The Conductive Polymers Market is expected to experience a CAGR of over 12.3% during the forecast period.
Conductive polymers belong to the family of plastics. They are lightweight, flexible, and inexpensive plastics that conduct electricity. They are known to shrink, swell, and bend when stimulated by electricity. Conductive polymers are further classified into Inherently Conductive Polymers (ICP), Inherently Dissipative Polymers (IDP), Conductive Plastics, and Other Conductive Polymers. Conductive polymers find wide applications in anti-static packaging, capacitors, textiles and fabrics, batteries, sensors, actuators, solar cells, and organic transistors. Acrylonitrile-butadiene-styrene (ABS), polyvinyl chloride (PVC), polycarbonate, polyphenylene-based resins, polyethylene, and polypropylene together make up about three-quarters of all conductive polymers used. Through constant R&D activities, scientists have made several polymers conductive in recent years. These include polypyrrole, polyamine, polythiophene, and polyacetylene.
Traditionally, carbon-based polymers have been viewed as electrical insulators. Such polymers can be given a degree of conductivity by adding amounts of a conductive additive, typically carbon, nickel or silver. When the resulting silver film was doped with various oxidizing agents, the material was found to have become conductive. This has resulted in the development of several other conductive polymers. These conjugated polymers have interesting and useful properties, due to their delocalized electronic systems. The result is a material that combines the electrical properties of a semiconductor or metal with the useful mechanical or physical properties and processing benefits of a polymer. The use of ICPs for practical applications in electronic and optoelectronic devices is under study. Although stability and processing issues have yet to be overcome for worldwide acceptance, the potential of these materials is immense.
Growing demand for high-performance, lightweight and inexpensive products is driving the growth and potential of conductive polymers. In addition, its dimensional stability, flexibility, chemical resistance, and strength have increased its demand in the world market. The photovoltaic industry is anticipated to be a potentially attractive market for conductive polymers, as they are expected to serve as an efficient alternative to silicon. Applications of conductive polymers in the photovoltaic industry include display materials, chip packaging, sensors, plastic transistors, and ultracapacitors. Biomimetics is concerned with the manufacture of conductive polymers that resemble human muscles for the development of bioprostheses and therefore is another potentially attractive segment for conductive polymers. The increased demand for anti-static packaging is expected to drive the growth of the conductive polymers market during the forecast period. Antistatic packaging is used in a variety of industries to store, package and transport electrostatic-sensitive items, with the goal of protecting equipment from damage. In addition, the conductive polymer can be used in some applications where it can replace semi-metals and metals, where a large amount of energy is required for manufacturing and processing.
The increased application of the product in portable electronic devices and the increased demand for these devices around the world is expected to drive the growth of the conductive polymers market. In addition, due to the increase in the use of solar energy, researchers and manufacturers are looking for ways to increase the efficiency of solar cells. Conductive polymer coatings are used to increase the stability and efficiency of solar cells. In addition, it has enabled the design of light, efficient, and compact electronic components. Due to the increased attention given to environmental sustainability and lowering the cost of power generation, the adoption of renewable energy is expected to accelerate in the future and drive market growth. The growing demand for conductive polymer compounds from end applications, such as plastic batteries, semiconductor sensors, EMI / ESD transducers, and micromotors, will drive the growth of the conductive polymer market.
The high cost of production including manufacturing processes and raw materials is expected to hamper the market growth during the forecast period.
An increase in demand for electric vehicles across the globe due to the implementation of stringent government environmental regulations to lower air pollution and the dependency on conventional fuels is anticipated to provide growth opportunities for the conductive polymer market in the future.
The major factor challenging the growth of the global conductive polymers market is the lower thermal conductivity of polymers compared to conventional materials such as ceramics and metals.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2022-2028 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2028 |
|
CAGR |
12.3% |
|
Segments Covered |
|
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
|
|
Market Leaders Profiled |
|
Electrically Conducting
Thermally Conducting
The thermal conduction segment is expected to grow at a higher CAGR due to the increasing miniaturization of electronic components which require compact and advanced conductive polymers for thermal conduction. In confined spaces. Thermally conductive polymers find primary use in LED fixtures, heat sinks, interface materials, radiator end caps, fuel pumps, heat exchangers, medical devices, and housing enclosure instruments.
ESD/EMI Shielding
Antistatic Packaging
Electrostatic Coating
Capacitor
Others
The application of ESD / EMI shielding of the electrical and electronic industry represents a high demand for conductive polymers. The main advantage of ESD / EMI shielding is that it increases the security of air gap systems. It also helps prevent sensitive electronic components and devices from receiving a static discharge and magnetic interference.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
In North America, the United States has the largest market for automobiles and airplanes. A high rate of adoption of the technology in the country is expected to boost the consumption of conductive polymers in the coming years.
The United States is one of the world's largest markets for consumer electronics. Electronic devices are experiencing a high adoption rate in the country. The United States is one of the most technologically advanced countries in the world and people regularly buy consumer electronics products.
Smartphones, tablets, portable speakers, and artificial intelligence-assisted electronics are experiencing a high growth rate in the region. Other industry segments and sectors are also expected to impact the growth of the market. As R&D operations are carried out on a large scale in the region, the market is expected to evolve in the coming years. Therefore, the US conductive polymer market is expected to grow at a sustained rate.
Asia-Pacific is expected to experience the fastest growing growth with a CAGR of 9.8% from 2022 - 2027, in terms of volume. The rise of the automotive industry in China and India following new product launches by companies such as Volkswagen, as well as regulatory biases to promote investment in the sector, are expected to encourage the use of materials. conductive plastics in motor boxes and metal pipes.
The high prevalence of manufacturing energy storage devices, including solar cells and battery-powered systems, in major markets, including the United States and Canada, is expected to have a positive impact. In addition, the improvement of the automotive sector in the United States through new product launches by Volkswagen is expected to increase the use of conductive polymers in the form of wire harnesses and engine systems.
The COVID-19 pandemic has disrupted the electronics industry landscape, limiting market opportunities for manufacturers of conductive polymers during the period. The change in consumer spending patterns has reduced consumption in major industries like electronics, automotive, aerospace, etc. In addition, the pandemic had a severe impact on macroeconomic factors and interrupted the entire value chain from the acquisition of raw materials to finished products.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region