Surge in demand for electronic products and increase in usage of conducting polymers in solar cell manufacturing have boosted the growth of the global conductive polymer market. By type, the polyaniline (PANI) segment dominated the market. Whereas, by applications, the polymer capacitor segment would manifest the fastest CAGR by 2026. Moreover, the North America region held lion’s share in 2018 and is expected to maintain the dominance throughout the forecast period
The global conductive polymer industry was pegged at $3.9 billion in 2018, and is projected to reach $7.4 billion by 2026, registering a CAGR of 8.1% from 2019 to 2026.
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The PANI segment held the largest share in 2018, accounting for nearly one-fourth of the market, owing to its properties such as high conductivity, electroactivity, and redox activity along with magnetic, optical, and electronic properties. However, the PEDOT segment is expected to register the highest CAGR of 10.6% during the forecast period.
The polymer capacitor segment is projected to manifest the highest CAGR of 9.3% during the forecast period, owing to increase in usage of electric vehicle across the globe, need to curb carbon footprint, usage of internal combustion engine, and to reduce dependency on conventional fuels, the demand for polymer capacitors.
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The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2018, accounting for nearly one-third of the market. However, the market across Europe is anticipated to portray the highest CAGR of 8.8% during the forecast period.
Major market players
- SABIC
- Celanese Corporation
- Agfa Gevaert
- Heraeus Group
- Merck KGAA
- Kemet Corporation
- Solvay
- American Dyes Inc.
- Abtech Scientific
- Rieke Metals
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