Market Research Report
Global Electroactive Polymers Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||526708|
|Published||Content info||130 Pages
Delivery time: 2-3 business days
|Global Electroactive Polymers Market Forecast 2019-2027|
|Published: October 19, 2018||Content info: 130 Pages||
The CAGR for the global electro-active polymers market is expected to be 7.09% for the forecast period of 2019-2027. High force output and energy density, rapid response time, easy controllability and low power consumption are some of the desirable qualities that EAP possess.
The Electroactive polymer market is driven by augmented usage of touchscreens, cost-effective and lightweight polymers, improved properties over EAC actuators and flexibility in product manufacturing and facilitates. Increased usage of electroactive polymers in improving technology is also boosting the market growth as companies are trying to increase their stronghold in this emerging market. Flexibility in product manufacturing which facilitates customized manufacturing of products as per the application is easily achieved with the help of electric polymers.
The Electroactive polymers market is geographically segregated in Asia-Pacific, North America, Europe, and the rest of the world. Among these, North America is the largest market because of the increased demand for electronics and automobiles. However, the market has gone through a major loss due to the economic recession. However, the US Defence officials hope that with a notable boost in the semiconductor industry, the electroactive polymer market will grow considerably.
Prominent market players in the global electro-active polymers market are 3m Company, Agfa-Gevaert N.V., Basf Se, Cabot Corporation, Celanese Corporation, Covestro Ag., Heraeus Holding Gmbh, Parker Hannifin Corporation, PolyOne Corporation, Premix Oy and Lubrizol Corporation.