer, and faster metal-based electrodes.

Market Dynamics

Conducting Coating Boosts Demand for Conducting Polymer in the Automotive Industry

Polyaniline and Polypyrrole conducting polymers are used as conductive coatings on automotive components. Polyaniline and Polypyrrole conducting polymer coatings offer the advantage of being lightweight compared to traditional metal-based coatings. Their lightweight nature helps in maintaining the overall weight reduction efforts in modern automotive design, contributing to improved fuel efficiency and lower emissions.

Conducting polymers, such as polyaniline and polypyrrole, offer unique mechanical and electrical properties which make them suitable for a wide range of automotive applications. These polymers are used to create conducting coatings that provide corrosion protection, and static dissipation on various automotive components. Conducting coatings can be applied to critical parts like sensors, connectors and electronic modules to ensure their reliable performance and longevity.

Biomedical in Conducting Polymer Boost Market

Conducting polymers plays a major role in the development of bioelectronic devices, such as bioelectrodes and artificial muscles in which conducting polymers are used. These devices can interface with biological systems, enabling signal transduction or actuation. Conducting polymer's flexibility and biocompatibility make them suitable for applications like bioelectrodes for electrocardiography (ECG) or electromyography (EMG) monitoring and actuators for biomedical robotics.

For instance, on 28 Jun 2023, Researcher from MIT developed a metal-free electrode using a conductive polymer. This flexible and robust electrode is designed for safe implantation within the body. It offers an alternative to traditional methods that may cause tissue damage over long time. Due to its flexible implantation which causes less effects on tissues.

Environmental Concerns

One of the key limitations is their vulnerability to degradation under mechanical stress or exposure to environmental factors like moisture, temperature, and UV radiation. This limits their durability and long-term stability in certain applications. Conducting polymer when in contact with humidity, oxygen, and light causes degradation and loss of conductivity over time.

Due to its toxicity and biocompatibility nature that restricts the growth of conducting polymer in biomedical applications. Conducting polymer conductivity is less compared with metals. It has less mechanical strength and is less stable when the temperature rises. Biocompatibility and physical property are major concerns in conducting polymer.

COVID-19 Impact Analysis

Due to rise in pandemic which results in a decrease the demand of conducting polymer. Many manufacturing of plants were on hold which cause decreased demand for conducting polymer. During covid people were isolated in their homes due to travel restrictions this impacted the automotive and electronics industry . Due to this factors there is downfall in the growth of conducting polymer.

Investors are not investing in the automotive industry, which causes shortage of production which impacted the cost of conducting polymer. Consumers shifted their demand that significantly impacted the growth conducting polymer market. During pandemic government and business focuses more on public health.

Russia-Ukraine War Impact

Russia-Ukraine conflicts, in which supply chain management of raw materials such as chemicals got affected. It also impacted the export and import business of conducting polymer products which affected the growth of conducting polymer. Shortage of these materials results in fluctuation of prices. Due to these factors, there is a downfall in the growth of the conducting polymer market.

The Russia-Ukraine war affects many regions. Due to this war, investors are not investing in long-term projects in such regions. Industry working in this region face many difficulties to fulfill the consumer demand. Due to the war market phases geopolitical issues slow downs the growth and production of the conducting polymer materials.

Segment Analysis

The global conducting polymer is segmented based on type, class, application, end-user, and region.

Enhancing Food Packaging And Processing With Conducting Polymers

Conducting polymers in the food packaging industry provides many additional facilities. For instance, they used to develop an intelligent packaging system that monitors the freshness and quality of food by detecting changes in temperature, gas composition, or pH. This advancement in technology helps to ensure food safety. Conducting polymers when applied in food processing operations it enhance the efficiency and quality of food by using an electrochemical process that removes pollutants from food.

For instance, on 3 April 2023, In an artificial biosystem conductive polymer was used to improve the efficiency of protein. The conductive polymer plays a role in facilitating the communication of electrons and chemicals between the different microbes in the system, thereby addressing the limitations of symbiotic relationships and enhancing overall production yields.

Geographical Penetration

Advancements in Conducting Polymer Technology

The Asia-Pacific conducting polymer market has witnessed continuous advancements in materials science and polymer technology. Research institutes, universities, and companies in countries like India, Japan, South Korea, and China are actively indulged in conducting polymer research and development. Governments in the region continuously promote research and development of advanced materials, including conducting polymers, through funding and policy incentives. This support encourages the growth of conducting polymer industries and facilitates their commercialization.

For instance, on 8 Mar 2023, a researcher at Berkely lab develop a conducting polymer covering for lithium-ion batteries. The covering polymer is named as HOS-PFM which provides power to batteries. This HOS-PFM has both electrons and ions that ensure stability and charging/discharging rate

Competitive Landscape

The major global players in the market include: SABIC, 3M, Henkel, Solvay Triton Systems, AnCatt, InGel Therapeutics, AVH Polychem, Soliyarn, W7energy.

Why Purchase the Report?

• To visualize the global conducting polymer market segmented based on type, class, application, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of conducting polymer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key product of all the major players.

The global conducting polymer market report would provide approximately 69 tables, 80 figures, and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies