The global electroactive polymers market is
expected to reach USD 6.38 billion by 2022, according to a new report by Grand
View Research, Inc. Growing importance of electroactive materials owing to
their lightweight, good dielectric and piezoelectric properties is expected
drive the market over the forecast period. Increasing use of electrostatic
polymers in solar cells for reducing voltage consumption and managing the
required voltage outflow is expected to favorably impact the industry in
future.
Inherently Conductive
Polymers (ICPs) accounted for over 10% of the global volume in 2014 and are
expected to witness the fastest growth over the forecast period. Rising
importance of ICP for manufacturing Organic Light Emitting Diodes (OLEDs) on
account of providing electrical conductivity and optical clarity is expected to
have a positive impact on the market.
Increasing use of
dispersed form of poly(3,4-ethylenedioxythiophene) (PEDOT) and Polystyrene
Sulfonates (PSS) as hole injecting material for R&D of OLED is likely to
open new avenues for ICP.
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Research :
Further key findings from the report suggest:
·
Global electroactive polymers market size
was 234.7 kilo tons in 2014 and is expected to grow at a CAGR of 9.7% from 2015
to 2022
·
Electroactive polymers demand in actuators
was over 40 kilo tons in 2014 and is expected to witness growth on account of
increasing application of later in hydraulic systems and fuel engines
·
Europe accounted for over 20% of the global
volume in 2014. Rising expenditure for incorporation of nanotechnology along
with deployment of lightweight materials in electronics and automotive
industries of Germany and France is expected to have a positive impact.
·
Growing concerns regarding Green House Gas
(GHG) emissions emitted during chemical processes have forced key market
players, including Bayer, to focus on the development of bio-based polymers.
Shifting preference towards bio-polymers from synthetically derived chemicals
is expected to ensure the raw material access to manufacturers over the next
seven years.
·
Bayer AG, 3M, Parker-Hannifin Corporation,
RTP Co., Piezotech SA, The Lubrizol Corporation, Kenner Material & System
Co., Ltd., Celanese Corporation, and Agfa-Gevaert NV are some of the key
manufacturers present within the global market. In June 2014, Parker-Hannifin
announced development of smart sensors and actuators through the deployment of
electroactive polymer technology.
·
Increasing application of electronic
products such as actuators, sensors as well as ESD and EMI compounds in
emerging markets of China and India is expected to force buyers to opt for
backward integration to ensure the continuous product supply for their captive
production.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global electroactive polymers market on the basis of product,
application, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
·
Conductive polymers
·
Inherently Dissipative Polymers (IDP)
·
Inherently Conductive Polymers (ICP)
·
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
·
Actuators
·
Sensors
·
Drainage systems
·
ESD and EMI protection
·
Antistatic packaging
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2022)
·
North America
o The U.S.
·
Europe
o Germany
·
Latin America
o Brazil
·
Asia Pacific
o Japan
o China
·
MEA
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-electroactive-polymers-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
For More Information: www.grandviewresearch.com
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