The global conducting polymers market is estimated to be USD 4.39 Billion in 2017 and projected to reach USD 6.77 Billion by 2022, at a CAGR of 9.0% from 2017 to 2022. Advancements in miniaturization of electronic components is the major factor driving the growth of conducting polymers market. The growth in the market is also triggered by the rising demand for smart electronics and ease of design flexibility provided by these polymers.

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Thermally conducting segment is projected to grow at the highest CAGR

Based on type, the global conducting polymers market has been segmented into electrically conducting and thermally conducting. The thermally conducting segment is projected to grow at the highest CAGR during the forecast period. This expected high growth rate is because of the increasing need for heat dissipation in various applications such as LED, medical devices, cooling & heating systems, and consumer electronics housings.

Others application segment is projected to grow at the highest CAGR

Based on application, the others segment is projected to grow at the highest CAGR between 2017 and 2022. Others segment includes lightweight heat sinks, solar cells, OLEDs, sensors, medical devices, textiles & fabrics, actuators, etc. An increasing demand for biosensors in medical applications; lightweight heat sinks in microchips; OLEDs in lighting application; batteries; and solar cells is fueling the growth of the conducting polymers market globally.

Asia Pacific to be the fastest-growing market for conducting polymers

The conducting polymers market in the Asia Pacific region is projected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the rise of automotive, electronics, and infrastructure industries; huge R&D investments; and construction/renovation of residential & commercial buildings in Asia Pacific countries, such as India, Indonesia, Thailand, and China. North America accounted for the largest share of the global conducting polymers market in 2016, and the dominance is expected to continue during the forecast period. This is due to the early product commercialization, intensive R&D, and rapid growth of the smart fabrics & smart electronics market in this region.

Key players operating in the global conducting polymers market include SABIC, 3M, PolyOne, Heraeus, Celanese, Henkel, and Solvay. Mergers & acquisitions is the key growth strategy adopted by the leading market players. Besides this strategy, major players also engaged in expansions, contracts & agreements, and new product launches to strengthen their position in the global conducting polymers market.

PolyOne is a key player in the global conducting polymers market. The company offers a comprehensive range of conducting polymers for various end-use industries, such as construction, general industry, telecom, transportation, energy & utilities, and mining. The company engaged in contracts & agreements as a part of its strategic developmental activities. In February 2017, the company collaborated with Akboru Elektric (Turkey), a major supplier of lighting systems for gardens, hot tubs, and pools to replace metal with polymer for heat sink application. This enabled Akboru to improve the logistics and manufacturing efficiency by reducing part weight.

Heraeus is another leading manufacturer in the conducting polymers market. The company adopted mergers & acquisitions as a key growth strategy to expand its business globally. It has been focusing on developing conducting polymers through innovation in products. The company offers a wide range of conducting polymers for construction, telecom, transportation, energy & utilities, mining, and other sectors. In September 2017, Heraeus acquired Biotectix, a leading conducting polymer coating provider. This acquisition will help Heraeus strengthen its conducting polymer business, globally.

Conducting Polymers Market, By Type:

• Electrically Conducting
• Thermally Conducting

Conducting Polymers Market, By Application:

• ESD/EMI Shielding
• Antistatic Packaging
• Electrostatic Coating
• Capacitor
• Others

Conducting Polymers Market, By Region:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Central & South America

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