Global Electroactive Polymer Market, 2018-2022 by Type, Application, and Region

DUBLIN, Feb. 12, 2018 /PRNewswire/ --

The "Electroactive Polymer Market by Type (Conductive Plastic, Inherently Conductive Polymer, Inherently Dissipative Polymer), Application (ESD Protection, EMI Shielding, Actuators, Capacitors, Batteries, Sensors), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The electroactive polymers market is estimated at USD 3.51 Billion in 2017 and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022.

EAPs find applications in various end-use industries because of their unique properties. Contrary to conventional materials (metals), EAP products are lighter in weight, durable, and have better conductive properties. These factors are expected to drive the growth of the electroactive polymers market during the forecast period.

The electroactive polymers market has been classified on the basis of product type into conductive plastics, inherently conductive polymers, and inherently dissipative polymers. Among types, the inherently conductive polymers market is projected to grow at the highest CAGR during the forecast period. Inherentlyconductive polymers include materials, such as polythiophenes, polyanilines, polypyrroles, and polyacetylenes. ICPs are soluble, low-cost organic polymers which have electrical properties like other conductive metals and semiconductors. ICPs are a kind of ionic electroactive polymers which alter shape by motion or diffusion of ions and their conjugated substance.

The high demand globally can be attributed to the extensive R&D activities being undertaken in key countries, such as the US, Canada, and Mexico on various potential applications of inherently conductive polymers. The demand for inherently conductive polymers in robotics, artificial muscles, actuators & sensors in the medical, energy harvesting, and electrical & electronics industries is the highest and is expected to drive the EAPs market during the forecast period.

On the basis of application, the electroactive polymers market has been classified into Electrostatic Discharge (ESD) protection, Electromagnetic Interference (EMI), shielding, actuators, capacitors, batteries, sensors, and others. The actuator application is projected to lead the electroactive polymers market during the forecast period. The growth of this segment can be attributed to the increasing use of electroactive polymers in actuator applications owing to their operational efficiency over conventional materials. The actuator application is projected to grow at the highest CAGR between 2017 and 2022.

The Asia Pacific region is the largest market for electroactive polymers across the globe, and is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific region can be attributed to the presence of various key manufacturers of electroactive polymers and increasing demand for electronic applications from countries, such as China, South Korea, Japan, and India. Moreover, the easy availability of raw materials in the Asia Pacific region has attracted several global companies and investors to set up their production facilities in the region, thereby fueling the growth of the Asia Pacific electroactive polymers market.

The major factor restraining the growth of the electroactive polymers market across the globe is the environmental impact of these polymers. Governments in developed countries have enforced stringent regulations on the use of such polymers. Environmental regulations on the use of petroleum products restrict the growth of the electroactive polymers market.

Some of the key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others.

Competition among these players is high, and they mostly compete with each other on the prices and quality of the products, their product portfolios, after sale services, and customized solutions, among others.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Electroactive Polymers Market, By Type

7 Electroactive Polymers Market, By Application

8 Electroactive Polymers Market, By Region

9 Competitive Landscape

10 Company Profiles

• 3M
• AGFA-Gevaert
• American Dye Source
• Artificial Muscle
• Cambridge Display Technologies
• Cedrat Technologies
• Danfoss
• Eamex
• Eeonyx
• Heraeus
• Hyperion Catalysis International
• Kenner Material & System
• Leap Technology
• Lubrizol
• Merck
• Nanosonic
• Novasentis
• Parker Hannifin
• Polyone
• Premix
• RT p Company
• Ras Labs
• Rieke Metals
• Solvay
• Stretchsense

For more information about this report visit https://www.researchandmarkets.com/research/3jrkgh/global?w=5

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