Conductive Polymer Market Report
RA00403
Conductive Polymer Market, by Type (Polyaniline (PANI), Polypyrrole (PPY), Polyphenylene Vinylene (PPV), Poly(3,4-ethylenedioxythiophene) (PEDOT), Polyacetylene, Others), Application (Anti-Static Packaging and Coating, Photographic Film, Solar Cell, Display Screen, Polymer Capacitor, LED Lights, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027
According to a new study conducted by Research Dive, the global conductive polymer market forecast will surpass $7,118.5 million by 2027, at a CAGR of 7.7%, increasing from $4,842.8 million in 2019. The global market is commended by North America region; it accounted for $1,592.8 million in 2019 and is projected to reach up to $2,277.9 million by 2027.
COVID-19 Impact on Global Conductive Polymer Market:
The novel coronavirus emergency has had an undesirable impact on the global conductive polymer market growth in 2020. This is owing to the lockdown of various end use industrial activities such as automotive, consumer electronics, and others. For instance, COVID-19 has had a huge impact on the automotive sector owing to disruption in manufacturing of automobile parts as well as stopped activities in assembly plants that is adding pressure on the global supply chains. These aspects have a negative impact on the global conductive polymer market. During this crisis period, leading manufacturers are adopting various strategies such as product launches and new technology introductions to raise their position in the global market. For instance, in January 2020, KEMET, a leading manufacturer of electronic component, has introduced new series of polypropylene film capacitors called “R41T and R76H series AEC-Q200” for automotive industry. These films are expected to fortify the company’s product portfolio in automobile applications. This factor is projected to fuel the market growth in the emergency time.
Conductive Polymer Market Analysis:
Conductive polymers are organic polymers and environmentally friendly materials. These polymers have a comparatively wide potential window, high capacitance, and high porosity to other polymers that are being used in consumer electronics for anti-static coatings, photographic films, and other applications. Also, it has relatively low equivalent series resistance compared to many other carbon-based electrodes. Thus, it is the most suitable material for manufacturing of super-capacitor electrodes.
Rapid growth in consumer electronics industry and demand from automotive sector are the major drivers for the growth of the global conductive polymer market
Swift growth in the electronic sectors is a major driving factor for the conductive polymer market growth in the forecast years. This growth is majorly accredited to increasing consciousness about safety packaging of electronic components from electromagnetic inference, static electricity and others. This factor has augmented the utilization of conductive polymers in packaging applications owing to excellent shielding applications towards electrostatic discharge and radio frequency interference. In addition, increasing demand from automotive sector is also estimated to impel the market growth in the forecast years. This expected growth is owing to potential application of conductive polymers in battery powdered automobiles because of high energy density. Also, these materials are being used in modern vehicles such as designing of lightweight structures and play an important role in manufacturing of stiff, resistant and light vehicles with better safety; this aspect is further predicted to fuel market growth in the review time.
To know more about conductive polymer market drivers, get in touch with our analysts here.
Availability of substitutes is a major restraint for the growth of the conductive polymer market
The easy availability of substitute materials along with low thermal conductivity compared to other alternatives is expected to limit the market growth in the forecast years. Also, high cost of conductive materials owing to fluctuations in raw material costs is further estimated to hamper the market growth in the forecast time.
Government initiatives towards “go green initiative” is expected to be a significant opportunity for the global conductive polymer market growth
Conductive polymer is an environmentally friendly material, and thus there is increasing utilization of these materials in production of electricity from renewable sources to minimize utilization of fossil fuels. Furthermore, government support towards ‘go green initiatives’ such as use of electric vehicles is expected to create huge growth prospects in the global conductive polymer market in the coming years. This predicted rise is owing to conductive polymers playing an important role in the production of electric vehicles components such as batteries, capacitors, sensors, and others.
To know more about conductive polymer market opportunities, get in touch with our analysts here.
