HYDERABAD, India and WILMINGTON, Delaware, August 28, 2017 /PRNewswire/ --
The report "Conductive Polymers Market: By Type (Inherently Conductive Polymers, Dissipative Polymers and others); By Material Type (Polyacetylene, Acrylonitrile Butadiene Styrene (ABS), Polycarbonate and Others); By Geography - Forecast (2017 - 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 termed as 'synthetic metals' that combine the electrical properties of metals along with mechanical properties of polymers such as flexibility. The discovery of highly conductive polyacetylene has led to a sudden surge in R&D activities that have further boosted the market. Improved quality of raw materials needed to manufacture conductive polymers such as resins, additives and processing technologies will help in broadening the applications of conductive polymers in our day to day life.
Moreover rising demand of lightweight and inexpensive electronic materials have helped the manufacturers to increase the production of conductive polymers across the globe. Also, increasing demand of automobiles in Europe have boosted the growth of conductive polymers wherein they are used for cars minor parts and non-moving components helping the manufacturers as well as customers with their lightweight nature. Usage of conductive polymers in some specific but important healthcare applications such as bio-actuators, tissue-engineering applications and monitored application of drug via bio-sensor is proving quite beneficial not only for the market growth but also for the healthcare industry.
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Increase in the usage of 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 attributed to electrical and electronics sector demand for more sophisticated and light weight devices. However, APAC will witness the highest growth in the market with a high CAGR of 8.46%. Also, APAC region will foresee a high growth owing to increased usage of electric vehicles and portable electronics and also because of many big companies such as Nissan, Volkswagen and many more that have widely accepted the implementation of conductive polymers.
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The Prominent Players in this Market Include
- 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 than10% market share in this market. On similar lines, BASF has successfully collaborated with Integral Technologies to produce conductive thermoplastics for the North American market. Companies in this market are focusing on broader range of product portfolio catering to various sectors and domains at a global level. In the recent years, various companies have successfully reduced their operating expense owing to technological improvement and skilled man power. All in all, the market of conductive polymers is growing and has drawn a salient interest of researchers for more than 30 years because of their impeccable properties portraying unique nature of both metals as well as polymers.
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