Conducting Polymers Market
Conducting Polymers Market Forecasts to 2030 - Global Analysis By Product (Acrylonitrile-butadiene-styrene (ABS), Polycarbonates, Polyphenylene-polymer (PPP) based Resins, Nylon and Other Products), Type (Electrically Conducting , Thermally Conducting and Other Types), Class (Conjugated Conducting polymers, Charge Transfer Polymer's, Ionically Conducting Polymers, Conductively Filled Polymers and Other Classes), Conduction Mechanism, Synthesis Process, Technology, Application, End User and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.43 BN |
|
Projected Year Value (2030) |
US $13.17 BN |
|
CAGR (2023 - 2030) |
10.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Conducting Polymers Market is accounted for $6.43 billion in 2023 and is expected to reach $13.17 billion by 2030 growing at a CAGR of 10.8% during the forecast period. A special class of materials known as conducting polymers combines the electrical conductivity of metals with the mechanical characteristics of polymers. Conducting polymers can conduct electricity because, in contrast to conventional insulating polymers, they have a conjugated backbone structure. Moreover, a multitude of uses are possible by manipulating and controlling this conductivity via chemical doping or electrochemical procedures.
According to the American Chemical Society, the study of conducting polymers has significantly advanced our understanding of materials with unique electrical and mechanical properties, opening up avenues for groundbreaking applications in electronics, sensing technologies, and energy storage systems.
Market Dynamics:
Driver:
Growing need for flexible and lightweight electronics
The market for conducting polymers is expanding at a rapid pace due to the rising demand for flexible and lightweight electronics. Because conducting polymers have a special blend of mechanical flexibility and electrical conductivity, they offer a solution as consumer preferences shift toward more portable and adaptable electronic devices. Furthermore, this trend is especially noticeable in sectors like wearable technology, where the creation of flexible and conformable electronic components is made possible by the use of conducting polymers.
Restraint:
Environmental factors vulnerability
Environmental elements, including moisture, temperature changes, and chemical exposure, can affect conducting polymers. These weaknesses could cause the material to deteriorate over time, which would affect its dependability and long-term performance. Moreover, in practical applications, addressing these environmental sensitivities is essential to guaranteeing the stability and durability of conducting polymers, particularly in electronic devices subjected to a range of operating conditions.
Opportunity:
Quick developments in flexible electronics
The continuous progress in flexible electronics offers conducting polymers a great deal of promise. Conducting polymers can be crucial in enabling the development of flexible circuits, wearable technology, and conformable electronic components, as the demand for bendable, stretchable, and lightweight electronic devices keeps growing. Furthermore, to fully take advantage of this opportunity, more study and creativity are needed to improve polymer compatibility with flexible substrates and maximize their performance in flexible electronic applications.
Threat:
Rivalry from recognized materials
One of the main challenges that conducting polymers face is competition from materials that is well-established in different industries. In some applications, conventional materials like silicon and metals may already be well-established, making it difficult for conducting polymers to become widely accepted. Additionally, to counter this danger, conducting polymers must be shown to have special benefits and to be more affordable than conventional materials.
Covid-19 Impact:
The COVID-19 pandemic has had a major effect on the conducting polymer market. It has hampered production processes, disrupted the global supply chain, and decreased demand in a number of industries. Research and development efforts have been hindered by lockdowns, travel restrictions, and economic uncertainties, which may have slowed down innovation in the field. Furthermore, capital expenditures and investment patterns have been impacted by the pandemic-caused economic downturn, which has impacted the market's growth trajectory.
The Inherently Conductive Polymers (ICP) segment is expected to be the largest during the forecast period
It is projected that the Inherently Conductive Polymers (ICP) segment will command the largest market share for conducting polymers. Without the need for external doping or modifications, intrinsically conductive polymers have special properties that enable them to conduct electricity. Moreover, this market has seen strong demand, especially in applications where processing simplicity, flexibility, and lightweight qualities are essential. ICPs are widely used in sensors, flexible electronics, and other electronic component development.
