Global Conductive Polymers (CPs) Market Size to Reach USD 7.73 Billion in 2032 | Emergen Research

Vancouver, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global Conductive Polymers (CPs) market size was USD 3.60 Billion in 2022 and is expected to register a steady revenue CAGR of 8.0% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of technological enhancements in conductive polymers, increasing need of environmentally sustainable solutions and R&D projects for development of CPs, and rising demand for lightweight materials for the automobile industry are key factors driving market revenue growth.

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Inherently Conductive Polymers (ICPs) are specialty polymers, which are lightweight, corrosion resistant, and easy to process, that conduct electricity without the use of metallic additives. These polymers also provide low cost and convenient molecular modification adaptability. In addition, recent advancement of graphene enhanced polymer is due to large surface area, high electrical conductivity, and facile manufacturing methods is another key factor driving revenue growth of the market. CPs also provide reduced costs, better safety and reliability, sustainability, and high pseudo capacitance, due to which these can be used in supercapacitors and in aerospace, automotive, sports, marine, biomedical and energy industries.  Hence, major companies are partnering and launching innovative products by adopting this technology for different industrial applications.

 For instance, on 15 February 2023, Graphmatech AB, a leading developer of graphene-enhanced polymers announced its partnership with ST Blowmoulding to achieve the first successful blow molding manufacture of graphene-carrying High-Density Polyethylene (HDPE) liners on their ASPI 200 BM machine. Moreover, increasing use of Conductive Polymers (CPs) for manufacturing various sensors, such as gas sensors, is also expected to drive market revenue growth during the forecast period. This is due to their main advantages of tunable conductivity, room temperature functioning, and flexibility. Furthermore, these polymers also offer environment stability, low density, reduced cost, and various techniques of operation.

However, high and heavy filler content of CPs is a key factor, which could restrain market revenue growth. This results in slower and more tedious manufacturing processes in such connected industrial plants due to hefty weight and lifting activities involved in such processes. In addition, risk of solid granular filler settling during shipment and storage is also another factor, which could restrain market revenue growth. This is due to repetitive mixing of contents prior to the start of any application as a result of protracted storage or resting time. Moreover, inadequate electroactive stability, mobility control, mechanical qualities, and bioactive molecule concentration and presentation are other factors, which could restrain market revenue growth.

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Scope of Research

Major Companies and Competitive Landscape

The global Conductive Polymers (CPs) market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective solutions. Some major players included in the global Conductive Polymers (CPs) market report are:

• Heraeus Holding
• 3M 
• SABIC
• Solvay 
• KEMET Corporation
• Celanese Corporation
• Covestro AG
• Hyperion Catalysis International
• DuPont
• Eastman Chemical Company
• PolyJoule, Inc.
• Merck KGaA
• Lehmann&Voss&Co.
• The Lubrizol Corporation
• Rieke Metals, LLC
• American Dye Source, Inc.
• Agfa-Gevaert Group
• Avient Corporation
• Westlake Plastics
• RTP Company

Strategic Development

• On 1 November 2022, Celanese Corporation, a multinational chemical and specialty materials firm announced the acquisition of the bulk of DuPont's Mobility & Materials (M&M) business. Celanese acquired a diverse portfolio of engineered thermoplastics and elastomers, industry-leading brands and intellectual property, worldwide manufacturing assets, and a world-class organization as a part of the purchase.
• On 19 August 2022, Panasonic, a global pioneer in Capacitor Products announced the launch of a New EEF-KX Series surface mount specialty CP aluminum electrolytic capacitors with a high endurance of 5,500 hours at 125°C. This allows its usage in applications requiring unusually long life. The EEF-KX Series provides innovative high-temperature long-life parts by utilizing Panasonic's patented CP forming and manufacturing process technology.

