The global conductive polymers market is projected to grow at a CAGR of 7.60% to reach US$ 8.068 billion in 2024 from US$5.197 billion in 2018.
Conductive polymers offer a unique combination of properties that make them attractive alternatives for traditional conducting materials in a number of applications. These polymers are widely used in applications such as rechargeable batteries, sensors, electromagnetic shielding, and LED display due to their enhanced electrical and thermal properties. Rising disposable income is leading to an increased demand for consumer electronics such as OLED which in turn is accelerating the demand for conductive polymers. With LED lighting gaining traction across the globe, the demand for conductive polymers is set to grow. Furthermore, the growing penetration of biosensors in medical devices is further accelerating the conductive polymers market growth. Thus, the market is poised to grow at a good rate on account of its growing penetration in various applications of the automotive, healthcare, and electronics industry.
Burgeoning penetration of sensors across various industries
Growing demand for consumer electronics across the globe
The rising propensity towards green energy technologies
Investments in smart cities
In June 2016, Heraeus and Songwon partnered together to develop and market high-end products like conductive polymers for the electronics industry.
The major players profiled in the global conductive polymers market include SABIC, Covestro AG, Henkel AG & Co. KGaA., RTP Company, EEONYX, Heraeus Holding, Merck KGaA, Agfa-Gevaert Group, POLYMERITS, and Celanese Corporation among others.
|Market size value in 2018||US$5.197 billion|
|Market size value in 2024||US$8.068 billion|
|Growth Rate||CAGR of 7.60% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Form, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||SABIC, Covestro AG, Henkel AG & Co. KGaA., RTP Company, EEONYX, Heraeus Holding, Merck KGaA, Agfa-Gevaert Group, POLYMERITS, Celanese Corporation|
|Customization scope||Free report customization with purchase|
The global conductive polymers market has been analyzed through the following segments:
Electrically Conductive Polymers
Thermally Conductive Polymers
Inks and Coatings
Electrostatic Discharge Protection (ESD)
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for conductive polymers market?
A1. The conductive polymers market is projected to grow at a CAGR of 7.60% over the forecast period.
Q2. What is the size of global conductive polymers market?
A2. Conductive Polymers market was valued at US$5.197 billion in 2018.
Q3. Who are the major players in the conductive polymers market?
A3. The major players profiled in the global conductive polymers market include SABIC, Covestro AG, Henkel AG & Co. KGaA., RTP Company, EEONYX, Heraeus Holding, Merck KGaA, among others.
Q4. What will be the conductive polymers market size by 2024?
A4. The conductive polymers market is projected to reach a total market size of US$ 8.068 billion by 2024.
Q5. What factors are anticipated to drive the conductive polymers market growth?
A5. Rising disposable income is leading to an increased demand for consumer electronics such as OLED which in turn is accelerating the demand for conductive polymers.