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North America market accounted for approximately 40% of the global conductive polymer market in 2018. Demand is growing at a decent pace, owing to its related R&D in the region. Key industry players in the region such as 3M, Celanese Corporation, etc. are making substantial investment to innovate and develop advanced products to be used across semiconductor and electronics industry. Additionally, high consumer awareness coupled with competitive edge attained by these polymers over other economies such as China and Japan will result in higher product demand in North America in the coming years.Request a sample of this premium Report at: https://www.marketstudyreport.com/request-a-sample/2212518/
Conductive Polymers Market will exceed USD 6 billion by 2025. Growing demand for antistatic coatings in semiconductor & electronics industry will mainly drive the conductive polymers market in the coming years. Product shields the electronic equipment from the electrostatic damage (ESD) which results from the operation of other similar device. Such occurrences result in prolonged damage to the life of the electronic equipment. Conducting polymers display properties such as optical nonlinearity, electrochromism, thermochromism, superconductivity, etc. due to which they are widely employed in semiconductor & electronics, automotive, and aerospace industries.
Anti-static packaging & coating application is predicted to account for a share of about 25% in 2018, which is projected to grow at a CAGR of approximately 8% by 2025. Furthermore, conducting polymers also find applications in vapor sensors, supercapacitors, solar installations, biopharmaceuticals, printed circuit boards (PCBs) and others. Product aids in making the capacitors, sensors, and PCBs more flexible while increasing their conductivity using inherent polymers.
Conductive polymer market is segmented based on the conduction mechanism displayed by the related materials. It includes conducting polymer composites (CPCs) and inherently conductive polymers (ICPs). CPCs segment held a share of over 90% in 2018, owing to easy availability and low cost associated with such composites. For instance, ABS polymers in the CPC?s segment is projected to witness gains of over 7% in the forthcoming years. On the other hand, polyaniline accounted for over 35% of the total ICP?s segment in 2018, which is likely to showcase gains close to 10% in the forecast timeframe. These trends will aid in the development of conducting polymers business size over the forecast period.
Conductive polymers are used in capacitors, actuators & sensors, electroluminescence & printed circuit board in the semiconductor & electronics industry. Demand for supercapacitors manufactured using conductive polymers is propelling with growing trends for miniaturization in electronic devices. Greater need for computing power in a smaller space will make substantial positive impact on the overall business size. Furthermore, corrosion inhibition in the automotive, manufacturing and chemical industry will propel the product demand in the upcoming years. On the other hand, conductive polymer demand is limited to certain regions. Low product awareness coupled with the limitations of inherently conductive polymers (ICP?s) might restrain market growth in the near future.
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Conductive polymer market has presence of small to large scale manufacturers such as 3M, PolyOne Corporation, Agfa Gevaert, Dow, SABIC, etc. Various companies are strategizing to include more sustainable conducting polymer materials to capture growing antistatic and capacitor market in the forthcoming years. Also, companies are forming strategic alliance with other players to expand its product portfolio and gain an edge over its competitors in the market. For example, PolyOne announced acquisition with Fiber-Line, a global leader in customized engineered composite materials and fibers in 2019. This step enabled the company to diversify its product portfolio.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Conductive Polymers Industry Insights
Chapter 4. Conductive Polymers Market, By Conduction Mechanism
Chapter 5. Conductive Polymers Market, By Applications
Chapter 6. Conductive Polymers Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/conductive-polymers-market
Related Report:
Global Thermal Conductive Polymer Materials Market Insights, Forecast to 2025
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https://www.marketstudyreport.com/reports/global-thermal-conductive-polymer-materials-market-insights-forecast-to-2025/?utm_source=Marketersmedia.com-AN
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