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Conductive polymers also known as intrinsically conducting polymers (ICPs) are polymers that are organic in nature and have ability to conduct electricity. Conductive polymers are derived by oxidising of monocyclic precursors polymers. These polymers provide hifh conductivity but do not show the same mechanical properties. Conductive polymers offer properties such as high electrical conductivity, stregnth, and durability. Due to these properties conductive polytmers have major application in electrical applications such as transmission cables, wiring, batteries, capacitiors, and others.Conductive polymers being organic materials, the electrical properties can be fine tuned using different organic synthesis methods.
The market for conductive polymers is driven by the rising demand for lightweight materials from the automotive industry. Increasing application of conductive polymers for being used in wiring and cables for automobiles, thus making the vehicle lighther and oil efficient. Additionally, growing technological advancement, digitilasation, and increasing electronical dependence is expected to drive the market for conductive polymers.
Key Market Driver -
Rising demand for lightweight materials from automotive industry
Key Market Restraint -
High prices of raw materials
The conductive polymers market will be affected due to high prices of raw materials. Conductive polymers are made from materials such as ABS, PPS, which are expensive polymers, which is expected to have adverse impact on the industry. Moreover, governmental regulations over environmental concerns also affect the market growth, thus restraining the market for conductive polymers.
Based on type, the market for conductive polymers is segmented into polycarbonates, acrylonitrile-butadiene-styrene (ABS), nylon, polyphenylene-polymer (PPP) resins, inherently conductive polymers (ICP), and others. Based on application, the market is segmented into anti-static packaging, capacitors, actuators & sensors, batteries, solar energy, others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global conductive polymers market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the conductive polymers market includes Celanese Corporation, 3M Company, Covestro, Solvay, Premix Group, Polyone Corporation, SABIC, Eeonyx, Polyone Corporation, Agfa Gevaert, and Others.
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The conductive polymers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region dominates the conductive polymers market owin to the growing automotive industry in China, India, and South Korea. New product launches is expected to support the market growth for consuctive polymers market. In North America, growing technological advancement in the region is augmenting the market growth. Established automotive industry and rising demand for growing lightweight automobiles is driving the market for conductive polymers markets market. Moreover, the adoption of conductive polymers for application in the electrical & electronics industry is supporting the growth of the market in the region. The consumption of conductive polymers market is also increasing in Latin America and Middle East & Africa due to growing urbanisation and growing disposable income among the consumers to drive the market growth.
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