Electroactive Polymer Market Analysis | 2022-2028

Market Insights

"The Electroactive Polymer Market was estimated at USD 3.54 billion in 2021 and is likely to grow at a CAGR of 7.63% during 2022-2028 to reach USD 5.97 billion in 2028".

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Market Dynamics

Introduction

Electroactive Polymer is the type of polymers that can change their shape and size when an electric field stimulates them. These can be conductive plastics, inherently conductive polymers, and inherently dissipative polymers.

Electroactive Polymer has its applications in different areas such as electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, sensors, and others.

Market Drivers

Guided by their exceptional properties electroactive polymers find extensive usage in various end-use industries which drives their market globally.

Segments' Analysis

By Type

"The conductive plastics segment is likely to dominate the market during the forecast period".

• The market is segmented as conductive plastics, inherently conductive polymers, and inherently dissipative polymers.
• Inherently conductive polymer is likely to register the highest growth during the same period.

By Application Type

"The actuators segment is expected to depict the highest growth during the forecast period".

• The market is segmented as electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, sensors, and others.
• Shift from ceramic-based actuators to electroactive polymer-based actuators is likely to lead to a higher growth in the segment.

Regional Analysis

"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.

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Key Players

The following are the key players in the Electroactive Polymer Market (arranged alphabetically).

• AGFA-Gevaert
• Merck & Company, Inc.
• Novasentis, Inc.
• Parker Hannifin Corporation
• PolyOne Corporation
• Premix
• Solvay SA
• The 3M Company
• The Lubrizol Corporation.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com