The Global Conductive Polymers Market to Advance at CAGR of 12.50% by 2028

Triton Market Research presents the Global Conductive Polymers Market segmented by Application (Polymer Capacitor, Photographic Film, Anti-Static Packaging & Coating, LED Lights, Solar Cell, Display Screen, Others), Type (Poly(3,4-ethylenedioxythiophene) (PEDOT), Polyaniline (PANI), Polyacetylene, Polyphenylene Vinylenes (PPV), Polypyrrole (PPY), Others), and Geography (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa). The report further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter's five forces analysis, Market Attractiveness Matrix, Value Chain Analysis, Regulatory Framework, Vendor Scorecard, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's research report suggests that the global conductive polymers market is estimated to grow at a compound annual growth rate of 12.50 % over the forecasted period 2021-2028.

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Conductive polymers are referred to as intrinsically conductive polymers that display electrical and optical properties similar to metals and inorganic semiconductors. It is widely used in the microelectronics industry, batteries, and photovoltaics.

In recent years, there is a growing demand for supercapacitors for providing beneficial properties, such as limited lifecycle, critical charging, and cold intolerance. This is likely to enhance the need for conductive polymers in the formulation of supercapacitors. Hence, the growing demand for supercapacitors is open new avenues for the conductive polymers market. However, the high cost of production and volatility in raw material prices challenges the progression of the conductive polymers market.

Geographically, Europe is likely to witness the fastest growth rate in the conductive polymers market through the registered phase. In Germany, the government launched Horizon 2020 to promote the adoption of smart materials, including electroactive polymers for nanotechnology and AI.

This is further estimated to play a major role in enhancing the demand for conductive polymers over the next few years. Furthermore, the high adoption of smartphones and other devices has increased the presence of touch screen manufacturers, which will increase the demand for conductive polymers. Therefore, these trends are predicted to drive the growth of the conductive polymers market across the region.

The major companies involved in the conductive polymers market consists of Agfa Gevaert NV, Heraeus Holding GmbH, The 3M Company, ABTech Scientific, Hyperion Catalysis International Inc, Merck KGAA, Celanese Corporation, Sabic, Lehmann &Voss & Co, The Lubrizol Corporation, Kemet Corporation, Solvay SA, American Dyes Inc, Covestro AG, and Rieke Metals.

Several polymer manufacturers are integrated across the value chain, creating high entry barriers for new market players. However, research institutes in the field of robotics applications are estimated to enter the market in the next few years. This indicates the threat of new entrants to be moderate. On the other hand, numerous petrochemical companies are anticipated to opt for forward integration due to the rising demand for electroactive polymers. Hence, the competition levels among the existing market players are likely to be high over the forecasted period in the conductive polymers market.

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