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Electroactive Polymer Market :Key Industry Insights

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Rohna Patnakar
Electroactive Polymer Market :Key Industry Insights

The Electroactive Polymers Market is estimated at USD 3.51 in 2017, and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. The growth of the electroactive polymers market can be attributed to the increasing demand from the ESD protection, EMI shielding, and actuator applications across the globe. 

Browse 78 tables and 35 figures spread through 134 pages and in-depth TOC on "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".

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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.

Parker Hannifin (US) is one of the leading manufacturers of electroactive polymer-based sensors and actuators. The company has been focusing on new product launches to maintain its leading position in the electroactive polymers market. For instance, in June 2016, the company launched the SensoNODE High-Strain sensor highlighting EAP technology. SensoNODE High-Strain is prepared with a stretchable polymer which can take precise interpretations and readings for a long period of service life.

Solvay (Belgium), and Merck (Germany) are other major players in the electroactive polymers market. For instance, in January 2016, Solvay completed acquisition of the Ryton PPS (Polyphenylene Sulphide) business from Chevron Phillips Chemical Limited (US). Solvay has bought 2 Ryton PPS resin manufacturing units in Borger, Texas. The acquisition is a part of Solvay’s strategic development into a more specialized solution provider.

In November 2015, Merck (Germany) acquired Sigma-Aldrich (US), which has provided Merck the capability of serving life science clients worldwide through this acquisition with a competent set of products. This acquisition also enhanced the position of the company in the electroactive polymers market.

This report provides a detailed analysis of the electroactive polymers market and segments the same based on type, application, and region. Based on type, the market has been segmented into conductive plastics, inherently conductive polymers, and inherently dissipative polymers. Based on application, the market has been segmented into ESD protection, EMI shielding, actuators, capacitors, batteries, sensors, and others. Based on region, the market has been segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and South America.

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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 market.

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