Conductive Polymers Market Competitive Landscape Analysis with Forecast by 2024

CITY, Country, 2019-Jul-22 — /EPR Network/ —Global conductive polymers market is projected to reach $7,341.2 million by 2023, the market growth is mainly driven by the growing preference for lightweight and high performing electronic products, and rising demand for conductive polymers in a wide range of applications, according to P&S Intelligence.

Polyaniline exists in variety of forms that differ in terms of chemical and physical properties. Depending on acidity conditions, polyaniline has globular, nanofibrillar or nanotubular morphology. Polyaniline may also be obtained as thin-films, coatings, or as colloidal dispersions; and exhibits both electronic and ionic conductivity.

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EMI shielding refers to the protection against electrostatic discharge (ESD) of electronic devices. The effects of electromagnetic interference are becoming more and more pronounced, caused by the demand for high-speed electronic devices operating at higher frequencies; intensive use of electronics such as computers, communication equipment and cars; and the miniaturization of these electronic devices.

The economy of emerging nations is driven by increased foreign direct investments in different sectors, particularly in industrial manufacturing. Rapid industrialization in these nations in the last few decades has brought a significant change in the use technology to increase the production of goods. Some of the major industries witnessing rapid technological advancements include electronics and automotive, in which these polymers are widely used. With the rapid growth in the sales of automobiles and electronic products in emerging economies, the demand of these polymers is expected to increase during the forecast period, creating growth opportunities in the conductive polymers market.

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North America held the largest revenue share in the global conductive polymers market, valued at more than 55.0% in 2017. The highest sales of these polymers in the region is attributed to their high demand from different industries such as electronics, automotive, semiconductors, and others. Technological developments coupled with growing urbanization in the region are also resulting in increasing demand of conductive polymers. These polymers are used in a variety of industries including healthcare, renewable energy devices, and production of medicines. Also, they are used widely in electrical appliances such as actuators and energy devices.

Some of the major players operating in the global conductive polymers market are DowDuPont Inc., Solvay SA, RTP Company, 3M Company, The Lubrizol Corporation, Henkel AG & Co. KGaA, Saudi Basic Industries Corporation, Heraeus Holding GmbH, Covestro AG, and Premix Oy.

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