Market Research Future Published a Half-Cooked Research Report on Global Electroactive Polymers Market Research Report.
Market Overview:
Electro active polymer is used in various applications such as ESD & EMI protection, batteries, sensors, and antistatic packaging among others. The growing demand from the developing region across the globe are the major factors driving the global market of the electroactive polymer. The growing application in automobiles and electrical & electronics are other factors contributing to the growth of the market. Among the various application sector, ESD & EMI protection is the dominant segment and is expected to show the same trend during the forecast years.
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Market Segmentation
The global electro-active polymers market is segmented into product type and application. On the basis of the product type, the market is segmented into conductive polymers, inherently dissipative polymers, inherently conductive polymers, and others. On the basis of the application, the global electroactive polymers is further segregated into actuators, sensors, ESD & EMI protection, antistatic packaging, and others.
Market Scenario
The inherently conductive polymer product segment is anticipated to grow at an expanding CAGR during the forecast years. The growing investment in the research and development activities in the IPC sector has fuelled its use in the medicines, energy, robotics and smart fabrics sector, which, in turn, is contributing to the growth of the segment. Among the various application segment, the ESD & EMI protection are expected to be the dominant segment. The growing use of advanced technologies in the automobiles is expected to be the major contributor to the segmental growth. The antistatic packaging segment is expected to exhibit a CAGR of over 7.5% during the assessed period. The increasing use of polypropylene, polyethylene in the packaging of consumer electronics and medical devices is substantially propelling the growth of the segment.
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Regional Analysis
The electroactive polymers market is spanned across five regions: Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Among these, Asia Pacific is expected to show a burgeoning growth and is anticipated to be the fastest growing market during the review period. The rapid growth of industries and urbanization is fuelling the growth of the electroactive polymers in the developing countries of Asia Pacific. Moreover, the emergence of the region as a favorable manufacturing hub is further expected to fuel the market growth.
Furthermore, augmenting electrical & electronics and automobile sector is further adding to the demand for electroactive polymer in the region. China, India, and Japan are the largest consumers of electroactive polymers in this region. North America is anticipated to be the largest market followed by Europe. The developed end-user industries such as transportation and electronics among others are significantly driving the growth of the market. According to the Statistica, the revenue from consumer electronic sales grew to 339 billion dollars in 2017 from 318 billion in 2016.
The European market is the second largest market mainly driven by the developed electrical & electronics and automobile sector. The growing demand for actuators and sensors in the well-developed automobile industry is anticipated to fuel the market growth in the region. The key countries attributing to this growth are Germany, Italy, and France.
Segmental Analysis
The global electro-active polymers market is segmented into product type and application. On the basis of the product type, the market is segmented into conductive polymers, inherently dissipative polymers, inherently conductive polymers, and others. On the basis of the application, the global electroactive polymers is further segregated into actuators, sensors, ESD & EMI protection, antistatic packaging, and others.
Key Players
Some of the prominent players operating in the global electroactive polymers market are Solvay (Belgium), Parker-Hannifin Corporation (U.S.) Agfa-Gevaert Group (Belgium), 3M (U.S.), Merck Sharp & Dohme Corporation (Germany), The Lubrizol Corporation (U.S.), NOVASENTIS, INC (U.S.), Premix (Finland), PolyOne Corporation (U.S.), and Kenner Material & System Co., Ltd (China).
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience
Electroactive Polymers market manufacturers
Traders and Distributors of Electroactive Polymers market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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