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Conductive Polymer Market Trends
Demand for electronic products and the increased use of conducting polymers in solar cell manufacturing are driving the growth of the global market.
Surge in demand for electronic products and increase in usage of conducting polymers in solar cell manufacturing have boosted the growth of the global conductive polymer market.” - David Correa
WILMINGTON, DELAWARE, UNITED STATES, February 23, 2024 /EINPresswire / -- The global conductive polymer market was valued at $3.9 billion in 2018 and is projected to reach $7.4 billion by 2026, registering a CAGR of 8.1% from 2019 to 2026. The report offers a comprehensive analysis of the changing market dynamics, value chain, market player positioning, major segments, investment pockets, and competitive landscape.
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Demand for electronic products and the increased use of conducting polymers in solar cell manufacturing are driving the growth of the global conductive polymer market. However, the high production costs are hindering market growth. On the other hand, the rise in electric mobility is expected to create lucrative opportunities in the near future.
The global conductive polymer market size is segmented based on type, application, and region. By type, the market is categorized into polyaniline (PANI), polypyrrole (PPy), polyphenylenevinylenes (PPV), PEDOT, polyacetylene, and others. The PANI segment accounted for the largest share in 2018, with nearly one-fourth of the market. However, the PEDOT segment is expected to register the highest CAGR of 10.6% during the forecast period.
Based on application, the market comprises anti-static coatings, photographic film, solar cells, display screens, polymer capacitors, LED lights, and others. The polymer capacitor segment is projected to manifest the highest CAGR of 9.3% during the forecast period. Conversely, the anti-static packaging and coating segment held the largest share in 2018, contributing to nearly one-fourth of the market.
In terms of region, North America held the largest share of the market in 2018, accounting for nearly one-third of the market. However, the market in Europe is expected to portray the highest CAGR of 8.8% during the forecast period.
Key players in the market include Celanese Corporation, Merck KGAA, Heraeus Group, Solvay, Kemet Corporation, Abtech Scientific, American Dyes Inc., SABIC, Agfa Gevaert, and Rieke Metals.
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