Electroactive Polymers Market to Benefit From Increased Preference to Polymers Over Metals in Several Applications; to Exhibit 7.6% CAGR - TMR

News provided by

Sep 27, 2018, 10:00 ET

ALBANY, New York, September 27, 2018 /PRNewswire/ --

Owing to the presence of a large number of companies, the vendor landscape of the global electroactive polymers market has been rendered highly fragmented and competitive. In 2015, the leading three companies, namely Heraeus Deutschland GmbH & Co. KG, BASF SE, and PolyOne Corporation collectively accounted for a mere 20.4% of the overall market.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

A number of electroactive polymers manufacturers are paying attention to the introduction of new patents and development of novel and innovative products to stay relevant in the market. These players are also likely to shift their focus towards emerging regions owing to the immense potential offered by them. Moreover, the rising environmental concerns regarding the emission of hazardous greenhouse gasses is leading to the greater inclination towards bio-based polymers. Several players are likely to capitalize the growing trend.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1060

North America to Remain Strongest Regional Market

According to the report, the global electroactive polymers market will register a promising 7.6% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of US$5.69 bn by 2024 from a valuation of US$3.15 bn in 2016. In terms of products, the segment of conductive polymers is likely to account for a whopping 82.7% of the overall market by the end of the forecast period. Geographically, the market in North America is likely to account for an impressive 62.3% of the market by 2024.

Staggering Rise in Demand from Automotive Sector to Drive Market

The increasing use of electroactive polymers in the automotive sector and in the development of products associated with the touchscreen technology are likely to remain the primary factors stimulating the demand for electroactive polymers in the next few years. These polymers are lightweight and cost-effective and offer low density as well as high toughness, large actuation strain constant, and inherent vibration damping. Their unique properties are also making them attractive for use in various biomimetic applications such as biologically inspired intelligent robots.

Browse Research Release at https://www.transparencymarketresearch.com/electroactive-polymers.html

The booming demand for ferromagnetic and piezoelectric materials and the increasing investments in the development of conductive technologies is anticipated to augur well for the growth of the market in the forthcoming years. The growing preference for polymers to metals and semiconductors is also providing vast growth opportunities to the sector and several new polymer and semiconductor manufacturers are investing in the global electroactive polymers market.

However, the lack of reliable electroactive polymers infrastructure is inhibiting the growth of the global market. Moreover, the market is also likely to reel under the low level of awareness among consumers and attempts from manufacturers to increase the same among potential consumers will be required for manufacturers to make the most of the growth opportunities the market has to offer.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1060

This analysis of the global electroactive polymers market is based on a recent market research report by Transparency Market, titled "Electroactive Polymers Market (Product Type - Conductive Polymers, ICP, and IDP; Application - ESD & EMI Protection, Actuators, Sensors, Antistatic Packaging, Plastic Transistors, Coatings, and Inks) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024."

For the study, the market has been segmented as follows:

Electroactive Polymers Market - Product Segment Analysis

Conductive Polymers
ICP
IDP
Others (Including Ferroelectrets, Dielectric Elastomers, etc.)

Electroactive Polymers Market - Application Analysis

ESD & EMI protection
Actuators
Sensors
Antistatic Packaging
Plastic Transistors
Others (Including Fabrics, Solar Cells, Batteries, etc.)

Electroactive Polymers Market - Regional Analysis

North America
- U.S.
- Rest of North America
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- South Africa
- Rest of MEA

Browse More Chemical & Materials Market Research Reports

Popular Research Reports by TMR:

Industrial Enzymes Market (Type - Carbohydrases, Proteases, Polymerases & Nucleases, Lipase, and Phytase; Application - Food and Beverages, Personal and Household Care, Animal Feeds, and Bio-energy): https://www.transparencymarketresearch.com/industrial-enzymes-market.html
SLS (SLS Dry and SLS Liquid), SLES, and LAS Market (Product - SLS, SLES, and LAS; Application - Detergents and Cleaners, Personal Care, Textile and Leather, Oilfield Chemicals, Paints and Coatings, Polymer Additives, and Agricultural Chemicals): https://www.transparencymarketresearch.com/sls-sles-las-market.html
Styrenic Polymers Market for Medical Applications (Product - Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Styrene Butadiene Block Copolymers (SBC), and Styrene Methyl Methacrylate (SMMA); Application - Intra-venous Systems & Fluid Delivery, Mobile & Digital Health, Surgical Gloves, and Respiratory & Drug Delivery Devices): https://www.transparencymarketresearch.com/styrenic-polymers-medical-applications-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]