Press release
Conductive Polymers Global Market Exhibit a Remarkable CAGR of 8.6% and is Expected to Reach $7.45 Billion By 2028 | Covestro AG, Merck KGaA, Rieke Metals LLC, MacDermid Inc., Novasentis Inc.
"The new report published by The Business Research Company, titled ""Conductive Polymers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the conductive polymers market size has grown strongly in recent years. It will grow from $4.93 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The conductive polymers market size is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
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Surging Consumer Electronics Demand Drives Growth In Conductive Polymers Market
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 2021, 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 8.5 billion euros. Therefore, the increasing demand for consumer electronics is expected to propel the growth of the conductive polymers market.
Technological Advancements Propel In 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 a 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.
The conductive polymers market covered in this report is segmented -
1) By Type: Polyaniline, Polypyrrole, Polyphenylene Vinylene, Poly(3,4-ethylenedioxythiophene) (PEDOT), Polyacetylene
2) By Conduction Mechanism: Conducting Polymer Composites, Inherently Conductive Polymers
3) By Application: Anti-Static Packagings And Coatings, Photographic Film, Solar Cell, Display Screen, Polymer Capacitor, LED Lights
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Major companies operating in the conductive polymers market report are The Lubrizol Corporation, Minnesota Mining and Manufacturing Company, Covestro AG, Celanese Corporation, Saudi Basic Industries Corporation, Henkel AG & Co. KGaA, Merck KGaA, Kemet Corporation, Eeonyx Corporation, Rieke Metals LLC, Agfa-Gevaert N.V., Hyperion Catalysis International, MacDermid Inc., PolyOne Corporation, Heraeeus Holding GmbH, ABTECH Scientific Inc., PolyIC GmbH & Co. KG, RTP Company, Polylink Polymers Limited, H.C. Starck, Haydale Graphene Industries plc, Parker Hannifin Corporation, Nitto Denko Corporation, Novasentis Inc., Sun Chemical Corporation, Westlake Chemical Corporation, Premix Oy, Nanoramic Laboratories, Cabot Microelectronics Corporation, Conductive Technologies Inc., Entekno Materials, AGC Chemicals Americas Inc.
Contents of the report:
1. Executive Summary
2. Conductive Polymers Market Report Structure
3. Conductive Polymers Market Trends And Strategies
4. Conductive Polymers Market - Macro Economic Scenario
5. Conductive Polymers Market Size And Growth
…..
27. Conductive Polymers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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