Conductive Polymers Market Analysis

Conductive Polymers Market Analysis

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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.
 

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.
 

 

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.
 

 

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.