Conductive Polymers Market to Show $6.75 billion by 2021

Conductive Polymers Market to Show $6.75 billion by 2021
Conductive Polymers Market
Conductive Polymers Market

According to the report, the global conductive polymers market is expected to reach approximately USD 6.75 billion by 2020, growing at a CAGR of around 8% till 2020.

Conducting polymers are a class of organic polymers that can conduct electricity via the extended conjugation present within their chemical structure. Conductive polymers are classified into the intrinsic and extrinsic polymer. The conductivity of extrinsic polymers is due to the addition of external ingredients. Conductive polymers have the ability to absorb harmful electromagnetic radiation thereby yielding the colored compounds. Conductive polymers possess superior characteristics such as the capacity to exchange ions, the capability to store charge, etc. The conducting properties of a polymer can be modified by doping with specific charge carrier. Owing to its favorable properties conductive polymers are useful in discharging large quantities of static electricity in chemical and computer industries. Conductive polymers comprise some basic polymers such as polypyrrole, polyacetylene, and polyaniline. Polyaniline polymer is widely used in the manufacturing of printed circuit board.

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The major driving factor for the global conductive polymer market is growing demand for high-performance, lightweight, and cost-effective products. Rising importance of biomimetic technology and artificial muscles for solving complex health problems is projected to boost the demand for conductive polymers over the years owing to it’s their lightweight and high energy density. However, volatility in prices is expected to curb the market growth over the forecast period. Nonetheless, increasing usage of conductive polymers in the different application including the production of printed circuit boards, flat panel displays, light emitting diode based (LED) anticipated to open up immense opportunities in the years to come.

Inherently conductive polymers (ICPs), polyaniline, polyphenylene-based resins, polycarbonate, and others are the key product segments of conductive polymer market. Inherently conductive polymers (ICPs) expected to experience the fastest growth and accounted for over 15% in 2014. Some other conductive polymers such as polyvinyl chloride (PVC), polycarbonate, polyphenylene-based resins, polyethylene, and polypropylene are collectively held major share approximately three-fourths of the overall consumption of conductive polymers worldwide.

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On the basis of application, the global conductive polymers market has been segmented into antistatic packaging, ESD & EMI protection, capacitors, actuators, sensors,  batteries, solar cells, and organic transistors electrostatic dissipation (ESD) & electromagnetic interference (EMI) protection dominated the conductive polymer in terms of both volume and revenue in 2014. Polyaniline polymers are majorly used for ESD protection in electronics devices. Although sensors and actuators have the highest market share, they are expected to be the fastest-growing segment of the industry. The growth in the industry is mainly triggered by the growing demand polyethylene, polypropylene, and polyethersulfone as antistatic packaging materials in medical devices and electronic components.

North America accounted for the largest share nearly two-thirds of global conductive polymers market in 2014 followed by Europe. These two regions are expected to retain their position throughout the forecast period. This is majorly attributed to the growing investment in research and development in the region by the Government and private investors. The Europe region, on the other hand, is expected to represent the highest growth rate during the forecast period. Furthermore, strong economic growth in emerging economies and growing demand for batteries and sensors in the automobile industry has resulted in rapid growth across the region. This, in turn, resulted into strong demand for conductive polymers in Asia Pacific region, especially in China and India.

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The global key player in the conductive polymers market includes Ormecon Chemie GmbH, Bayer, The Dow Chemical Company, The Lubrizol Corporation, Crosslink, Henkel Electronics, ITEK, Nano Markets LLC, Voltaic Coatings, ID Tech EX, CBI Polymers Inc., Konarka Technologies Inc and AnCatt.