Conductive Polymers Market to Reach Valuation of USD 6.72 Billion by 2030 – Growth in the Usage of Electronic Devices and Increasing Investments in the Aerospace and Automotive Sectors Drive the Market

In terms of revenue, the Global Conductive Polymers Market is expected to reach USD 6.72 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 8.5% from 2023 to 2030.

Market expansion is projected to be fueled by the expanding investments in the aerospace and automotive sectors also rising use of electronic devices leads to Conductive Polymers market growth. The increasing adoption of Conductive Polymer capacitors in the IT, telecommunication, and electronics industries due to their excellent properties is a major driver for the growth of the {keyword}} market. In addition, the proliferation of electronic systems for use in industrial enterprises can create productive growth opportunities for key players operating in the global market. The need for more efficient and reliable capacitors has also emerged for monitors and controllers connected to the Internet of Things. These demanding devices often operate in unforgiving settings that make traditional capacitor techniques unattainable. Conductive Polymer capacitors also offer an efficient and cost-effective solution to this problem.

The market for conducting polymers is highly fragmented and consists of a large number of suppliers and buyers belonging to various industries, including electronics, automotive, marine, information technology, aerospace, and defense.

Key Highlights from the Report

· By Type, the polyaniline segment accounted for the largest share of the Conductive Polymers market due to the growing demand for antistatic coatings and printed circuit boards also demand printed circuit boards has increased significantly which leads to the growth of the Conductive Polymers market.

· By Applications, the anti-static packaging and coating segment accounted for the largest market share. Rising demand for this packaging and coating to store, package, and transport items having ESD sensitivity and to protect the equipment from damage are expected to rise the demand for Conductive Polymers across the U.S. and the Asia Pacific region.

· In terms of region, North America will grow the fastest due to the growth of the automotive industry in China and India, new product launches by companies including Volkswagen, and the government's willingness to encourage investment in the sector, the use of electric conductive plastics is expected to increase. materials in motor boxes and wire harnesses.

Market Dynamics

With strict regulations on noise pollution control and the growing importance of low-noise electronic devices, buyers are expected to buy conductive plastics, including ABS and PPS, instead of traditional metals and ceramics. The growing importance of ionic polymers in the electronics industry due to their superior dimensional stability and good conductive properties is expected to remain a favorable factor for the growth of the Conductive Polymers market.

Favorable prospects of electronics industry in Asia Pacific countries such as China, Japan, South Korea, and Singapore along with product launches by key market players such as Samsung and LG, is expected to play a crucial role in driving the demand for conducting polymers. In July 2015, the Government of India launched the "Digital India Campaign", which aims to secure network connections and increase domestic production of digital electronics. This initiative is expected to play an important role in promoting the production of electronic digital products such as smartphones, webcams, and tablets, which is likely to open new opportunities for the conducting polymer market over the next eight years.

The increasing importance of lightweight materials in the automotive industry, driven by a growing awareness of improving fuel economy, is expected to promote the use of ABS and PPS as conductive materials in wiring systems. Additionally, rising defense spending by governments in the Middle East and North America is expected to increase domestic production of military aircraft, which is expected to increase the use of these materials during the forecast period. Asia Pacific will grow the fastest due to the growth of the automotive industry in China and India, new product launches by companies including Volkswagen, and the government's willingness to encourage investment in the sector, the use of electrically conductive plastics is expected to increase. materials in motor boxes and wire harnesses. North America accounted for 45% of the global volume market in 2015. The high adoption of electroactive polymers in the electronics, solar, healthcare, and automotive industries, given the huge potential of the R&D infrastructure in the US and Canada, is expected to have a positive impact. impact on the market for conducting polymers.

The Global Conductive Polymers Market is Segmented as follows

• Type
  • Electrically Conducting
  • Thermally Conducting
• Application
  • ESD/EMI Shielding
  • Antistatic Packaging
  • Electrostatic Coating
  • Capacitor
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

A list of the Key Players of the Global Conductive Polymers Market is

ABTECH Scientific (U.S.), AGFA-GEVAERT NV (AGFA) (Belgium), American Dyes Inc. (Quebec), Celanese Corporation (U.S.), Heraeus Holding GmbH (Germany), Kemet Corporation (U.S.), MERCK KGAA (Germany), Rieke Metals (U.S.), SABIC (Saudi Arabia), Solvay SA (Belgium)

The Global Conductive Polymers Market Scope can be Tabulated below