Conductive polymers are expected to remain one of the lucrative segment of electroactive polymers industry in light of their growing importance for providing excellent electrical conductivity and good corrosion resistance. Acrylonitrile butadiene styrene (ABS), polycarbonate (PC), and polyphenylene polymer resins are the majorly used conductive polymers on account of their excellent mechanical strength and good processability.
Technological advancement for the development of smartphones as well as tablets in light of new product launches by Apple Inc, Samsung and Panasonic is expected to propel the requirement of conductive materials. Furthermore, increasing expenditure for the development of biomimetic products including artificial muscles by healthcare companies in Germany, UK, and Japan is expected to open new market opportunities over the forecast period.
Growing demand for dielectric elastomers including silicone in light of providing excellent properties including high-temperature performance and superior mechanical strength is projected to pose a credible threat to the market. Furthermore, high market visibility of metals and ceramics as conductive materials in construction, automotive and healthcare sectors in light of their low price is expected to have an adverse impact on the market over the next eight years.
Rising importance of automation systems in the manufacturing sectors in light of increasing demand for precision-based components such as automotive parts, electronic consumables, and oil machinery tools is expected to increase the demand for actuators as well as sensors. As a result, the above-mentioned favorable trend towards actuators in manufacturing sector is projected to promote the use of conductive plastics over the forecast period.
Growing awareness towards energy generation through unconventional sources including solar, wind and bioenergy are expected to open new markets for the conductive plastic materials in power storage applications. Furthermore, increasing expenditure towards the development of polymer solar PV is expected to have a positive impact over the next eight years.
Major conductive polymer manufacturers include Covestro, KEMET, Hyperion Catalysis International Inc. Celanese, SABIC, 3M, and Enthone. In June 2014, SABIC along with its partner Cima NanoTech, a Singapore-based firm developed a transparent, nanosilver coated polycarbonate conductive film. The introduction of this new product has led to the expansion of the product portfolio of SABIC, and this is further expected to enable the company in meeting the growing demand from key end-users such as consumer electronics, healthcare, automotive, and building & construction industries over the forecast period.
In-depth report on global conductive polymers market by Grand View Research: