The rising demand for lightweight materials from the automotive industry is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Conductive Polymers Market Size, Share & Industry Analysis, By Type (Polycarbonates, Acrylonitrile Butadiene Styrene (ABS), Nylon, Polyphenylene-Polymer (PPP) based resins, Inherently Conductive Polymers (ICP), Others), By Application (Anti-static Packaging, Capacitors, Actuators & Sensors, Batteries, Solar Energy, Others) and Regional Forecast, 2024-2032.” The increasing technological advancement and digitalization are expected to contribute positively to the growth of the market.
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The report on the conductive polymers market comprises:
- Comprehensive analysis of dominant regions
- Latest market development
- Drivers and restraints
- Competitive landscape
- Study of the main segments
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Market Driver:
Growing Popularity of Fuel-efficient Vehicles to Promote Growth
The growing production of fuel-efficient vehicles is expected to foster the growth of the market. The growing dependence on electronics is expected to escalate the growth of the market. The increasing application of conductive polymers in the automotive industry is expected to spur business opportunities for the market. The increasing collaborations and partnerships among major companies are expected to create lucrative business opportunities for the market. For instance., in February 2018, PolyOne announced that it has signed a partnership agreement with Integral Technologies Inc to commercialize long fiber conductive ElectriPlast material. This technology serves as a complement to companies PolyOne’s existing specialty engineered materials portfolio. Hence, enhancing automotive engineered polymer production along with the adoption of electroplate conductive long fiber technology.
However, the high price of raw materials is predicted to dampen the growth of the market during the forecast period.
Regional Analysis:
Booming Automotive Industry to Boost Growth in Asia Pacific
The market in Asia Pacific is expected to dominate the global market owing to the flourishing automotive industry in China, India, and South Korea. The introduction of new products is expected to support the growth of the market in the region. North America is expected to witness a significant growth rate owing to the rising technological advancement in the region. The well-established automotive industry and rising demand for lightweight automobiles are factors expected to contribute positively to the growth of the market. The growing adoption of conductive polymers in the electrical & electronics industry. The market in Latin America is expected to bolster healthy growth owing to the consumption of conductive polymers in the region. The increasing urbanization and disposable income are expected to influence the growth of the market in the Middle East & Africa.
Key Development:
March 2019: PolyOne showcased its wide range of polymer and colorant solutions and services to tackle customer demands at the Plastimagen tradeshow. The company featured EMI / RFI Shielding and Conductive Formulations, OnColor SC Super Concentrate Technologies, Low VOC / FOG Elastomers, Reinforced Polymer Composite Technologies.
January 2019: Celanese Corporation, a global chemical, and specialty materials company, acquired Next Polymers Ltd., India’s largest engineering thermoplastics (ETP) compounders.
The Report Lists the Main Companies in the Conductive Polymers Market:
- Celanese Corporation
- 3M Company
- Covestro
- Solvay
- Premix Group
- Polyone Corporation
- SABIC
- Eeonyx
- Polyone Corporation
- Agfa Gevaert
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