The global conductive polymer market was valued at $3.9 billion in 2018, and is projected to reach $7.4 billion by 2026, growing at a CAGR of 8.1% from 2019 to 2026.
Conductive polymers are pliable, lightweight, and inexpensive plastics that conduct electricity. They are known to protrude, shrink, and bend when stimulated by electricity. Conductive polymers are further classified into polyaniline (PANI), polypyrrole (PPy), polyphenylene vinylenes (PPV), PEDOT, polyacetylene, and others. They find extensive application in antistatic packaging, capacitors, textiles & fabrics, batteries, sensors, actuators, solar cells, and organic transistors.
Increase in demand for lightweight, high-performance, and inexpensive products is driving the growth of the growth of the global conductive polymers market. Furthermore, their physical properties such as dimensional stability, flexibility, chemical resistance, and strength have surged their demand in the global market. The photovoltaic industry is expected to serve as a lucrative market for conductive polymers, as conductive polymer is an effective alternative to silicon.
Conductive polymers find their application in chip packaging, display materials, plastic transistors, sensor, and ultra-capacitors in the photovoltaic industry include. Furthermore, they are used in the production of actuators & sensors and production of light-emitting diode-based (LED) backlights & displays. LEDs are popular for their low operating voltages and non-expensive production processes. Hence, increase in demand for energy-efficient lighting systems is expected to fuel the need for conductive polymers. Moreover, these polymers are used in backlight displays of cell phones and television screens as a thin conducting layer between two electrodes, which boosts the growth of the global market. In addition, upsurge in disposable income of individuals and rise in standard of living across the emerging economies such as India and China have propelled the demand for consumer electronics, which, in turn, is expected to augment the need for conductive polymers, thereby boosting the growth of global market.
However, high cost of production of conductive polymers hinders the growth of the market. On the contrary, surge in electric mobility is expected to create growth opportunity for market expansion, as conductive polymer is widely used in automobile and EV components such as capacitors, batteries, and sensors. In addition, increase in demand for electric vehicles from both developed and developing nations to curb pollution and to reduce the dependency on conventional fuel usage are expected to offer remunerative opportunities for market growth in the near future.
The global conductive polymer market is segmented into type, application, and region. On the basis of type, the market is categorized into polyaniline (PANI), polypyrrole (PPY), polyphenylene vinylenes (PPV), PEDOT, polyacetylene, and others. The applications covered in the study comprise anti-static coatings, photographic film, solar cell, display screen, capacitors, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are SABIC, Agfa Gevaert, Celanese Corporation, Merck KGAA, Heraeus Group, Solvay, Kemet Corporation, Abtech Scientific, American Dyes Inc., and Rieke Metals.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Application
By Region
Conductive polymers are pliable, lightweight, and inexpensive plastics that conduct electricity. They are known to protrude, shrink, and bend when stimulated by electricity. Conductive polymers are further classified into polyaniline (PANI), polypyrrole (PPy), polyphenylene vinylenes (PPV), PEDOT, polyacetylene, and others. They find extensive application in antistatic packaging, capacitors, textiles & fabrics, batteries, sensors, actuators, solar cells, and organic transistors.
Increase in demand for lightweight, high-performance, and inexpensive products is driving the growth of the growth of the global conductive polymers market. Furthermore, their physical properties such as dimensional stability, flexibility, chemical resistance, and strength have surged their demand in the global market. The photovoltaic industry is expected to serve as a lucrative market for conductive polymers, as conductive polymer is an effective alternative to silicon.
Conductive polymers find their application in chip packaging, display materials, plastic transistors, sensor, and ultra-capacitors in the photovoltaic industry include. Furthermore, they are used in the production of actuators & sensors and production of light-emitting diode-based (LED) backlights & displays. LEDs are popular for their low operating voltages and non-expensive production processes. Hence, increase in demand for energy-efficient lighting systems is expected to fuel the need for conductive polymers. Moreover, these polymers are used in backlight displays of cell phones and television screens as a thin conducting layer between two electrodes, which boosts the growth of the global market. In addition, upsurge in disposable income of individuals and rise in standard of living across the emerging economies such as India and China have propelled the demand for consumer electronics, which, in turn, is expected to augment the need for conductive polymers, thereby boosting the growth of global market.
However, high cost of production of conductive polymers hinders the growth of the market. On the contrary, surge in electric mobility is expected to create growth opportunity for market expansion, as conductive polymer is widely used in automobile and EV components such as capacitors, batteries, and sensors. In addition, increase in demand for electric vehicles from both developed and developing nations to curb pollution and to reduce the dependency on conventional fuel usage are expected to offer remunerative opportunities for market growth in the near future.
