Global Conductive Polymers Market Size to Cross $ 6 Bn by 2025

January 24, 2020

According to the latest research report titled ‘Conductive polymers market size by Conduction Mechanism (Conducting Polymer Composites [Acrylonitrile Butadiene Styrene {ABS}, Polycarbonate {PC}, Polyvinyl Chloride {PVC}, Polypropylene {PP}, Nylon]), Inherently Conductive Polymers [Polyaniline {PANI}, Polypyrrole {PPY}, Polyphenylene vinylenes {PPV}, Poly(3,4- ethylenedioxythiophene) polystyrene sulfonate {PEDOT}]), By Application (Anti-static packaging and coating, Capacitors, Actuators and Sensors, Batteries, Solar cells, Electroluminescence, Printed Circuit Board), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Spain, Italy, Russia, China, India, Japan, Indonesia, Malaysia, South Korea, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Kuwait), Growth Potential, Price Trends, Competitive Market Share and Forecast, 2019-2025’ available with Market Study Report LLC, the global conductive polymers market is projected to surpass USD 6 billion by 2025.

Rise in purchasing power and the need to adopt technologically advanced and innovative electronic devices is fueling electronics trends across the globe. Increased use of antistatic coatings in electronics and semiconductor sector owing to the ability to provide protection to the devices from electrostatic damages is a pivotal factor positively influencing conductive polymers market outlook.

Thermochromism, electrochromism, superconductivity, nonlinearity are some of the integral characteristics of conductive polymers supporting the extensive usage of the products in industries such as automobiles, aerospace, semiconductors and electronics. With respect to application, capacitors, actuators, and sensors have gained widespread demand owing to the requirement for micro-sized electronic devices such as supercapacitors. Growing trend for integrating computing power in compact spaces will complement the industry landscape.

Elaborating further on application scope, in 2018 the anti-static packaging and coatings segment accounted for approximately 25% of the total conductive polymers market share and is expected to grow at a CAGR of close to 8% through 2025. The product is widely used in the production of supercapacitors, vapor sensors, biopharmaceuticals, installations, and printed circuit boards.

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Conductive polymers render superior flexibility along with increasing the conductivity of electronic components such as sensors, capacitors and PCBs. In terms of conduction mechanism, the industry is bifurcated into composites and inherently conductive polymers. Conducting polymer composites are highly preferred materials due to their cost-effectiveness and ease of availability.

Frequently Asked Questions (FAQ) :

Conductive polymers help in protecting electronic devices from electrostatic damage thereby enhancing the life of the equipment. Additionally, they exhibit properties like superconductivity, non-linearity, thermochromism, and electrochromism which drives the usage of the product in critical industries such as, aerospace, automobile, semiconductor and electronics.
Regionally, North America will register notable demand for conductive polymers owing to constant R&D in the electronics and semiconductor industry to meet the changing consumer product requirements. Huge investments being made by the market players like Celanese Corporation and 3M to carry out developments and innovations in the products will amplify conductive polymers consumption. In 2018, North America comprised nearly 40% of the total conductive polymers market share.
Easy availability and low cost of conducting polymer composites (CPCs) is a major factor supplementing its use. Additionally, excellent mechanical properties and superior conductivity are other vital drivers impacting their demand. Reportedly, ABS polymer under CPC segment is anticipated to register gains of more than 7% in the coming years.
Key industry players in conductive polymers market include PolyOne Corporation, Dow, SABIC, Agfa Gevaert and 3M, among several others. With an aim to enhance business profit margins by expanding the product portfolio, prominent companies are entering into mergers and alliances. In 2019, PolyOne reportedly announced the acquisition of Fiber-Line with an aim to expand its operations globally.