Growing importance of electroactive materials owing to their lightweight, good dielectric and piezoelectric properties is expected drive the market over the forecast period. Increasing use of electrostatic polymers in solar cells for reducing voltage consumption and managing the required voltage outflow is expected to favorably impact the industry in future.
Inherently Conductive Polymers (ICPs) accounted for over 10% of the global volume in 2014 and are expected to witness the fastest growth over the forecast period. Rising importance of ICP for manufacturing Organic Light Emitting Diodes (OLEDs) on account of providing electrical conductivity and optical clarity is expected to have a positive impact on the market.
Increasing use of dispersed form of poly(3,4-ethylenedioxythiophene) (PEDOT) and Polystyrene Sulfonates (PSS) as hole injecting material for R&D of OLED is likely to open new avenues for ICP.
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Application Insights
Electrostatic dissipation (ESD) & electromagnetic interference (EMI) protection dominated the global market generating revenues over USD 950.0 million in 2014. Polyaniline and carbon black filled polymers are majorly used for ESD protection in electronics devices.
Antistatic packaging is expected to witness significant volume gains at a CAGR of 10.1% from 2015 to 2022. Increasing use of polyethylene, polypropylene, and polyethersulfone as antistatic packaging materials in medical devices and electronic components is expected to drive growth.
Other applications include coatings, inks, batteries, capacitors, solar cells, and photovoltaic modules. Shifting consumer preference towards renewable energy generation on account of increasing awareness towards environmental protection is expected to increase the application of solar cells and photovoltaic modules, and thus, have a favorable impact on the market.
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