Conductive Polymers Market Growth Analysis | 2023-2028

Market Insights

The conductive polymers market was estimated at USD 4.3 billion in 2022 and is likely to grow at a CAGR of 8.15% during 2023-2028 to reach USD 6.91 billion in 2028.

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Market Dynamics

Introduction

Conductive polymers belong to a class of organic polymers bearing electrical and optical properties similar to that of metals and inorganic semiconductors. Such compounds possess metallic conductivity. Conductive polymers offer processability, majorly by dispersion and they are extensively used in printing electronic circuits, organic solar cells, organic light-emitting diodes, actuators, electrochromism, supercapacitors, chemical sensors & biosensors flexible transparent displays, and electromagnetic shielding.

Market Drivers

These factors are expected to boost the demand for the market in the coming years:

• The surge in demand for anti-static packaging.
• Increase in application of products in portable electronic devices and growth in demand for these devices across the globe.
• The automotive industry is looking for ways to reduce the weight of its materials. Conductive polymers are a promising option because they are lightweight and strong. They can be used in a variety of automotive applications, including wiring and cables.
• The demand for electronic devices is on the rise. Conductive polymers are also a key component in many of these devices, and as the demand for electronic devices continues to grow, so does the demand for conductive polymers.
• The shift towards renewable energy sources propels the demand for conductive polymers, which are utilized in renewable technologies like solar cells and batteries. As sustainability gains traction, the demand for conductive polymers in these applications will surge.

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Key Players

Some of the key players in the market are:

• The 3M Company,
• Agfa Gevaert N.V,
• Avient Corporation,
• Celanese Corporation,
• Covestro AG,
• DuPont de Nemours, Inc,
• Henkel Ag & Co. KGaA,
• KEMET Corporation,
• Saudi Basic Industries Corporation (SABIC),
• The Lubrizol Corporation.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Conduction Mechanism Type

The market is segmented as conducting polymer composites and inherently conductive polymers. In 2022, conductive polymer composites led the market with a volumetric share of over 90%. The segment is further subdivided into polycarbonates, acrylonitrile butadiene styrene, polypropylene, polyvinyl chloride, nylon, and other conductive polymers. ABS-type conductive polymers are estimated to hold a significant proportion of over 25% share of the sub-segmented conductive polymers market during the forecast period, owing to the affordable product variety and better-quality conduction demonstrated by ABS.

By Application Type

The market is segmented as anti-static packaging and coatings, capacitors, actuators & sensors, batteries, solar cells, electroluminescence, and printed circuit board. Anti-static packaging and coatings are estimated to lead the market during the forecast period. The surge in global demand for consumer electronics and other electrical devices is likely to fuel the segment's growth.

Regional Insights

North America is expected to witness significant growth in demand for conductive polymers during the forecast period. The growth of the region can be attributed to the presence of international companies and the conductive polymers sector, which continues to see dynamic developments. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s conductive polymers market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our conductive polymers market report from the industry stakeholders, we have tried to further accentuate our research scope to the conductive polymers market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, and supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, and SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The conductive polymers market is segmented into the following categories.

By Conduction Mechanism Type

• Conducting Polymer Composites
  • Type Analysis: Acrylonitrile Butadiene Styrene {ABS}, Polycarbonate {PC}, Polyvinyl Chloride {PVC}, Polypropylene {PP}, Nylon, and Others
• Inherently Conductive Polymers
  • Type Analysis: Polyaniline {PANI}, Polypyrrole {PPy}, Polyphenylene Vinylenes {PPV}, Poly (3,4-ethylenedioxythiophene), and Polystyrene Sulfonate {PEDOT}

By Application Type

• Anti-static Packaging & Coating
• Capacitors
• Actuators & Sensors
• Batteries
• Solar Cells
• Electroluminescence
• Printed Circuit Board

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Segmentation

• Current segmentation of any one of the conduction mechanism types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].