Conductive
Polymers Market – Market Overview:
Conductive
polymers are a class of polymers that conduct electricity. These polymers are
lightweight, inexpensive plastics, which when stimulated by electricity shrink,
bend, or protrude. These polymers offer metallic conductivity and can be used
as semiconductors. These polymers are extensively used for anti-static
packaging, textiles, capacitors, batteries, sensors, solar cells, actuators,
and organic transistors. The growing demand in the aforementioned applications
is a major factor driving the growth of the global conductive polymers market.
Moreover, increasing consumer awareness regarding the shielding of electronic
devices from electrostatic discharge and radio frequency interference is
expected to positively impact market growth. Moreover, the growing
purchasing power in emerging economies has augmented the demand for electronics
which is also contributing to the revenue of the global market. Furthermore,
the growing smartphone market across the globe coupled with various government
initiatives to digitalize the economy is driving market growth. In addition,
the extensive use of lightweight materials in the automobile industry to
increase fuel efficiency has propelled the use of PPP-based resins and ABS in
wiring systems.
On the basis
of product type, the ABS segment was the largest, accounting for over 32% in
2017. The growth of the segment can be attributed to the superior properties of
ABS, including enhanced impact strength, durability, and temperature
resistance. Moreover, ABS is used in numerous electronic applications such as
IC tray and tray dividers, IC chip carriers, and tote boxes. Furthermore, the
PPP-based resins segment is expected to grow at a significant CAGR due to its
extensive use in the manufacturing of under-the-hood vehicle components as it
offers enhanced thermal and chemical resistance.
Segmental
Analysis
The global
conductive polymers market has been segmented by product type, application, and
region. On the basis of product type, the market has been segregated into
acrylonitrile-butadiene-styrene (ABS), polycarbonates, polyphenylene-polymer
(PPP)-based resins, nylon, inherently conductive polymers (ICP), and others. On
the basis of application, the market has been segmented into capacitors,
anti-static packaging, batteries, actuators and sensors, solar energy, and
others.
Key Players
Some of the
prominent players operating in the global conductive polymers market are 3M
Company, AGFA-Gevaert NV, Celanese Corporation, Covestro AG, Henkel AG &
Co. KGaA, Heraeus Holding GmbH, Polyone Corporation, Saudi Arabia Basic
Industries Corporation, Solvay SA, and The Lubrizol Corporation.
Regional
Analysis
The report
offers a brief analysis of the major regions in the conductive polymers market,
namely, Asia-Pacific, Europe, North America, Latin America, and the Middle East
and Africa.
Intended
Audience
- Conductive polymers producers
- Traders and distributors of conductive
polymers
- Production process industries
- Potential investors
Regional
Analysis
The conductive polymers market has
been segmented into five regions: Europe, Latin America, Asia-Pacific, North
America, and the Middle East & Africa. Asia-Pacific is expected to be the
largest market, growing at a significant CAGR during the forecast period. The
growing GDP in the region has led to the growth of the automobile sectors in
India, China, and Japan, resulting in the application of conductive polymers in
wire hose and engine boxes, among others. Moreover, to reduce the dependence on
crude oil imports, governments are encouraging the use of lightweight materials
in the transportation sector which, in turn, is expected to promote the use of
ABS and PPP-based resins. The growing electronics industry in the region,
mainly in Japan and China, is also fueling the growth of the conductive
polymers market. Additionally, government regulations and schemes such as the
Digital India Campain and Make in India are resulting in the surging demand for
conduction polymers in the region. North America is another dominant market for
conductive polymers. The developed end-use industries, coupled with the growing
adoption of conductive polymers in the healthcare, electronics, and energy
sectors, is a major driving factor for the market in the region. Moreover, the presence
of the ‘big three’ automobile manufacturers in the region is also expected to
result in the increased demand for conductive polymers during the forecast
period.
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