Conductive Polymer Market, Based on Type:
Polypyrrole (PPY) type is predicted to be most lucrative in the forecast years
Source: Research Dive Analysis
Polypyrrole (PPY) conductive polymer market is expected to witness a remarkable growth during the forecast time and is estimated to generate a revenue of $934.0 million till 2027. This projected growth in conductive polymer market is majorly owing to increasing utilization of Polypyrrole materials due to excellent shielding properties, thereby, increasing use of PPY in for electronic devices packaging. Moreover, PPY is a thermally and mechanically steady material and owns excellent electrical conductivity properties like semiconductors and metals. Owing to these stable properties, PPY materials have found massive range of applications in production of LEDs, panel displays and many other applications. These aspects are estimated to enhance the market growth in the review period.
Conductive Polymer Market, Based on Application:
Anti-Static packaging and coating sub-segment accounted for the highest market size in 2019
Source: Research Dive Analysis
The conductive polymer market for anti-static packaging and coating sub-segment accounted for highest market size in the previous years; it valued over $2,292.8 million and is expected to account for $3,319.5 million by 2027. This dominance is significantly due to extensive use of conductive polymers in anti-static packaging & coatings application of electronic appliances. Moreover, increasing utilization of conductive polymers in transportation of electronic devices such as consumer electronics and electronic components is expected to generate a massive demand for anti-static coatings, which is estimated to boost the market growth in the forecast years. Rising trend for adoption of innovative technologies such as micro-electromechanical systems and 3D ICs will support in the updating the user friendly and miniaturized electric devices is predicted to fuel the market growth in the coming years.
Conductive Polymer Market, Regional Overview:
North America region generated for significant revenue share in the previous years
North America accounted for the largest conductive polymer market share in the past years, which was approximately 32.9% and is predicted to continue its steady rise in the global market during the forecast time. This dominance is majorly owing to conductive polymers being extensively utilized in production of electronic components in the mobile phones, televisions and laptops across the North America. Furthermore, swift growth in the production of electricity from renewable sources such as solar energy because government favorable activities to minimize environmental pollution is expected to drive the demand for conductive polymers for solar panel manufacturing, which is estimated to boost the market growth in the North America in the forecast time. In addition, constant improvements in storage battery technology is directly fueling the adoption of conductive polymers, it is also further estimated to enhance the growth of the market in this region.
To explore more about conductive polymer market, get in touch with our analysts here.
Key Participants in the Global Conductive Polymer Market:
Product launches and joint ventures are the most frequent strategies followed by the leading players
Source: Research Dive Analysis
The list of key conductive polymer market players profiled include American Dyes Inc., Heraeus Holding GmbH, Sabic, Merck KGaA, Celanese Corporation, ABTECH SCIENTIFIC INC., Agfa-Gevaert Group, KEMET Corporation, Rieke Metals, LLC and Solvay. These major manufacturers are adopting various inorganic and organic developemnt tactics such as acquisitions & collaboration and R&D investments to increase their market share in the global marketplace.
Porter’s Five Forces Analysis for Conductive Polymer Market:
- Bargaining Power of Suppliers: This market has high number of traders and changing cost of conductive polymer is expected to be high. The bargaining power of traders is HIGH.
- Bargaining Power of Consumer: This market contains huge number of users and product dependency is estimated to be low owing to low brand loyalty is delivering HIGH negotiating power of buyer.
- Threat of New Participants: This market requires low investments and increasing utilization of conductive polymers in solar panel manufacturing, automobiles and other applications. This factor is resulting in HIGH threat of new participants in the global marketplace.
- Threat of Substitutes: The conductive polymer market has high number substitutes delivering low brand loyalty of these products, and therefore LOW threat of substitutes.
- Competition Among Rivals: The presence of prominent participants in this market and they are concentrating on product launches and joint ventures. These are most frequent tactics followed by major players, resulting in HIGH rivalry among the market players.
| Aspect | Particulars |
| Historical Market Estimations | 2019-2020 |
| Base Year for Market Estimation | 2019 |
| Forecast timeline for Market Projection | 2020-2027 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Type |
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| Segmentation by Application
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| Key Countries covered | U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC and Saudi Arabia |
| Key Companies Profiled |
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Q1. What is the size of conductive polymer market?
