In 2017, the global conductive polymer market size was valued at USD 3.64 Billion. Due to increasing awareness towards protecting electronic devices medium from electromagnetic interference (EMI), electrostatic discharge (ESD), radio frequency interface (RFI), has resulted to expand the global conductive polymer market size. Moreover, accelerated manufacture of electrical vehicle have a positive impact in the market.
Growing importance of electronics devices with reduced sound levels because of tight laws obligatory to manage pollution is anticipated to lead patrons procuring semi conductive plastics as well as ABS and PPS in situ of typical metals and ceramics. Rising importance of ionic polymers in industry on account of providing supreme dimensional stability yet pretty much as good conducting characteristics is anticipated to stay a favorable issue. These materials are electro active in nature and used for providing characteristics including smart optical property, efficient mechanical flexibility and high thermal stability. ABS, polycarbonates (PC), polyphenylene rosin, nylon, synthetic resin terephthalate (PPS) and polyvinylidene chloride (PVC) are the majorly used product.
In 2022, the conductive polymer market was estimated to be worth USD 5.8 billion worldwide. It is projected to increase at a CAGR of 8% over the forecast period (2023–2031), reaching USD 11.6 billion by 2031.
.jpg "The Global Conductive Polymer Market 2021-2031 (USD Billion)")
Leading players of the global conductive polymer market include 3M, Solvay SA, KEMET, Celanese, Hyperion Catayst International, Heraeus, Covestro and SABIC. Heavy reliance on rock oil costs is anticipated to stay a difficult issue for manufacturers. Development in electronics sectors of China, Japan, and Asian country is projected to force industry participants to ascertain their production units within the neck of the woods.
Conductive Polymer Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 11.6 billion |
| Growth Rate | CAGR of 8 % during 2021-2031 |
| Segment Covered | Product, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | The Lubrizol Corporation, NanoMarkets LLC., The Dow Chemical Company, Crosslink, Heraeus, ITEK, Voltaic Coatings, AnCatt, Henkel Electronics, and CBI Polymers Inc. |
Key segments of the global conductive polymer market
Product Overview (USD Billion)
- ABS
- Polyphenylene-based Resins
- Polycarbonates
- Inherently Conductive Polymers (ICP)
- Nylon
- Others
Application Overview, (USD Billion)
- Actuators & Sensors
- Anti-Static Packaging
- Batteries
- Capacitors
- Solar energy
- Others
Regional Overview, (USD Billion)
- North America
- US
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Asia Pacific
- India
- China
- Japan
- South Korea
- South America
- Brazil
- Middle East & Africa
Frequently Asked Questions (FAQ) :
The market value of conductive polymer market in 2031 was USD 11.6 billion
The application of the conductive polymer market Product Components, Antistatic Packaging, Material Handling, Work-surface and Flooring, Others.
The top companies that hold the market share in conductive polymer market are The Lubrizol Corporation, NanoMarkets LLC., The Dow Chemical Company, Crosslink, Heraeus, ITEK, Voltaic Coatings, AnCatt, Henkel Electronics, and CBI Polymers Inc.
In July 2015, the govt. of India launched the “Digital India Campaign” aimed toward guaranteeing web property together with upscaling the assembly output in digital physical science on a domestic level. This initiative is predicted to play a prominent role in promoting the assembly of electronic digital merchandise together with smartphones, the online camera, and tablets that area unit seemingly to open new opportunities for the market over consequent eight years.
Growing awareness of light-weight materials within the automotive industry on account of skyrocketing awareness towards improvement in fuel economy is predicted to push the employment of ABS and PPS in wiring systems as conducting materials. Moreover, increasing defense expenditure by governments within the Middle East and North America is predicted to spice up the assembly output of military craft on a domestic level that is meant to push the usage of those materials over the forecast amount.
Increasing costs of raw materials together with propenonitrile, bisphenol A, gas associate degreed vinyl polymer in light-weight of reduced inventory levels is predicted to own an adverse impact on the market. Moreover, rising demand for piezoceramics in physical science is projected to create a reputable threat to the semi conductive polymers industry.
By product overview, the global conductive polymer market is categorized into ABS, Polyphenylene-based Resins, Polycarbonates, Inherently Conductive Polymers (ICP), Nylon, and others.
.png "Global Conductive Polymer Market, by Application 2015-2025 (USD Billion)")
Based on application, the others phase is projected to grow at a significant CAGR between 2017 and 2025. Other phase includes star cells, textiles, OLEDs, light-weight heat sinks, etc. Rising demand for biosensors in medical applications; increasing demand for biosensors in medical applications; light-weight heat sinks in microchips; OLEDs in lighting application; batteries; and star cells fuelling the conductive polymers market growth across the globe. Rising demand for chemistry actuators on account of being extremely compatible with subtle semiconductor devices is anticipated to extend the need for these materials.
Discussing the regional overview, the global conductive polymer is wide range to North America, US, Canada, Mexico, Europe, United Kingdom, Germany, France, Asia Pacific, India, China, Japan, South Korea, Latin America, Brazil, and Middle East & Africa.
In terms of volume, Asia Pacific is projected to witness the quickest growth of CAGR from 2017 to 2025. The rise of the automotive business in China and India as a results of new product launches by corporations along with Volkswagen coupled with regulative inclination to market investments in the sector is predicted to encourage the usage of semiconducting plastic materials in engine boxes and wire hose.
.png "Global Conductive Polymer Market, by Region 2015-2025 (USD Billion)")
North America releases a steady growth of the globe volume market share in 2015. The high adoption rate of electro active polymers in physical science, solar power, tending and automotive industries in lightweight of the vast potential of R&D infrastructure within the U.S. and North American country is predicted to own a positive impact.