Increasing requirement for anti-static packaging materials for packing electronic equipment has been impelling conductive polymers market size. Electroactive polymers are greatly used as anti-static packaging material to shield devices against any kind of electromagnetic problems. Increasing requirement of antistatic materials for packing and coating the things that are prone to get electrostatically damaged would foster growth of conductive polymers market in the near future.
U.S. Conductive Polymers Industry Size, By Application, 2014 - 2025 (USD Billion)
Which technology trends will accelerate Europe conductive polymers market growth?
Development in automotive technologies like self-driving cars and artificial intelligence is expected to increase gradually due to growing demands and production of electrical vehicles. As a result, demand for actuators and sensors that used in conductive polymers would also increase.
Increasing acceptance for next-generation vehicles mainly across Europe will proliferate the product demand remarkably. The European Automobile Manufacturers Association claims that Europe is one of the leading automakers in the world with 19.6 million vehicles manufactured in 2017, which is 20% of the total production of vehicles across the world. Surging deployment of electronic content in automobiles will significantly enhance conductive polymers market size over the forecast timeframe.
How will ever expanding electronics sector augment conductive polymers market share?
When the electronic devices are running, they emit electromagnetic frequencies. These frequencies are an obstacle to other electronic devices kept near it or in the vicinity may eventually causes damage to those electronic devices, lowering their lifespan considerably.
In 2018, the global electronic industry was valued at 2.8 trillion USD and is expected to grow at a 4% year-on-year. According to NASA, electrostatic discharge (ESD) causes part replacement costs to be high and also results in greater expenditure on repair labor, deposition, and logistics. These factors would eventually witness positive influence on conductive polymers market trends in forthcoming years.
How much revenue will conductive polymer market account from ABS by 2025?
The demand for ABS conducting polymers has been increasing remarkably owing to their low cost and high-quality conduction capabilities. ABS conducting polymers will account for 25% share of conducting mechanism segment of conductive polymers industry by 2025