A. The global conductive polymer market size was over $4,842.8 million in 2019 and is further anticipated to reach $7,188.5 million by 2027.
Q2. Who are the leading companies in the conductive polymer market?
A. American Dyes Inc., Heraeus Holding GmbH, Sabic, Merck KGaA and Solvay are some of the key players in the global conductive polymer market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. Asia-Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.
Q4. What is the Asia-Pacific region market size in 2019?
A. Asia-Pacific conductive polymer market accounted for $1,413.6 million in 2019.
Q5. What are the strategies opted by the leading players in this market?
A. Product launches, acquisitions and partnerships are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. KEMET Corporation, Merck KGaA, SABIC and Heraeus Holding GmbH are investing more on R&D activities for developing new products and technologies.
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Type trends
2.3. Application trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutesh
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraintsh
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By Type
3.8.2. By Application
3.8.3. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Conductive Polymer Market, by Type
4.1. Polyaniline (PANI)
4.1.1. Market size and forecast, by region, 2019-2027
4.1.2. Comparative market share analysis, 2019 & 2027
4.2. Polypyrrole (PPY)
4.2.1. Market size and forecast, by region, 2019-2027
4.2.2. Comparative market share analysis, 2019 & 2027
4.3. Polyphenylene Vinylene (PPV)
4.3.1. Market size and forecast, by region, 2019-2027
4.3.2. Comparative market share analysis, 2019 & 2027
4.4. Poly(3,4-ethylenedioxythiophene) (PEDOT)
4.4.1. Market size and forecast, by region, 2019-2027
4.4.2. Comparative market share analysis, 2019 & 2027
4.5. Polyacetylene
4.5.1. Market size and forecast, by region, 2019-2027
4.5.2. Comparative market share analysis, 2019 & 2027
4.6. Others
4.6.1. Market size and forecast, by region, 2019-2027
4.6.2. Comparative market share analysis, 2019 & 2027
5. Conductive Polymer Market, by Application
5.1. Anti-Static Packaging and Coating
5.1.1. Market size and forecast, by region, 2019-2027
5.1.2. Comparative market share analysis, 2019 & 2027
5.2. Photographic Film
5.2.1. Market size and forecast, by region, 2019-2027
5.2.2. Comparative market share analysis, 2019 & 2027
5.3. Solar Cell
5.3.1. Market size and forecast, by region, 2019-2027
5.3.2. Comparative market share analysis, 2019 & 2027
5.4. Display Screen
5.4.1. Market size and forecast, by region, 2019-2027
5.4.2. Comparative market share analysis, 2019 & 2027
5.5. Polymer Capacitor
5.5.1. Market size and forecast, by region, 2019-2027
5.5.2. Comparative market share analysis, 2019 & 2027
5.6. LED Lights
5.6.1. Market size and forecast, by region, 2019-2027
5.6.2. Comparative market share analysis, 2019 & 2027
5.7. Others
5.7.1. Market size and forecast, by region, 2019-2027
5.7.2. Comparative market share analysis, 2019 & 2027
6. Conductive Polymer Market, by Region
6.1. North America
6.1.1. Market size and forecast, by type, 2019-2027
6.1.2. Market size and forecast, by application, 2019-2027
6.1.3. Market size and forecast, by country, 2019-2027
6.1.4. Comparative market share analysis, 2019 & 2027
6.1.5. U.S.
6.1.5.1. Market size and forecast, by type, 2019-2027
6.1.5.2. Market size and forecast, by application, 2019-2027
6.1.5.3. Comparative market share analysis, 2019 & 2027
6.1.6. Canada
6.1.6.1. Market size and forecast, by type, 2019-2027
6.1.6.2. Market size and forecast, by application, 2019-2027
6.1.6.3. Comparative market share analysis, 2019 & 2027
6.1.7. Mexico
6.1.7.1. Market size and forecast, by type, 2019-2027
