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Conductive Polymer Market Expected to Reach $7.4 Billionby 2026

 

Report Code : A06116

quote The global conductive polymermarket is heading towardtheexpansion phase. This is attributed tosignificant surge in demand and production of electric vehicles across the globe. Conductive polymers are used incomponents of electric vehicles such as capacitors, batteries, and sensors. Owing to stringent environmental policies laid by the governments of developed and developing economies and to reduce dependency on conventional fossil fuels, the demand for electric vehicles is expected to increase significantly, which,in turn, drives the growth of the conductive polymer market.In addition, surge in demand for antistatic coating to store, package, and transport items having electrostatic discharge (ESD) sensitivity and to protect the equipment from damage is anticipated to increase the demand for conductive polymer across the U.S. and Asia-Pacific. quote

Eswara Prasad
Manager, Chemical and Material at Allied Market Research

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According to a new report published by Allied Market Research, 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.

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quote Conductive Polymer Market by Type (Polyaniline (PANI), Polypyrrole (PPy), PolyphenyleneVinylenes(PPV), PEDOT, Polyacetylene, and Others) and Application (Anti-static Coatings, Photographic Film, Solar Cell, Display Screen, Polymer Capacitor, LED Lights, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

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