Conductive Polymers Market Size 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), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI4205  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 300   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Conductive Polymers Market size was USD 3.97 billion in 2019 and will grow at a CAGR of 6.8% from 2020 to 2026. The global industry is anticipated to witness a decent growth rate, driven by the rising demand for consumer electronics such as mobile phones, TVs, and displays.

The demand for consumer goods from the household sector will accelerate due to the rising per capita income, technological advancements, easy access to credit, and changing lifestyles. End-use industries are accelerating the consumption of conductive polymers owing to their superior advantages such as good mechanical and lightweight properties, improved efficiency, and reducing cost. Rapid innovation in the electronics industry will increase the adoption of these polymers in antistatic packaging & coatings, actuators, and sensors.

Conductive Polymers Market
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Conductive polymers consumption in the automotive industry has escalated due to changing dynamics in the manufacturing process. Weight reduction is an ongoing trend owing to strict emission policies and improvement in vehicles performance. Dynamic regulations & standards in the transportation industry will drive the conductive polymers market demand. For instance, to comply with the SAE J1645 standard, which addresses electrostatic discharge in fuel systems & components, the engineers at Robert Bosch were forced to use a conductive material for developing a fuel filter housing for use in high-end luxury cars.

Conductive polymers have permitted end-user industries to address issues related to static discharge damage, weight of metal components, cost, and integration of technology with reduction in size. Moreover, they provide aesthetic looks, lightness, high standards of design, and engineering & safety functions. These trends will further escalate the conductive polymers market share.

The conductive polymer’s ability to provide protection from Electromagnetic Interference (EMI) and Radio Frequency Interference (RFI) has made it highly popular across various EMI and RF shielding applications. Favorable trends in biomedical engineering development led by increased R&D efforts in the sector will augment the conductive polymers market sales.

For instance, Polymer Chemistry Innovations, Inc. has a patent filed for biodegradable electrically conductive polymer for tissue engineering. Technological advancements in doping will enhance the performance of conductive polymers and increase product penetration. The escalating demand for lightweight components coupled with rising end-use industries, particularly in Asia Pacific, will trigger the demand for conductive polymers during the assessment period.

The conductive polymers market is moderately consolidated with major players contributing over half of the market share. Most of these players are considerably investing in R&D to develop new products. However, the product finds limited and narrow demand from the developing or emerging economies due to the lack of awareness. Furthermore, conductive polymers cost higher, limiting their penetration in cost-sensitive markets including India and Southeast Asia.

Furthermore, the COVID-19 pandemic has disrupted the electronics industry landscape, thereby limiting market opportunities for conductive polymer manufacturers during the period. The shift in consumer spending pattern has shrunk the consumption in major industries such as electronics, automotive, aerospace, etc. Moreover, the pandemic has made a severe impact on macroeconomic factors and disrupted the entire value chain starting from raw material procurement to finished goods.

Conductive Polymers Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:3.97 Billion (USD)Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:6.8%No. of Pages:300
2026 Value Projection:5.15 Billion (USD) Tables, Charts & Figures:353
Geographies covered (21):U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Kuwait
Segments covered:Conduction Mechanism, Application, Region
Growth Drivers:
  • Increasing demand for light weight components
  • Expanding global semiconductor and electronics industry
  • Growing U.S. solar power industry
Pitfalls & Challenges:
  • Lack of stability under certain environment conditions & higher cost of production
  • Limited penetration of product technology in emerging economies

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Growing adoption of conducting polymer composites in the electronics industry will propel consumption

  Global Conductive Polymers Market

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The conducting polymer composites segment was over USD 3.09 billion in 2019 and is likely to grow at a decent rate of 6.3% in the overall market. Conductive polymer composites involve a one-step process for compounding fractions of non-metallic electrically conductive fillers with non-conductive plastic matrix. When the concentration of electrically conductive particles in a composite exceeds a certain level, they form a continuous path for the electricity to travel. Conductive polymers have witnessed increased consumption in the recent years owing to their substantial advantages including lightness, high durability, and high strength.