The Batteries segment is expected to have the highest CAGR during the forecast period
The conducting polymers market's highest CAGR is anticipated for the battery segment. The use of conducting polymers in battery technology has been driven by the growing need for effective and portable energy storage solutions. Conducting polymers are advantageous for use in rechargeable batteries because of their high power density, flexibility, and ease of processing. Furthermore, the need for sophisticated energy storage systems increases as the world shifts to electric cars and renewable energy sources, which propels the conducting polymers market's growth.
Region with largest share:
With regard to conducting polymers, the Asia-Pacific region is projected to hold the largest market share. The region's booming electronics manufacturing industry, especially in China, Japan, and South Korea, is responsible for much of its dominance. Asia-Pacific's robust growth in industries like consumer electronics, automotive, and telecommunications is driving demand for conducting polymers. Additionally, the region has been a leader in the adoption of conducting polymers due to its focus on technological advancements and the growing demand for flexible and lightweight electronic components.
Region with highest CAGR:
The conducting polymer market is expected to grow at the highest CAGR in the Asia-Pacific region. The demand for conducting polymers is rising across a range of industries, including electronics, automotive, and healthcare, thanks to the region's dynamic economic landscape, which is especially evident in nations like China, India, and South Korea. The robust growth of conducting polymers in the region is attributed to the expanding electronics manufacturing sector and the growing adoption of innovative technologies. Moreover, the need for conducting polymers is further fueled by the focus on renewable energy sources and developments in energy storage technologies, particularly solar cells and batteries.
Key players in the market
Some of the key players in Conducting Polymers market include DSM, Solvay SA, Avient Corporation, Celanese Corporation, 3M Company, Parker Hannifin Corp, Heraeus Holding GMBH, KEMET Corporation, SABIC, Henkel AG & Co. KGaA, Agfa-Gevaert Group, The Lubrizol Corporation and Integral Technologies, Inc.
Key Developments:
In January 2024, A Joint venture between Cargill and dsm-firmenich, Avansya, has confirmed that its EverSweet stevia-based sweetener has gained a positive response from the European Food Safety Authority (EFSA), and UK Food Standards Agency (FSA), writes Neill Barston. Confectionery Production first discussed the potential for the new series with the company’s teams at Sweets & Snacks Expo last year in the US, and the company has continued to drive innovation within the segment.
In May 2023, Parker Aerospace, a business segment of Parker Hannifin Corporation, the global leader in motion and control technologies, today announces an agreement with the U.S. Army for a five-year contract providing overhaul and upgrade to the UH-60 Blackhawk hydraulic pump and flight control actuation. The agreement includes provisions for firm-fixed price (FFP) indefinite delivery indefinite quantity (IDIQ) for the Army’s aircraft.
In May 2023, 3M today announced it has entered into agreements to sell certain assets associated with its dental local anesthetic portfolio, based in Seefeld, Germany, to Pierrel S.p.A. (""Pierrel""), a global provider of services for the pharmaceutical industry, for a purchase price of $70 million, subject to closing and other adjustments.
