The global Conductive Polymers Market is anticipated to reach USD 6.5 billion by 2024. Organic polymers are insulators in their original form and a few conducting polymers have single and double bonds that comprise aromatic rings such as anthracene, thiophene, and pyrrole that are connected to each other across carbon-carbon single bonds. For instance, polyacetylene possesses simple molecular bonds. However, its insolubility and other features have made it a misfit for technological applications. In such cases, polyaniline, polypyrroles, polythiophenes and polyphenylenevinylenes are technologically relevant.
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The conductive polymers market is highly driven by rise in demand for high-performance and lightweight products. Other features like enhanced chemical resistance and strength have enlarged the market demand in the global scenario. Applications segment for conductive polymer market include chip packaging, sensors, plastic transistors and display materials. End-user applications include batteries, capacitors, and actuator sensors, solar cells and solar sensors.
Geographical segmentation for conductive polymers market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions register a positive rate of market growth owing to rise in foreign direct investments, mainly in the industrial manufacturing sector. Heavy industrialization in the APAC sector in the past years have resulted in a significant change in the technological use to raise the production of goods.
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Major industries witness rapid developments on the technological front comprising electronics and automotive for which polymers are extensively used. North American and European market have gained a significance in the global market due to increase in R&D activities by key players and government support. The key players in the conductive polymers industry include 3M Company, The Lubrizol Corporation, Henkel AG & Co KgaA, Saudi Basic Industries Corporation, Solvay S.A., The DoW Chemical Company, RTP Company, Heraeus Holding GmbH, Premix Oy, and Covestro AG.
Market Segment:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyphenylene Polymer (PPP)-based Resins
• Polycarbonate (PC)
• Intrinsically Conductive Polymers (ICP)
• Nylon
• Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Actuators & Sensors
• Anti-Static Packaging
• Batteries
• Capacitors
• Solar energy
• Others
