The design and development of conductive polymer-based coating systems with commercial viability is expected with the use of nanotechnology and has received substantial attention.
The study suggests that the global conductive polymer market is likely to grow from $4,127.4 million in 2015 to $8,462.2 million by 2022. The increasing use of lightweight and high-performance smart materials, growing demand of conductive polymers in a wide range of applications, rapid industrialization, and growing economy of developing Asian countries are the factors that are expected to drive the demand for conductive polymers over the forecast period.
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As per the findings of research, the polyaniline was the largest contributor to the global conductive polymer market in 2015, in terms of volume and value. However, the inherent conductive polymer is expected to witness the highest growth, in terms of value, during the forecast period.
ESD & EMI protection formed the largest application area for conductive polymer, with 28.2% of the global market in 2015 in terms of value. However, the demand of conductive polymer is expected to witness the fastest growth in actuators, growing at a CAGR of 11.5% during the forecast period in terms of value.
Geographically, North America has been the largest market for conductive polymer, where the U.S. has been the largest contributor to the regional market.
China is the major market in the Asia-Pacific region, while the U.K. remains the highest revenue generator in the European Market.
In the Rest of the World, Brazil was the largest market for conductive polymers.
Conductive polymers have a wide variety of applications in various industries, ranging from production of medicine, healthcare, renewable energy devices, such as photovoltaic cells, to manufacturing of display materials, chip packaging, sensors, plastic transistors, and ultra-capacitors. Conductive polymers are used in a wide range of electrical appliances such as energy devices, electronics, and actuators, and as an alternate to inorganic semiconductor counterpart.
Among the various applications, conductive polymers are extensively used in the field of electrostatic discharge (ESD) and electromagnetic interface (EMI).
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The increasing application and development of nano-materials will be a key factor in the growth of conductive polymers. Currently, they are used for manufacturing of nano-wares, nano-tubes, nano-biosensors, nano-composites and nano-particles.
The increasing significance of biomimetic technology and artificial muscles for resolving difficult health problems over the years is increasing the use of conductive polymers in medical field for its lightweight and high energy density properties.
The key trend observed in the global conductive polymer market is the increasing investments in intelligent materials and development of electrochemistry.
Some of the key players in the global market include The Dow Chemical Company, Solvay S.A., RTP Company, 3M Company, The Lubrizol Corporation, Henkel AG & Co. KGaA, and Saudi Basic Industries Corporation.
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