Market Scenario
Market Research Future (MRFR)
speculates that the global conductive polymers market is predicted to
demonstrate a healthy CAGR during the forecast period (2017-2027) owing to the
augmenting electrical & electronics sector. Conductive polymers are
referred to as a class of polymers which conduct electricity. They are
inexpensive and light in weight and tend to bend, shrink, or protrude when
stimulated by electricity. Conductive polymers can offer metallic conductivity
and can be used as semiconductors. Such polymers find its application in textiles,
anti-static packaging, batteries, capacitors, solar cells, sensors, organic
transistors, and actuators.
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Market Potential and Pitfalls
With the burgeoning electrical
and electronics sector, the global conductive polymers market is likely to
expand at an instantaneous pace. Conductive polymers are replacing metals and
other conductive compounds in the electronics sector owing to its low weight.
The damage made by these coatings are less and are less toxic in nature
compared to other metals. Owing to such benefits, conductive polymers are
extensively used in flat screen displays for computers, personal digital
assistants, mobile phones, and other screens. Moreover, with the increasing
disposable income along with modernization, the demand for electronics have
risen at a tremendous rate which is anticipated to trigger the market growth
for conductive polymer coatings market. The growing demand for lightweight, high-performance and inexpensive products is
augmenting the market growth for conductive polymers. Benefits such as
flexibility, dimensional stability, strength, and chemical resistance have
further triggered its demand in the global market.
Moreover, the rising demand for
conductive polymer coatings from the organic solar cells is likely to
accelerate the market growth throughout the assessment period. As the organic
semiconductors provide improved and better electromagnetic interference along
with electrostatic discharge compared to other semiconductors, it is
extensively used. The photovoltaic sector is predicted to attract the
conductive polymers market as they serve as an effective alternative to
silicon. In the photovoltaic industry,
conductive polymers are used in chip packaging, display materials,
ultra-capacitors, and plastic transistors. Additionally, the augmenting
consumer awareness associated with the shielding of electronic devices from
radio frequency interference and electrostatic discharge is predicted to impact
the market positively. Also, the accelerating smartphone market across the
world and government initiatives to digitalize the economy if further
encouraging the market to expand.
On the contrary, the high
production cost of the conductive polymer
is likely to dampen the market growth globally. Moreover, the fluctuating cost
of the raw materials along with the cost of the manufacturing
process are some of the top barriers considered to vitiate the market growth in
the coming years. Despite such hiccups, with technological advancements, the
overall production cost is predicted to decline with the increased production value.
Global Conductive Polymers Market: Segmental Analysis
The global conductive polymers
market has been segmented on the basis of product type and application.
By mode of product type, the
global conductive polymers market has been segmented into polycarbonates,
acrylonitrile-butadiene-styrene (ABS), nylon, polyphenylene-polymer (PPP)-based
resins, inherently conductive polymers (ICP), and others. Among these, the ABS
segment is likely to occupy the largest
share with 32% in 2017. The growth is credited to the properties provided by
ABS such as durability, strength, and temperature resistance. ABS also find its
application in electronic applications like IC chip carriers, IC tray & tray dividers, and tote boxes, which is
likely to contribute to the growth of the segment.
By mode of application, the
global conductive polymers market has been segmented into anti-static
packaging, capacitors, actuators and sensors, batteries, solar energy, and
others. Among these, the actuators and sensors segment is likely to expand at a significant rate owing to the increasing
adoption rate of electroactive polymers in solar energy, electronics, and healthcare.
Regional Insights
Geographically, the Conductive
Polymers Market Growth span across regions namely, Europe, North America,
Asia Pacific, Latin America, and the Middle East & Africa.
Considering the global scenario,
the Asia Pacific region is considered to occupy the largest market share during
the estimated period. With the increasing GDP in this region, the growth in the
automobile sector has increased in
economies such as China, India, and Japan. This has further led to the
application of conductive polymers in engine boxes and wire hose. Also, to
minimize the dependency on crude oil imports, the government are encouraging the use of lightweight materials in the
transportation industry, which will further boost the use of PPP and ABS-based
resins. Moreover, the growth of the electronics
industry in the Asia Pacific region, especially in nations like China and Japan
has contributed to the growth of conductive polymers market in this region.
Government schemes such as Make in India and Digital India Campaign are
bolstering the demand for conductive polymers.
The North American region is
predicted to exhibit a significant growth owing to the developed end-use
industries and burgeoning adoption of conductive polymers in electronics,
healthcare, and energy sectors. Also, the presence of major automobile
manufacturers in this region are likely to trigger the demand for conductive
polymers in this region.
Industry Updates
February 23, 2019: The Swiss
Federal Laboratories for Materials Testing and Research along with the Fraunhofer
Institute ISC have launched a joint research project at the beginning of the
year and named it IE4B. the project aims toward creating the basis for the
production-ready solid-state batteries specifically for the electric cars. As
per the partners, this technology towards solid-state batteries will provide an
opportunity to bring the technology to Europe that was in the hands of the
Asian companies.
Competitive Dashboard
The prominent players operating
the global conductive polymers market are Covestro AG, Solvay SA, The Lubrizol
Corporation, Celanese Corporation, Heraeus Holding GmbH, Saudi Arabia Basic
Industries Corporation, Polyone
Corporation, AGFA-Gevaert NV, Henkel AG & Co. KGaA, and 3M Company.
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