Growing Demand From Smart Electronics is boosting Electroactive Polymer Market

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The Electroactive Polymers Market is estimated at USD 3.51 in 2017, and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. The growth of the electroactive polymers market can be attributed to the increasing demand from the ESD protection, EMI shielding, and actuator applications across the globe. 

Browse 78 tables and 35 figures spread through 134 pages and in-depth TOC on "Electroactive Polymer Market by Type (Conductive Plastic, Inherently Conductive Polymer, Inherently Dissipative Polymer), Application (ESD Protection, EMI Shielding, Actuators, Capacitors, Batteries, Sensors), and Region - Global Forecast to 2022".

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The key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others.

Among types, the inherently conductive polymer market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022

Based on type, the electroactive polymers market has been segmented into conductive plastics, Inherently Conductive Polymers (ICPs), inherently dissipative polymers. Among types, the conductive plastics segment accounted for the largest share of the electroactive polymers market in 2016. The inherently conductive polymers segment is projected to grow at the highest CAGR during the forecast period. Presently, ICPs are undergoing extensive R&D activities as these are expected to have potential applications in the fields of robotics, energy harvesting, coatings, medicals, and smart fabrics. ICPs exhibit excellent optical and electrical properties, high transparency, high environmental stability, low cost, and high process ability in comparison to other EAPs.

Thus, an increase in the demand for the ICP segment is expected to drive the electroactive polymers market around the globe.

Based on application, the market has been classified into Electrostatic Discharge (ESD) protection, Electromagnetic Interference (EMI), shielding, actuators, capacitors, batteries, sensors, and others. The actuator application is projected to lead the electroactive polymers market during the forecast period. The growth of this segment can be attributed to the increasing use of electroactive polymers in actuator applications owing to their operational efficiency over conventional materials. The actuator application is projected to grow at the highest CAGR between 2017 and 2022.

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The Asia Pacific region is the largest market for electroactive polymers across the globe and is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific region can be attributed to the presence of various key manufacturers of electroactive polymers and increasing demand for electronic applications from countries, such as China, South Korea, Japan, and India. Moreover, the easy availability of raw materials in the Asia Pacific region has attracted several global companies and investors to set up their production facilities in the region, thereby fuelling the growth of the Asia Pacific market.

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