The global conductive polymer market is segmented into type, application, and region. On the basis of type, the market is categorized into polyaniline (PANI), polypyrrole (PPY), polyphenylene vinylenes (PPV), PEDOT, polyacetylene, and others. The applications covered in the study comprise anti-static coatings, photographic film, solar cell, display screen, capacitors, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are SABIC, Agfa Gevaert, Celanese Corporation, Merck KGAA, Heraeus Group, Solvay, Kemet Corporation, Abtech Scientific, American Dyes Inc., and Rieke Metals.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
- Polyaniline (PANI)
- Polypyrrole (PPy)
- Polyphenylene vinylenes (PPV)
- PEDOT
- Polyacetylene
- Others
By Application
- Anti-static packaging & coatings
- Photographic Film
- Solar Cell
- Display Screen
- Polymer Capacitor
- LED Lights
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Conductive Polymer Market, by Type
Chapter 5: Conductive Polymer Market, by Application
Chapter 6: Conductive Polymer Market, by Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Conductive Polymer Market By Type and By Application: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global conductive polymer market was valued at $3.9 billion in 2018, and is projected to reach $7.4 billion by 2026, growing at a CAGR of 8.1% from 2019 to 2026. Conductive polymers are a class of organic polymers having electrical and optical properties similar to that of metals and inorganic semiconductors. Such compounds have metallic conductivity. The advantage of conductive polymers is their processability, majorly by dispersion. They are widely used in organic solar cells, printing electronic circuits, organic light-emitting diodes, actuators, electrochromism, supercapacitors, chemical sensors & biosensors flexible transparent displays, and electromagnetic shielding.Increase in demand for anti-static packaging is expected to drive the growth of conductive polymer market during the forecast period. Anti-static packaging is used in a variety of industries to store, package, and transport items having ESD sensitivity, with an objective to protect the equipment from damage. In addition, conductive polymer can be used in certain applications where they can replace semi-metals & metals, where high amount of energy is required in fabrication and processing. Increase in application of product in portable electronic devices and rise in demand for these devices across the globe are expected to drive the growth of the conducting polymers market. Furthermore, owing to surge in usage of solar power, researchers and manufacturers are seeking for ways to increase the efficiency of solar cells. Conducting polymer coating are used to increase the stability and efficiency of solar cells. Moreover, it has enabled the design of lightweight, efficient, and compact electronic components. Owing to increase in focus on environmental sustainability and decrease in costs of energy generation are expected to accelerate the adoption of renewable energy in the future, and is expected to drive the growth of the market. However, high cost of production including manufacturing processes and raw materials is anticipated to hinder the market growth during the forecasted period. On the contrary, surge in demand for electric vehicle across the globe due to implementation of stringent government environmental regulation to reduce the air pollution and the dependency on the conventional fuels are anticipated to provide growth opportunities for conductive polymer market in the future. Moreover, conductive polymers are widely used in EV components such as capacitors, batteries, and sensors, which fuel their demand, thereby boosting the growth of the market.
On the basis of type, the global conductive polymer market size is segmented into polyaniline (PANI), polypyrrole (PPy), polyphenylenevinylenes (PPV), PEDOT, polyacetylene, and others. Polyaniline (PANI) is expected to garner higher market share during the forecast period, owing to its usage in manufacturing of anti-static coatings used in packaging, storing, transporting, and protecting the equipment having ESD sensitivity.
Depending on application, the conductive polymer market is segmented into anti-static coatings, photographic film, solar cell, display screen, capacitors, and others. The anti-static coatings segment is expected to garner higher market share during the forecast period, owing to rise in demand for packaging, store, and transport of electronic display products. Surge in demand and production of ESD-sensitive equipment is anticipated to boost the need for conductive polymer across North America.
Region wise, the conductive polymer market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to garner the highest market share during the forecast period due to growth in electronic, photovoltaic, and automotive industries across the emerging economies such as India and China.
Key Findings Of The Study
The Europe conductive polymer market is projected to grow at a highest CAGR of nearly 8.8%, in terms of revenue, during the forecast period.
By type, the polyaniline segment is anticipated to witness moderate growth rate of 22.1%, in terms of revenue, during the forecast period.
Asia-Pacific dominated the conductive polymer market with a revenue share of over 31.5% in 2018.
On the basis of application, the anti-static packaging & coatings segment is anticipated to witness moderate growth rate of 22.0%, in terms of revenue, during the forecast period.
The key players operating in the global conductive polymer industry include SABIC, Agfa Gevaert, Celanese Corporation, Merck KGAA, Heraeus Group, Solvay, Kemet Corporation, Abtech Scientific, American Dyes Inc., and Rieke Metals.
Companies Mentioned
- SABIC
- Agfa Gevaert
- Celanese Corporation
- Merck KGAA
- Heraeus Group
- Solvay
- Kemet Corporation
- Abtech Scientific
- American Dyes Inc.
- Rieke Metals
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | April 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 3.9 billion |
| Forecasted Market Value ( USD | $ 7.4 billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
