Electroactive Polymer Market Report

Market Insights

Electroactive Polymer Market is likely to grow from USD 3.54 billion in 2021 to USD 5.97 billion by 2028 at an impressive CAGR of 7.63% during the forecast period of 2022-2028.

What id electroactive polymer?

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.

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Segments' Analysis

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.

Market Scope & segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The electroactive polymer market is segmented into the following categories. 

By Type:

• Conductive Plastics
  • (Type Analysis: ESD/EMI Compounds, Antistatic Additives, Carbon/Metal Fibers, Carbon Nanotubes, and Others)
• Inherently Conductive Polymers
  • (Type Analysis: Polythiophenes, Polyanilines, Polyacetylenes, Polyphenylene Vinylenes, Polyfluorenes, Polyphenylene Sulfide, Polynaphthalenes, and Others)
• Inherently Dissipative Polymers

By Application Type:

• Electrostatic Discharge Protection
• Electromagnetic Interference Shielding
• Actuators
• Capacitors
• Batteries
• Sensors
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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.
• PolyOne Corporation.

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 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• 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

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