The global conductive polymer market was valued at USD 3.9 billion in 2018, and is projected to reach USD 7.6 billion by 2027, growing at a CAGR of 8.2% from 2020 to 2027.
Conductive polymer is a class of intrinsically conductive polymer (ICP) that conducts electricity. Conductive polymer exhibits electrical and optical properties similar to that of metals and inorganic semiconductors. It can be engineered to be biodegradable, biocompatible, and porous. It is widely used in the diode, microelectronics industry, diodes, electrochromic display, batteries, and photovoltaics.
Increase in demand for lightweight, high-performance, and inexpensive products is driving the growth of the global conductive polymer market. Furthermore, physical properties of conductive polymer such as dimensional stability, flexibility, chemical resistance, and strength have surged its demand in the global market. Smartphone technology has evolved in recent years since the introduction of mobile phones. Smartphones have replaced many other personal electronic and communication gadgets, owing tom higher resolution cameras, larger touchscreen displays, and incorporation of various high-tech features such as 3D facial recognition at affordable rates. Smartphones comprise various microelectronic and electronic components such as supercapacitors, capacitors, printed circuit boards, batteries, and a variety of sensors, including gyroscopes, accelerometers, proximity sensors, magnetometers, touchscreen sensors, fingerprint sensors, and GPS. Conductive polymer are widely used for antistatic purpose in smartphones.Surge in demand for smartphones due to implementation of advanced technologies such as virtual reality (VR), augmented reality (AR), Internet of Things (IoT), and artificial intelligence (AI) is expected to impact the conductive polymer industry trends. The development of foldable phones and flexible screens are expected to drive the growth of the market. Furthermore, owing to surge in usage of solar power, researchers and manufacturers seek for ways to increase the efficiency of solar cells. This is attributed to the fact that conducting polymer coating is used to increase the stability and efficiency of solar cells. Presently, organic conductive polymers are incorporated in solar equipment to absorb light and convert it into electricity. They are widely used in solar equipment, owing to their lightweight, transparency, flexibility, and roll-to-roll production capability. Furthermore, conductive polymers are used in the production of actuators &sensors and production of light-emitting diode-based (LED) backlights and displays. LEDs have witnessed increasing popular for their low operating voltages and non-expensive production processes. Conductive polymers are used to make rigid and flexible LED displays and lighting.Owing to increase in demand for energy-efficient lighting systems across the globe, the demand for conductive polymers is expected to increase.
However, high cost of production of conductive polymers is expected to hinder the growth of the market. On the contrary, surge in electric mobility is expected to create growth opportunity for conductive polymer market, as conductive polymer is widely used in automobile and EV components such as capacitors, batteries, and sensors. Increase in demand for electric vehicles from both developed and developing nation to curb the increasing pollution and to reduce the dependency on the conventional fuel usage is expected to create lucrative opportunities for conductive polymer market growth in future.
The global conductive polymer market size is segmented into type, application, and region. On the basis of type, the market is categorized into polyaniline (PANI), polypyrrole (PPy), polyphenylenevinylenes (PPV), PEDOT, polyacetylene, and others. The applications covered in the study comprise anti-static coatings, photographic film, solar cell, display screen, polymer capacitors, LED lights, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global conductive polymer industry include SABIC, Agfa Gevaert, Celanese Corporation, Merck KGAA, Heraeus Group, Solvay, Kemet Corporation, Abtech Scientific, American Dyes Inc. and Rieke Metals. Other players operating in this market include Lubrizol Corporation, Polymerits, Eeonyx, and Lehmann&Voss&Co.These major key players are adopting different strategies such as joint venture, agreement, and business expansion to stay competitive in the global market.
Global Conductive Polymer Market, By Type
Polyaniline segment accounted for the major share in 2018 in the conductive polymer market, owing to growth in demand for polyaniline to manufacture antistatic coatings and printed circuit boards. Development of the electronic industry across India and China and increase in disposable income of individual fuel the demand for consumer electronics such as laptop, smartphones, and television. This factor is anticipated to increase the demand for printed circuit boards to be used in consumer electronics. Owing to surge in demand for printed circuit boards, the demand for polyaniline is anticipated to increase, thus augmenting the growth of the global market.
Global Conductive Polymer Market, By Application
Depending on application, theanti-static packaging & coating segment accounted for the major conductive polymer market share in 2018. Surge in demand for anti-static packaging & coating to store, package, and transport items having ESD sensitivity and to protect the equipment from damage are expected to increase the demand for conductive polymer across the U.S. and Asia-Pacific.
Polyphenylene Vinylenes (PPV)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The Conductive Polymer market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Conductive Polymer market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Conductive Polymer market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Conductive Polymer market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Conductive Polymer market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Conductive Polymer capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Conductive Polymer by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Conductive Polymer market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Conductive Polymer market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Conductive Polymer market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Conductive Polymer industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Conductive Polymer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Conductive Polymer market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Conductive Polymer market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Conductive Polymer market. These factors have benefited the growth of the global market for Conductive Polymer. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Conductive Polymer. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Conductive Polymer are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: