Piezoelectric Polymers Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3559
Piezoelectric Polymers Market is likely to witness an upsurge in its growth path in the coming years due to developments in the electronics industry. Piezoelectricity is a property in certain materials, which expand or contract in an electrical field or can generate an electrical charge when pressure is applied. This characteristic in polymer comes from the robust molecular dipoles within the molecular chain and from resulting change of dipole density upon application of a mechanical stimulus.
Progress in the global electronics industry will augment the piezoelectric polymers market during the forecast period. The global electronics industry is likely to grow at a rate of 4% in the forecast timeframe. The consumer electronics segment has experienced a rapid growth and generated a revenue of over USD 295 billion in 2018. Out of this, China generated a revenue of USD 115.5 billion. The revenue is likely to growth at a pace of 8.4% in the coming years, which drive the product demand as it is majorly used in generators, actuators, sensors, etc.
Rising demand for energy sector will also escalate the demand in the piezoelectric polymers market, as the product is used in seismic sensors, for pipeline detection, water metering and solar panels. Other industries such as health, aerospace, defense, consumer goods, construction, etc also use the product in their manufacturing process and growth in these industries will subsequently boost piezoelectric polymers market by 2025.
Polyvinylidene fluoride (PVDF), POLY (vinylidene fluoride-trifluoroethylene and tetrafluoroethylene) copolymers P(VDF-TrFE), and others are the various product types in the piezoelectric market. Others include product like polyamides, liquid crystalline polymers, polyureas, biopolymers, polyvinyl chloride (PVC), polyacrylonitrile (PAN), nitrile-substituted polyimide, etc. Polyvinylidene fluoride (PVDF) and P(VDF-TrFE) occupies a significant share in the piezoelectric polymers market due to their unique features. The structural symmetry of the fluorine and hydrogen atoms along the polymer chain of PVDF gives rise to excellent polarity effects that stimulates the electromechanical response, dielectric properties, solubility, crystal morphology, and yield an exceptional high dielectric constant. Poly (vinylidene fluoride-trifluoroethylene and tetrafluoroethylene) copolymers also display significant piezoelectric effects.
On the basis of application, the piezoelectric polymers market is segmented into actuators, sensors, motors, acoustic devices, generators, transducers, and others. Sensor is an important application segment in the piezoelectric polymers market which use a substantial amount of this product. The product is very sensitive to temperature change. For instance, fingerprint readers are developed in a way that it is able to sense the temperature differential between the ridges of the fingerprint. Other characteristics like membrane forming properties, low permittivity, good chemical resistance, low acoustic impedances, high thermal stability, and flexibility makes the product a best fit for making sensors. This product is used for a variety of purposes like perimeter monitoring, audio speakers, asset tracking, vital signs monitoring, voice amplifications, energy harvesting, acoustic emission, etc. Usage of the product in various industries would further augment the piezoelectric polymers market.
Asia Pacific is a fast-growing region with a significant share in the piezoelectric polymers market. This growth is attributed towards the rising demand for consumer electronics in this region. Moreover, improving living standards of the consumers, rising population, and industrialization in the developing nations is most likely to escalate the demand for the product. Rising demand from countries like China, India, and Japan would significantly boost the growth of piezoelectric polymers market in the coming years. Surging demand for renewables would be a significant driver in the piezoelectric polymers market as the product is increasingly being used for making photovoltaic cells. These cells are gaining prominence in the region as they are able to generate electricity from the mechanical vibrations caused by wind, tide, or rain.
Some of the key market participants in the global piezoelectric polymers market includes Solvay S.A., Arkema, Kureha Corporation, Toray Industries Inc., Polyk Technologies etc.
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