Products Covered:
• Acrylonitrile-butadiene-styrene (ABS)
• Polycarbonates
• Polyphenylene-polymer (PPP) based Resins
• Nylon
• Other Products
Types Covered:
• Electrically Conducting
• Thermally Conducting
• Other Types
Classes Covered:
• Conjugated Conducting polymers
• Charge Transfer Polymer's
• Ionically Conducting Polymers
• Conductively Filled Polymers
• Other Classes
Conduction Mechanisms Covered:
• Conductive Plastics
• Electrical Conducting
• Polymer Thermal Conducting
• Polyfuran
• Conducting Polymer Composites
• Inherently Conductive Polymers (ICPs)
• Inherently Dissipative Polymers (IDPs)
Synthesis Processes Covered:
• Chemical Synthesis
• Electro Copolymerization
Technologies Covered:
• Chemical Doping Technology
• Electrochemical Doping Technology
• Other Technologies
Applications Covered:
• Anti-Static Packaging and Coating
• ESD/EMI Shielding
• Electrostatic Coating
• Actuators and Sensors
• Batteries
• Solar Cells
• Electroluminescence
• Printed Circuit Board
• Work Surface and Flooring
• Light Emitting Diodes
• Super Capacitors
• Bio Implants
• Other Applications
End Users Covered:
• Automotive
• Aerospace
• Electronics and Electrical
• Industrial
• Healthcare
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Conducting Polymers Market, By Product
5.1 Introduction
5.2 Acrylonitrile-butadiene-styrene (ABS)
5.3 Polycarbonates
5.4 Polyphenylene-polymer (PPP) based Resins
5.5 Nylon
5.6 Other Products
6 Global Conducting Polymers Market, By Type
6.1 Introduction
6.2 Electrically Conducting
6.3 Thermally Conducting
6.4 Other Types
7 Global Conducting Polymers Market, By Class
7.1 Introduction
7.2 Conjugated Conducting polymers
7.3 Charge Transfer Polymer's
7.4 Ionically Conducting Polymers
7.5 Conductively Filled Polymers
7.6 Other Classes
8 Global Conducting Polymers Market, By Conduction Mechanism
8.1 Introduction
8.2 Conductive Plastics
8.3 Electrical Conducting
8.4 Polymer Thermal Conducting
8.5 Polyfuran
8.6 Conducting Polymer Composites
8.7 Inherently Conductive Polymers (ICPs)
8.8 Inherently Dissipative Polymers (IDPs)
9 Global Conducting Polymers Market, By Synthesis Process
9.1 Introduction
9.2 Chemical Synthesis
9.3 Electro Copolymerization
10 Global Conducting Polymers Market, By Technology
10.1 Introduction
10.2 Chemical Doping Technology
10.3 Electrochemical Doping Technology
10.4 Other Technologies
11 Global Conducting Polymers Market, By Application
11.1 Introduction
11.2 Anti-Static Packaging and Coating
11.3 ESD/EMI Shielding
11.4 Electrostatic Coating
11.5 Actuators and Sensors
11.6 Batteries
11.7 Solar Cells
11.8 Electroluminescence
11.9 Printed Circuit Board
11.10 Work Surface and Flooring
11.11 Light Emitting Diodes
11.12 Super Capacitors
11.13 Bio Implants
11.14 Other Applications
12 Global Conducting Polymers Market, By End User
12.1 Introduction
12.2 Automotive
12.3 Aerospace
12.4 Electronics and Electrical
12.5 Industrial
12.6 Healthcare
12.7 Other End Users
13 Global Conducting Polymers Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 DSM
15.2 Solvay SA
15.3 Avient Corporation
15.4 Celanese Corporation
15.5 3M Company
15.6 Parker Hannifin Corp
15.7 Heraeus Holding GMBH
15.8 KEMET Corporation
15.9 SABIC
15.10 Henkel AG & Co. KGaA
15.11 Agfa-Gevaert Group
15.12 The Lubrizol Corporation
15.13 Integral Technologies, Inc.
List of Tables
1 Global Conducting Polymers Market Outlook, By Region (2021-2030) ($MN)
2 Global Conducting Polymers Market Outlook, By Product (2021-2030) ($MN)
3 Global Conducting Polymers Market Outlook, By Acrylonitrile-butadiene-styrene (ABS) (2021-2030) ($MN)
4 Global Conducting Polymers Market Outlook, By Polycarbonates (2021-2030) ($MN)
5 Global Conducting Polymers Market Outlook, By Polyphenylene-polymer (PPP) based Resins (2021-2030) ($MN)
6 Global Conducting Polymers Market Outlook, By Nylon (2021-2030) ($MN)
7 Global Conducting Polymers Market Outlook, By Other Products (2021-2030) ($MN)
8 Global Conducting Polymers Market Outlook, By Type (2021-2030) ($MN)
