Burgeoning Use of Touchscreen Technology to Create Staggering Volume of Demand for Electroactive Polymers (EAP)
The report, titled “Global Electroactive Polymers Market 2017-2021” serves as a valuable business source for both new and existing players in the global electroactive polymers (EAP) market. It presents an immaculate understanding of the various critical parameters of the market including its dynamics, geographical segmentation, and competitive landscape. As per the findings of the report, the market is poised to register a CAGR of more than 7% from 2017 to 2021.
The increasing use of touchscreen technology is one of the primary factors stimulating the demand for EAP. These polymers are lightweight and cost-effective and offer low density as well as high toughness, large actuation strain constant, and inherent vibration damping. Their unique properties are making them attractive for use in various biomimetic applications such as biologically inspired intelligent robots. The booming demand for ferromagnetic and piezoelectric materials and the increasing investments in the development of conductive technologies is anticipated to augur well for the growth of the market in the forthcoming years. However, the lack of reliable EAP infrastructure is inhibiting the growth of the global market.
On the basis of type, conductive plastics will account for a large share in the market during the forecast period. The growth of the segment can be attributed to the significant application of these polymers for the prevention of electromagnetic interference and electrostatic discharge. Based on application, the market is divided into electrostatic discharge (ESD), electromagnetic interference (EMI), plastic coated with electrostatic paints, and antistatic packaging. ESD will continue to dominate the market until 2021. Random ESDs can adversely affect the production systems. The pressing need to protect sensitive electronic devices from this phenomenon is triggering the development of ESD-protected plastics.
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The report segments the market in terms of geography into North America, Europe, Asia Pacific, and Rest of the World. North America will continue to be the leading revenue generator until 2021. The domicile of a large number of key players is contributing significantly to the growth of the region. The demand for EAP in the region is primarily propelled by the automotive, semiconductor, and electronic industries. Incessant advancements in actuators and sensors are also supplementing the growth of the region.
The growing preference for polymers to metals and semiconductors is attracting many polymer and semiconductor manufacturers to invest in the global EAP market. The majority of EAP manufacturers are paying attention to the introduction of new patents and development of novel and innovative products to stay relevant in the market. These players are also likely to shift their focus towards emerging regions owing to the immense potential offered by them.
Moreover, the rising environmental concerns regarding the emission of hazardous greenhouse gasses is leading to the greater inclination towards bio-based polymers. Several players are likely to capitalize the growing trend. The leading players in the global EAP market are Agfa-Gevaert, Covestro, 3M, Celanese, Merck, and Parker Hannifin. Other prominent manufacturers are Arkema, Sumitomo Chemical, KEMET Corporation, Solvay, and Optotune.
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