Browse 78 tables and 35 figures spread through 134 pages and in-depth TOC on “Electroactive Polymer Market by Type (Conductive Plastic, Inherently Conductive Polymer, Inherently Dissipative Polymer), Application (ESD Protection, EMI Shielding, Actuators, Capacitors, Batteries, Sensors), and Region – Global Forecast to 2022″.
The electroactive polymers market is estimated at USD 3.51 in 2017, and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. The growth of the electroactive polymers market can be attributed to the increasing demand from the ESD protection, EMI shielding, and actuator applications across the globe.
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The electroactive polymers market has been classified on the basis of product type into conductive plastics, inherently conductive polymers, and inherently dissipative polymers. Among types, the inherently conductive polymers market is projected to grow at the highest CAGR during the forecast period.
Inherentlyconductive polymers include materials, such as polythiophenes, polyanilines, polypyrroles, and polyacetylenes. ICPs are soluble, low-cost organic polymers which have electrical properties like other conductive metals and semiconductors.
On the basis of application, the electroactive polymer market has been classified into Electrostatic Discharge (ESD) protection, Electromagnetic Interference (EMI), shielding, actuators, capacitors, batteries, sensors, and others. The actuator application is projected to lead the electroactive polymers market during the forecast period.
The growth of this segment can be attributed to the increasing use of electroactive polymers in actuator applications owing to their operational efficiency over conventional materials. The actuator application is projected to grow at the highest CAGR between 2017 and 2022.
The Asia Pacific region is the largest market for electroactive polymers across the globe, and is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific region can be attributed to the presence of various key manufacturers of electroactive polymers and increasing demand for electronic applications from countries, such as China, South Korea, Japan, and India.
Moreover, the easy availability of raw materials in the Asia Pacific region has attracted several global companies and investors to set up their production facilities in the region, thereby fueling the growth of the Asia Pacific electroactive polymer market.
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The electroactive polymers value chain includes component manufacturers, such as Solvay (Belgium) and 3M (US), among others that manufacture plastic resins, such as polycarbonates, polyanilines, polypyrroles, polyvinyl fluoride, and others.
These plastic resins are used by electroactive polymer manufacturers to develop various types of electroactive polymers that are further used in electrical & electronics, textiles & fabrics, automotive, medical & healthcare, and other end-use applications.
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