According to the report “Conductive Polymers Market: By Type (Inherently Conductive Polymers, Dissipative Polymers, Others); By Material Type (Polyacetylene, Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Polycarbonate, Others); By Application (Automotive, Aerospace, Electronics & Electrical, Industrial, Healthcare, Others) & Geography- (2016-2021)” published by IndustryARC, estimates the market to reach $4.30 billion by 2021.
Inherently Conductive Polymers are electrically conductive and is increasingly used in optical displays, photovoltaic cells, lighting transistors and various other applications. These polymers are also called ‘synthetic metals’ that combine the electrical properties of metals along with mechanical properties of polymers such as flexibility. The discovery of highly conducting polyacetylene has led to a sudden surge in R&D activities that have further boosted the market. Moreover government initiatives along with rising demand of lightweight and inexpensive materials have helped to encourage the manufacturers to increase output
Increase in the usage of more and more sophisticated electrical equipment has tremendously boosted the market of conductive polymers across the globe but more prominently in USA.
The market of conductive polymers has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of regions. In 2016, Americas has proved to be the most prominent region with highest revenue generating market. The growth in Americas is majorly due to electrical and electronics sector requiring more of sophisticated and light weight devices. However APAC will witness the highest growth in the market with a high CAGR of 8.46%.
Sample Companies Profiled in this Report are:
- BASF SE
- Evonik Industries
- Polyone Corporation
- Celanese Corporation
The market scenario of conductive polymers is moderately fragmented with smaller players having equal opportunities to grow and survive. However among the key players, BASF is the most eminent player with more than 10% market share. The key companies have broader range of product portfolio catering to various sectors and domains at a global level. All in all the market of conductive polymers are growing and has drawn a salient interest of researchers for more than 30 years because of their unique properties which are in comparison to metals.
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