Surging Demand for Electronic Products is stimulating the Global Conductive Polymer Market Growth at 5.58%

According to the estimations put forth by Inkwood Research, the Global Conductive Polymer Market is projected to register a CAGR of 5.58% in terms of revenue during the forecasting years of 2019-2028.

"Browse 42 Market Data Tables and 45 Figures spread over 150 Pages, along with an in-depth TOC on the Global Conductive Polymer Growth Market Forecast 2019-2028."

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Conductive polymers belong to a class of intrinsically conductive polymers (ICPs), that conduct electricity. They depict optical and electrical characteristics that are like metals and inorganic semiconductors. These compounds are advantageous due to their processability, especially by dispersion. Conductive polymers also possess metallic conductivity. They are extensively used in organic solar cells, organic light-emitting diodes, actuators, printing electronic circuits, etc. Moreover, conductive polymers can also be engineered to be porous, biocompatible, and biodegradable.

Rise in Demand for Electronic Products Fuels Market Growth

In recent years, smartphone technology has evolved and replaced several other personal communication and electronic gadgets. With higher resolution cameras, brighter and larger touchscreen displays, and various state-of-the-art features like 3D facial recognition integrated into smartphones at reasonably priced rates, the demand for these smart gadgets are expected to rise. Smartphones consist of numerous electronic and microelectronic elements like capacitors, supercapacitors, printed circuit boards, batteries, gyroscopes, magnetometers, GPS, as well as proximity, fingerprint, and touchscreen sensors. An upsurge in demand for smartphones, primarily because of the integration of advanced technologies like artificial intelligence (AI) virtual reality (VR), augmented reality (AR), and the Internet of Things (IoT), is predicted to influence the conductive polymer market growth. Moreover, the advancement of flexible screens and foldable smartphones are projected to drive the conductive polymer market growth across the forecast years.

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Polymer Capacitor is estimated to register the highest CAGR in the Application Segment

Polymer Capacitor is an electrolyte capacitor (e-cap) with a solid electrolyte of a conductive polymer. Presently, different kinds of polymer capacitors are available in the conductive polymers market, like polymer aluminum electrolytic capacitor and hybrid polymer capacitor, among others, as they are widely used in consumer electronics and automobiles. An upsurge in the global use of electric vehicles to inhibit carbon footprint and reduce dependency on conventional fuels has substantially increased the need for polymer capacitors, as they are used mainly in automobiles. Moreover, conductive polymers are also widely used in consumer electronics. Therefore, the worldwide increase in use and demand for smartphones, LED televisions, and laptops are projected to stimulate the conductive polymer market growth.

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Europe to Mark its Presence in the Global Market with Highest CAGR

Europe is the epicenter of manufacturing automotive, aerospace, and defense equipment, globally. As a result, the presence of defense equipment manufacturing giants like Dassault, British Aerospace Engineering, and Eurofighter GmbH in the region is predicted to raise the demand for conductive polymers. The market growth is attributed to the extensive use of capacitors and sensors to make electronic and circuit boards that are used in fighter jets and submarines. Moreover, the expanding trend of using electric vehicles across the Europe region is assumed to increase the demand for conductive polymers.

Due to an increased number of polymer suppliers, the conductive polymer market is very fragmented. Moreover, the formation of strategic collaborations between buyers and suppliers is projected to be a crucial success factor for eminent industry participants. Consequently, it is expected that industry rivalry will be intense across the forecast period. The key players in the market are Kemet Corporation, 3M Company, Agfa-Gevaert NV, Merck KGaA, Covestro AG, etc.

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This release was published on openPR.