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Conductive Polymers Market to exceed $5.76 billion by 2027

  • Published Date: June 30, 2021

According to a new research report by Global Market Insights Inc., the Conductive Polymers Market size is estimated to surpass USD 5.76 billion by 2027. The proliferating usage of conductive polymers in the automotive sector to primarily lower the overall weight of a vehicle and enhance vehicle efficacy is expected to showcase considerable growth.

Stringent vehicle emission norms adopted by several economies across the globe along with surging vehicle sales will drive the market growth. The development of new products along with R&D investments by several research universities and manufacturers in this sector will support the conductive polymers market expansion over the projected time frame.

Stringent vehicle emission norms and the development of polymers for biomedical usage are future trends

Significant efforts and targets set by several regional governments to lower CO2 emission from the transport sector and the growing usage of conductive polymers, such as ABS, in automobile cables and wires will drive the conductive polymers market growth. For instance, the European Union has set a goal to lower CO2 emission in the transport sector by around 60% by 2050 compared to 1990 levels. Furthermore, standards such as the SAE J1645 standard that address electrostatic discharge in fuel systems & components are forcing the automotive sector to use conductive materials in new vehicles.

For instance, the fuel filter housing of Audi A4 and A5 sedans utilizes conductive materials to comply with the SAE standards. The materials enable end-users to address issues including the weight of metal components, static discharge damage, integration of technology along with size reduction, and cost. The materials also offer high standards of design, improved aesthetics, and higher safety functions. .Additionally, innovation in the usage of conductive polymers in biomedical and tissue engineering applications will provide a lucrative opportunity over the study timeframe.

Conductive polymers are used in the packaging, automotive, electrical & electronics, and healthcare industries due to their thermal and electrical conductivity properties. Its characteristics to provide protection from Electromagnetic Interference (EMI) and Radio Frequency Interference (RFI) and has made it highly popular across shielding applications. Additionally, the demand for polymers will rise owing to increasing applications in the textile industry, which is witnessing strong growth during the forecast period.

Browse key industry insights spread across 292 pages with 311 market data tables & 32 figures & charts from the report, “Conductive Polymers Market 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 Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

Inherently conductive polymers mechanism is expected to showcase around 7.7% CAGR by 2027. The demand for these polymers is primarily driven by a distinctive combination of dimensional stability, processability, and conductivity along with mechanical & optical properties. The product demand will grow in the near future owing to a positive outlook of the electrical & electronics industry, the proliferation of sensitive electronic devices, and the need to shield Electrostatic Discharge (ESD). Additionally, conductive polymers are also used to protect electrical devices from Electromagnetic and Radio Frequency Interference (EMI/RFI).

Growing usage of renewable energy will drive market expansion

The solar cells application segment generated around USD 214 million revenue in 2020. Increasing awareness of renewable energy and ongoing advancements in solar cell technology are rising the demand for polymers. Organic solar cells, dye-sensitized solar cells, and perovskite solar cells are emerging as promising photovoltaic technologies. Polymers can be used to adjust the device components and structures of these solar cells due to their diversified properties. They can also be used as whole transfer materials, electron transfer materials, and interface layers. A growing focus on environmental sustainability and decreasing costs will accelerate the adoption of solar cells in the future.

The Europe will witness substantial demand and is expected to generate around USD 1.55 billion in revenue by 2027. Increasing photovoltaic production is among the key factors boosting product growth in the region. Growing awareness of climatic changes, energy security & energy access, and health effects of air pollution coupled with volatile oil prices in recent decades have led to a rising requirement for the development and use of alternative low-carbon technology options.

Some of the key players in the global conductive polymers industry are 3M, Covestro AG, PolyOne Corporation, Celanese Corporation, and others. Mergers & acquisitions, the expansion of distribution networks, and strategic partnerships with several end-user industries for product development are among key strategies adopted by players to enhance their competitiveness in the conductive polymers market.

Authors: Kiran Pulidindi, Sayan Mukherjee