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According to the new market research report “Electroactive Polymer Market by Type (Conductive Plastic, Inherently Conductive Polymer, Inherently Dissipative Polymer), Application (ESD Protection, EMI Shielding, Actuators, Capacitors, Batteries, Sensors), and Region – Global Forecast to 2022″, The electroactive polymers market is estimated at USD 3.51 in 2017, and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. The growth of the electroactive polymers market can be attributed to the increasing demand from the ESD protection, EMI shielding, and actuator applications across the globe.
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Based on type, the electroactive polymers market has been segmented into conductive plastics, Inherently Conductive Polymers (ICPs), inherently dissipative polymers. Among types, the conductive plastics segment accounted for the largest share of the electroactive polymers market in 2016. The inherently conductive polymers segment is projected to grow at the highest CAGR during the forecast period. Presently, ICPs are undergoing extensive R&D activities as these are expected to have potential applications in the fields of robotics, energy harvesting, coatings, medicals, and smart fabrics. ICPs exhibit excellent optical and electrical properties, high transparency, high environmental stability, low cost, and high process ability in comparison to other EAPs.
Thus, an increase in the demand for the ICP segment is expected to drive the electroactive polymers market around the globe.
The Electrostatic Discharge (ESD) protection application accounted for the largest share of the electroactive polymers market in 2016. Electroactive polymers are used in various applications, ranging from sensors and actuators for electronic appliances to artificial muscles and motion generating devices. These are steadily replacing traditional polymers as well as metals owing to the unique electrically conductive characteristics. ESD and EMI are the major applications of electroactive polymers. Other applications of electroactive polymers include capacitors, sensors, actuators, batteries, and others. Increased demand from ESD protection, EMI shielding, and actuator applications is expected to supplement the growth of electroactive polymers during the forecast period.
Browse and in-depth TOC on “Electroactive Polymer Market – Global Forecast to 2022”
78 – Tables
35 – Figures
134 – Pages
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The electroactive polymers market is estimated at USD 3.51 Billion in 2017 and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% between 2017 and 2022. Mergers & acquisitions and new product launches are the key strategies adopted by the major players to strengthen their footholds in the electroactive polymers market. The Asia Pacific region, followed by the North American and European regions witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017
The key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others.
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Parker Hannifin (US) is one of the leading manufacturers of electroactive polymer based sensors and actuators. The company has been focusing on new product launches to maintain its leading position in the electroactive polymers market. For instance, in June 2016, the company launched the SensoNODE High-Strain sensor highlighting EAP technology. SensoNODE High-Strain is prepared with a stretchable polymer which can take precise interpretations and readings for a long period of service life.
Solvay (Belgium), and Merck (Germany) are other major players in the electroactive polymers market. For instance, in January 2016, Solvay completed acquisition of the Ryton PPS (Polyphenylene Sulphide) business from Chevron Phillips Chemical Limited (US). Solvay has bought 2 Ryton PPS resin manufacturing units in Borger, Texas. The acquisition is a part of Solvay’s strategic development into a more specialized solution provider.
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Research Insights: https://www.marketsandmarkets.com/ResearchInsight/electroactive-polymers-advanced-technologies-and-global-market.asp
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