PUBLISHER: TechSci Research | PRODUCT CODE: 1180524
PUBLISHER: TechSci Research | PRODUCT CODE: 1180524
Electroactive Polymer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type, Application, By Region, and Competition
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Global Electroactive Polymer Market is projected to grow at an impressive CAGR during the forecast period due to increase in end use industries. In 2021, the market value of the Indian textile industry was worth USD 223 billion.
Over the next five years, the demand for Electroactive Polymers will increase due to the increased use of touchscreen smartphones, enhanced electroactive polymer properties, increased demand for lightweight and cost-effective polymers, increased use of eco-friendly materials, and the need for manufacturing flexibility. Due to the presence of numerous significant manufacturers, APAC is likely to continue to play an essential role in the electroactive polymer market over the forecast period. APAC is anticipated to see the highest CAGR of any region, supported by rising demand for electronic applications.
Growing Demand for Electroactive Polymer in Smart Fabrics
Sensing and Actuating microfibers are textiles directly woven with electromechanical systems like sensors, actuators, electronics, and power sources. Electroactive Polymers (EAPs) are suitable for usage as smart fabrics due to their adaptability and affordability. The development of smart fabrics uses polypyrrole and polyanilines. The need for EAPs in smart fabrics is anticipated to rise in the upcoming period due to increased R&D across countries like the U.S., China, and Japan undergoing dramatic economic expansion. According to the National Council of Textile Organizations, "In 2021, the value of U.S. man-made fiber, textile, and apparel shipments totaled an estimated $65.2 billion, compared with $60.8 billion in shipments in 2020".
Rising Demand for Actuator Application Segment
Over the recent years, there have been technological advancements that have brought radicle development in the Actuators utilized as a significant application for Electroactive Polymers. Remarkable advances in upgrading the actuation strain of Novel Applications such as microfluidic systems and tissue engineering have also emerged, enabling the demand for Actuators resulting in the forecasted growth of the Global Electroactive Polymer Market.
Recent Trends and Developments
The Chomerics Division of Parker Hannifin Corporation, the global leader in motion and control technologies, has launched PREMIER PBT-225, EMI shielding conductive plastic pellets. When exposed to the usual heat and humidity conditions prevalent in automotive applications, PREMIERTM PBT-225 provides superior hydrolysis resistance, increasing long-term aging performance.
The Indian market for electronic devices had a total market value of INR 4580 billion (USD 66 billion), according to the Ministry for Electronics and I.T., and it has been growing at a rate of around 5.5% during the past four years. To achieve a turnover of around INR 26 trillion (USD 400 billion) by 2025, the National Policy on Electronics 2019 aims to boost domestic production and export in the whole value chain of Electronics System Design and Manufacturing (ESDM).
Market Segmentation
Global Electroactive Polymer Market is segmented based on Type, Application, and Regional distribution. Based on Type, the market is segmented into Conductive Plastics, Inherently Conductive Polymers, and Inherently Dissipative Polymers. By Application, the market is further segmented into Electrostatic Discharge Protection, Electromagnetic Interference Shielding, Actuators, Capacitors, and Others. The market analysis also studies the regional segmentation divided among the North American, European, Asia-Pacific, South American, Middle East & African regions.
Market Profiles
Solvay S.A., 3M Group, Parker Hannifin Corporation, The Lubrizol Corporation, The Merck Group, Novasentis, Inc., Avient Corporation, The Heraeus Group, Ras Labs, LLC, Cedrat Technologies S.A. are some of the major market players in Global Electroactive Polymer Market.
