Conductive Polymer Market to Witness 9% CAGR During 2016 – 2022 Globally

The study suggests that the global conductive polymer market is likely to grow from $4,127.4 million in 2015 to $8,462.2 million by 2022. The increasing use of lightweight and high-performance smart materials, growing demand of conductive polymers in a wide range of applications, rapid industrialization, and growing economy of developing Asian countries are the factors that are expected to drive the demand for conductive polymers over the forecast period.

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As per the findings of research, the polyaniline was the largest contributor to the global conductive polymer market in 2015, in terms of volume and value. However, the inherent conductive polymer is expected to witness the highest growth, in terms of value, during the forecast period.

ESD & EMI protection formed the largest application area for conductive polymer, with 28.2% of the global market in 2015 in terms of value. However, the demand of conductive polymer is expected to witness the fastest growth in actuators, growing at a CAGR of 11.5% during the forecast period in terms of value.

Geographically, North America has been the largest market for conductive polymer, where the U.S. has been the largest contributor to the regional market. China is the major market in the Asia-Pacific region, while the U.K. remains the highest revenue generator in the European Market. In the Rest of the World, Brazil was the largest market for conductive polymers.

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The factors driving the growth of the conductive polymer market are increasing use of lightweight and high-performance smart materials, growing demand in a wide range of applications, rapid industrialization, and growing economy of developing Asian countries. Conductive material as smart material is used in making various products and applications for industries related to automotive,

Some of the key players in the global market include The Dow Chemical Company, Solvay S.A., RTP Company, 3M Company, The Lubrizol Corporation, Henkel AG & Co. KGaA, and Saudi Basic Industries Corporation.

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