9 Global Conducting Polymers Market Outlook, By Electrically Conducting (2021-2030) ($MN)
10 Global Conducting Polymers Market Outlook, By Thermally Conducting (2021-2030) ($MN)
11 Global Conducting Polymers Market Outlook, By Other Types (2021-2030) ($MN)
12 Global Conducting Polymers Market Outlook, By Class (2021-2030) ($MN)
13 Global Conducting Polymers Market Outlook, By Conjugated Conducting polymers (2021-2030) ($MN)
14 Global Conducting Polymers Market Outlook, By Charge Transfer Polymer's (2021-2030) ($MN)
15 Global Conducting Polymers Market Outlook, By Ionically Conducting Polymers (2021-2030) ($MN)
16 Global Conducting Polymers Market Outlook, By Conductively Filled Polymers (2021-2030) ($MN)
17 Global Conducting Polymers Market Outlook, By Other Classes (2021-2030) ($MN)
18 Global Conducting Polymers Market Outlook, By Conduction Mechanism (2021-2030) ($MN)
19 Global Conducting Polymers Market Outlook, By Conductive Plastics (2021-2030) ($MN)
20 Global Conducting Polymers Market Outlook, By Electrical Conducting (2021-2030) ($MN)
21 Global Conducting Polymers Market Outlook, By Polymer Thermal Conducting (2021-2030) ($MN)
22 Global Conducting Polymers Market Outlook, By Polyfuran (2021-2030) ($MN)
23 Global Conducting Polymers Market Outlook, By Conducting Polymer Composites (2021-2030) ($MN)
24 Global Conducting Polymers Market Outlook, By Inherently Conductive Polymers (ICPs) (2021-2030) ($MN)
25 Global Conducting Polymers Market Outlook, By Inherently Dissipative Polymers (IDPs) (2021-2030) ($MN)
26 Global Conducting Polymers Market Outlook, By Synthesis Process (2021-2030) ($MN)
27 Global Conducting Polymers Market Outlook, By Chemical Synthesis (2021-2030) ($MN)
28 Global Conducting Polymers Market Outlook, By Electro Copolymerization (2021-2030) ($MN)
29 Global Conducting Polymers Market Outlook, By Technology (2021-2030) ($MN)
30 Global Conducting Polymers Market Outlook, By Chemical Doping Technology (2021-2030) ($MN)
31 Global Conducting Polymers Market Outlook, By Electrochemical Doping Technology (2021-2030) ($MN)
32 Global Conducting Polymers Market Outlook, By Other Technologies (2021-2030) ($MN)
33 Global Conducting Polymers Market Outlook, By Application (2021-2030) ($MN)
34 Global Conducting Polymers Market Outlook, By Anti-Static Packaging and Coating (2021-2030) ($MN)
35 Global Conducting Polymers Market Outlook, By ESD/EMI Shielding (2021-2030) ($MN)
36 Global Conducting Polymers Market Outlook, By Electrostatic Coating (2021-2030) ($MN)
37 Global Conducting Polymers Market Outlook, By Actuators and Sensors (2021-2030) ($MN)
38 Global Conducting Polymers Market Outlook, By Batteries (2021-2030) ($MN)
39 Global Conducting Polymers Market Outlook, By Solar Cells (2021-2030) ($MN)
40 Global Conducting Polymers Market Outlook, By Electroluminescence (2021-2030) ($MN)
41 Global Conducting Polymers Market Outlook, By Printed Circuit Board (2021-2030) ($MN)
42 Global Conducting Polymers Market Outlook, By Work Surface and Flooring (2021-2030) ($MN)
43 Global Conducting Polymers Market Outlook, By Light Emitting Diodes (2021-2030) ($MN)
44 Global Conducting Polymers Market Outlook, By Super Capacitors (2021-2030) ($MN)
45 Global Conducting Polymers Market Outlook, By Bio Implants (2021-2030) ($MN)
46 Global Conducting Polymers Market Outlook, By Other Applications (2021-2030) ($MN)
47 Global Conducting Polymers Market Outlook, By End User (2021-2030) ($MN)
48 Global Conducting Polymers Market Outlook, By Automotive (2021-2030) ($MN)
49 Global Conducting Polymers Market Outlook, By Aerospace (2021-2030) ($MN)
50 Global Conducting Polymers Market Outlook, By Electronics and Electrical (2021-2030) ($MN)
51 Global Conducting Polymers Market Outlook, By Industrial (2021-2030) ($MN)
52 Global Conducting Polymers Market Outlook, By Healthcare (2021-2030) ($MN)
53 Global Conducting Polymers Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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