Conductive Polymer Market Outlook - 2026
The global conductive polymer market size was valued at $3.9 billion in 2018, and is projected to reach $7.4 billion by 2026, growing at a CAGR of 8.1%from 2019 to 2026.
Conductive polymer is a class of intrinsically conductive polymer (ICP) that conducts electricity. Conductive polymer exhibits electrical and optical properties similar to that of metals and inorganic semiconductors. It can be engineered to be biodegradable, biocompatible, and porous. It is widely used in the diode, microelectronics industry, diodes, electrochromic display, batteries, and photovoltaics.
Increase indemand forlightweight, high-performance, and inexpensive products is driving the growth of the global conductive polymer market. Furthermore, physical properties of conductive polymer such as dimensional stability, flexibility, chemical resistance, and strength have surged its demand in the global market. Smartphone technology has evolved in recent years since the introduction of mobile phones. Smartphones have replaced many other personal electronic and communication gadgets, owing tom higher resolution cameras, larger touchscreen displays, and incorporation of various high-tech features such as 3D facial recognition at affordable rates.
Smartphones comprisevarious microelectronic and electronic components such as supercapacitors, capacitors, printed circuit boards, batteries, and a variety of sensors, including gyroscopes, accelerometers, proximity sensors, magnetometers, touchscreen sensors, fingerprint sensors, and GPS. Conductive polymer are widely used for antistatic purpose in smartphones.Surge indemand for smartphones due to implementation of advanced technologies such as virtual reality (VR), augmented reality (AR), Internet of Things (IoT), and artificial intelligence (AI) is expected to impact the conductive polymer industry trends.
The development of foldable phones and flexible screens are expected to drive the growth of the market. Furthermore, owing to surge in usage of solar power, researchers and manufacturers seek for ways to increase the efficiency of solar cells. This is attributed to the fact that conducting polymer coating is used to increase the stability and efficiency of solar cells. Presently, organic conductive polymers are incorporated insolar equipmentto absorb light and convert it into electricity. They are widely used in solar equipment, owing to their lightweight, transparency, flexibility, and roll-to-roll production capability.
Furthermore, conductive polymers are used in the production of actuators & sensors and production of light-emitting diode-based (LED) backlights and displays. LEDs have witnessed increasing popular for their low operating voltages and non-expensive production processes. Conductive polymers are used to make rigid and flexible LED displays and lighting.Owing to increase in demand for energy-efficient lighting systems across the globe, the demand for conductive polymers is expected to increase.
However, high cost of production of conductive polymers is expected to hinder the growth of the market. On the contrary, surge in electric mobility is expected to create growth opportunity for conductive polymer market, as conductive polymer is widely used in automobile and EV components such as capacitors, batteries, and sensors. Increase in demand for electric vehicles from both developed and developing nation to curb the increasing pollution and to reduce the dependency on the conventional fuel usage is expected to create lucrative opportunities for conductive polymer market growth in future.
Segment Overview
The global conductive polymer market size is segmented into type, application, and region. On the basis of type, the market is categorized into polyaniline (PANI), polypyrrole (PPy), polyphenylenevinylenes (PPV), PEDOT, polyacetylene, and others. The applications covered in the study comprise anti-static coatings, photographic film, solar cell, display screen, polymer capacitors, LED lights, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Global Conductive Polymer Market, By Region
North America accounted for the major market share in 2018 in the global conductive polymermarket, owing tosurge indemand for antistatic packaging & coatings. Anti-static packaging is used in a various industry to package, store, and transport items with electrostatic discharge (ESD) sensitivity, with an objective to protect the equipment from damage. Owing to rise in demand for portable electronic devices, the demand of conductive polymer in antistatic packaging application is expected to drive the growth of conductive polymer across the North America.
By Region
Europe would exhibit an CAGR of 8.8% during 2019-2026.
