Conductive Polymers Market Size, Share and Industry Analysis Report By Conduction Mechanism (Conducting Polymer Composites [Acrylonitrile Butadiene Styrene {ABS}, Polycarbonate {PC}, Polyvinyl Chloride {PVC}, Polypropylene {PP}, Nylon], Inherently Conductive Polymers [Polyaniline {PANI}, Polypyrrole {PPy}, Polyphenylene Vinylenes {PPV}, Poly(3,4-ethylenedioxythiophene) Polystyrene Sulfonate {PEDOT}]), By Application (Anti-static Packaging & Coating, Capacitors, Actuators & Sensors, Batteries, Solar Cells, Electroluminescence, Printed Circuit Board), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jun 2021  |  Report ID: GMI4205  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 292   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Overview

Global Conductive Polymers Market size was valued at USD 3.46 billion in 2020 and will showcase a growth rate of around 8.3% CAGR from 2021 to 2027 owing to the growing usage of polymers as a substitute for plastics and metals in electronic products along with proliferating automotive sales. The continuous R&D investments and development of new products will further support the demand for conductive polymers over the study timeframe.
 

Conductive polymers are a group of organic polymers that can conduct electricity. The main advantage of these polymers is their processability and electrical properties that can be tailored easily using the organic synthesis method along with advanced dispersion techniques. Polymers are widely used in electrical & electronics, automotive, healthcare, and others. Furthermore, the ongoing research on the usage of these polymers in biomedical applications, such as tissue engineering, regenerative medicine, wound healing, and others will provide a lucrative opportunity for conductive polymers market expansion.
 

Conductive Polymers Market Outlook

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Advancements in the automotive sector with the integration of technologies including self-driving cars and artificial intelligence will further grow at a decent rate owing to rising sales of electrical vehicles, which will eventually boost the demand for actuators & sensors that using conductive polymers as a key material. Europe is one of the leading markets for automotive sensors. According to the European Automobile Manufacturers Association, 18.55 million passenger cars were manufactured in Europe in 2019, contributing to around 25% of global production.
 

The proliferating automobile demand, especially in developing economies, will drive the conducting polymer-based sensors market growth over the forecast period. Conductive polymers are observed to lose their characteristics under uncertain environmental conditions. The former factor limits the application of ICPs in hot & moist conditions.
 

The rising demand for consumer electronics, such as TVs, mobile phones, and displays, will propel product usage. The demand for consumer electronics from households is set to accelerate owing to changing lifestyles, growing disposable incomes, and easy access to financials. The increasing consumption of these polymers in the end-user industries is due to their excellent advantages, such as lower cost, higher efficiency & lightweight, compared to metal and good mechanical properties. Conductive polymers used in applications including actuators, antistatic packaging & coatings, and sensors will foresee a rise in demand owing to rapid innovations and higher production in the electronic industry.
 

Ongoing R&D activities to develop advanced conductive polymers that enable the electronic industry to manufacture efficient & stable electronic circuits will further showcase considerable growth over the forecast timeframe. For instance, in April 2021, Researchers from the Linköping University of Sweden along with their colleagues in the U.S. and South Korea developed a stable high-conductivity polymer ink. The new n-type material provides ease in the production of the next-generation printed electronic devices. Furthermore, the new material is eco-friendly than any other organic conductors that are currently utilized in the electronics sector.
 

The COVID-19 pandemic had an unprecedented impact on global industries and economic growth. Major geographical markets including the U.S., China, Brazil, India, and Germany have been hit the hardest by the pandemic. It has affected every stage of the conductive polymer supply chain. To counter the spread of coronavirus, all countries across the world have instituted trade blockades and quarantines.
 

Most conductive polymers are used in anti-static packaging & coatings. With reduced packaging demands, the demand for conductive polymers has also reduced. The U.S. and European countries are the key buyers of conductive polymers; however, these markets witnessed significant challenges due to the ongoing COVID-19 pandemic.
 

Conductive polymer composites will dominate the market owing to usage in a wide range of applications

Conductive Polymers Market by Conduction Mechanism

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Conductive polymer composites dominated the market with over 90% volumetric shares in 2020. Based on conduction mechanism, the market is bifurcated into conducting polymer composites and inherently conductive polymers. Conductive polymer composites are further sub-segmented into polycarbonates, Acrylonitrile Butadiene Styrene, Polypropylene, Polyvinyl Chloride, nylon, and others. Among the sub-segmented composites, the ABS type of conductive polymers held a prominent share of over 25% by 2027 owing to the economic product range offered along with superior quality conduction showcased by ABS.
 

