The global PEDOT Market is estimated to be valued at US$ 4.43 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
PEDOT is a conductive polymer which possess properties such as flexibility, high conductivity and transparency. It is used in applications like organic solar cells, organic light emitting diodes (OLEDs), organic thin-film transistors, biosensors and batteries.
Market key trends:
One of the key driver of PEDOT market is rising demand for consumer electronics that use flexible and light-weight displays. PEDOT finds major application in touch panels, flexible displays and touchscreens used in smartphones, tablets and wearable devices. Growing demand for portable consumer electronic devices is expected to fuel the demand for PEDOT over the forecast period. Another major trend is increasing investment in R&D of organic electronic devices where PEDOT plays a vital role. Continuous development is ongoing to enhance the conductivity and stability of PEDOT polymers for various applications.
Segment Analysis:
The global PEDOT market is segmented based on derivative, application, end-use industry and region. Based on derivative, the market is classified into PEDOT:PSS and PEDOT:Tos. Among these, the PEDOT:PSS segment accounts for the largest market share in 2023 and is expected to remain dominant over the forecast period. PEDOT:PSS has high conductivity, neutral charge, and good dispersibility in aqueous solution due to its water solubility. Thus, it enjoys wider application in display and touch screen panels.
Key Takeaways:
The Global PEDOT Market Size is expected to witness high growth, exhibiting a CAGR of 8.4% over the forecast period from 2023 to 2030, due to increasing demand for organic semiconductors in electronic devices. The market size for 2023 is US$ 4.43 Bn.
Regional analysis:
Asia Pacific dominates the global PEDOT market and is expected to remain the fastest growing regional market during the forecast period. The presence of major electronics manufacturing companies along with growing demand for displays in countries such as China, South Korea, Japan, and others drives the Asia Pacific PEDOT market.
Key players:
Key players operating in the PEDOT market are Heraeus Holding, Ossila Limited, Nanoshel LLC, Nagase ChemteX Corporation, Suzhou Yacoo Science Co., Ltd., Agfa-Gevaert N.V., and Qingdao Topwell Chemical Materials Co., Ltd. Heraeus Holding is one of the leading players providing Clevios conductive polymers including PEDOT under the brand name of Clevios.
Read More - https://www.trendingwebwire.com/pedot-market-share-and-size-analysis/
