Electroactive Polymers Market Scope
Electroactive Polymers are the polymers which are able to exhibit a change in their shape or size whenever came in contact with an electric field. They are highly versatile in nature and are mostly applied in electronic applications and automotive industries were they are used in the form of actuators and sensors. These polymers are light weighted, inexpensive, easy in manufacturing and are cost-effective than semiconductors and metal materials. Electroactive polymers market is growing by increasing its wide usage in areas such as medical devices, high-strain sensors, and biomimetics. Growing demand for automobiles will certainly upsurge the demand for electroactive polymers.
The market study is being classified by Type (Conductive Plastics [Antistatic Additives, Carbon/Metal Fibers, Carbon Nanotubes, and Others], Inherently Conductive Polymers (ICPs) [Polythiophenes, Polyanilines, Polyacetylenes, and Others] and Inherently Dissipative Polymers (IDPs)), by Application (Electrostatic Discharge (ESD) Protection, Electromagnetic Interference (EMI) Shielding, Actuators, Capacitors, Batteries, Sensors and Others) and major geographies with country level break-up. According to AMA, the Global Electroactive Polymers market is expected to see growth rate of 8.13%
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Electroactive Polymers market throughout the predicted period.
Agfa-Gevaert N.V. (Belgium), BASF SE (Germany), Cabot Corporation (United States), Celanese Corporation (United States), Heraeus Deutschland GmbH & Co. KG (Germany), Hyperion Catalysis International (United States), KEMET Corporation (United States), MacDermid Performance Solutions (United States), Parker Hannifin Corporation (United States) and PolyOne Corporation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Premix OY (Finland), Rieke Metals Inc. (United States), RTP Company (United States), Solvay SA (Belgium) and The Lubrizol Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Electroactive Polymers market by Type, Application and Region.
On the basis of geography, the market of Electroactive Polymers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Channels will boost the Electroactive Polymers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Adoption of Robot Light Weighted & Development of Soft Robots
- Rising Popularity and Demand for Smart Fabrics
- The Ease of Synthesis, Low Cost of Materials, Flexibility, and Lightweight Nature of Electroactive Polymers
- Increasing Rate of Purchase of Automobiles Globally
- Wide Growth of Smart Electronics Market
- Growing Demand of Piezoelectric and Ferromagnetic Materials for Electronic Applications in Emerging Nations
- Increasing Biomimetic Related Applications in both Developed and Developing Nations
- Rising Environmental Impact due to Electroactive Polymers
- Issue Related With High Volatile Pricing of Electroactive Polymers
- Lack of Extensive Commoditization of EAPS
Key Target AudienceElectroactive polymers Manufacture, Electroactive polymers Distributors, Automotive industries, Electrical Industries and Others
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