Conductive composites are developed by a wide range of methods and processing technologies; however, twin-screw extruder and compression molding are popular technologies used in the production process. The proliferating automotive, medial & electronics sectors will further support the conductive polymers market segment growth. Composites are mainly used in high-capacity batteries, artificial muscles, and biosensors.
 

The proliferating global consumer electronics sector to drive the usage of conductive polymers in antistatic packaging & coating applications

Conductive Polymers Market by Application

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The antistatic packaging & coatings segment is expected to generate around USD 1.65 billion in revenue by 2027. The rising demand for consumer electronics and other electrical devices across the globe will majorly drive the segment growth over the forecast period.
 

Improper packaging of electrical gadgets, circuits, and components is a primary reason for electronics damage. Statistically, close to 33% of electrical product losses and electronics damages are caused due to Electrostatic Discharge (ESD). A proven & effective solution to reduce damaged electronics goods is the adoption of Anti-Static Packaging (ASP) or ESD packaging, a key application of conductive polymers. Anti-static packaging reduces the risk of ESD damage and ensures product safety.
 

North America to grow with the rising semiconductor sector

Conductive Polymers Market by Region

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The North America will witness considerable demand over the forecast period, growing at a CAGR of 8.4% from 2021 to 2027. The conductive polymers sector continues to witness dynamic changes owing to the influence of foreign players, which will drive the industry toward new product offerings. North America is the largest market for conductive polymer products over the forecast period, accounting for over 40% of the overall conductive polymers market share in 2020.
 

The strong presence of electronics & semiconductor industries backed by the presence of the latest technologies and R&D in the region, especially in the U.S., will drive this growth. According to the Semiconductor Industry Association (SIA), in 2019, the U.S. accounted for around 47% of the global semiconductor sales, which accounted for around USD 193 billion. As per the report, the country is expected to maintain its dominance during the forecast period, making it a lucrative market for electroactive polymers.
 

Mergers & acquisitions, product development, and expansion of distributors network are among key initiatives enhancing market competitiveness

Key players engaged in the conductive polymers industry include Lubrizol, 3M, Covestro AG, Celanese Corporation, SABIC, Henkel AG & Co. KGaA, and others. Industry players are engaged in product development, R&D investments, mergers & acquisitions, and distributor network expansion to enhance their market shares. For instance, in December 2019, 3M announced an agreement to acquire the technology business of M Modal for a total value of USD 1 billion.
 

Global conductive polymers market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2017 to 2027 for the following segments:

By Conduction Mechanism

  • Conducting polymer composites
    • ABS conductive polymer composites
    • PC conducting polymer composites
    • PVC conducting polymer composites
    • PP conducting polymer composites
    • Nylon conducting polymer composites
    • Other conductive polymer composites
  • Inherently conductive polymers
    • Polyaniline (PANI)
    • Polypyrrole (PPy)
    • Polyphenylene vinylenes (PPV)
    • PEDOT
    • Other inherently conductive polymers

By Application

  • Anti-static packaging & coating
  • Capacitors
  • Actuators & sensors
  • Batteries
  • Solar cells
  • Electroluminescence
  • Printed circuit board
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • Spain
    • France
    • Russia
  • Asia pacific
    • China
    • India
    • Japan
    • Indonesia
    • Malaysia
    • South Kore
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Kuwait
       

Frequently Asked Questions (FAQ) :

Conductive polymers market size had reached USD 3.46 billion in 2020 and will exhibit a CAGR of around 8.3% through 2027 with increased application of polymers in electronics and automotive sector.
Conductive polymer composites had captured 90% of revenue share in 2020 on account of proliferating demand from automotive, medial and electronics sectors.
Antistatic packaging & coatings segment will generate around USD 1.65 billion revenue by 2027 due to heightened demand for consumer electronics and other electrical devices across the globe.
North America will observe a CAGR of 8.4% through 2027 owing to strong presence of electronics & semiconductor firms in the region focused on latest technologies and R&D.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 292
  • Tables: 311
  • Charts / Figures: 32
  • Companies covered: 15
  • Countries covered: 21

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