Report Scope
In this report, Global Electroactive Polymer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Electroactive Polymer, By Type:
Conductive Plastics
Inherently Conductive Polymers
Inherently Dissipative Polymers
- Electroactive Polymer, By Application:
Electrostatic Discharge Protection
Electromagnetic Interference Shielding
Actuators
Capacitors
Others
- Electroactive Polymer, By Region:
North America
- United States
- Mexico
- Canada
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
Asia-Pacific
- China
- Japan
- South Korea
- India
- Taiwan
- Malaysia
South America
- Brazil
- Colombia
- Argentina
Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Electroactive Polymer Market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Electroactive Polymer Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Conductive Plastics, Inherently Conductive Polymers, Inherently Dissipative Polymers)
- 5.2.2. By Application (Electrostatic Discharge Protection, Electromagnetic Interference Shielding, Actuators, Capacitors, and Others)
- 5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
- 5.2.4. By Company (2022)
- 5.3. Market Map
- 5.3.1. By Type
- 5.3.2. By Application
- 5.3.3. By Region
6. North America Electroactive Polymer Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
- 6.3. Pricing Analysis
- 6.4. North America: Country Analysis
- 6.4.1. United States Electroactive Polymer Outlook
- 6.4.1.1. Market Size & Forecast
- 6.4.1.1.1. By Value & Volume
- 6.4.1.2. Market Share & Forecast
- 6.4.1.2.1. By Type
- 6.4.1.2.2. By Application
- 6.4.1.1. Market Size & Forecast
- 6.4.2. Mexico Electroactive Polymer Outlook
- 6.4.2.1. Market Size & Forecast
- 6.4.2.1.1. By Value & Volume
- 6.4.2.2. Market Share & Forecast
- 6.4.2.2.1. By Type
- 6.4.2.2.2. By Application
- 6.4.2.1. Market Size & Forecast
- 6.4.3. Canada Electroactive Polymer Outlook
- 6.4.3.1. Market Size & Forecast
- 6.4.3.1.1. By Value & Volume
- 6.4.3.2. Market Share & Forecast
- 6.4.3.2.1. By Type
- 6.4.3.2.2. By Application
- 6.4.3.1. Market Size & Forecast
- 6.4.1. United States Electroactive Polymer Outlook
7. Europe Electroactive Polymer Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
- 7.3. Pricing Analysis
- 7.4. Europe: Country Analysis
- 7.4.1. Germany Electroactive Polymer Outlook
- 7.4.1.1. Market Size & Forecast
- 7.4.1.1.1. By Value & Volume
- 7.4.1.2. Market Share & Forecast
- 7.4.1.2.1. By Type
- 7.4.1.2.2. By Application
- 7.4.1.1. Market Size & Forecast
- 7.4.2. France Electroactive Polymer Outlook
- 7.4.2.1. Market Size & Forecast
- 7.4.2.1.1. By Value & Volume
- 7.4.2.2. Market Share & Forecast
- 7.4.2.2.1. By Type
- 7.4.2.2.2. By Application
- 7.4.2.1. Market Size & Forecast
- 7.4.3. United Kingdom Electroactive Polymer Outlook
- 7.4.3.1. Market Size & Forecast
- 7.4.3.1.1. By Value & Volume
- 7.4.3.2. Market Share & Forecast
- 7.4.3.2.1. By Type
- 7.4.3.2.2. By Application
- 7.4.3.1. Market Size & Forecast
- 7.4.4. Italy Electroactive Polymer Outlook
- 7.4.4.1. Market Size & Forecast
- 7.4.4.1.1. By Value & Volume
- 7.4.4.2. Market Share & Forecast
- 7.4.4.2.1. By Type
- 7.4.4.2.2. By Application
- 7.4.4.1. Market Size & Forecast
- 7.4.5. Spain Electroactive Polymer Outlook
- 7.4.5.1. Market Size & Forecast
- 7.4.5.1.1. By Value & Volume
- 7.4.5.2. Market Share & Forecast
- 7.4.5.2.1. By Type
- 7.4.5.2.2. By Application
- 7.4.5.1. Market Size & Forecast
- 7.4.1. Germany Electroactive Polymer Outlook
8. Asia-Pacific Electroactive Polymer Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. Pricing Analysis
- 8.4. Asia-Pacific: Country Analysis
- 8.4.1. China Electroactive Polymer Outlook
- 8.4.1.1. Market Size & Forecast
- 8.4.1.1.1. By Value & Volume
- 8.4.1.2. Market Share & Forecast
- 8.4.1.2.1. By Type
- 8.4.1.2.2. By Application
- 8.4.1.1. Market Size & Forecast
- 8.4.2. Japan Electroactive Polymer Outlook
