Conductive Polymers Market

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The global Conductive Polymers Market is valued at USD 3.8 Billion in 2022 and is projected to reach a value of USD 6.72 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 8.5% over the forecast period.

Conductive Polymers is recognized as a class of polymers of organic materials with unique electrical and optical properties similar to those of inorganic semiconductors and metals. CPs can be synthesized using simple, versatile, and cost-effective approaches. The global Conductive Polymers market is expected to expand during the forecast period owing to rising awareness towards shielding sensitive electronic devices medium from electrostatic discharge (ESD), radio frequency interference (RFI), and electromagnetic interferences (EMI). Additionally, the growing importance of electronic devices with reduced sound levels combined with the rising number of stringent regulations imposed on controlling noise pollution will increase the footprint of the global Conductive Polymers market.

Procuring conductive plastics such as ABS and PPS are being utilized instead of conventional metals and ceramics. Factors such as the rising importance of ionic polymers in the electronic industry on account of providing excellent dimensional stability are expected to add value to the global Conductive Polymers market. Also, good conducting characteristics will widen the scope of the global market. ABS and PPS are extremely electroactive and can provide good optical properties, excellent mechanical flexibility, and higher thermal stability. ABS, polycarbonates (PC), polyphenylene resin, nylon, and polyethylene terephthalate (PPS) are widely used due to their redeeming properties. This will fuel a widened market growth.

Favorable market opportunities are expected to continue due to rising demand from emerging economies such as China, Japan, India, and South Korea. This development is expected to be supported by rising product launches by market leaders such as Samsung and LG, including smartphones. For instance, in July 2018, the government of India announced that they were launching the "Digital India Campaign," aimed at ensuring internet connectivity and upscaling the production output in digital electronics on a domestic level. Additionally, this initiative will increase the production of electronic goods, including smartphones, web cameras, and tablets. Such initiatives are expected to create lucrative opportunities for the global Conductive Polymers market to flourish.

Economic Insights

According to the Center for Economic and Business Research (CEBR) and several other agencies, a global recession is expected to start in 2023. Factors such as increased borrowing costs for fighting inflation are expected to cause several advanced economies to shrink. According to the British consultancy's annual World Economic League Table, the global economy exceeded more than USD 100 trillion. The Russo-Ukraine war has been going on between Russia (Alongside various Russian separatist elements within Ukraine) and Ukraine since February 2014. However, things took a turn when Russia launched a full-scale invasion of the Ukrainian peninsula by marching troops and launching artillery strikes. Various analysts predicted this ongoing strike as Russia began amassing a vast military presence near its border with Ukraine. Since the automotive industry is a massive part of the Russian economy, production has continued.

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1. Increasing Utilization of Lightweight Materials: The global Conductive Polymers market is expected to multiply during the forecast period owing to the increased utilization of lightweight materials. Rising awareness towards improvement in fuel economy is expected to promote the usage of ABS and PPS in wiring systems. These materials are used in the form of conducting materials. Additionally, increased defense spending by governments in the Middle East and North America is expected to increase the output of military aircraft on a domestic level, fuelling the growth of the global Conductive Polymers market.

2. Rising Demand for Electrical Vehicles: Conductive Polymers holds a bright future with the emergence of BEVs and PHEVs. Additionally, they are utilized in components such as capacitors, batteries, and sensors. Conductive Polymers are lightweight, easy to mold in the desired shape, and can be customized at a rapid pace. These factors make Conductive Polymers extremely valuable in keeping electric vehicles and engines cool. These factors are expected to increase the footprint of the global Conductive Polymers market during the forecast period.

3. Surging Electronic Industry: The global Conductive Polymers are expected to rise in demand owing to their widespread deployment in the electronics sector as they possess low thermal conductivity and their ability to provide excellent thermal insulation. This creates excellent safety for electronic products. Furthermore, Conductive Polymers are installed in lasers used in televisions and the screen of mobile phones. This will fuel the growth of the global Conductive Polymers market during the forecast period.

