Global Conductive Polymers Market to exceed $6.75 Bn by 2020

Conductive Polymers MarketConductive Polymers Market

Zion Market Research has published a new report titled “Conductive Polymers (Inherently Conductive Polymers (ICPs), Polyaniline, Polyphenylene-based Resins, Polycarbonate, and Others)Market for Antistatic Packaging, ESD & EMI protection, Capacitors, Batteries, Sensors, Actuators, Solar Cells, and Organic transistors Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020” According to the report, the global conductive polymers market was valued at approximately USD 3.1 billion in 2014 and is expected to reach approximate USD 6.75 billion by 2020, growing at a CAGR of around 8% between 2015 and 2020. In terms of volume, global conductive polymers market stood at 236.9 kilotons in 2014.

Conductive polymers are a class of unique polymers which possess electronic conductivity similar to those of metals and inorganic semiconductors. These conductive polymers can be synthesized by chemical oxidation and by electrochemical polymerization depending upon the reagent. The properties that make conductive polymers attractive include electrical conductivity, high-performance, and capacity to exchange ions, the capability to store charge and absorb electromagnetic radiation. The conducting properties of a polymer can be accomplished by organic synthesis method. Polypyrrole, polyacetylene, and polyaniline are the basic polymers, widely used in various applications. Repeated oxidation and reduction of polymeric backbone constitutes the principle of to detect the different gaseous and polymer rechargeable batteries.

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The global conductive polymer market is mainly driven by increasing demand for high-performance, lightweight, and cost-effective products. Rising importance of biomimetic technology and artificial muscles for solving complex health problems is expected to increase the usage of conductive polymers on account of their lightweight and high energy density. However, high production and processing cost are some of the factors restraining the growth of conductive polymers market. Furthermore, conductive polymers are also found in various application in the production of printed circuit boards, flat panel displays, light emitting diode based (LED) due to this expected to provide new avenues for the key participants present in conductive polymers market.

On the basis of product segment, conductive polymer market can be segmented as inherently conductive polymers (ICPs), polyaniline, polyphenylene-based resins, polycarbonate, and others. In 2014, polyvinyl chloride (PVC), polycarbonate, polyphenylene-based resins, polyethylene, and polypropylene as a whole dominated the market and accounted for three-fourths of the overall consumption of conductive polymers worldwide. Inherently conductive polymers (ICPs) expected to experience the fastest growth and accounted for over 15% in 2014.

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Conductive polymers are used in various application areas such as antistatic packaging, actuators, sensors, ESD & EMI protection, capacitors, batteries, solar cells, and organic transistors. Strong demand from these application industries contributed to the growth of global conductive polymers market. Electrostatic dissipation (ESD) & electromagnetic interference (EMI) protection was the largest application market conductive polymer in 2014. Antistatic packaging application segment is another important outlet for a conductive polymer. Moreover, rising demand for conductive polymers owing to its favorable properties expected to boost the demand for conductive polymers in the years to come.

Global conductive polymers market was dominated by the North America and accounted for more than 63.5% shares of the total volume consumption in 2014. Europe was the second highest regional market for the conductive polymer in 2014. The conductive polymer market in Asia-Pacific is expected to grow at a rapid pace in the years to come. This can be attributed to the strong economic growth in emerging economies and growing demand for batteries and sensors in the automobile industry has resulted into rapid growth across the region.

The global key player in the conductive polymers market includes Ormecon Chemie GmbH, Bayer, The Dow Chemical Company, The Lubrizol Corporation, Crosslink, Henkel Electronics, ITEK, Nano Markets LLC, Voltaic Coatings, ID Tech EX, CBI Polymers Inc., Konarka Technologies Inc and AnCatt.

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