Global Conductive Polymer Market Grows Steadily at a CAGR of 8%

Introduction

Conductive polymers, a subclass of intrinsically conductive polymers, can conduct electricity. (ICPs). Conductive polymers have electrical and optical properties that are comparable to those of metals and inorganic semiconductors. It could be made to be permeable, biocompatible, and biodegradable. It is widely used in photovoltaics, batteries, microelectronics, electrochromic displays, and diodes.

Market Dynamics

Increased Interest in Electronic Goods Drives the Global Market

Technology for smartphones has advanced recently. Smartphones have taken the place of many other personal electronic and communication devices. The demand for these smart devices is expected to rise with the introduction of various high-tech features like 3D facial recognition into smartphones at affordable prices, larger touchscreen displays, and higher resolution cameras. In addition, smartphones contain several components, such as supercapacitors, capacitors, printed circuit boards, batteries, and several sensors, such as gyroscopes, accelerometers, proximity sensors, magnetometers, touchscreen sensors, fingerprint sensors, and GPS. The adoption of cutting-edge technologies like virtual reality (VR), augmented reality (AR), the Internet of Things (IoT), and artificial intelligence is predicted to have an impact on the development of the conductive polymer industry.

Regional Analysis

Asia-Pacific is the most significant global conductive polymer market shareholder and is anticipated to grow at a CAGR of 8.30% during the forecast period. The study of the area takes into account China, Japan, South Korea, India, Australia, and the rest of Asia-Pacific. China and India are the two most developing economies in the region because of their explosive growth in sectors like electronics and the auto industry. Actuators, batteries, sensors, and circuit boards for electric vehicles frequently use conductive polymer in their construction. Thus, as these sectors develop, so does the demand for conductive polymer, which drives the market's growth across Asia-Pacific. It is anticipated that the use of conductive polymers in batteries, actuators, and sensors will be encouraged by the growth of the automotive industry in China and India due to new product launches by companies like Volkswagen and regulatory inclination to encourage investments in the automotive sector. In addition, conductive polymers are frequently used to produce organic solar cells. Therefore, the increase in solar cell demand in the entire region is anticipated to stimulate the market for conductive polymers.

North America is anticipated to exhibit a CAGR of 7.5% over the forecast period. One of the most economically potent and technologically advanced countries in the region is the United States. The presence of significant IT and semiconductor manufacturing giants has increased the demand for conductive polymer because of its widespread use in producing electronic circuit boards for manufacturing smartphones, laptops, and televisions. In addition, North America is anticipated to have the largest market for conductive polymers because of the region's robust electronics and semiconductor industries, availability of cutting-edge technology, and R&D facilities. In the US, the electronic industry is expanding. According to the U.S. Congressional Research Service, the U.S. sold roughly USD 209,000.0 million worth of semiconductors globally in 2018, accounting for about half the total. This factor is anticipated to increase demand for conductive polymers in the North American region.

Key Highlights

• The global conductive polymer market was valued at USD 5,841.01 million in 2022. It is estimated to reach USD 11,676.18 million by 2031, growing at a CAGR of 8% during the forecast period (2023–2031).
• Based on type, the global conductive polymer market is bifurcated into polyaniline (PANI), polypyrrole (PPY), polyphenylene vinylenes (PPV), PEDOT, and polyacetylene. The polyaniline (PANI) segment is the highest contributor to the market and is expected to grow at a CAGR of 6.3% over the forecast period.
• Based on the application, the global conductive polymer market is bifurcated into anti-static packaging and coating, photographic film, solar cell, display screen, polymer capacitors, and LED lights. The polymer capacitor segment owns the highest market share and is expected to grow at a CAGR of 9.2% over the forecast period.
• Asia-Pacific is the most significant global conductive polymer market shareholder and is anticipated to grow at a CAGR of 8.30% during the forecast period.

Competitive Players

Competitive Players

The key players in the global conductive polymer market are Abtech Scientific, Agfa-Gevaert Nv (Agfa), American Dyes Inc., Celanese Corporation, Heraeus Holding GmbH, Kemet Corporation, Merck KGaA, Rieke Metals, Sabic, and Solvay SA.

Recent Developments

Market News

• In December 2022, Scientists from Pusan National University introduced an energy-efficient method to improve the thermal conductivity of polymer composites.

Segmentation

Global Conductive Polymer Market: Segmentation

By Type

• Polyaniline (PANI)
• Polypyrrole (PPY)
• Polyphenylene vinylenes (PPV)
• PEDOT
• Polyacetylene

By Applications

• Anti-static Packaging and Coating
• Photographic Film
• Solar Cell
• Display Screen
• Polymer Capacitor
• LED Lights

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA