Electroactive Polymers Market Growth by Companies, Industry share, Upcoming Trends, Opportunities and Top Market Players are Solvay, NOVASENTIS, INC, 3M, Parker-Hannifin Corporation, Agfa-Gevaert Group

The global electro-active polymers market is expected to exhibit a CAGR of over 7% during the review period. The major advantages of electroactive polymers are lightweight, easy manufacturing, and available low cost. Electroactive polymers are extensively used in various applications such as actuators, sensors, ESD & EMI protection, drug delivery systems, robotics, and electrostatic plastics among others.

Some of the major market players in the global Electroactive Polymers Market are

Solvay
Parker-Hannifin Corporation
Agfa-Gevaert Group
3M
Merck Sharp & Dohme Corporation
The Lubrizol Corporation
NOVASENTIS, INC
Premix
PolyOne Corporation
Kenner Material & System Co., Ltd

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Market Overview:

The growing investment in the research and development activities in the IPC sector has fuelled its use in the medicines, energy, robotics and smart fabrics sector, which, in turn, is contributing to the growth of the segment. Among the various application segment, the ESD & EMI protection are expected to be the dominant segment. The growing use of advanced technologies in the automobiles is expected to be the major contributor to the segmental growth.

The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market growth during the forecast years. Moreover, the growing demand from the automobile and electronics sector among others is further anticipated to contribute to the growth of the segment. The growing demand from the developing region across the globe are the major factors driving the global market of the electroactive polymer. The growing application in automobiles and electrical & electronics are other factors contributing to the growth of the market. Among the various application sector, ESD & EMI protection is the dominant segment and is expected to show the same trend during the forecast years.

The growing applications in robotics, coatings, energy harvesting, smart fabrics and pharmaceuticals among others are extensively contributing to the growth of the market. Inherently conductive polymers possess excellent properties such as enhanced transparency, environmental stability, and high processibility. Moreover, the low cost of production is also adding to the growth of the segment. Inherently conductive polymer segment is anticipated to be the fastest growing segment during the given period. On the basis of the application, electrostatic discharge segment accounted for the largest market share in 2016 whereas, the actuator application is projected to be the fastest growing during the forecast period. The growing application in the electrical & electronics and the automobile industry is positively affecting the growth of the segment.

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Market Segment:

The global electro-active polymers market is segmented into product type and application.

On the basis of the product type, the market is segmented into conductive polymers, inherently dissipative polymers, inherently conductive polymers, and others.

On the basis of the application, the global electroactive polymers is further segregated into actuators, sensors, ESD & EMI protection, antistatic packaging, and others.

Regional Insights:

The global electroactive polymer market is spanned across five key regions: Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa.

Among these, Asia Pacific is expected to be the fastest growing market on account of the growing demand for electroactive polymers in the automobile and electrical & electronic industry. Moreover, the development of retail sector especially in India and China along with the growing penetration of smartphones has surged the demand for consumer electronics, in turn, boosting the market.

North America is anticipated to be the largest market closely followed by Europe. The presence of the development of automobile and electronics sector is the key factor propelling the market. Moreover, the growing research and development activities in robotics is expected to have a positive impact on the market owing to the extensive use of actuators in robotics.

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This release was published on openPR.