Conductive Polymers Market is projected to be worth USD 7.9 Billion by 2027, registering a CAGR of 8.4% during the forecast period (2020 - 2027).
Conductive Polymers Market is projected to be worth USD 7.9 Billion by 2027, registering a CAGR of 8.4% during the forecast period (2020 - 2027).According to the latest research report, the global conductive polymers market size is expected to grow significantly during the forecast period. Conductive polymers are some kind of polymer which is capable of conducting electrical current. Such polymers were lighter, low-cost plastics that, when driven by energy, compress, twist, or protrusion in various directions. These polymers have metallic conductance and may thus be employed as semiconductors in specific applications. These polymers are widely employed in a variety of applications, including solar cells, cells, antistatic packaging, capacitors, actuators, textiles, sensors, and organic transistors, among many others. The requirement for conductive polymers in the abovementioned applications is increasing, which is a significant driver driving the expansion of the worldwide conductive polymers market.
Furthermore, increased consumer knowledge about the need to protect electronic equipment from electrostatic discharges and radio interference is likely to influence market development in the coming years positively. Furthermore, the rising spending power of people in developing markets has increased the development of electronic products, which adds to the overall income of the worldwide market. Furthermore, the rising mobile phone market throughout the world, along with numerous government attempts to computerize the economy, is also contributing to market expansion. Apart from that, because of the widespread usage of lighter materials in the vehicle sector to improve fuel economy, PPP-based polymers and ABS have become more popular as wire and cable insulation materials.
This report contains all the information on the global conductive polymers market analysis and its strengths. In addition, the report also includes the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global conductive polymers market forecast for 2027 is also included in the report.
Covid 19 Analysis
The COVID-19 outbreak had an extraordinary influence on global businesses and economic development, and it continues to have an impact today. The epidemic has had the most significant impact on major markets worldwide, such as the United States, China, India, Brazil, and Germany. This issue has impacted every level of the conductive polymer distribution chain. All governments throughout the globe have implemented trade embargoes and quarantines in order to prevent the transmission of the coronavirus from spreading.
Electrical goods, such as televisions, cell phones, and computers, are expected to increase in popularity. Adapting to new lifestyles, increasing consumer incomes, and easier access to finances, the need for electronics from householders is expected to expand. These polymers are becoming more popular in the end-user sectors because of their significant benefits, such as reduced costs, more excellent performance, lighter weight than metal, and superior mechanical qualities. Antistatic packaging & coatings, actuators, and sensors all employ conductive polymers that will experience growing demands in the electronic sector because of fast advancements in technology and increased output.
Aside from that, current research into the use of these polymers in biomedical applications like synthetic biology, wound repair, regenerative medicine, and other areas will present good potential for the conductive polymers market growth.
The poorer thermal conductivity of polymers compared to traditional materials like ceramics and metals is the most significant factor impeding the development of the global conducting polymers industry in the short term.
Manufacturers' dependence on crude oil costs is projected to continue to be a source of the difficulty. In addition, industry players are expected to relocate their manufacturing facilities to the region as a result of improvements in the electronics sectors of japan, china, and South Korea, according to projections.
Cumulative Growth Analysis
In addition, ongoing research and development operations to produce new conductive polymers which will allow the electronic sector to build efficient and reliable electronic circuits will continue to see significant conductive polymers market value during the predicted period. Examples include a stable and high polymer ink developed by scientists from the Linköping University of Sweden in working collaboratively in the United States and South Korea in April 2021. The innovative n-type material makes it easier to produce the next-generation printable digital equipment under development. Moreover, the novel substance is more eco-sustainable than other natural conductors that are already in use in the electronics industry.
In 2020, the revenue produced by actuator and sensor applications was expected to be over $474 million. Sensors rely on signal transducers made from conductive polymers. Sensing technology has a number of factors, such as delicacy, selection, and reaction time, that must be considered. However, polymers have had the edge over their inorganic materials because of their chemical and structural variety, which allows them to achieve excellent specificity and sensitivity. In addition, polymers' toughness above other materials, as well as low-temperature production and processing, make these polymers ideal for use in applications such as medical implants. Consequently, conductive polymers are indeed a viable alternative to traditional sensor technologies.
Value Chain Analysis
According to the reports, the worldwide conductive polymers industry has been split into three categories: product type, application, and geographic location. The market has been segmented based on product type into the following categories: intrinsically conductive polymers (ICP), acrylonitrile-butadiene-styrene (ABS), polyphenylene-polymer (PPP)-based resins, polycarbonates, nylon, and others. Depending on the application, the market has been split into solar energy, capacitors, actuators and sensors, antistatic packaging, batteries, and other categories.
The market is segmented based on product type, application, and geographic location. As a result, the global conductive polymers market trends are expected to witness decent growth during the forecast period.
The application is segmented into solar energy, capacitors, actuators and sensors, antistatic packaging, batteries, and others based on the application.
The market is segmented into intrinsically conductive polymers (ICP), acrylonitrile-butadiene-styrene (ABS), polyphenylene-polymer (PPP)-based resins, polycarbonates, nylon, and others based on the propulsion types.
Global Conductive Polymers Market Share, by Product Type
Source: MRFR Analysis
According to the reports, the conductive polymers market has been classified into Europe, Latin America, Asia-Pacific, North America, and the Middle East and Africa. Apart from the middle east and Africa, all the above mentioned nations are the most developed areas. However, Asia-Pacific is predicted to be the biggest market during the projection timeframe, with a considerable compound annual growth rate. Due to the increasing GDP in the area, the car industries of India, China, and Japan have seen rapid expansion. Consequently, conductive polymers are being used in wire hoses and motor boxes, among many other applications.
Furthermore, in order to minimize reliance on oil imports, authorities are pushing the use of lighter materials in the transport industry, which is projected to result in an increase in the usage of ABS and PPP-based resins in the transportation industry. In addition, the expansion of the electronics sector in the area, particularly in China and Japan, is also contributing to the development of the conductive polymers sector in the region.
Over the long term, industry participants are concentrating on mergers and acquisitions, product design, research, and development spending, as well as strategic alliances and joint venture initiatives.
Major Key Players
The following report comprises of –
By Conduction Mechanism
|Market Size||2027 : USD 7.9 Billion|
|Forecast Period||2020 to 2027|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Applications|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Covestro AG (Germany), 3M (U.S.), Celanese Corporation (U.S.), Solvay (Belgium), PolyOne (U.S.), SABIC (Saudi Arabia), Heraeus Holding (Germany), Premix (U.S.), MacDermid (U.S.), and Hyperion Catalysis International (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
Massive demand for actuators, sensors, batteries, capacitors, solar cells, organic transistors, and anti-static packaging is the major driver of the global conductive polymers market.
The growing smartphone industry and the use of lightweight materials in the automotive sector are trends driving the global conductive polymers market.
Under the ‘product type’ segment, acrylonitrile butadiene styrene can dominate the global conductive polymers market till 2027.
The APAC region can be the largest in the global conductive polymers market till 2027.
Solvay SA, AGFA-Gevaert NV, The Lubrizol Corporation, Celanese Corporation, Heraeus Holding GmbH, Polyone Corporation, Henkel AG & Co. KGaA, Covestro AG, 3M Company, and Saudi Arabia Basic Industries Corporation are notable players of the global conductive polymers market.