According to a market report by Lucintel, the future of the electroactive polymer market looks promising with opportunities in applications, such as electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, and sensors. The global electroactive polymer market is expected to reach an estimated $4.8 billion by 2028 with a CAGR of 7.5% from 2023 to 2028. The major drivers for this market are rising demand for electroactive polymer based corrosion-inhibiting coatings, increasing use of electroactive polymer in biomimetic and artificial muscles to address serious health issues, and rapidly growing electrical and electronics industry.
In this market, conductive plastic, conductive polymer, and dissipative polymer are the major segments by product type. Lucintel forecasts that conductive polymer will remain the largest product type segment over the forecast period due to the growing demand for affordable organic polymers and its increasing application in actuators & sensors, robotics, and artificial muscles for the medical, electronics, and energy harvesting industries.
Within this market, actuators are expected to remain the largest application segment due to the growing usage of electroactive plastics in actuator application because of their superior operating efficiency.
APAC will remain the largest region due to the continuous expansion of the electronics and automobile manufacturing industries, growing trend of miniaturization, and presence of key manufacturers in the region.
Solvay, Parker Hannifin, Agfa-Gevaert, 3M, and Merck are the major suppliers in the global electroactive polymer market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electroactive polymer market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Electroactive Polymer Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global electroactive polymer market by product type, application, and region, as follows:
Electroactive Polymer Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Conductive Plastics
Conductive Polymer
Dissipative Polymer
Electroactive Polymer Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Electrostatic Discharge Protection
Electromagnetic Interference Shielding
Actuators
Capacitors
Batteries
Sensors
Others
Electroactive Polymer Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global electroactive polymer market by product type (conductive plastics, conductive polymer, and dissipative polymer), application (electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, sensors, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?