- 8.4.2.1. Market Size & Forecast
- 8.4.2.1.1. By Value & Volume
- 8.4.2.2. Market Share & Forecast
- 8.4.2.2.1. By Type
- 8.4.2.2.2. By Application
- 8.4.2.1. Market Size & Forecast
- 8.4.3. South Korea Electroactive Polymer Outlook
- 8.4.3.1. Market Size & Forecast
- 8.4.3.1.1. By Value & Volume
- 8.4.3.2. Market Share & Forecast
- 8.4.3.2.1. By Type
- 8.4.3.2.2. By Application
- 8.4.3.1. Market Size & Forecast
- 8.4.4. India Electroactive Polymer Outlook
- 8.4.4.1. Market Size & Forecast
- 8.4.4.1.1. By Value & Volume
- 8.4.4.2. Market Share & Forecast
- 8.4.4.2.1. By Type
- 8.4.4.2.2. By Application
- 8.4.4.1. Market Size & Forecast
- 8.4.5. Taiwan Electroactive Polymer Outlook
- 8.4.5.1. Market Size & Forecast
- 8.4.5.1.1. By Value & Volume
- 8.4.5.2. Market Share & Forecast
- 8.4.5.2.1. By Type
- 8.4.5.2.2. By Application
- 8.4.5.1. Market Size & Forecast
- 8.4.6. Taiwan Electroactive Polymer Outlook
- 8.4.6.1. Market Size & Forecast
- 8.4.6.1.1. By Value & Volume
- 8.4.6.2. Market Share & Forecast
- 8.4.6.2.1. By Type
- 8.4.6.2.2. By Application
- 8.4.6.1. Market Size & Forecast
- 8.4.7. Malaysia Electroactive Polymer Outlook
- 8.4.7.1. Market Size & Forecast
- 8.4.7.1.1. By Value & Volume
- 8.4.7.2. Market Share & Forecast
- 8.4.7.2.1. By Type
- 8.4.7.2.2. By Application
- 8.4.7.1. Market Size & Forecast
- 8.4.1. China Electroactive Polymer Outlook
9. South America Electroactive Polymer Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. Pricing Analysis
- 9.4. South America: Country Analysis
- 9.4.1. Brazil Electroactive Polymer Outlook
- 9.4.1.1. Market Size & Forecast
- 9.4.1.1.1. By Value & Volume
- 9.4.1.2. Market Share & Forecast
- 9.4.1.2.1. By Type
- 9.4.1.2.2. By Application
- 9.4.1.1. Market Size & Forecast
- 9.4.2. Colombia Electroactive Polymer Outlook
- 9.4.2.1. Market Size & Forecast
- 9.4.2.1.1. By Value & Volume
- 9.4.2.2. Market Share & Forecast
- 9.4.2.2.1. By Type
- 9.4.2.2.2. By Application
- 9.4.2.1. Market Size & Forecast
- 9.4.3. Argentina Electroactive Polymer Outlook
- 9.4.3.1. Market Size & Forecast
- 9.4.3.1.1. By Value & Volume
- 9.4.3.2. Market Share & Forecast
- 9.4.3.2.1. By Type
- 9.4.3.2.2. By Application
- 9.4.3.1. Market Size & Forecast
- 9.4.1. Brazil Electroactive Polymer Outlook
10. Middle East and Africa Electroactive Polymer Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Country
- 10.3. Pricing Analysis
- 10.4. MEA: Country Analysis
- 10.4.1. South Africa Electroactive Polymer Outlook
- 10.4.1.1. Market Size & Forecast
- 10.4.1.1.1. By Value & Volume
- 10.4.1.2. Market Share & Forecast
- 10.4.1.2.1. By Type
- 10.4.1.2.2. By Application
- 10.4.1.1. Market Size & Forecast
- 10.4.2. Saudi Arabia Electroactive Polymer Outlook
- 10.4.2.1. Market Size & Forecast
- 10.4.2.1.1. By Value & Volume
- 10.4.2.2. Market Share & Forecast
- 10.4.2.2.1. By Type
- 10.4.2.2.2. By Application
- 10.4.2.1. Market Size & Forecast
- 10.4.3. UAE Electroactive Polymer Outlook
- 10.4.3.1. Market Size & Forecast
- 10.4.3.1.1. By Value & Volume
- 10.4.3.2. Market Share & Forecast
- 10.4.3.2.1. By Type
- 10.4.3.2.2. By Application
- 10.4.3.1. Market Size & Forecast
- 10.4.1. South Africa Electroactive Polymer Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Recent Developments
- 12.2. Product Launches
- 12.3. Mergers & Acquisitions
13. Global Electroactive Polymer: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Business Overview
- 15.2. Product Offerings
- 15.3. Recent Developments
- 15.4. Financials (In Case of Listed Companies)
- 15.5. Key Personnel
- 15.6. SWOT Analysis
- 15.6.1. Solvay S.A.
- 15.6.2. 3M Group
- 15.6.3. Parker Hannifin Corporation
- 15.6.4. The Lubrizol Corporation
- 15.6.5. The Merck Group
- 15.6.6. Novasentis, Inc.
- 15.6.7. Avient Corporation
- 15.6.8. The Heraeus Group
- 15.6.9. Ras Labs, LLC
- 15.6.10. Cedrat Technologies S.A
16. Strategic Recommendations
