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Electroactive Polymers (EAPs): Global Strategic Business Report

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    Report

  • 207 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 450619

Global Electroactive Polymers (EAPs) Market to Reach $9.4 Billion by 2030

The global market for Electroactive Polymers (EAPs) estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$9.4 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Conductive Plastics, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$4.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Inherently Conductive Polymers segment is readjusted to a revised 6.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 5.4% CAGR

The Electroactive Polymers (EAPs) market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 69 Featured) -

  • Agfa-Gevaert N.V.
  • BASF SE
  • Cabot Corporation
  • Celanese Corporation
  • Heraeus Deutschland GmbH & Co. KG
  • Hyperion Catalysis International
  • KEMET Corporation
  • MacDermid Performance Solutions
  • Parker Hannifin Corporation
  • PolyOne Corporation
  • Premix OY
  • Rieke Metals Inc.
  • RTP Company
  • Solvay SA
  • The Lubrizol Corporation

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Electroactive Polymers (EAPs)

What is the estimated value of the Global Market for Electroactive Polymers (EAPs)?

The Global Market for Electroactive Polymers (EAPs) was estimated to be valued at $4.9 Billion in 2020.

What is the growth rate of the Global Market for Electroactive Polymers (EAPs)?

The growth rate of the Global Market for Electroactive Polymers (EAPs) is 6.5%, with an estimated value of $7.6 Billion by 2027.

What is the forecasted size of the Global Market for Electroactive Polymers (EAPs)?

The Global Market for Electroactive Polymers (EAPs) is estimated to be worth $7.6 Billion by 2027.

Who are the key companies in the Global Market for Electroactive Polymers (EAPs)?

Key companies in the Global Market for Electroactive Polymers (EAPs) include Agfa, Gevaert N.V., BASF SE, Cabot Corporation, Celanese Corporation, Heraeus Deutschland GmbH & Co. KG, Hyperion Catalysis International, KEMET Corporation, MacDermid Performance Solutions and Parker Hannifin Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • The Era of Intelligent Materials Throws the Commercial Spotlight on Electroactive Polymers
  • Recent Market Activity
  • Why Electroactive Polymers (EAPs) are an Exciting Field of Electrochemistry?
  • Increasing Usage in Myriad Applications Signals Promising Growth for EAPs
  • Dielectric Elastomers: The Most Popular EAP Material for Actuators & Electromechanical Transducers
  • Market Outlook
  • The US Electroactive Polymers Market: Largest in the World
  • Asia-Pacific: The Focal Point for Future Growth
  • Conductive Plastics Lead the Way in the EAPs Market
  • Intrinsically Conductive Polymers (ICPs): The Fastest Growing EAP Material
  • Competition
  • Electroactive Polymers (EAPs) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Agfa-Gevaert N.V. (Belgium)
  • BASF SE (Germany)
  • Cabot Corporation (USA)
  • Celanese Corporation (USA)
  • Heraeus Deutschland GmbH & Co. KG (Germany)
  • Hyperion Catalysis International (USA)
  • KEMET Corporation (USA)
  • MacDermid Performance Solutions (USA)
  • Parker Hannifin Corporation (USA)
  • PolyOne Corporation (USA)
  • Premix OY (Finland)
  • Rieke Metals Inc. (USA)
  • RTP Company (USA)
  • Solvay SA (Belgium)
  • The Lubrizol Corporation (USA)
3. MARKET TRENDS & DRIVERS
  • Focus on Sustainable Development of Intelligent Materials Spurs Growth in the Current Post Recession Period
  • Demand for Shape-Shifting Electronics Unveils Opportunities for Intelligent Polymers & Drives the Commercial Value of EAPs
  • Evolving Applications in Molecular Electronics to Fuel Long-Term Growth in the Market
  • Growing Use in Printed Electronics, E-Textiles & Electronic Wearables to Spur Growth of EAPs
  • Sensors, Sensing & Actuator Applications The Trinity of Fastest Growing End-Use Markets
  • Emerging Era of Ubiquitous Intelligent Sensing Spurs Opportunities for New Sensor Materials
  • Growing Focus on Industrial Automation & Motion Control Fuels Demand for EAP Based Actuators
  • Growing Trend Towards Robot Lightweighting & Development of Soft Robots to Spur Interest in EAPs
  • Surging Interest in Biomimetics & Biomedicine Spurs R&D Focus on EAPs as Biomimetic Materials
  • Focus on Smart Biomaterials to Fuel Long-Term Opportunities for Biocompatible Conducting Polymers in the Healthcare Sector
  • Use of Electroactive Polymers for Electronics Protection
  • Proliferation of Electronic Devices Drives the Need for Electromagnetic Interference (EMI) Shielding
  • EAPs as Electrostatic Discharge (ESD) Protection Materials
  • Growing Focus on Environmental Conservation Throws the Focus on EAPs for Energy Harvesting
  • Novel Bottlebrush EAP Makes Feasible the Application of Dielectric Elastomers in Devices
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Electroactive Polymers (EAPs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Electroactive Polymers (EAPs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Electroactive Polymers (EAPs) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Conductive Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Conductive Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Conductive Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Inherently Conductive Polymers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Inherently Conductive Polymers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Inherently Conductive Polymers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Inherently Dissipative Polymers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Inherently Dissipative Polymers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Inherently Dissipative Polymers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Electrostatic Discharge Protection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Electrostatic Discharge Protection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Electrostatic Discharge Protection by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Electromagnetic Interference Shielding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Electromagnetic Interference Shielding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Electromagnetic Interference Shielding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Actuators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Capacitors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Capacitors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Capacitors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 34: World Electroactive Polymers (EAPs) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Electroactive Polymers (EAPs) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Agfa-Gevaert N.V.
  • BASF SE
  • Cabot Corporation
  • Celanese Corporation
  • Heraeus Deutschland GmbH & Co. KG
  • Hyperion Catalysis International
  • KEMET Corporation
  • MacDermid Performance Solutions
  • Parker Hannifin Corporation
  • PolyOne Corporation
  • Premix OY
  • Rieke Metals Inc.
  • RTP Company
  • Solvay SA
  • The Lubrizol Corporation