6.1.7.2. Market size and forecast, by application, 2019-2027
6.1.7.3. Comparative market share analysis, 2019 & 2027
6.2. Europe
6.2.1. Market size and forecast, by type, 2019-2027
6.2.2. Market size and forecast, by application, 2019-2027
6.2.3. Market size and forecast, by country, 2019-2027
6.2.4. Comparative market share analysis, 2019 & 2027
6.2.5. Germany
6.2.5.1. Market size and forecast, by type, 2019-2027
6.2.5.2. Market size and forecast, by application, 2019-2027
6.2.5.3. Comparative market share analysis, 2019 & 2027
6.2.6. UK
6.2.6.1. Market size and forecast, by type, 2019-2027
6.2.6.2. Market size and forecast, by application, 2019-2027
6.2.6.3. Comparative market share analysis, 2019 & 2027
6.2.7. France
6.2.7.1. Market size and forecast, by type, 2019-2027
6.2.7.2. Market size and forecast, by application, 2019-2027
6.2.7.3. Comparative market share analysis, 2019 & 2027
6.2.8. Spain
6.2.8.1. Market size and forecast, by type, 2019-2027
6.2.8.2. Market size and forecast, by application, 2019-2027
6.2.8.3. Comparative market share analysis, 2019 & 2027
6.2.9. Italy
6.2.9.1. Market size and forecast, by type, 2019-2027
6.2.9.2. Market size and forecast, by application, 2019-2027
6.2.9.3. Comparative market share analysis, 2019 & 2027
6.2.10. Rest of Europe
6.2.10.1. Market size and forecast, by type, 2019-2027
6.2.10.2. Market size and forecast, by application, 2019-2027
6.2.10.3. Comparative market share analysis, 2019 & 2027
6.3. Asia Pacific
6.3.1. Market size and forecast, by type, 2019-2027
6.3.2. Market size and forecast, by application, 2019-2027
6.3.3. Market size and forecast, by country, 2019-2027
6.3.4. Comparative market share analysis, 2019 & 2027
6.3.5. China
6.3.5.1. Market size and forecast, by type, 2019-2027
6.3.5.2. Market size and forecast, by application, 2019-2027
6.3.5.3. Comparative market share analysis, 2019 & 2027
6.3.6. India
6.3.6.1. Market size and forecast, by type, 2019-2027
6.3.6.2. Market size and forecast, by application, 2019-2027
6.3.6.3. Comparative market share analysis, 2019 & 2027
6.3.7. Japan
6.3.7.1. Market size and forecast, by type, 2019-2027
6.3.7.2. Market size and forecast, by application, 2019-2027
6.3.7.3. Comparative market share analysis, 2019 & 2027
6.3.8. Australia
6.3.8.1. Market size and forecast, by type, 2019-2027
6.3.8.2. Market size and forecast, by application, 2019-2027
6.3.8.3. Comparative market share analysis, 2019 & 2027
6.3.9. Rest of Asia Pacific
6.3.9.1. Market size and forecast, by type, 2019-2027
6.3.9.2. Market size and forecast, by application, 2019-2027
6.3.9.3. Comparative market share analysis, 2019 & 2027
6.4. LAMEA
6.4.1. Market size and forecast, by type, 2019-2027
6.4.2. Market size and forecast, by application, 2019-2027
6.4.3. Market size and forecast, by country, 2019-2027
6.4.4. Comparative market share analysis, 2019 & 2027
6.4.5. Latin America
6.4.5.1. Market size and forecast, by type, 2019-2027
6.4.5.2. Market size and forecast, by application, 2019-2027
6.4.5.3. Comparative market share analysis, 2019 & 2027
6.4.6. Middle East
6.4.6.1. Market size and forecast, by type, 2019-2027
6.4.6.2. Market size and forecast, by application, 2019-2027
6.4.6.3. Comparative market share analysis, 2019 & 2027
6.4.7. Africa
6.4.7.1. Market size and forecast, by type, 2019-2027
6.4.7.2. Market size and forecast, by application, 2019-2027
6.4.7.3. Comparative market share analysis, 2019 & 2027
7. Company Profiles
7.1. American Dyes Inc.
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Heraeus Holding GmbH
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. Sabic
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. Merck KGaA
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. Celanese Corporation
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. ABTECH SCIENTIFIC INC.