Global Conductive Polymer Market, By Type
Polyaniline segment accounted for the major share in 2018 in the conductive polyme rmarket, owing to growth in demand for polyaniline to manufacture antistatic coatings and printed circuit boards. Development of the electronic industry across India and China and increase indisposable income of individualfuel the demand for consumer electronics such as laptop, smartphones, and television. This factor is anticipated to increase the demand for printed circuit boards to be used in consumer electronics. Owing to surge in demand for printed circuit boards, the demand for polyaniline is anticipated to increase, thus augmenting the growth of the global market.
By Type
Polyaniline (PANI) is projected as the most lucrative segment.
Global Conductive Polymer Market, By Application
Depending on application, theanti-static packaging & coating segment accounted for the major conductive polymer market share in 2018. Surge in demand for anti-static packaging & coating to store, package, and transport items having ESD sensitivity and to protect the equipment from damage areexpected to increase the demand for conductive polymer across the U.S. and Asia-Pacific.
By Application
Anti-Static Packaging & Coating is projected as the most lucrative segment.
Competitive Analysis
The major key players operating in the global conductive polymer industry include SABIC, Agfa Gevaert, Celanese Corporation, Merck KGAA, Heraeus Group, Solvay, Kemet Corporation, Abtech Scientific, American Dyes Inc. and Rieke Metals. Other players operating in this market include Lubrizol Corporation, Polymerits, Eeonyx, and Lehmann & Voss & Co.These major key players are adopting different strategies such as joint venture, agreement, and business expansion to stay competitive in the global market.
Key Benefits For Stakeholders
- The global conductive polymer market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides an in-depth analysis of the global conductive polymer market forecast for the period 2019–2026.
- The report outlines the current global conductive polymer market trends and future estimations of the global conductive polymer market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- The key drivers, restraints, andglobal conductive polymer market opportunity and their detailed impact analysis is elucidated in the study.
Conductive Polymer Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Rieke Metals, AGFA-GEVAERT NV (AGFA), Kemet Corporation, ABTECH Scientific, MERCK KGAA, SABIC, CELANESE CORPORATION, Solvay SA, American Dyes Inc., Heraeus Holding GmbH |
Analyst Review
Surge in usage of conductive polymer in applications such as anti-static coatings, photographic film, solar cell, display screen, and capacitor and rise in adoption of energy-efficient lighting, such as LED bulbs, are some of prominent factors that drive the growth of the global conductive polymer market. Furthermore, the consumption of conductive polymer is highest in the U.S., due to increase in demand for anti-static packaging in the U.S. Anti-static packaging is used in a variety of industries to store, package, and transport items having ESD sensitivity, with an objective to protect the equipment from damage. In addition, conductive polymer can be used in certain applications where they can replace semi-metals & metals, where high amount of energy is required in fabrication and processing. Growing application of conductive polymer in portable electronic devices and rise in demand for these devices across the globe are anticipated to drive the growth of the market.
$3.9 Billion is the market size of the global conductive polymer market.
Celanese Corporation, Merck KGaA, Solvay SA, SABIC and Agfa-Gevaert NV, Heraeus Group, Kemet Corporation, Abtech Scientific, American Dyes Inc., and Rieke Metals are the emerging players in conductive polymers industry.
Antistatic packaging & coating, solar cell and polymer capacitor are the major areas of expansion for conductive polymer market due to growing demand for conductive polymer in the manufacturing of these
Automotive industry is projected to boost the demand for Conductive Polymers Market. Conductive polymers are widely used in manufacturing of polymer capacitors. These polymer capacitors are widely used electric vehicles. Owing to increase in usage of electric vehicle across the globe to curb carbon footprint, increased usage of internal combustion engine, and to reduce dependency on conventional fuels the demand for conductive polymer is expected surge.
Growing demand for anti static packaging and coating to package, store, and transport items with ESD sensitivity in order to protect the equipment from damage is the emerging trend in conductive polymer market. In addition, surge in demand for solar panels to use solar energy for residential purpose across the globe is likely to increase the demand for condutive polymers as conductive polymer is widely used in manufacturing of solar cells due to their easy fabrication process, low cost, and p-type semiconductor nature.
Polyaniline and Antistatic packaging & coating are leading segment in the global conductive polymer market.
North America region is expected to hold the highest market share in conductive polymer market.
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