Market Segmentation

The global Conductive Polymers market can be categorized on the following: Type, Application, and Regions. Based on type, the market can be categorized into electrically conducting and thermally conducting. By application, the market can be segmented across ESD/EMI shielding, antistatic packaging, electrostatic coating, capacitor, and others. By Likewise, based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on Type

Thermally Conducting Segment to Account for the Largest Market Share Owing to Rising Miniaturization of Electronic Components

The global Conductive Polymers market is expected to benefit from the segmental growth of thermally conducting polymers during the forecast period in terms of revenue and growth. Factors such as the rising importance of the miniaturization of electronic components are expected to increase the footprint of the segmental value. Miniaturized electronic components require advanced and compact conducting polymers for conducting heat in a confined space. Additionally, thermally conducting polymers are utilized heavily in LED fixtures, heat sinks, interface materials, radiator end caps, fuel pumps, heat exchangers, medical devices, and instrument housing. These factors are expected to increase the footprint of thermally conducting polymers. Electrically conducting polymers will grow with the fastest growing CAGR during the forecast period owing to rising usage in electronic devices such as organic field-effect transistors, photovoltaic cells, and light-emitting.

Based on Application

ESD/EMI Shielding to Lead Largest Market Share Owing to Rising Demand for Conducting Polymers

The ESD/EMI shielding segment is expected to widen its stance during the forecast period regarding revenue and share. Factors such as rising demand for conducting polymers are expected to increase the footprint of the ESD/EMI shielding polymers. Additionally, a significant benefit of these polymers is that they increase the safety of air-gapped systems. Also, ESD/EMI shielding polymers are utilized heavily in environments to prevent sensitive electronic components and devices from static discharge and magnetic interference. These factors are expected to increase the footprint of the ESD/EMI shielding applications. The electrostatic coating segment will grow with the fastest-growing CAGR during the forecast period due to cost reduction and organic emissions.

Based on Region

Asia Pacific to Dominate Global Sales Owing to Increasing Number of Product Launches

The global Conductive Polymers market is expected to be dominated by the region of Asia Pacific in terms of revenue and share during the forecast period. Factors such as the rising number of product launches by prominent players in emerging economies such as China and India are expected to increase the footprint of the Asia Pacific Conductive Polymers market. Additionally, the rising regulatory inclination for promoting investments from foreign direct investments is expected to add value to the regional market. Increasing applications for Conductive Polymers in engine boxes and wire hoses will further widen the scope of the Conductive Polymers market in the region. Improving the automotive sector in emerging economies such as China and India is expected to increase market demand.

North America is expected to grow with the fastest growing CAGR during the forecast period owing to higher adoption of electroactive polymers in electronics, solar energy, healthcare, and automotive industries. Factors such as rising investments in the R&D departments are expected to positively impact the North American Conductive Polymers market.

Competitive Landscape

The global Conductive Polymers market is full of numerous suppliers and buyers who cater to various industries such as electronics, automotive, marine, information technology, aerospace, and defense. Market leaders are inclining towards the rising importance of electronic devices by launching new products by reducing noise levels. Additionally, players focus on reducing their reliance on crude oil during their manufacturing processes by investing heavily in their research and development departments.

The key players in the global Conductive Polymers market include - ABTECH Scientific (U.S.), AGFA-GEVAERT NV (AGFA) (Belgium), American Dyes Inc. (Quebec), Celanese Corporation (U.S.), Heraeus Holding GmbH (Germany), Kemet Corporation (U.S.), MERCK KGAA (Germany), Rieke Metals (U.S.), SABIC (Saudi Arabia), Solvay SA (Belgium) among others.

Recent Developments:

· November 2022: Agfa announced they were launching plans to implement a double-digit price increase across their worldwide Digital Print & Chemicals portfolio, effective January 1, 2023.

· March 2019: PolyOne features polymer solutions at the Plastimagen tradeshow, specifically for Mexico and Central America. PolyOne showcased their company's wide range of polymer and colorant solutions and services to tackle customer demands. The company also features EMI/RFI Shielding and Conduction Formulations, OnColor SC Super Concentration technologies, Low VOC / FOG Elastomers, and Reinforced Polymer Composite Technologies.

· January 2019: Celanese Corporation, a market leader in global chemicals and specialty materials company, announced that they are acquiring Next Polymers Ltd., India's most significant engineering thermoplastics (ETP) compounders. This acquisition is expected to support the rapidly growing business and establish Celanese as a leader in the Indian market.

Segmentation of the Global Conductive Polymers Market