Electroactive Polymers Market

Date: 2016-05

Electroactive Polymers (EAPs) are variants of Polymers that is likely to change the shape or size under the influence of an electric field. EAPs are highly versatile in the nature as they can be easily manufactured into different shapes because of the simplicity involved in processing many polymeric materials. EAPs have been used in the development of artificial muscles which provides a better scope to the field of robotics. While the majority of historic actuators are made of ceramic material, EAPs have caught up after it has been demonstrated that EAP can exhibit more strain than a ceramic actuator. Various factors like demand for new sensors, evolving applications of EAPs in molecular electronics and strong commercial value of EAP based actuators is favoring the market in the future.

The global electroactive polymers market has been analyzed with respect to different parameters such as demand, supply, end-users and manufacturers of electroactive polymers. Electroactive polymers market is categorized based on type, applications and geography. On the basis of type, electroactive polymer market is segmented into Electric EAPs and Ionic EAPs. The global electroactive polymers market is estimated to grow at a CAGR of xx% through 2015-2021. EAPs are widely used in actuators, sensors, artificial muscles etc.

Electroactive Polymers Market

The overall market is also presented from the perspective of different geographic regions and key countries in each region. North America is the dominant market which held more than 60% of market share in the year 2015.This is due to manufacturers聮 constant efforts to advance in the field of robotics in this region. The global electroactive polymers market is expected to reach USD xx billion by 2021 with an estimated CAGR of xx% from 2016-2021.
Electroactive polymers market is dominated by five major companies namely:
AGFA-Gevaert (Belgium)
Celanese Corporation (U.S.)
KEMET Corporation (U.S.)
Lubrizol Advanced Materials Inc. (U.S.) PolyOne Corporation (U.S.)
Parker Hannifin Corporation (U.S.)
3M Co. (U.S.)
These companies have significant presence in the electroactive polymers market. Other players in the market also include:
Premix Oy (Finland)
Solvay S.A. (Belgium)
Cabot Corporation (U.S.)
IonPhase Oy (Finland)
SABIC (Saudi Arabia)
PolyDrop (U.S.)
Eeonyx Corporation (U.S)

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