With the presence of a large pool of participants, the global conductive polymers market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Enthone Ltd., Hyperrion Catalysis International Inc., Eeonyx Inc., Polyone Corporation., 3M Company, and BASF Incorporation are some of the key vendors of conductive polymers across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the conductive polymers market study.
For instance, in March 2018, a team of researchers at Purdue University displayed the highest recorded conductivity for an organic polymer till date.
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As estimated in this report, the global conductive polymers market stood at US$ 3,980 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2025, the revenue in this conductive polymers market is expected to reach US$ 7,210 million by the end of the forecast period. The main types available in this conductive polymers market are electrically conductive and thermally conductive polymers. Among the two, the demand for thermally conductive polymers is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Humungous Demand Across Myriad Sectors To Impel Product Sales
“Meteoric demand for smart materials, display devices, and lightweight electronic parts is anticipated to spur the growth of conductive polymers market over the years to come,” says the author of this conductive polymers market study. Apart from this, escalating product use in biomaterials, aerospace, healthcare, and automotive sectors will further stimulate the demand for conductive polymers market in the ensuing years.
Low conductivity features of the product as compared to metals and declining indium tin oxide costs along with preference of manufacturers towards use of metal-based materials, however, will obstruct the growth of conductive polymers market in the near future.
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Massive Consumer Electronics Goods Demand To Aid APAC’s Regional Dominance
Regionally, Asia Pacific has been leading the worldwide conductive polymers market and is anticipated to continue on the dominant position in the years to come, states the conductive polymers market study. Rise in the disposable income of the consumers, surging upper-middle class population base, and rapidly emerging consumer electronics goods sector is the main factor behind the dominance of the Asia Pacific conductive polymers market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting the growth of this regional conductive polymers market. For the record, countries such as India, China, Indonesia, and Thailand are the key revenue pockets and contenders of regional growth.
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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