New York, USA, Oct. 18, 2021 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global conductive polymer market is anticipated to generate a significant revenue of $7,118.5 million at a CAGR of 7.7% during the forecast period, 2020-2027.
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 during the forecast period. 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
Driver: Consumer electronics sector is growing rapidly, which is acting as one of the major driving factor of the global market of conductive polymer. Secured packaging of electric elements to save them from any probable damage by electromagnetic inference or static electricity is the main factor influencing the demand of conductive polymer.
Conductive polymer is also used in battery-powered automobiles for its high energy density. It is also used in the automotive industry for designing lightweight structures and other manufacturing purposes. These factors are expected to enhance the growth of the market during the forecast period.
Restraint: The main restraining factor of the industry is the easy availability of alternative materials with low thermal conductivity compared to conductive polymer.
Opportunity: Eco-friendly properties of conductive polymer are expected to create many opportunities for the market in upcoming years.
Key Segment of the Market
The report has divided the market into different segments based on type, application, and regional analysis.
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Type: Polypyrrole (PPY) Sub-Segment Expected to be the Most Lucrative
Polypyrrole (PPY) sub-segment is forecasted to generate a revenue of $934.0 million by the end of 2027. Exceptional shielding properties of PPY material have increased its application in consumer electronic industry. This is the main factor enhancing the growth of the market segment during the forecast period.
Application: Anti-Static Packaging and Coating Sub-Segment Expected to be the Most Profitable
Anti-static packaging and coating is predicted to dominate the market with a revenue of $3,319.5 million during the analysis period. The main attributor of this growth can be mentioned as the extensive application of anti-static packaging and coating materials in electronic equipment.
Regional Analysis: North America Expected to Lead the Market
North America regional market is forecasted to continue its dominance over the market share with a significant revenue generation. The high demand of conductive polymer in the manufacturing of solar panel in the regional countries is expected to be the main factor behind the growth of the market.
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Key Players and Strategies of the Market
The leading players of the global conductive polymer market include
- Celanese Corporation
- Heraeus Holding GmbH
- Sabic
- American Dyes Inc.
- ABTECH SCIENTIFIC INC.
- Agfa-Gevaert Group
- Merck KGaA
- Rieke Metals, LLC
- KEMET Corporation
- Solvay among many others.
These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.
For instance, in January 2020, KEMET, a leading manufacturer of electronic component, launched a new series of polypropylene film capacitors named “R41T and R76H series AEC-Q200” for the automotive industry. This inclusion is expected to strengthen the company’s product portfolio in the automobile sector.
Impact Analysis of COVID-19 on the Industry
The emergence of coronavirus pandemic has impacted the global conductive polymer market in a negative way. Due to the lockdown and restrictions on working outside, the end-use industries such as automotive sector and consumer electronics industry had to temporarily stop their operations. This factor has affected the market of conductive polymer in a drastic way during the COVID-19 pandemic. However, as the restrictions are being lifted on industrial operations, the market is expected to revive soon.
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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