Global Conductive Polymer Market (Size of $ 4921.9 million in 2016) to Witness 10.7% CAGR during 2017 – 2023
The overall conductive polymer market across the world is mainly driven by the increased usage in robotics as conductive polymers are more cost effective than semiconductor material and metals.
Factors propelling the growth of conductive polymer market are increased usage of conductive polymer in various applications, growing demand for intelligent material owed to its properties, industrialization and economic growth in emerging nations.
The report segments the Conductive Polymer market by Type (Inherently Conductive Polymer, Polyaniline, Polyphenylene Based Resin and Others), by Application (Antistatic Packaging, ESD & Emi Protection, Capacitors, Actuators, Sensor, Batteries, Solar Cells and Others) by Region (North America, Europe, Asia-Pacific and Rest of the World (RoW)). The report studies the global conductive polymer market over the forecast period (2017-2023).
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Conductive Polymer refers to the organic polymers which conduct electricity, in the form of metallic conductivity or in semiconductors form.
The processability, mostly by dispersion is the advantage of conductive polymers. These polymers offer high electrical conductivity but lacks similar mechanical properties to other commercially available polymers. In order to fine-tune the electrical properties, the method of organic synthesis and advanced dispersion technique can be used.
Key findings of the Conductive Polymer Market
The conductive polymer market is expected to reach capacity of 649.7 kiloton by 2023.
ESD & EMI Protection in application segment is the largest sector which is expected to grow at 10.5% CAGR during the forecast period. The industry is rising owed to growing awareness towards electronic devices from electrostatic discharge.
Based on type, Inherently Conductive Polymer is expected to grow at a CAGR of7% during 2017 to 2023.
Geographically, North America held the largest market share due to increased replacement of conductive polymer in automotive and healthcare industries.
Asia-Pacific region is estimated to be the fastest growing region registering 10.6% CAGR, as a result of more product launches by the growing automotive sector.
The key players dealing in the conductive polymer market are The Dow Chemical Company, The Lubrizol Corporation, Covestro AG, 3M Company, RTP Company, The Solvay Sa, Saudi Basic Industries Corporation, Henkel AG &Co., Celanese Corporation, Polyone Corporation.
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