The global conductive polymers market size was 330.7 kilotons in 2015. Rising awareness towards shielding sensitive electronic devices medium from electrostatic discharge (ESD), radio frequency interference (RFI), and electromagnetic interference (EMI) as a result of increasing market size of sensitive electronic devices are expected to have a positive impact on market growth.
Growing importance of electronics devices with reduced sound levels owing to stringent regulations imposed to control noise pollution is anticipated to result in buyers procuring conductive plastics including ABS and PPS in place of conventional metals and ceramics. Rising importance of ionic polymers in electronics industry on account of providing excellent dimensional stability as well as good conducting characteristics is expected to remain a favorable factor for the growth of conductive polymers market.
These materials are electroactive in nature and are used for providing characteristics including good optical property, excellent mechanical flexibility and high thermal stability. ABS, polycarbonates (PC), polyphenylene resin, nylon, polyethylene terephthalate (PPS) and polyvinylidene chloride (PVC) are the majorly used products.
Favorable outlook towards the electronics industry in China, Japan, South Korea and Singapore as a result of new product launches including smartphones by market players such as Samsung and LG is expected to play a crucial role in upscaling the requirement of conductive polymers. In July 2015, the government of India launched the “Digital India Campaign” aimed at ensuring internet connectivity along with upscaling the production output in digital electronics on a domestic level. This initiative is expected to play a significant role in promoting the production of electronic digital goods including smartphones, the web camera, and tablets which are likely to open new opportunities for the conductive polymers market over the next eight years.
Rising importance of lightweight materials in the automotive industry on account of increasing awareness towards improvement in fuel economy is expected to promote the use of ABS and PPS in wiring systems as conducting materials. Furthermore, increasing defense expenditure by governments in the Middle East and North America is expected to boost the production output of military aircraft on a domestic level which is supposed to promote the usage of these materials over the forecast period.
Increasing prices of raw materials including acrylonitrile, bisphenol A, propylene and styrene in light of reduced inventory levels is expected to have an adverse impact on the market. Furthermore, rising demand for piezoceramics in electronics is projected to pose a credible threat to the conductive polymers market.
ICP are majorly available in the forms of polyacetylene, polythiophene, and polypyrrole. These products are used for manufacturing flat panel displays, lighting objects, PV cells and bioelectronics on account of being lightweight with excellent corrosive characteristics. The product is expected to witness the fastest volume growth at a CAGR of 10% from 2016 to 2024.
ABS was the most widely used product accounting for 35.2% of the global volume in 2015, and the trend is expected to continue on account of its superior properties including high impact strength and excellent durability at the wide range of temperature. ABS is used in numerous electronic applications including IC chip carriers, IC tray & tray dividers, and tote boxes. Moreover, ABS has excellent surface properties which are a combination of toughness, high temperature resistance and strength. This allows it to be used in automotive and aerospace applications. In the electronics industry manufacturers need surfaces which can be easily maintained, wear and scratch resistant and can be easily decorated. All theses factors are expected to drive the demand for ABS during the forecast period.
Demand for PPP-based resins was 62.2 kilo tons in 2015 and is projected to foresee growth owing to its increasing use for manufacturing under-the-hood vehicle components with excellent chemical resistance and good high temperature.
Increasing expenditure towards the development of organic PV by solar energy companies including BP Solar owing to the ability of the technology to generate energy at low manufacturing cost as compared to conventional solar power producing techniques. This development is expected to result in promoting the usage of conductive polymers as an absorption medium of solar radiation. Solar energy is expected to witness volume growth at a CAGR of 10.0% from 2016 to 2024.
Actuators & sensors accounted for the 29.8% of the global volume in 2015. Rising demand for electrochemical actuators on account of being highly compatible with sophisticated semiconductor devices is expected to increase the requirement for these materials. The market is expected to witness significant growth owing to increasing penetration of conductive polymer materials in manufacturing of electrochemical actuators and various sensors.
Asia Pacific is projected to witness the fastest growth at a 9.7% CAGR from 2016 to 2024, in terms of volume. The increase of the automotive industry in China and India as a result of new product launches by companies including Volkswagen coupled with regulatory inclination to promote investments in the sector is expected to encourage the usage of conductive plastic materials in engine boxes and wire hose.
North America held a 44.9% of the global volume market share in 2015. The high adoption rate of electroactive polymers in electronics, solar energy, healthcare and automotive industries in light of the immense potential of R&D infrastructure in the U.S. and Canada is expected to have a positive impact on conductive polymers market.
High prevalence of manufacturing energy storage devices including solar cells and battery operated systems in major markets including the U.S. and Canada is expected to have a positive impact. Furthermore, improving automotive sector in the U.S. as a result of new product launches by Volkswagen is expected to increase the usage of conductive polymers in the form of wire harness and engine systems.
The conductive polymers market is highly fragmented and consists of a large number of suppliers as well as buyers who belong to various industries including electronics, automotive, marine, information technology, aerospace, and defense. The rising importance of electronics devices with reduced noise levels owing to new product launches by companies such as Panasonic, Sony, Thomson, and Samsung are expected to play an important role in increasing the penetration of conductive polymers.
Key industry participants include 3M, Heraeus Group, Solvay SA, SABIC, KEMET, Covestro, and Celanese, and Hyperion Catalyst International. Heavy reliance on crude oil prices is expected to remain a challenging factor for manufacturers. Improvement in electronics sectors of China, Japan, and South Korea is projected to force industry participants to establish their production units in the vicinity.
Base year for estimation
Actual estimates/Historical data
2013 – 2015
2016 - 2024
Revenue in USD million, Volume in kilo tons, and CAGR from 2019 to 2025
North America, Europe, Asia Pacific, MEA and Central & South America
U.S., Canada, Mexico, Germany, Frace, UK, China, Japan, South Korea, India, and Brazil
Revenue forecast, company share, competitive landscape, and growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)
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This report forecasts revenue and revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global conductive polymers market on the basis of product, application, and region.
Product Outlook (Volume in kilotons; Revenue, USD Million, 2013 - 2024)
Polyphenylene-polymer (PPP) based resins
Inherently conductive polymers (ICP)
Application Outlook (Volume in kilotons; Revenue, USD Million, 2013 - 2024)
Actuators & sensors
Regional Outlook (Volume in kilotons; Revenue, USD Million, 2013 - 2024)
Middle East & Africa
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