The electroactive polymers market size was over 233 kilo tons in 2014. Heavy expenses on conductive technologies are estimated to positively impact the market. Moreover, the significance of ferromagnetic & piezoelectric materials in electronic applications assists the market.
Electroactive polymers are integrated in actuators & sensors due to their piezoelectric & conductive features. Electronics production in Japan, China, Taiwan, & South Korea because of supportive regulatory aid should also drive the market. In addition, escalating nanotechnology usage would fuel the electroactive polymers market.
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Intricate health issues & their solutions have gained wide importance, propelling market revenues. In Jan 2014, the South Korean government publicized the expanding of their medical industry by developing novel healthcare devices. This could also boost market incomes during the forecast period (2015 to 2022). The market is trifurcated on the basis of products, applications, and regions.
Product segments comprise conductive polymers, IDPs, ICPs, and others. Conductive polymers are further split into antistatic additives, EMI/ESD compounds, metal fibers, and carbon nanotubes. They led the electroactive polymers market in 2014 and had more than 80% volumes that year. These products are utilized in translucent & business displays, bio-sensors, actuators, and organic solar cells.
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ICPs are predicted to profit significantly in the seven years ahead. They can record a CAGR over 10% from 2015 to 2022. ICPs could find novel applications on account of their macromolecules. The demand for IDPs surpassed 10.5 kilo tons in 2014. They are mainly utilized as antistatic additives for the packaging of plastic & sensitive electronic components.
Applications of the electroactive polymers market include ESD (Electrostatic dissipation) & EMI (electromagnetic interference) protection, antistatic packaging, and others. ESD & EMI protection led the market in 2014 and earned over USD 950 million the same year. Antistatic packaging volumes could rise at about 10% CAGR during the forecast period.
Other applications consist of inks, coatings, batteries, solar cells, photovoltaic modules, and capacitors. Regional segments of the market are North America, Asia Pacific, Europe, and rest of the world. North America captured over 60% of the total demand in 2014. Europe surpassed 45 kilo tons that year.
Asia Pacific will experience the swiftest growth in the future. It will record more than 11% CAGR during 2015 to 2022. Key players in the global electroactive polymers market encompass 3M, Kenner Material & System Co. Ltd., Bayer AG, Celanese Corporation, Parker-Hannifin Corporation, and The Lubrizol Corporation.
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