A recent study by Triton Market Research titled ‘Global Conductive Polymers Market’ entails the Global Analysis and Forecasts by Type (Polyaniline (PANI), Polypyrrole (PPY), Poly(3,4-ethylenedioxythiophene) (PEDOT), Polyphenylene Vinylenes (PPV), Polyacetylene, Others), Application (Anti-Static Packaging & Coating, Display Screen, Polymer Capacitor, LED Lights, Photographic Film, Solar Cell, Others), and Geography (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America).
Conductive polymers primarily showcase electrical and optical properties similar to metals and inorganic semiconductors. These polymers are used for various applications, including LED lights, display screens, solar cells, and others.
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Triton’s research report denotes that the global conductive polymers market is assessed to advance at a CAGR of 12.50% in revenue during the years 2021-2028. It is likely to reap revenue worth $6454.12 million by 2028.
In recent years, there has been a significant rise in the use of solar power, encouraging researchers and manufacturers to seek new ways to enhance the efficiency of solar cells. Here, conductive polymer coatings are used to enhance the stability of solar cells. This indicates that the surge in solar power use directly influences the demand for conductive polymers. Other than this, the growing demand for electronic products and surge in demand for electric vehicles is driving the growth of the conductive polymers market globally.
However, the cost of raw materials such as polyethylene resins, butadiene, styrene, and propylene mainly depend on crude oil prices, resulting in fluctuations in the cost. Hence, the volatility in raw material prices, along with the high cost of production, restrict the conductive polymers market’s development.
The conductive polymers market is broadly segmented into type and applications. Based on type, the division is as per polyaniline (PANI), polypyrrole (PPY), poly(3,4-ethylenedioxythiophene) (PEDOT), polyphenylene vinylenes (PPV), polyacetylene, and others. In terms of application, it is branched into anti-static packaging & coating, display screen, polymer capacitor, LED lights, photographic film, solar cell, and others.
The Asia-Pacific is dominating in the conductive polymers market. In the region, South Korea is expected to witness growth in its electronic segments, owing to the presence of several leading manufacturing companies. These companies have increased spending to develop new smartphones, enhancing the demand for conductive polymers for application in display screens. Furthermore, there is a growing demand for lightweight materials in the automotive sector due to the increasing awareness about reducing greenhouse gas emissions. This will further increase the demand for conductive polymers, thereby widening the scope of the conductive polymers market across the country.
The 3M Company, Celanese Corporation, Kemet Corporation, Lehmann &Voss & Co, American Dyes Inc, Rieke Metals, Hyperion Catalysis International Inc, Agfa Gevaert NV, Sabic, Solvay SA, Heraeus Holding GmbH, The Lubrizol Corporation, ABTech Scientific, Covestro AG, and Merck KGAA are prominent companies in the conductive polymers market.
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Question & Answer: Conductive Polymers Market
Question 1: What factors are driving the growth of the conductive polymers market globally?
Answer: In recent years, there has been a significant rise in the use of solar power, encouraging researchers and manufacturers to seek new ways to enhance the efficiency of solar cells. Here, conductive polymer coatings are used to enhance the stability of solar cells. This indicates that the surge in solar power use directly influences the demand for conductive polymers. Other than this, the growing demand for electronic products and surge in demand for electric vehicles is driving the growth of the conductive polymers market globally.
Question 2: What factors restrict the conductive polymers market’s development?
Answer: The cost of raw materials such as polyethylene resins, butadiene, styrene, and propylene mainly depend on crude oil prices, resulting in fluctuations in the cost. Hence, the volatility in raw material prices, along with the high cost of production, restrict the conductive polymers market’s development.
Question 3: Which region is dominating in the conductive polymers market?
Answer: The Asia-Pacific is dominating in the conductive polymers market. In the region, South Korea is expected to witness growth in its electronic segments, owing to the presence of several leading manufacturing companies. These companies have increased spending to develop new smartphones, enhancing the demand for conductive polymers for application in display screens. Furthermore, there is a growing demand for lightweight materials in the automotive sector due to the increasing awareness about reducing greenhouse gas emissions. This will further increase the demand for conductive polymers, thereby widening the scope of the conductive polymers market across the country.
Question 4: Which are the prominent companies in the conductive polymers market?
Answer: The 3M Company, Celanese Corporation, Kemet Corporation, Lehmann &Voss & Co, American Dyes Inc, Rieke Metals, Hyperion Catalysis International Inc, Agfa Gevaert NV, Sabic, Solvay SA, Heraeus Holding GmbH, The Lubrizol Corporation, ABTech Scientific, Covestro AG, and Merck KGAA are prominent companies in the conductive polymers market.
Related Report:
The global battery market is estimated to progress at a CAGR of 6.91% during the period of 2019-2027, while garnering $132474.93 million in revenue by 2027.
Batteries are a term used for energy storage technologies that are widely used to stock energy in case of blackouts, shortages, or high-power demand. They contain one or more electrochemical cells that convert chemical energy into electrical energy.
The growing demand for energy storage systems, an increasing number of electric vehicles, and surging demand from the automobile sector are key factors motivating the growth of the battery market. Additionally, the growth in demand for rechargeable batteries in consumer products is opening new avenues for the studied market.
However, compliance with battery standards and lead-acid batteries affecting the environment are key factors negatively impacting the battery market’s development.
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