Overview and Scope
Conductive polymers are a unique category of organic materials with optical and electrical properties related to metals and semiconductors. It is employed to improve the stability, speed, and sensitivity of different devices.
Sizing and Forecast
The conductive polymers market size has grown strongly in recent years. It will grow from $4.93 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to discovery of conductive polymer properties, development of polymer blends and composites, advancements in material science, application in electronic devices, environmental and cost advantages.
The conductive polymers market size is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to expansion of automotive electronics, focus on sustainability and environmental impact, growth in energy storage solutions, expansion of photovoltaic industry, rise in electronic and electrical applications.. Major trends in the forecast period include innovations in electric vehicle technology, enhanced sustainability and eco-friendly solutions, advancements in energy storage solutions, rise in smart textiles and wearables, emergence of 3d printing technology.
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Segmentation & Regional Insights
The conductive polymers market covered in this report is segmented –
1) By Type: Polyaniline, Polypyrrole, Polyphenylene Vinylene, Poly(3,4-ethylenedioxythiophene) (PEDOT), Polyacetylene
2) By Conduction Mechanism: Conducting Polymer Composites, Inherently Conductive Polymers
3) By Application: Anti-Static Packagings And Coatings, Photographic Film, Solar Cell, Display Screen, Polymer Capacitor, LED Lights
North America was the largest region in the conductive polymers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conductive polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for consumer electronics is expected to drive the conductive polymers market going forward. Consumer electronics are any electronic equipment powered by electricity that contains circuit boards and is utilized regularly by end users or consumers for non-commercial/professional applications. Conductive polymers are used as insulating, conducting, adhesive, and coating components in many electrical and electronic devices. For instance, In April 2021, according to a market figure published by gfu Consumer and Home Electronics GmbH, a Germany-based consumer electronics company, stated that with 31.2 billion Euros in sales in 2021, the consumer electronics segment is up 2.5% from 2020. Additionally, the segment of IT goods for private use grew positively, increasing by 3.1% to 8.5 billion euros. Therefore, the increasing demand for consumer electronics is expected to propel the growth of the conductive polymers market.
Key Industry Players
Major companies operating in the conductive polymers market report are The Lubrizol Corporation, Minnesota Mining and Manufacturing Company, Covestro AG, Celanese Corporation, Saudi Basic Industries Corporation, Henkel AG & Co. KGaA, Merck KGaA, Kemet Corporation, Eeonyx Corporation, Rieke Metals LLC, Agfa-Gevaert N.V., Hyperion Catalysis International, MacDermid Inc., PolyOne Corporation, Heraeeus Holding GmbH, ABTECH Scientific Inc., PolyIC GmbH & Co. KG, RTP Company, Polylink Polymers Limited, H.C. Starck, Haydale Graphene Industries plc, Parker Hannifin Corporation, Nitto Denko Corporation, Novasentis Inc., Sun Chemical Corporation, Westlake Chemical Corporation, Premix Oy, Nanoramic Laboratories, Cabot Microelectronics Corporation, Conductive Technologies Inc., Entekno Materials, AGC Chemicals Americas Inc.
The conductive polymers market report table of contents includes:
1. Executive Summary
2. Conductive Polymers Market Characteristics
3. Conductive Polymers Market Trends And Strategies
4. Conductive Polymers Market – Macro Economic Scenario
5. Global Conductive Polymers Market Size and Growth
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26. South America Conductive Polymers Market
27. Brazil Conductive Polymers Market
28. Middle East Conductive Polymers Market
29. Africa Conductive Polymers Market
30. Conductive Polymers Market Competitive Landscape And Company Profiles
Top Major Players:
- The Lubrizol Corporation
- Minnesota Mining and Manufacturing Company
- Covestro AG
- Celanese Corporation
- Saudi Basic Industries Corporation
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