Electroactive Polymers Market Global Industry Analysis Report Forecast 2019-2023

Electroactive Polymers Market | Share, Demand, Industry Strategies, Future Trends - Forecast upto 2023

Electroactive Polymers Market Report: Leading Player Some of the prominent players operating in the global electroactive polymers market Solvay (Belgium), Parker-Hannifin Corporation (U.S.) Agfa-Gevaert Group (Belgium), 3M (U.S.), Merck Sharp & Dohme Corporation (Germany), The Lubrizol Corporation (U.S.), NOVASENTIS, INC (U.S.), Premix (Finland), PolyOne Corporation (U.S.) and Kenner Material & System Co., Ltd (China) among others.

Electroactive Polymers Market Report: Market Information Electro active polymer is used in various applications such as ESD & EMI protection, batteries, sensors, and antistatic packaging among others. The growing demand from the developing region across the globe are the major factors driving the global market of the electroactive polymer. The growing application in automobiles and electrical & electronics are other factors contributing to the growth of the market. Among the various application sector, ESD & EMI protection is the dominant segment and is expected to show the same trend during the forecast years.

The inherently conductive polymer product segment is anticipated to grow at an expanding CAGR during the forecast years. The growing investment in the research and development activities in the IPC sector has fuelled its use in the medicines, energy, robotics and smart fabrics sector, which, in turn, is contributing to the growth of the segment. Among the various application segment, the ESD & EMI protection are expected to be the dominant segment. The growing use of advanced technologies in the automobiles is expected to be the major contributor to the segmental growth. The antistatic packaging segment is expected to exhibit a CAGR of over 7.5% during the assessed period. The increasing use of polypropylene, polyethylene in the packaging of consumer electronics and medical devices is substantially propelling the growth of the segment.

Electroactive Polymers Market Report: Competitive Analysis Electroactive Polymers market is highly fragmented market with tier 1 and tier 2 players dominating the overall market. The major strategies adopted by key players are expansion, collaborations or partnerships. In order to meet regulations, set by various bodies of respective

regions, manufacturer is entering into agreement with raw material supplier to maintain profit across the value chain. In highly competitive market, companies are investing more in innovations and brand building thereby, fostering the strong relationship with customer. On other hand, major players are carrying out research & development activities to improve the existing manufacturing process of Electroactive Polymers.

Electroactive Polymers Market Report: Market Segmentation The global electro-active polymers market is segmented into product type and application. 

On the basis of the product type, the market is segmented into conductive polymers, inherently dissipative polymers, inherently conductive polymers, and others.

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On the basis of the application, the global electroactive polymers is further segregated into actuators, sensors, ESD & EMI protection, antistatic packaging, and others.

Electroactive Polymers Market Report: Regional Analysis The global electroactive polymer market is spanned across five key regions: Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa.

Among these, Asia Pacific is expected to be the fastest growing market on account of the growing demand for electroactive polymers in the automobile and electrical & electronic industry. Moreover, the development of retail sector especially in India and China along with the growing penetration of smartphones has surged the demand for consumer electronics, in turn, boosting the market.

North America is anticipated to be the largest market closely followed by Europe. The presence of the development of automobile and electronics sector is the key factor propelling the market.

Moreover, the growing research and development activities in robotics is expected to have a positive impact on the market owing to the extensive use of actuators in robotics.

respectively.