Electroactive Polymer Market to experience an impressive growth of 7.4% during 2020-2025
January 28, 2020
Electroactive Polymer Market is likely to witness an impressive CAGR of 7.4% during the forecast period. Guided by their exceptional properties electroactive polymers find extensive usage in various end-use industries which drives their market globally.
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Electroactive Polymer Market Segment Insights:
By Type:
Based on the type, the market is segmented as conductive plastics, inherently conductive polymers, and inherently dissipative polymers. The conductive plastics segment is likely to dominate the market during the forecast period. Inherently conductive polymer is likely to register the highest growth during the same period.
By Application Type:
Based on the application type, the market is segmented as electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, sensors, and others. The actuators segment is expected to depict the highest growth during the forecast period. Shift from ceramic-based actuators to electroactive polymer-based actuators is likely to lead to a higher growth in the segment.
By Region:
In terms of regions, Asia-Pacific is expected to register the highest growth of electroactive polymers in the coming five years. China and India are the growth engines of the region. The market is driven by the growing use of electroactive polymers in the end-use industries in the region. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key Players:
Some of the key electroactive polymer suppliers are Solvay SA, Parker Hannifin Corporation, AGFA-Gevaert, The 3M Company, Merck & Company, Inc., Premix, The Lubrizol Corporation, Novasentis, Inc., and PolyOne Corporation.
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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