The conductive polymer market is anticipated to grow at a CAGR of over 7% during the forecast period. Conductive polymers are used in a number of applications including fabrication of the electronic device, rechargeable batteries, solar energy conversion, sensors, and many more. The significant rise in the global production of polymers has been witnessed owing to its emerging demand from various end-user industries such as the automotive and construction industry. This is anticipated to significantly contribute to the growth of the conductive polymer market. 

In addition to this, the shift from conventional materials, such as glass and metals to conductive polymers materials owing to its electronic and optic properties will contribute to the increasing adoption of polymers in various industries. However, the inability to degrade the conductive polymer is limiting its applications. This in turn will restrict the growth of the conductive polymer during the forecast period. 

Segmental Outlook 

The global conductive polymer market is segmented based on the type and application. Based on the type, the market is sub-segmented into inherently conductive polymers, inherently dissipative polymers, and others. Inherently conductive polymers are majorly available in the forms of polythiophene, polyacetylene, and polypyrrole. These are used to manufacture lighting objects, flat panel displays, PV cells, and bioelectronics owing to its excellent corrosive characteristics. Based on the application, the market is sub-segmented into capacitors, batteries, actuators & sensors, and others.

Global Conductive Polymer Market Share by Application, 2020 (%)

Batteries Segment to Exhibit Considerable Growth During the Forecast Period

The batteries segment is anticipated to grow with considerable CAGR in the conductive polymer market owing to the increasing application in the electronics & electrochemical. Additionally, the conductive polymers are used widely in devices that require comparatively low weight and flexibility. The polymer batteries have been used widely in radio-controlled cars, mobile phones, and tablet computers even though the conductive polymer batteries are expensive than conventional batteries. Hence, the application of conductive batteries in modern equipment will drive the batteries segment in the conductive polymer market.

Regional Outlooks

The global conductive polymer market is further segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to hold a prominent market share in the conductive polymer market during the forecast period. The growth of the market in the region is owing to the adoption of electroactive polymers in well-developed industries such as electronics, solar energy, healthcare, and automotive industries. Additionally, the high R&D potential coupled with the presence of key industry players will significantly impact the growth of the conductive polymer across the region.

Global Conductive Polymer Market Growth by Region, 2020-2026

Asia-Pacific will Augment with the Fastest Growth Rate in the Conductive Polymer Market

Asia-Pacific is anticipated to exhibit a considerable growth rate in the conductive polymer market owing to the significant production of polymers in countries such as China and India. Additionally, a significant rise in the application industry is further contributing to the increasing demand for conductive polymer across the region. Moreover, the new product launches by the key players as well as application industries will also drive the growth of the conductive polymer market. Besides, the use of lightweight materials in the transportation sector is promoted across the region to reduce the dependency on crude oil imports. This is anticipated to impact the growth of the conductive polymer market across the Asia-Pacific region.

Market Players Outlook

Some of the key players of the conductive polymer market include Covestro AG, KEMET Corp., Celanese Corp., 3M Co., SABIC, Kenner Material & System Co., Ltd., The Lubrizol Corp., PolyOne Corp., Westlake Plastics Co., BASF SE, and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, mergers, and acquisitions, collaborations, and new product launches to stay competitive in the market.

For instance, in February 2018, PolyOne announced that it has partnered with Integral Technologies Inc. and its wholly-owned subsidiary ElectriPlast Corp. for commercializing its patented, long fiber conductive ElectriPlast material. This highly engineered, filled thermoplastic polymer replaces metal in electromagnetic and radio-frequency (EMI/RFI) shielding applications at up to 60% lighter weight. ElectriPlast Corp. is a technology innovator in conductive plastics with a broad intellectual property portfolio and deep application development expertise.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global conductive polymer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.