PUBLISHER: The Business Research Company | PRODUCT CODE: 1270461
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270461
“Conductive Polymers Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on conductive polymers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for conductive polymers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The conductive polymers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the conductive polymers market are The Lubrizol Corporation, 3M, Covestro AG, Celanese Corporation, SABIC, Henkel AG & Co. KGaA, MERCK KGAA, Kemet Corporation, Eeonyx Corporation, Rieke Metals, Agfa-Gevaert, Hyperion Catalysis International, MacDermid Inc., PolyOne Corporation, Heraeeus Holding Gmbh, and ABTECH Scientific Inc.
The global conductive polymers market is expected to grow from $4.56 billion in 2022 to $4.97 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The conductive polymers market is expected to reach $6.73 billion in 2027 at a CAGR of 7.90%.
The conductive polymers market consists of sales of polythiophene, polyfuran and poly(para-phenylene). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Conductive polymers are a unique category of organic materials with optical and electrical properties related to metals and semiconductors. It is employed in order to improve the stability, speed, and sensitivity of different devices.
North America was the largest region in the conductive polymers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conductive polymers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of conductive polymers include polyaniline, polypyrrole, polyphenylene vinylene, Poly(3,4-ethylenedioxythiophene) (PEDOT) and polyacetylene. Polyaniline refers to a natural semiconductor. It is created by oxidizing aniline chemically or electrochemically in an acidic solution and has advantages such as electrical, optical and thermal properties. The conduction mechanism include conducting polymer composites and inherently conductive polymers, that are applied in anti-static packagings and coatings, photographic film, solar cell, display screen, polymer capacitor and LED lights.
The rising demand for consumer electronics is expected to drive the conductive polymers market going forward. Consumer electronics are any electronic equipment powered by electricity that contains circuit boards and is utilized regularly by end users or consumers for non-commercial/professional applications. Conductive polymers are used as insulating, conducting, adhesive, and coating components in many electrical and electronic devices. For instance, In April 2020, according to a market figure published by gfu Consumer and Home Electronics GmbH, a Germany-based consumer electronics company, stated that with 31.2 billion Euros in sales in 2021, the consumer electronics segment is up 2.5% from 2020. Additionally, the segment of IT goods for private use grew positively, increasing by 3.1% to 8.7 billion euros. Therefore, the increasing demand for consumer electronics is expected to propel the growth of the conductive polymers market.
Technological advancements are a key trend gaining popularity in the conductive polymers market. Major companies in the conductive polymers market are advancing in their new technologies such as electro-rite polymer technology. For instance, in July 2021, Lubrizol, a US-based chemicals company operating in the conductive polymers market, introduced the new Electro-Rite Polymers. It is technique intended to enhance the functionality of electrodes, separators and electrolyte components. Electro-Rite polymer technology can improve the formulation of binder slurries, aid in the development of improved anodes and separators, and provide innovative priming capabilities. These polymer advancements are cutting-edge material solutions designed to improve the performance of different battery components.
In January 2022, Encres DUBUIT, a France-based screen printing company acquired POLY-INK for an undisclosed amount. With this acquisition, Encres DUBUIT expands its electronics portfolio by enhancing its existing strong portfolio with sustainable and focused touch panel capabilities. POLY-INK Inc. is a US-based company operating in the conductive polymer market
The countries covered in the conductive polymers market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The conductive polymers market research report is one of a series of new reports from The Business Research Company that provides conductive polymers market statistics, including conductive polymers industry global market size, regional shares, competitors with an conductive polymers market share, detailed conductive polymers market segments, market trends and opportunities, and any further data you may need to thrive in the conductive polymers industry. This conductive polymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.