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Some Key Highlights From the Report

• The CP composites segment accounted for largest revenue share in the global CPs market in 2022. This is due to key advantages of CPs, which include corrosion resistance, ease of production capacity, and low cost. CP composites also provide reduced weight, conductivity control, excellent flexibility, and mechanical shock absorption. In addition, CPs and their composites are used to improve the speed and sensitivity of various biosensors. Moreover, latest innovation in electroconductive hydrogels is also expected to drive revenue growth of this segment during the forecast period. This is due to their potential to be used in bioelectronic devices for neural or cardiac interfaces, such as cardiac patches, electronic skin, and neural prosthetics. Furthermore, these polymers offer future potential in fields such as drug delivery, tissue healing, medical implants, and others. For instance, on 3 May 2023, scientists at the University of Hong Kong (HKU) discovered the most recent type of electroconductive hydrogels with exceptional mechanical strength and manufacturability. As a result, there are various potential opportunities for creating and developing new bioelectronic devices.
• The capacitors segment is expected to register steadily fast revenue growth rate in the global CPs market during the forecast period. This is attributed to benefits of polymer capacitors including their high frequency performance and stability with respect to temperature changes and voltage bias. In addition, capacitors also offer high ripple current capability, wide working temperature range, and elimination of acoustic noise. Moreover, current advancement of polymer tantalum due to key advantages of improved electrical conductivity, cost-effectiveness, increased space-saving, and long-term stability is also expected to drive revenue growth of this segment during the forecast period. Hence, prominent corporations are adopting this technology and producing new products that are being used in a wide range of applications. For instance, on 16 February 2023, Panasonic, announced the launch of a new TLE Series and the expansion of TDC Series POSCAP conductive polymer tantalum solid capacitors with high voltage, large capacitance, and a long-life span in a small case size, which are excellent for noise reduction and power line voltage smoothing in high-load current applications.
• The Acrylonitrile-Butadiene-Styrene (ABS) segment is expected to account for significantly large revenue share in the global CPs market during the forecast period. This is due to increasing use of ABS as these offer high tensile strength, low melting point, physical impact, and chemical corrosion resistance. In addition, ABS also provides cost savings, aesthetic appearance, repetitive recycling capability, color and surface texture versatility, and lightweight. ABS is applied in the production of lightweight and rigid and molded products, such as automobile body parts, pipes, and enclosures. Moreover, recent development of ABS copolymer/Reduced Graphene (rGO) composites using latex technology is due to major advantages including better thermal and mechanical qualities, as well as good electrical conductivity is also expected to drive revenue growth of this segment during the forecast period.
• The North America market accounted for largest revenue share in the global CPs market in 2022. This is attributed to rapid technological advancements and enhancements to current polymers by leading business firms. In addition, collaborations between these major companies, as well as new Research & Development (R&D) initiatives, are also expected to drive market revenue growth of this region during the forecast period. For instance, on 7 March 2023, scientists at Lawrence Berkeley National Laboratory (Berkeley Lab) announced the creation of HOS-PFM, a CP covering that enables longer lasting, more powerful lithium-ion batteries for Electric Vehicles (EVs).

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Emergen Research has segmented the global Conductive Polymers (CPs market on the basis of conduction mechanism, type, application, product, and region:

• Conduction Mechanism Outlook (Revenue, USD Billion; 2019-2032)
  • CP Composites
  • Inherently Conductive Polymers

• Type Outlook (Revenue, USD Billion; 2019-2032)
  • Electrically Conductive
  • Thermally Conductive

• Application Outlook (Revenue, USD Billion; 2019-2032)
  • Capacitors
  • Actuators & Sensors
  • Batteries
  • Solar Cells
  • Electroluminescence
  • Printed Circuit Board
  • Others

• Product Outlook (Revenue, USD Billion; 2019-2032)
  • Acrylonitrile-Butadiene-Styrene (ABS)
  • Polycarbonates
  • Polyphenylene-Polymer (PPP) based Resins
  • Nylon
  • Inherently Conductive Polymers (ICP)
  • Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa

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