The demand for Conductive Polymers has been showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period
The recent study on the global conductive polymers market covers in-depth analysis of the market on the basis of type, application, and geography. The report also covers the country level analysis within the regions as well. The report titled, “Global Conductive Polymers Market – Forecasts from 2018 to 2023”, covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the global conductive polymers market by type (electrically conductive, thermally conductive), application (LED lighting, electrical supercapacitors, sensors, actuators, electrostatic discharge protection (ESD), others), and geography (North America, South America, Europe, Middle East and Africa, and Asia Pacific). Conductive polymers offer a unique combination of properties that make them attractive alternatives for traditional conducting materials in a number of applications. These polymers are fast gaining traction in the market owing to their rising use in some applications such as rechargeable batteries, sensors, electronics, etc. due to a wide range of electrical conductivity, that is achieved with various doping levels, provided by these polymers. Advancement in technology and continuous research and development in this field is driving the conductive polymer market growth. The market is expected to grow at a steady rate owing to their increased utilization in the electrical and electronics industry and burgeoning penetration in new areas such as LED lighting, OLED and electroluminescent displays.
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Electrically conductive polymers hold a significant share in the market.
Electrically conductive polymers hold a significant share in the market is owing to their utilization in various fields of electronics, optics, energy devices, actuators and composites due to their inherent high electrical conductivity.
Sensors are expected to grow at a good pace in the forecast period.
Conductive polymers are used for sensor applications as a signal transducer. Sensor application holds a significant share in the market is owing to the widespread use of conductive polymers for sensors in electronic noses that detect environmentally hazardous chemicals, and emissions in factories. Burgeoning demand for sensors in a variety of applications such as automotive, biomedical, etc. is driving the demand for conductive polymer-based sensors.
The Asia Pacific holds a significant share in the market and is expected to grow at a good rate in the forecast period.
The Asia Pacific conductive polymers market holds a significant share in the market is owing to the presence of a majority of the semiconductor and electronics industries in the countries such as South Korea, Taiwan, and China. Rapid urbanization is playing a crucial role in the rising demand for electronic products in the region. The market is expected to grow at a good CAGR owing to the burgeoning need for LCDs, electronic products such as smartphones, tablets, PCs, and others in the region.
Some of the major players discussed in the reports are Asbury Carbons, Agfa-Gevaert Group, SABIC, Henkel Corporation, RTP Company, and Eeonyx.
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