Conductive Polymers Global Market Report 2024

The global conductive polymers market has grown strongly in recent years. It will grow from $4.93 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to the discovery of conductive polymer properties, the development of polymer blends and composites, advancements in material science, and the application in electronic devices. Additionally, the environmental and cost advantages associated with conductive polymers contributed to their historical growth.

The global conductive polymers market is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to the expansion of automotive electronics, a focus on sustainability and environmental impact, growth in energy storage solutions, the expansion of the photovoltaic industry, and the rise in electronic and electrical applications. Major trends in the forecast period include innovations in electric vehicle technology, enhanced sustainability and eco-friendly solutions, advancements in energy storage solutions, the rise in smart textiles and wearables, and the emergence of 3D printing technology.

Anticipated growth in the conductive polymers market is closely tied to the increasing demand for consumer electronics. This sector, comprising electronic devices used by end-users for personal applications, has witnessed notable expansion. In April 2021, gfu Consumer and Home Electronics GmbH reported a sales figure of 31.2 billion Euros for the consumer electronics segment in 2021, reflecting a 2.5% increase from 2020. Particularly, the IT goods segment for private use experienced positive growth, surging by 3.1% to 8.5 billion euros. Conductive polymers, integral to various electronic devices, are expected to play a pivotal role in meeting the escalating demand within the consumer electronics market.

The conductive polymers market is poised for growth, propelled by the increasing concerns surrounding maritime security threats. These threats, involving breaches of vessel security, necessitate advanced sensing technologies for effective detection and response. Conductive polymers play a crucial role in enhancing these sensing technologies, providing a robust mechanism against potential threats. The International Maritime Organization's 2023 report highlighted a rise in piracy and armed robbery incidents in the Straits of Malacca and Singapore. The incidents increased to 72 in 2022, emphasizing the need for innovative solutions in maritime security, thereby driving the growth of the conductive polymers market.

The conductive polymers market is witnessing a notable trend driven by technological advancements. Key players in the market are investing in innovative technologies like Electro-Rite Polymer Technology. In July 2021, Lubrizol, a US-based chemicals company, introduced Electro-Rite Polymers, a technology aimed at enhancing the functionality of electrodes, separators, and electrolyte components. This cutting-edge polymer technology has the potential to improve the formulation of binder slurries, facilitate the development of superior anodes and separators, and introduce innovative priming capabilities. These advancements underscore the commitment to elevating the performance of diverse battery components through advanced material solutions.

in the conductive polymers market are strategically introducing innovative capacitors to address specific applications. Chip-type conductive polymer electrolytic capacitors, designed for compact circuit applications, are gaining prominence. In July 2023, Nichicon Corporation, a Japan-based capacitor manufacturer, launched the PCW Series of Conductive Polymer Aluminum Capacitors for High-Temperature Ripple Current Applications. This series, designed with a guaranteed ripple current capacity at 125°C, caters to the automotive and telecommunications sectors. Offering low ESR and reduced self-heating, the PCW Series stands out as the industry's first chip-type lineup with guaranteed ripple current, showcasing the enhanced stability and durability afforded by conductive polymers in high-temperature environments.

In a significant move, Encres DUBUIT, a France-based screen-printing company, acquired POLY-INK Inc. in January 2022. This strategic acquisition enhances Encres DUBUIT's electronics portfolio by incorporating focused touch panel capabilities. POLY-INK Inc., based in the US, contributes to the conductive polymer market, making this acquisition a valuable step in strengthening Encres DUBUIT's position in the evolving landscape of conductive polymers.

Major companies operating in the conductive polymers market report are The Lubrizol Corporation, Minnesota Mining and Manufacturing Company, Covestro AG, Celanese Corporation, Saudi Basic Industries Corporation, Henkel AG & Co. KGaA, Merck KGaA, Kemet Corporation, Eeonyx Corporation, Rieke Metals LLC, Agfa-Gevaert N.V., Hyperion Catalysis International, MacDermid Inc., PolyOne Corporation, Heraeeus Holding GmbH, ABTECH Scientific Inc., PolyIC GmbH & Co. KG, RTP Company, Polylink Polymers Limited, H.C. Starck, Haydale Graphene Industries PLC, Parker Hannifin Corporation, Nitto Denko Corporation, Novasentis Inc., Sun Chemical Corporation, Westlake Chemical Corporation, Premix Oy, Nanoramic Laboratories, Cabot Microelectronics Corporation, Conductive Technologies Inc., Entekno Materials, AGC Chemicals Americas Inc.

North America was the largest region in the conductive polymers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conductive polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the conductive polymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of conductive polymers include polyaniline, polypyrrole, polyphenylene vinylene, Poly(3,4-ethylenedioxythiophene) (PEDOT), and polyacetylene. Polyaniline, a natural semiconductor, is created by chemically or electrochemically oxidizing aniline in an acidic solution. It offers advantages such as electrical, optical, and thermal properties. The conduction mechanisms encompass conducting polymer composites and inherently conductive polymers. These polymers find applications in anti-static packaging and coatings, photographic film, solar cells, display screens, polymer capacitors, and LED lights.

This report provides conductive polymers market statistics, including conductive polymers industry global market size, regional shares, competitors with a conductive polymers market share, detailed conductive polymers market segments, market trends, and opportunities, and any further data you may need to thrive in the conductive polymers industry. This conductive polymer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The conductive polymers market consists of sales of polythiophene, polyfuran, and poly(para-phenylene). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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