The study titled “Global Conductive Polymer Market “is launched by Adroit Market Research in December 2018. The global conductive polymer market is segmented by Types (Acrylonitrile butadiene styrene (ABS), Polyphenylene-based resins, Polycarbonates, Inherently Conductive polymers, Nylon and Other) by Application (Actuators & Sensors, Anti- Static Packaging, Batteries, Capacitors, Solar Energy and Other) by Region ( North America, Europe, Asia Pacific, Latin America and Middle East & Africa) and Forecast 2018 to 2025. Where 2015 to 2017 imply the historical value with forecast between 2018 and 2025. The global conductive polymer market report also includes qualitative insights of the market such as drivers and restraints, value chain and PESTLE analysis
The global conductive polymer market is projected to reach USD 7.06 billion in 2025, growing at an ascending growth rate over the forecast period. The affluence of processability and inexpensive raw material, rising demand for an effective performance product, chemical resistance, and dimensional stability are some of the primary factors to drive the global conductive polymer market. However, higher processing time and production cost may restrict the market growth in the forecast period.
Modernization and rise in disposable income have tremendously increased the demand for polymer products, which in turn is projected to accelerate numerous growth opportunities for the market in the upcoming years.
Increasing demand from the lithium-ion battery is expected to drive the demand for conductive polymer market in the coming future. The use of for lithium-ion is increasing due to rise in demand from batteries to power portable consumer electronics and electric vehicles. For instance, in 2017, Tesla a manufacturer of the electric vehicle has tied up with Panasonic for mass manufacture of lithium-ion battery cells, which would be used in Tesla energy storage product.
Swift increase in automobile manufacturer across the globe has risen the demand for conductive polymer market. Material properties such as impact resistance and lightweight have reduced the vehicle weight by 50 percent. This enabled automobiles fuel efficient and reduction in C02 emissions without compromising the safety, strength, and style of the car.
The rapid rise in the demand for 3D printing has opened new opportunities for polymer and its derivatives products. Further, this has extended the company’s product portfolio and their investment on R&D. For instance, in May 2018, Polymaker and Covestro together launched a website 3dprinting.com. The website is designed to help the customers to learn the use of polycarbonate in 3D printing in automotive and airplane. It also highlights the current case studies and polycarbonate applications where users can gain deep insights into it.
The global conductive polymer market volume is dominated by ABS type which occupied 34.7% share in 2017. However, in forecast period, polyphenylene product type is projected to grow at a faster pace as compared to other conductive polymer product types. Polyphenylene material holds the outstanding chemical resistance, along with thermal and mechanical properties. With these properties, polyphenylene is widely used in automotive, aerospace, electronics and chemical industries.
Moreover, chemical companies are following the latest trends and developing products which enable them to survive and give competition to competitors in the market. In September 2017, SABIC introduced new LEXAN polycarbonate LED automotive lighting. The new offerings have enhanced the aesthetic appeal of headlight bezels.
The competitive landscape of the global conductive polymer market is fragmented as of 2017. The market is incorporated of many global and regional players such as Sterling Fibers, Agfa-Gevaert N.V., SABIC, Bayer Material Science, Milliken & Company, Ormecon GmbH, Geo-Tech Polymers, RTP Company, Celanese Corporation, and Solvay.
Key segments of the global conductive polymer market
Product Overview, 2015-2025 (USD million) (Kilo tons)
- Polyphenylene-Based Resins
- Inherently Conductive Polymers (ICP)
Application Overview, 2015-2025 (USD million) (Kilo tons)
- Actuators & Sensors
- Anti-Static Packaging
- Solar energy
Regional Overview, 2015-2025 (USD million) (Kilo tons)
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa