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Global Electroactive Polymer Market: By Product: Conductive Polymers, Inherently Conductive Polymers, Inherently Dissipative Polymers, Others; By Application: ESD and EMI Protection, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Electroactive Polymer Market Outlook

The global electroactive polymer market attained a value of USD 4 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 7.5% to reach USD 6.20 billion by 2026.

 

Global Electroactive Polymer Market

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Increasing Demand for Sensors and Actuators to Augment the Electroactive Polymer Industry Growth

Based on application, sensors and actuators are projected to account for a significant market share due to their extensive use in electrical and electronic components, particularly sensitive devices, because of their capacity to prevent electrostatic discharge and dust attraction.

Sensors play an important role in the manufacturing and industrial equipment industries and are utilised for process control, monitoring, and safety of machines. Actuators have a widespread application in the automotive and automobile industries. They play an important role in both day-to-day tasks like packaging, label scanning, and printing and complex tasks like robotic controls.  This has significantly contributed to the growth of the electroactive polymer industry.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Electroactive Polymer Industry

The Asia Pacific region is estimated to account for a significant share of the electroactive polymer industry. Electroactive polymer requirements in the region have been driven by factors such as increased electronic device production and shifting consumer preferences towards compact and portable consumer electronics and gadgets. South Korea, China, and Taiwan are some of the world’s largest electronics production bases and offer tough competition to European and North American producers. In terms of demand, electronic components in the Asia Pacific have the highest growth rate in the consumer electronics industry. The demand for electronic items is expected to rise consistently in the future as the consumer disposable income increases, consequently propelling the market.

 

Electroactive Polymer: Market Segmentation

Electroactive polymer, abbreviated as EAP, is a thin-film polymer that changes its volume, shape, or size when stimulated by an electric field. It can act as a sensor or an actuator. After applying an electric field to the film, it will change in shape and this change in shape can be utilised to move various fluidic types of products. EAP can also generate voltage and can be utilised as an energy harvester. After stretching the film and allowing it to relax again, it will generate a voltage that can be stored in a battery or capacitor.

 

Global Electroactive Polymer Market by Segment

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By product, the market is divided into:

  • Conductive Polymers
  • Inherently Conductive Polymers
  • Inherently Dissipative Polymers
  • Others

Based on application, the industry can be segmented into:

  • ESD and EMI Protection
  • Antistatic Packaging
  • Actuators
  • Sensors
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Electroactive Polymer Market by Region

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Increasing Demand for Inherently Conductive Polymers to Bolster the Global Electroactive Polymer Industry Growth

Inherently conductive polymers are projected to occupy a substantial market share in the electroactive polymer industry during the forecast period. Inherently conductive polymers are low-priced soluble organic polymers that have electrical characteristics akin to conductive metals and semiconductors. The extensive R&D activities in developed regions like North America on various potential applications of inherently conductive polymers are contributing to the growth of the electroactive polymer industry. Additionally, inherently conductive polymers are in high demand in robotics, energy harvesting, artificial muscle, medical, and electronics industry. The rapid technological advancements in these industries are expected to enhance the product demand in the forecast period. However, electroactive polymers are manufactured from raw materials that are arduously extracted and dangerous to the environment, which may hamper the market growth.

 

Key Industry Players in the Global Electroactive Polymer Market

The report gives a detailed analysis of the following key players in the global electroactive polymer market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bayer AG
  • Parker-Hannifin Corporation
  • 3M
  • Heraeus
  • RTP Company
  • Celanese Corp.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product  Conductive Polymers, Inherently Conductive Polymers, Inherently Dissipative Polymers, Others
Breakup by Application ESD and EMI Protection, Antistatic Packaging, Actuators, Sensors, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Bayer AG, Parker-Hannifin Corporation, 3M, Heraeus, RTP Company, Celanese Corp., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electroactive Polymer Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electroactive Polymer Historical Market (2018-2022) 
    8.3    Global Electroactive Polymer Market Forecast (2023-2028)
    8.4    Global Electroactive Polymer Market by Product 
        8.4.1    Conductive Polymers  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Inherently Conductive Polymers 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Inherently Dissipative Polymers 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Electroactive Polymer Market by Application
        8.5.1    ESD and EMI Protection
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Antistatic Packaging 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Actuators
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Sensors
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Electroactive Polymer Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Electroactive  Polymer Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Electroactive Polymer Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Electroactive Polymer Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Electroactive Polymer Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Electroactive Polymer Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Bayer AG
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Parker-Hannifin Corporation
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    3M
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Heraeus
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    RTP Company
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Celanese Corp.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others 
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Electroactive Polymer Market: Key Industry Highlights, 2018 and 2028
2.    Global Electroactive Polymer Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Electroactive Polymer Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Electroactive Polymer Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Electroactive Polymer Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Electroactive Polymer Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Electroactive Polymer Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Electroactive Polymer Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Electroactive Polymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Electroactive Polymer Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Electroactive Polymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Electroactive Polymer Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Electroactive Polymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Electroactive Polymer Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Electroactive Polymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Electroactive Polymer Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Electroactive Polymer Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Electroactive Polymer Market Structure

Key Questions Answered in the Report

In 2020, the global electroactive polymer market attained a value of nearly USD 4 billion.

The market is projected to grow at a CAGR of 7.5% between 2023 and 2028.

The major drivers of the market are the growing consumer shift towards compact and portable consumer electronics and gadgets,  increased electronic device production, and increasing disposable income.

The growing research and development activities and technological advancements are the key trends driving the market forward.

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.

Inherently conductive polymers, conductive polymers, and inherently dissipative polymers, among others are the major types of products in the industry.

Sensors and actuators segment is the dominant application.

The major players in the industry are Bayer AG, Parker-Hannifin Corporation, 3M, Heraeus, RTP Company, and Celanese Corp., among others.

Analyst Review

The global electroactive polymer market attained a value of USD 4 billion in 2020, driven by the growing consumer shift towards compact and portable consumer electronics and gadgets. Aided by the growing technological advancements and growing research and development activities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the global electroactive polymer industry can be segmented into conductive polymers, inherently conductive polymers, and inherently dissipative polymers, among others, with inherently conductive polymers accounting for the largest market share. By application, the market is divided into ESD and EMI protection, antistatic packaging, actuators, and sensors, among others, with sensors and actuators accounting for the largest market share. The major regional markets for the electroactive polymer are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Bayer AG, Parker-Hannifin Corporation, 3M, Heraeus, RTP Company, and Celanese Corp., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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