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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 Trends, Competitive Landscape & Forecast, 2023 – 2032

  • Report ID: GMI4205
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Conductive Polymers Market size was valued at over USD 3.5 billion in 2022 and is poised to grow significantly at more than 8% CAGR from 2023 to 2032 owing to the proliferating semiconductor and electronics industries.
 

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Lightweight components find extensive usage in the aerospace and automotive sectors. These components are covered with lightweight conductive polymers that are also used for heat dissipation, which is fueling product penetration in varied industries. In addition, the surging inclination towards renewable energy resources is expected to propel product penetration. For instance, solar energy is widely adopted in nations such as the United States, where there is a massive need for solar cells due to their high charge transfer and electrocatalytic properties. Rising investments and R&D projects involving the use of conductive polymers in solar batteries, anti-static packaging, and coating applications are projected to impel industry expansion.
 

Limited penetration of product technology in emerging economies may hinder industry progression

While conductive polymers are gaining popularity across sectors for a variety of applications, developing nations continue to lack knowledge and awareness about the product's benefits. Furthermore, the high cost of conductive polymers limits their demand in emerging economies, such as India, China, and other South Asian countries. However, rising vehicle demand and an expanding electronics market in Asian nations are expected to encourage manufacturers to innovate production technologies to lower prices and extend the use of conductive polymers across the automotive industry.
 

Eco-friendly disposability to foster conducting polymer composites segment demand

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Conductive polymers market is segmented as per conduction mechanism into inherently conductive polymers (ICPs) and conducting polymer composites. The conducting polymer composites segment is estimated to grow at over 7.5% through 2032. Rising demand for conducting polymer composites from end-use applications, such as plastic batteries, solid state sensors, EMI/ESD, and micromotor transducers, owing to benefits viz., ease of manufacturing and environmental friendliness.
 

Increasing use across the automotive sector to boost polycarbonate segment expansion

Conducting polymer composites segment is further categorized into ABS, polycarbonate, nylon, PP, PVC, and others. The conductive polymers market share from the polycarbonate (PC) segment is projected to amass over USD 1.5 billion in revenue by 2032. Over the past three decades, the use of polycarbonates for automotive applications has grown exponentially, particularly as a weight-saving alternative to metal and glass. Manufacturers are improving vehicle designs to boost speed using polycarbonate materials notably for windows and windscreens, which is speculated to spur segment uptake.
 

Prominent R&D efforts to bolster product deployment in electroluminescence applications

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Based on application, conductive polymers market is categorized into anti-static packaging & coating, capacitors, batteries, electroluminescence, solar cells, actuators & sensors, printed circuit board, and others. The electroluminescence segment was valued at more than USD 120 million in 2022. Prominent R&D in the utilization of polymers in electroluminescence, along with rising electroluminescence usage in the automotive, construction, and architectural industries, are some key factors driving the demand for conductive polymers in electroluminescence.
 

Expanding electronics industry to complement Asia Pacific market revenue growth

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Asia Pacific conductive polymers market is forecast to depict over 9% CAGR from 2023 to 2032 owing to the widespread use of conductive polymers, coupled with the expanding electronics industry across APAC nations. Notable government-sponsored R&D programs to promote the use of conductive polymers in numerous sectors are anticipated to accelerate regional market expansion throughout the study timeframe.
 

Strategic acquisitions to define the competitive landscape

Major enterprises operating in the conductive polymers market are 3M Company, Celanese Corporation, Agfa Gevaert N.V., Covestro AG, DuPont de Nemours, Inc., Saudi Basic Industries Corporation (SABIC), Henkel Ag & Co. KGaA, Avient Corporation, and others. By implementing various strategies, including product innovation, partnerships, acquisitions, and investments in cutting-edge technology, these businesses are enhancing their standing in the industry.
 

Impact of COVID-19 on the conductive polymers market trends

The emergence of COVID-19 had a severe effect on virtually all industrial sectors, including the automotive industry. All manufacturing and business operations were halted as a result of lockdowns enforced by the governments of several countries. Moreover, nationwide lockdowns hindered both production and supply chains, impacting the overall economy. This had an unfavorable influence on the production of conductive polymers. However, with declining infection rates and the resumption of operations, the conductive polymers industry is regaining its pre-COVID momentum.
 

The 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 2018 to 2032 for the following segments:

By Conduction Mechanism

  • Conducting Polymer Composites
    • ABS
    • Polycarbonates
    • PVC
    • PP
    • Nylon
    • Others
  • Inherently conductive polymers (ICPs)
    • 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

By Region

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

 

Authors: Kiran Pulidindi, Ankita Bhutani

Frequently Asked Questions (FAQ) :

Global market size for conductive polymers was valued at over USD 3.5 billion in 2022 and is anticipated to grow rapidly at over 8% CAGR from 2023 to 2032 due to the rising usage of lightweight components across industrial sectors and proliferating semiconductor and electronics industries.
Electroluminescence segment was valued at over USD 120 million in 2022 due to the growing R&D and increasing electroluminescence usage in the automotive, construction, and architectural industries.
Asia Pacific conductive polymers market is projected to grow at over 9% CAGR through 2032 driven by the widespread application of conductive polymers in the expanding electronics industry of the region.
3M Company, Celanese Corporation, Agfa Gevaert N.V., Covestro AG, DuPont de Nemours, Inc., Saudi Basic Industries Corporation (SABIC), Henkel Ag & Co. KGaA, Avient Corporation, are some leading enterprises operating in the industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 339
  • Countries covered: 21
  • Pages: 291
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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