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.
Full
Research Report on Global Electroactive Polymers Market Analysis:
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.
View more
reports of this category by Grand View Research at: 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
- The U.S.
- Europe
- Germany
- Latin
America
- Brazil
- Asia
Pacific
- Japan
- China
- MEA
View press
release of this research report by Grand View Research:
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