Conductive Polymers Market (Type - Polyaniline, Polypyrrole, Polyphenylenevinylene, PEDOT, and Polycarbonates; Application - Anti-static Coatings, Photographic Film, Solar Cell, Display Screen, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the conductive polymers market provides in-depth analysis of segments and sub-segments in the global as well as regional conductive polymers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional conductive polymers market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global conductive polymers market. According to the report, the global conductive polymers market is projected to grow at a CAGR of over 8% over the forecast period of 2022-2028.

Market Insight

The global conductive polymers market was valued at about USD 6 billion in 2022 and is expected to reach nearly USD 10 billion in 2028, with a CAGR of over 8% during the forecast period. Conductive polymers are organic polymers used to conduct electricity. Conductive polymers are lightweight and inexpensive plastics and are known as intrinsically conducting polymers (ICPs). Conducting polymers offers excellent chemical, oxidative and thermal stability due to their low hydrogen content and aromatic structure. The conducting polymers are insoluble in all types of common solvents. Conductive polymers have very high melting and softening point owing to the aromatic structure and absence of freely rotating groups. The rising demand for consumer electronics, such as mobile phones, displays, and TVs, will propel product utilization of conductive polymers during the forecast period. The demand for consumer electronics from households is set to accelerate because of the growing disposable incomes, changing lifestyles, and easy access to financials.

Rapidly increasing demand for effective, smart, compact, and inexpensive products in the electronics industry are the major factor driving the growth of the conductive polymers market during the forecast period. In addition, the benefits offered by the conductive polymers biosensors and super including stability, flexibility, and high resistance are useful in applications including LED lighting, and capacitors that help contribute to the growth of the conductive polymers market. Furthermore, conductive polymers are considered an alternative to silicon in the photovoltaic industry. However, the thermal conductivity offered by the conductive polymers is lower than the other conventional materials such as ceramics which may hamper the market growth. Moreover, the rising use of conductive polymers in various applications such as Ultra-capacitors, packaging, sensors, and display materials is projected to create more opportunities during the forecast period. 

COVID-19 has negatively affected the market growth during the forecast period. The novel covid-19 epidemic had an undesirable impact on the worldwide conductive polymer industry. This is because of the shutdown of several end-use industrial activities including consumer electronics, automotive, and others. For example, COVID-19 had a wide impact on the automotive sector because of the interruption in the manufacturing of automobile parts as well as clogged activities in production plants. This is rising pressure on the worldwide logistics and supply chains. Because of these aspects, the growth of the conductive polymers market was negatively affected during the covid-19 pandemic within the forecast period.

Among the regions, North America dominates the conductive polymers market owing to the high demand for conductive polymers in the end-use industries such as the solar industry, automobile, and LED industry. Furthermore, the growing research and developments on conductive polymers are likely to contribute to the growth of the conductive polymers market in the North American region. Europe is the second largest market in conductive polymers due to the presence of many players in this region. Asia-Pacific region is growing at the highest CAGR among other geographies owing to the use of conductive polymers in various applications such as smart textiles, batteries, and sensors is rising rapidly which creates the demand for conductive polymers in this region.

Segment Covered

The report on the global conductive polymers market covers segments such as type, and application. On the basis of type, the sub-markets include polyaniline, polypyrrole, polyphenylenevinylene, pedot, and polycarbonates. On the basis of application, the sub-markets include anti-static coatings, photographic film, solar cell, display screen, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Ormecon Pvt Ltd, GeoTech, LLC, Covestro AG, Saudi Arabia Basic Industries Corporation, Heraeus Holding, Agfa-Gevaert, Solvay S.A., Merck, Celanese, and The Lubrizol Corporation.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the conductive polymers market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.