Electroactive Polymers Market Worth $6.38 Billion By 2022

February 2016 | Report Format: Electronic (PDF)

The global electroactive polymers market is expected to reach USD 6.38 billion by 2022, according to a new report by Grand View Research, Inc. Growing importance of electroactive materials owing to their lightweight, good dielectric and piezoelectric properties is expected drive the market over the forecast period. Increasing use of electrostatic polymers in solar cells for reducing voltage consumption and managing the required voltage outflow is expected to favorably impact the industry in future.

Inherently Conductive Polymers (ICPs) accounted for over 10% of the global volume in 2014 and are expected to witness the fastest growth over the forecast period. Rising importance of ICP for manufacturing Organic Light Emitting Diodes (OLEDs) on account of providing electrical conductivity and optical clarity is expected to have a positive impact on the market.

Increasing use of dispersed form of poly(3,4-ethylenedioxythiophene) (PEDOT) and Polystyrene Sulfonates (PSS) as hole injecting material for R&D of OLED is likely to open new avenues for ICP.

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/electroactive-polymers-market

Further key findings from the report suggest:

  • Global electroactive polymers market size was 234.7 kilo tons in 2014 and is expected to grow at a CAGR of 9.7% from 2015 to 2022

  • Electroactive polymers demand in actuators was over 40 kilo tons in 2014 and is expected to witness growth on account of increasing application of later in hydraulic systems and fuel engines

  • Europe accounted for over 20% of the global volume in 2014. Rising expenditure for incorporation of nanotechnology along with deployment of lightweight materials in electronics and automotive industries of Germany and France is expected to have a positive impact.

  • Growing concerns regarding Green House Gas (GHG) emissions emitted during chemical processes have forced key market players, including Bayer, to focus on the development of bio-based polymers. Shifting preference towards bio-polymers from synthetically derived chemicals is expected to ensure the raw material access to manufacturers over the next seven years.

  • Bayer AG, 3M, Parker-Hannifin Corporation, RTP Co., Piezotech SA, The Lubrizol Corporation, Kenner Material & System Co., Ltd., Celanese Corporation, and Agfa-Gevaert NV are some of the key manufacturers present within the global market. In June 2014, Parker-Hannifin announced development of smart sensors and actuators through the deployment of electroactive polymer technology.

  • Increasing application of electronic products such as actuators, sensors as well as ESD and EMI compounds in emerging markets of China and India is expected to force buyers to opt for backward integration to ensure the continuous product supply for their captive production.

Grand View Research has segmented the global electroactive polymers market on the basis of product, application, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • Conductive polymers

  • Inherently Dissipative Polymers (IDP)

  • Inherently Conductive Polymers (ICP)

  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • Actuators

  • Sensors

  • Drainage systems

  • ESD and EMI protection

  • Antistatic packaging

  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • North America

    • The U.S.

  • Europe

    • Germany

  • Latin America

    • Brazil

  • Asia Pacific

    • Japan

    • China

  • MEA
Request Sample
Request for Customization

Choose License Type

Single User - $3,450
Multi User - $4,450
Library Access - $8,450

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA