Global Conductive Polymer Market Expected to USD$ 6.9 Billion By 2020

Date: 2016-09-17

The global conductive polymer market is expected to grow from $4.1 billion in 2015 to $6.9 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 10.8% from 2016 to 2020. The major factors driving the growth of the market include the growing demand for lightweight, high performance and flexible products. The rapid evolution in technologies, such as carbon nanotubes, stimulants miniaturization, dimensional stability and others tend to drive the growth of the market during the forecast period.

Among the various applications, the batteries segment is expected to witness the fastest growth at a CAGR of 12.7%. North America was the largest market for conductive polymer, and accounted for over 64% market share in the global market in 2015. The emerging technologies for use of smart material and its wide application in the industries such as robotics, automotive, optics, medical and others are the key factors propelling the growth of the market in North America.

Europe is expected to be the second largest market for conductive polymers in terms of regional segmentation. End-user applications of batteries and sensors in the automobile industry are expected to drive growth of the conductive polymers market in the region, as conductive polymers serve as one of the key elements in the production of both these automotive electrical components. The presence of key market players such as Ormecon Chemie GmbH, Bayer, etc. is expected to be another key driving factor in Europe.

Asia Pacific is anticipated to witness extensive growth over the next few years due to increasing demand for conductive polymers in applications such as textiles, capacitors, batteries, actuators, sensors, and solar cells. Furthermore, the presence of growing economies such as China and India is expected to further augment the market, on account of the expanding industrial base in the region. Latin America is expected to witness steady growth in the conductive polymers market on account of demand from end-user industries in the region. The Middle East and Africa (MEA) is anticipated to grow along similar lines, especially in growing economies like South Africa and the GCC countries.

According to survey, the region of conductive polymer market share as following:
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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520

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