The global conductive polymer market was valued at $4.1 billion in 2015, and it is expected to grow at a CAGR of 10.7% during 2016 - 2022. The major factors driving the growth of the market include the growing demand for lightweight, high performance and flexible products. The rapid evolution in technologies, such as carbon nanotubes, stimulants miniaturization, dimensional stability and others tend to drive the growth of the market during the forecast period.
Furthermore, the various applications of conductive polymers include manufacturing of printed circuit boards, light emitting diode based (LED), biomimetic technology are expected to create significant growth opportunities in the global market. Asia-Pacific was the fastest growing region in the global conductive polymer market in 2015. The growth in the region is attributed to the growing economies and increasing demand for batteries and sensors for automotive industry.
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Among the various applications, the batteries segment is expected to witness the fastest growth at a CAGR of 12.7%. North America was the largest market for conductive polymer, and accounted for over 64% market share in the global market in 2015. The emerging technologies for use of smart material and its wide application in the industries such as robotics, automotive, optics, medical and others are the key factors propelling the growth of the market in North America.
Based on application, the global conductive polymer market has been segmented into Antistatic Packaging, Electrostatic Discharge (ESD) & Electromagnetic Interference (EMI) Protection, Capacitors, Actuators, Sensor, Batteries, Solar Cells and Others. The ESD & EMI segment held the largest share in the global conductive polymer market in 2015. The major factors driving the growth of the ESD & EMI segment is the increasing application in electronics market.
In 2015, Europe held the second largest share in the global conductive polymer market with 19.6% share, in terms of volume consumption. The growing application of conductive polymer in shape shifting electronics, molecular electronics and automotive sector are promoting the adoption of conductive polymer in the region. The growing technological advancements, along with increasing need for advanced material in developing regions such as Asia-Pacific and Latin America are projected to boost the demand of conductive polymer products.
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The information and data in the publication “Global Conductive Polymer Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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