The global conductive polymers market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.
Conductive polymers (CPs) are a specific group of organic materials that exhibit electrical and optical properties of both metals and semiconductors. They offer numerous advantages over carbon-based electrode materials, including low cost, high porosity, ease of synthesis, and low equivalent series resistance (ESR). CP electrodes deliver incredible potential energy, power density, and high specific capacitance due to their excellent intrinsic conductivity. Besides this, they are added at small concentrations to improve the resistance of marine paints against corrosion.
Conductive Polymers Market Trends:
As CPs are environmental-friendly, they are widely used as an alternative to metallic interfaces in the production of biomedical devices, such as sensors and tissue scaffolds, and artificial muscles and drugs controlled-release agents. The rising demand for these devices and other medical supplies for clinical diagnosis and surgical interventions on account of the growing prevalence of chronic diseases represents one of the key factors bolstering the market growth. They are also integrated on a textile surface via plating, printing, coating, and other surface techniques to manufacture smart and interactive textiles. Apart from this, with the emergence of nanoscience, CPs are gaining traction in transparent solar cells. This, along with the rising sales of solar panels across the globe, is contributing to the market growth. Furthermore, the growing trend of miniaturized electronic devices like integrated circuits (ICs) and rechargeable batteries is also positively influencing the market. Additionally, CPs are being used for developing inexpensive, flexible organic electronics. This, in confluence with the escalating demand for consumer goods in the residential sector due to changing lifestyles and inflating income levels, is anticipated to drive the market in the coming years.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global conductive polymers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Acrylonitrile-butadiene-styrene (ABS)
Polycarbonates
Polyphenylene-polymer (PPP) based Resins
Nylon
Inherently Conductive Polymers (ICP)
Others
Breakup by Application:
Capacitors
Anti-static Packaging
Batteries
Actuators and Sensors
Solar Energy
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Agfa-Gevaert N.V, Avient Corporation, Celanese Corporation, Heraeus Holding, KEMET Corporation, Parker Hannifin Corp., SABIC, Solvay and The Lubrizol Corporation.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Product, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report
The global conductive polymers market was valued at US$ 4.4 Billion in 2022.
We expect the global conductive polymers market to exhibit a CAGR of 7.8% during 2023-2028.
The rising demand for conductive polymers as an alternative to metallic interfaces for producing biomedical devices, including sensors and tissue scaffolds, and artificial muscles and drugs controlled-release agents is primarily driving the global conductive polymers market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for conductive polymers.
Based on the product, the global conductive polymers market has been segregated into Acrylonitrile-Butadiene-Styrene (ABS), polycarbonates, Polyphenylene-polymer (PPP) based resins, nylon, Inherently Conductive Polymers (ICP), and others. Among these, Acrylonitrile-Butadiene-Styrene (ABS) currently holds the largest market share.
Based on the application, the global conductive polymers market can be bifurcated into capacitors, anti-static packaging, batteries, actuators and sensors, solar energy, and others. Currently, anti-static packaging exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global conductive polymers market include 3M Company, Agfa-Gevaert N.V, Avient Corporation, Celanese Corporation, Heraeus Holding, KEMET Corporation, Parker Hannifin Corp., SABIC, Solvay, and The Lubrizol Corporation.
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