The Electroactive Polymers Global Market Report 2023, provides comprehensive information on the electroactive polymers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global electroactive polymer market is expected to grow from $4.36 billion in 2022 to $4.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electroactive polymer market is expected to reach $6.39 billion in 2027 at a CAGR of 7.8%.
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The introduction of new conductive technologies is a popular trend in the electroactive polymer market. Major companies operating in the electroactive polymer market are focused on new conductive technologies to meet specific demands and sustain their position in the market. For instance, in June 2020, Datwyler Group, a Switzerland-based machinery manufacturing company, and CT Systems, a Switzerland-based engineering company, jointly developed a new electroactive polymer (EAP) actuator technology. The stacked EAP architecture is more durable and consumes less energy than current membrane EAPs. EAP elastomers can change their size or shape when stimulated by an electric field, and the small capacitor stack enables additional axial movement. Voltage is stored in the electrodes and is applied only as needed, making it suitable for electric vehicles without baseline noise and fewer moving parts.
The electroactive polymers market is segmented:
1) By Type: Conductive Polymers, Inherently Conductive Polymers, Inherently Dissipative Polymers, Other Types
2) By Application: Batteries, Sensors, Capacitors, Actuators, Electrostatic Discharge Protection, Electromagnetic Interference Shielding, Other Applications
3) By Industry Vertical: Chemical And Petrochemical, Oil And Gas, Energy And Power, Automotive, Food And Beverages, Healthcare, Other Industry Verticals
Asia-Pacific was the largest region in the electroactive polymers market in 2022.
The table of contents in TBRC’s electroactive polymers market report includes:
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