Increasing adoption of sensor networks, wireless sensors, IoT-powered devices resulting in high demand for electroactive polymer is a key factor driving market revenue growth.
Market Size - USD 4,475.5 Million in 2020, Market Growth - CAGR of 7.3%, Market Trends -Increasing number of product applications such as in biomimetic appliances
The global electroactive polymer market size is expected to reach USD 1,340.3 Million in 2028, and register a CAGR of 7.3% during the forecast period. Rising preference for smart fabrics, coupled with rising awareness regarding features of electroactive polymers such as low cost, easy synthesis process, lightweight, and flexibility are major factors expected to drive market growth.
Electroactive polymers are potential materials for application in bio-medical field as these have ability to deliver drugs at precise targets and in required quantities, which is expected to support market growth.
Easy availability of substitutes at lower costs is a major factor that could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the publisher has segmented the global electroactive polymer market on the basis of product type, activation mode, application, and region:
Product Type Outlook
Activation Mode Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 4,475.5 Million in 2020, Market Growth - CAGR of 7.3%, Market Trends -Increasing number of product applications such as in biomimetic appliances
The global electroactive polymer market size is expected to reach USD 1,340.3 Million in 2028, and register a CAGR of 7.3% during the forecast period. Rising preference for smart fabrics, coupled with rising awareness regarding features of electroactive polymers such as low cost, easy synthesis process, lightweight, and flexibility are major factors expected to drive market growth.
Electroactive polymers are potential materials for application in bio-medical field as these have ability to deliver drugs at precise targets and in required quantities, which is expected to support market growth.
Easy availability of substitutes at lower costs is a major factor that could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the product type segments, the conductive polymers segment accounted for the largest revenue share in the global market in 2020. The inherently conductive polymers segment accounted for the second-largest revenue share in the global market in 2020, and is expected to register the highest revenue growth rate during the forecast period.
- Among the activation mode segments, the ionic electroactive polymer segment is expected to register the highest revenue growth rate during the forecast period.
- Among the application segments, the antistatic packaging accounted for the second-largest revenue share in the global market in 2020.
- North America market accounted for the largest revenue share in the global market in 2020, followed by the Europe market.
- The Asia Pacific market is expected to register the highest revenue growth rate during the forecast period. This can be attributed to strong presence of various major electroactive polymer manufacturers and growing demand for the product in electronic applications in the region.
- Companies profiled in the market report include 3M, Parker Hannifin, Polyone, Solvay, Merck, Lubrizol, AGFA-Gevaert, Novasentis, Premix, and Heraeus. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the publisher has segmented the global electroactive polymer market on the basis of product type, activation mode, application, and region:
Product Type Outlook
- Conductive Polymer
- Inherently Conductive Polymer
- Inherently Dissipative Polymer
- Others
Activation Mode Outlook
- Electronic Electroactive Polymer
- Ionic Electroactive Polymer
Application Outlook
- Actuators
- Sensors
- Antistatic Packaging
- Electrostatic Discharge (ESD) Protection
- Electromagnetic Interference (EMI) Shielding
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Electroactive Polymer Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Electroactive Polymer Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Electroactive Polymer Segmentation & Impact Analysis
Chapter 5. Electroactive Polymer Market By Product Type Insights & Trends
Chapter 6. Electroactive Polymer Market By Activation Mode Insights & Trends
Chapter 7. Electroactive Polymer Market By Application Insights & Trends
Chapter 8. Electroactive Polymer Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- 3M
- Parker Hannifin
- Polyone
- Solvay
- Merck
- Lubrizol
- AGFA-Gevaert
- Novasentis
- Premix
- Heraeus
