Industrial Insulation Market New Tech Developments, Emerging Trends and Top Players by Owens Corning, Thomas Insulation Corporation, Temati, Samhwa Chemicals Co., Ltd, STI Co., Ltd, NOVASENTIS, INC

Segment Insights:

The inherently conductive polymer product segment is anticipated to grow at an expanding CAGR during the forecast years. 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 antistatic packaging segment is expected to exhibit a CAGR of over 7.5% during the assessed period. The increasing use of polypropylene, polyethylene in the packaging of consumer electronics and medical devices is substantially propelling the growth of the segment.

Leading Companies:

Some of the prominent players operating in the global electroactive polymers market Solvay (Belgium), Parker-Hannifin Corporation (U.S.) Agfa-Gevaert Group (Belgium), 3M (U.S.), Merck Sharp & Dohme Corporation (Germany), The Lubrizol Corporation (U.S.), NOVASENTIS, INC (U.S.), Premix (Finland), PolyOne Corporation (U.S.) and Kenner Material & System Co., Ltd (China) among others.

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Regional In-Depth Analysis:

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.

Market Information:

Electroactive polymers are also known as EAP. They are a class of polymers that undergo a change in shape and size when an external electrical field is applied to it. 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. The global electro-active polymers market is expected to exhibit a CAGR of over 7% during the review period. 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.

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Market Segments:

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.

Intended Audience

Electroactive Polymers market manufacturers
Traders and Distributors of Electroactive Polymers market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

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This release was published on openPR.