The increasing demand for conducting polymer composites from end-use applications, such as plastic batteries, solid state sensors, EMI/ESD, and micromotors transducers, will drive the conductive polymers market growth. Conductive polymers have advantages over inorganic materials, which include ease of fabrication and environment-friendly disposability. Moreover, conductive polymers are also used in capacitors; thus, the growing demand for these products will drive the industry growth.

Anti-static packaging & coating application will accommodate a substantial share in the overall market

  Global Conductive Polymers Market

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The antistatic packaging & coatings application will constitute for over 28% of the global consumption in 2026. The improper packaging of electrical gadgets, circuits, and components is a principle reason for electronics damage. Around 33% of electronics damages and electrical product losses happens due to electrostatic discharge.

Most electronic components are compact in size, which is why their thermal mass or ability to withstand modification in temperatures is restrained; therefore, Anti-Static Packaging (ASP) proves to be an effective solution to reduce damaged electronics goods. It ensures product safety and reduces the risk of ESD damage. The increasing demand for consumer electronics and other electrical devices around the world will majorly drive the consumption of conductive polymers in antistatic packaging & coatings.

Europe is forecast to be among the leading regional conductive polymer markets

  Global Conductive Polymers Market

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The Europe market will hold a revenue size of over USD 1.39 billion in 2026. The increasing photovoltaic cell production is among the key factors behind the growth of the conductive polymers market in Europe. Growing concerns related to climate change, oscillating oil prices, increasing air pollution, along with energy security & energy access in the recent times have led to increased adoption of alternative energy and low-carbon technology options.

Thin-Film Photovoltaic Cells (TFPV) are highly dependent on transparent conductive polymers; therefore, the increasing demand for conductive polymers in photovoltaic cell along with smart window applications will escalate the conductive polymers market growth.

Geographical expansions, new product development, and mergers & acquisitions are key strategies adopted by industry participants

The conductive polymer market is partially consolidated owing to the presence of a small number of industry players. Most of these players are considerably investing in R&D to develop new products. The companies also spend significant capital to expand their production capacity followed by considerable investments in brand development to increase brand loyalty amongst customers.

In July 2019, PolyOne Corporation developed a new polymer formulation for 5G telecommunication networks. In the same year, the company acquired Fiber line, a global leader in customized engineered composite materials and fibers. Other prominent players operating in the conductive polymers industry include 3M Company, PolyOne Corporation, Agfa Gevaert N.V, Dupont De Nemours, Covestro AG, Celanese Corporation, Saudi Basic Industries Corporation, Henkel Ag, KEMET Corporation, The Lubrizol Corporation, Heraeus Holding, Westlake Plastics, Kenner Material & System, RTP Company, and Premix Oy.

Conductive polymers market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:

By Conduction Mechanism

  • Conducting polymer composites
    • ABS
    • Polycarbonates
    • PVC
    • PP
    • Nylon
    • Others
  • Inherently conductive polymers
    • Polyaniline (PANI)
    • Polypyrrole (PPy)
    • Polyphenylene vinylenes (PPV)
    • PEDOT
    • Others

By Application

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

The above information is provided on a regional and country basis for the following:

By Region

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

Frequently Asked Questions (FAQ) :

Conductive polymers industry size was valued at USD 3.97 billion in 2019 and is set to expand at over 6.8% CAGR through 2026.
The conductive polymer composites industry recorded a revenue of over USD 3.09 billion in 2019 and is poised to grow at over 6.3% CAGR through 2026 owing to advantages like lightness, high durability, and high strength.
The antistatic packaging & coatings application is estimated to capture 28% of conductive polymers market share due to its ability to provide product safety along with decreasing the risk of ESD damage.
Europe conductive polymers industry share is anticipated to surpass USD 1.39 billion by 2026 driven by increasing production of photovoltaic cells.

Premium Report Details

  • Published Date: Dec 2020
  • Pages: 300
  • Tables: 327
  • Charts / Figures: 26
  • Companies covered: 15
  • Countries covered: 21

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