PUNE, India, September 18, 2015 /PRNewswire/ --
The report "Electroactive Polymers Market by Type (Conductive Plastics, Inherently Conductive Polymers and Inherently Dissipative Polymers), by Application (Actuators, Antistatic Packaging, Capacitors, and Sensors) - Trends & Forecasts to 2020", published by MarketsandMarkets, The global Electroactive Market is projected to reach USD 4.4 Billion by 2020, signifying firm annualized growth of 7% between 2015 and 2020.
Browse 168 Tables and 83 Figures spread through 253 Pages and in-depth TOC on "Electroactive Polymers Market"
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The market report defines and segments the global electroactive polymers market with analysis and forecast of the market size.
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Electroactive polymers or EAPs, can change their size or shape when stimulated by an external electrical activation mechanism. They are also capable of producing electrical energy in response to a mechanical energy. The global electroactive market is projected to reach USD 4.4 Billion by 2020, signifying firm annualized growth of 7% between 2015 and 2020.
North America - The biggest market for electroactive polymers
North America dominates the global electroactive polymers market. The North American electroactive polymers market is expected to register a significant growth as there is uninterrupted demand from the electronics (actuators & sensors), EMI shielding, textile & fabrics, automotive, and medical sector. Accounting for 63.9% of the global market, North America is the biggest market for electroactive polymers. Intensive R&D activities in universities and institutional labs in North America and early product commercialization made North America the dominant market of electroactive polymers in 2014.
The U.S. contributes about 84.9% of the overall market in this region, in 2014. EAP applications such as electromagnetic interference, protection against electrostatic discharge, and antistatic packaging are majorly evolved and adopted in the electronic industry. Thus, with the increasing demand for electronic products, EAP applications are also expected to mark great progress.
Conductive Plastics - The fastest-growing EAPs in various applications
Conductive plastics are the largest electroactive polymers type in the global electroactive polymers market. Europe and North America are currently the largest consumers of conductive plastics and accounted for 69.4% of the total market size in 2014. Conductive plastics offer high conductivity and are available at lower costs due to the elimination of secondary processes. In addition to this, conductive plastics are as easily moldable as normal plastics while maintaining high conductivity. The major applications of conductive plastics are antistatic packaging, ESD protection, electrostatic coatings, and EMI/RFI shielding.
Electrostatic Discharge (ESD) Protection - The major application for electroactive polymers
The major application of electroactive polymers is electrostatic discharge protection. This application is expected to dominate the global electroactive polymers market. Electrostatic discharge application accounts for 30.2% of the total electroactive polymers market. In North America, the electrostatic discharge application occupies the highest share of 31.1% in the overall electroactive polymers market in the region. The U.S. is the most dominant region in electrostatic discharge application, followed by Canada, and Mexico. Some of the fast-growing markets of electroactive polymers in the electrostatic discharge application are Germany, the U.K., Japan, and China.
The U.S. and China are at the forefront of electroactive polymers consumption, while Canada, Mexico, Japan, and the U.K., and are other key markets for electroactive polymers. Japan is the key market in Asia-Pacific, consuming more than half of the overall demand for electroactive polymers of the region. Japan is followed by China, and India, where consumption is growing at a steady rate. This growth is mainly attributed to the rapid industrialization increasing technological advancement currently taking place in the region.
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