According to the latest report by IMARC Group, titled “Conductive Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global conductive polymers market size reached US$ 4.4 Billion in 2022. Conductive polymers, or intrinsically conducting polymers (ICPs), refer to electrically conductive organic materials that exhibit electrical and optical properties similar to metals and semiconductors. Obtained from the oxidization of monocyclic precursors polymers, they include polycarbonates, acrylonitrile butadiene styrene (ABS), nylon, and polyphenylene-polymer (PPP) resins as standard product types. The electrical conductivity of these materials is based on the presence of conjugated double bonds along with the backbone. Conductive polymers are cost-effective and demonstrate excellent mechanical flexibility, high specific capacitance, exceptional strength, and durability over carbon-based electrode materials. Additionally, conductive polymers offer superior porosity, ease of synthesis, and low equivalent series resistance (ESR); therefore, they are used in transmission cables, wiring, batteries, capacitors, and others. Consequently, they are employed in place of semi-metals and metals in applications requiring a high amount of energy.
Global Conductive Polymers Market Trends:
The widespread adoption of conductive polymers in the healthcare sector to fabricate artificial muscles, tissue regeneration, biosensors, and drug-controlled-release agents is primarily driving the market growth. This can be further attributed to the extensive product usage in bone repair, wound healing, and spinal cord regeneration. Moreover, the increasing need for consumer electronic devices, including smartphones and laptops, has facilitated the demand for conductive polymers in batteries, capacitors, and anti-static insulating materials, which is favoring the market growth. Additionally, the growing awareness regarding the multiple benefits of conductive polymers, including dimensional stability, chemical resistance, and thermal characteristics, is propelling the market growth. Furthermore, the escalating environmental concerns and the implementation of stringent green policies by governments to promote the uptake of renewable energy resources are intensifying the usage of conductive polymers in solar cells due to high charge transfer, which, in turn, is impelling the market growth. Apart from this, the integration of virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) technologies and continuous research and development (R&D) activities to enhance product efficacy are positively impacting the market growth. Looking forward, the market value is projected to reach US$ 6.9 Billion by 2028, expanding at a CAGR of 7.8% during 2023-2028.
- Based on the product, the market has been segregated into acrylonitrile-butadiene-styrene (ABS), polycarbonates, polyphenylene-polymer (PPP) based resins, nylon, inherently conductive polymers (ICP), and others. Among these, ABS represents the largest segment.
- On the basis of the application, the market has been divided into capacitors, anti-static packaging, batteries, actuators and sensors, solar energy, and others. At present, anti-static packaging holds the majority of the market share.
- On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Currently, Asia Pacific exhibits a clear dominance in the market.
- The competitive landscape of the market has also been examined, with some 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.
|Base Year of the Analysis
||Product, Application, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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