New York, USA, June 22, 2021 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global conductive polymer market is projected to register a revenue of $7,118.5 million at a CAGR of 7.7% during the forecast period (2020-2027), increasing from $4,842.8 million in 2020. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Dynamics of the Market
Drivers: In the electronic sector, conductive polymer is used to safely secure the electronic equipment so that these equipment don’t interfere with static electricity and other risky components such as electrostatic discharge and radio frequency intrusion. This is one of the major factors behind the growth of the market.
Restraint: Expensive cost of conductive polymer because of fluctuations in raw material costs is expected to restraint the growth of the market during the forecast period.
Opportunity: “Go Green” initiative by the government is expected to create umpteen opportunities for the market in upcoming years.
Key Segments of the Market
The report has divided the market into different segments based on type, application, and regional outlook.
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- Type: Polypyrrole Sub-Segment Expected to be the Most Lucrative
Polypyrrole (PPY) conductive polymer sub-segment is predicted to generate a significant revenue of $934.0 million during the forecast period. Polypyrrole materials are known for their exceptional defensive properties. Because of such properties, PPY materials are used in vast range of applications including production of LEDs, panel displays. These are the major factors behind the growth of the market segment.
- Application: Anti-Static Packaging and Coating Sub-Segment Expected to be the Most Profitable
The anti-static packaging and coating sub-segment garnered over $2,292.8 million in 2019 and is further estimated to record the highest revenue of $3,319.5 million during the forecast period. Anti-static and coating polymers are used to package and secure electronic devices during transportation. This is the main factor enhancing the growth of the market segment.
Region: North America Expected to Dominate the Market
North America regional market generated the highest market share of around 32.9% in 2019 and is further expected to garner the highest revenue during the forecast period. The main attributor behind this growth is the high demand of conductive polymer in electronic companies across North America.
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Key Market Players and Strategies
The most significant players of the global conductive polymer market include
- Merck KGaA
- American Dyes Inc.
- Sabic
- Celanese Corporation
- Heraeus Holding GmbH
- Agfa-Gevaert Group
- KEMET Corporation
- ABTECH SCIENTIFIC INC.
- Solvay
- Rieke Metals, LLC
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.
In June 2020, KEMET Corporation, a manufactures a broad selection of capacitor technologies, completed the acquisition Yageo Corporation, a Taiwan-based electronic component manufacturing company. This acquisition is expected to enable Yageo to be well positioned as a one-stop provider of passive electronic components, including a leading portfolio of polymer, ceramic, tantalum, film and electrolytic capacitors, circuit protection chip resistors, magnetics, sensors, and actuators.
Covid-19 Impact Analysis on the Market
The Covid-19 pandemic has impacted the conductive polymer market in negative way. This is because of the restrictions imposed by the authorities across nations. Supply chain was interrupted for a while, which has impacted the industry in a drastic way. Apart from this, the temporary closure of end-use industries also took a toll on the global market.
In Addition, the report having some numorus point about the leading Business Manufactures, Like, SWOT analysis, Product Portfolio, Finanical Status - Inquire to Get access for Detailed Top Companies Development Strategy Report
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