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. Agfa-Gevaert Group
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. KEMET Corporation
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
7.9. Rieke Metals, LLC
7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis
7.10. Solvay
7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis
Conductive polymer is an environmental friendly material and an organic polymer that has a comparatively wide potential window, high porosity, and high capacitance compared to other polymers being used in consumer electronics industry. Conductive polymers have relatively low equivalent series resistance than numerous other carbon based electrodes. And hence, it is considered as the most suitable material for manufacturing of super-capacitor electrodes.
In addition, conductive polymers are inexpensive, pliable, and lightweight plastics that conduct electricity and are known to bend, protrude, and shrink when stimulated by electricity.
Impact of COVID-19 on the Global Industry
The global emergency created due to the sudden outbreak of COVID-19 has negatively impacted the global conductive polymer market owing to the shutting down of several end use industry activities in the consumer, automotive, and other industries. Moreover, the disruption in manufacturing of automobile parts coupled with the stoppage of activities in assemble plants are expected to adversely affect the global market. Conversely, the leading manufacturers and companies of the market are applying several business tactics & strategies to sustain in the pandemic crisis.
For instance, in January 2020, a global leader in manufacturing component, KEMET introduced new series of polypropylene film capacitors namely, “R41T and R76H series AEC-Q200” especially for automotive industry. With these launch, the company expanded its product portfolio in the automobile applications.
Key Developments in the Global Market
The prominent industry players are implementing numerous growth strategies such as mergers, acquisitions, partnerships, technological advancements, and novel product launches to obtain a strong position in the overall market. This helping the conductive polymer market to grow at a rapid pace.
For instance, in February 2018, PolyOne entered into a partnership with Integral Technologies Inc. and also with Integral’s wholly-owned subsidiary ElectriPlast Corp. for commercializing its long fiber conductive material by ElectriPlast. It is a highly engineered, filled thermoplastic polymer that replaces metal in electromagnetic & radio-frequency shielding applications at about 60% lighter weight. The aim of the company behind this partnership is to expand their product portfolio in the conductive portfolio market.
In January 2019, the global chemical & specialty company, Celanese Corporation completed the acquisition of Next Polymers Ltd., which is the largest engineering thermoplastics (ETP) compounders based in India. The aim of the companies behind this acquisition is to expand their businesses and help Celanese to establish as a leader and offer customer base with extensive range of polymer products in the Indian market.
Forecast Analysis of Conductive Polymer Market
Global conductive polymer market is projected to experience a considerable growth throughout the period of forecast owing to the growing initiatives of government such as the ‘go green’ initiatives to use electric vehicles is expected to propel the growth of the global conductive polymer market . In addition, the increasing usage of conductive polymer in the production of electric vehicle components such as sensors, capacitors, batteries, and others, which is likely to provide lucrative growth opportunities for investors in the global market. However, the high cost of conductive materials and the availability of substitute materials are major factors predicted to impede the global market growth in the coming future.
A significant growth in consumer electronics sector and the growing demand from automotive industry are the significant factors expected to drive the growth of the global conductive polymer market in the forecast period. As per a Research Dive published report, the conductive polymer market is anticipated to grow at a CAGR of 7.7% from 2020 to 2027. The North America region is likely to hold the majority of share in the global market by the end of 2027 mainly because conductive polymers are extensively used in the production of electronic components such as mobile phones, laptops, and televisions in the region. The prominent players functioning in the conductive polymer industry include Heraeus Holding GmbH, American Dyes Inc., Sabic, Celanese Corporation, Merck KGaA, ABTECH SCIENTIFIC INC., KEMET Corporation, Agfa-Gevaert Group, Solvay, and Rieke Metals, LLC.
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