Electroactive Polymers Price Market Share, Size Global Growth Prospects, Trends, Industry Analysis, Key Players and Forecast to 2027
Market Overview:
Electro active polymer is used in various
applications such as ESD & EMI protection, batteries, sensors, and
antistatic packaging among others. The growing demand from the developing
region across the globe are the major factors driving the global market of the
electroactive polymer. The growing application in automobiles and electrical
& electronics are other factors contributing to the growth of the market.
Among the various application sector, ESD & EMI protection is the dominant
segment and is expected to show the same trend during the forecast years.
Market Segmentation
The global Electro-Active
Polymers Price Market is segmented into product type and application. On
the basis of the product type, the market is segmented into conductive
polymers, inherently dissipative polymers, inherently conductive polymers, and
others. On the basis of the application, the global electroactive polymers is
further segregated into actuators, sensors, ESD & EMI protection,
antistatic packaging, and others.
Market Scenario
The inherently conductive polymer product segment is
anticipated to grow at an expanding CAGR during the forecast years. The growing
investment in the research and development activities in the IPC sector has
fuelled its use in the medicines, energy, robotics and smart fabrics sector,
which, in turn, is contributing to the growth of the segment. Among the various
application segment, the ESD & EMI protection are expected to be the
dominant segment. The growing use of advanced technologies in the automobiles
is expected to be the major contributor to the segmental growth. The antistatic
packaging segment is expected to exhibit a CAGR of over 7.5% during the
assessed period. The increasing use of polypropylene, polyethylene in the
packaging of consumer electronics and medical devices is substantially
propelling the growth of the segment.
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Regional Analysis
The global electroactive polymer market is spanned
across five key regions: Asia Pacific, Latin America, North America, Europe,
and the Middle East & Africa. Among these, Asia Pacific is expected to be
the fastest growing market on account of the growing demand for electroactive
polymers in the automobile and electrical & electronic industry. Moreover,
the development of retail sector especially in India and China along with the
growing penetration of smartphones has surged the demand for consumer
electronics, in turn, boosting the market. North America is anticipated to be
the largest market closely followed by Europe. The presence of the development
of automobile and electronics sector is the key factor propelling the market.
Moreover, the growing research and development activities in robotics is
expected to have a positive impact on the market owing to the extensive use of
actuators in robotics.
Competitive Analysis
Some of the prominent players operating in the
global electroactive polymers market Solvay (Belgium), Parker-Hannifin Corporation
(U.S.) Agfa-Gevaert Group (Belgium), 3M (U.S.), Merck Sharp & Dohme
Corporation (Germany), The Lubrizol Corporation (U.S.), NOVASENTIS, INC (U.S.),
Premix (Finland), PolyOne Corporation (U.S.) and Kenner Material & System
Co., Ltd (China) among others.
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