Global Conductive Polymers Market size is projected to be valued $10.4 Billion by 2024; with a CAGR of 10.8 % from 2017 to 2025. Conductive polymers could be synthesized by electrochemical polymerization and by chemical oxidation depending upon the component. Electrical conductivity, capability to store charge, high-performance, capacity to exchange ions, and absorb electromagnetic radiation are the various properties of conductive polymers. Polyacetylene, Polypyrrole, and polyaniline, are the primary polymers, widely used in various applications.
The global conductive polymers market is primarily driven by increasing demand for high-performance, lightweight, and inexpensive products. The other aspects to boost the market are ease of process-ability, low cost of raw materials, flexibility, dimensional stability, strength, and chemical resistance. However, high production & processing cost may hamper the market growth. Moreover, with rising disposable income and modernization, demand for conductive polymers have increased tremendously which in turn is expected to generate numerous growth opportunities for the market in the upcoming years.
The global conductive polymers market is majorly classified on the basis of type, application, and geography. The classification by type comprise of inherently conductive polymers (ICPs), polyaniline, polyphenylene based resin, and other types. By application, the classification includes antistatic packaging, ESD & EMI protection, capacitors, actuators, sensors, batteries, solar cells, and other applications.
Based on geographical analysis, conductive polymers market is classified into North America, Europe, Asia-Pacific, Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of Germany, UK, France, Italy, and rest of Europe. Asia-Pacific is segmented into China, Japan, India, and rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Key Companies profiled in the global conductive polymers market includes The Dow Chemical Company, CBI Polymers Inc., Crosslink, The Lubrizol Corporation, NanoMarkets LLC, Henkel Electronics, IDTech EX, Voltaic Coatings, AnCatt, and ITEK, among others.
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Scope of the Global Conductive Polymers Market