PUBLISHER: Orion Market Research | PRODUCT CODE: 1078180
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078180
Global Conductive Polymer Market Size, Share & Trends Analysis Report Type (Inherently Conductive Polymers, Inherently Dissipative Polymers, and Others), and By Application (Capacitors, Batteries, Actuators & Sensors, and Others), Forecast Period (2022-2028)
The global conductive polymer marketis anticipated to grow at a substantial CAGR of 7.6% during the forecast period.Continuous R&D activities and investment to develop advanced conductive polymers that enable the electronic industry to manufacture efficient & stable electronic circuits will further drive the growth over the forecast period. For instance, in 2021, Researchers at Linkoping University, Sweden together with colleagues in the US and South Korea developed a stable high-conductivity polymer ink. The advance paves the way for innovative printed electronics with high energy efficiency. This new polymer formulation is known as BBL:PEI.
The global conductive polymer market is segmented based on the type and application. Based on the type, the market is sub-segmented into inherently conductive polymers, inherently dissipative polymers, and others. Based on the application, the market is sub-segmented into capacitors, batteries, actuators &sensors, and others. The above-mentioned segments can be customized as per the requirements. On the basis of type, the inherently conductive polymers segment is anticipated to hold considerable share in the global conductive polymer market. Inherently conductive polymers are majorly available in the forms of polythiophene, polyacetylene, and polypyrrole. These are used to manufacture lighting objects, flat panel displays, PV cells, and bioelectronics owing to its excellent corrosive characteristics.Polypyrrole materials are used in vast range of applications including production of LEDs, panel displays due to their exceptional defensive properties. These are the major factors behind the growth of the market segment.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.North America is estimated to hold a prominent market share in the conductive polymer market during the forecast period. The growth of the market in the region is owing to the adoption of electroactive polymers in well-developed industries such as electronics, solar energy, healthcare, and automotive industries. Additionally, the high R&D potential coupled with the presence of key industry players will significantly impact the growth of the conductive polymer across the region.
The major companies serving the global conductive polymer market include Covestro AG, KEMET Corp., Celanese Corp., 3M Co., SABIC, Kenner Material & System Co., Ltd., The Lubrizol Corp., Westlake Plastics Co., BASF SE, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2022, Encres DUBUIT announced the successful completionof acquisition of POLY-INK. This acquisition positions Encres DUBUIT as a key partner for major printed electronics applications and the Company advances its strategy to expand worldwide by further enhancing its existing strong portfolio with sustainable and focused touch panel capabilities.
Research Methodology
The market study of the global conductive polymer marketis incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Chemical and Material