The new report by Expert Market Research titled, ‘Global Electroactive Polymer Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global electroactive polymer market, assessing the market based on its segments like market by product, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 7.5%
The market for electroactive polymers is expected to be dominated by the Asia Pacific region. Demand for electroactive polymers in the region has been boosted by factors such as rising electronic device production and altering customer preferences towards compact and portable consumer electronics and gadgets. South Korea, China, and Taiwan, which are among the world’s top electronics manufacturing hubs, pose a significant challenge to European and North American businesses. In Asia Pacific, demand for electronic components in the consumer electronics industry is increasing at a higher rate. Electronic device demand is expected to rise gradually in the future as consumer disposable income rises, boosting market expansion.
Industry Definition and Major Segments
EAP stands for electroactive polymer, which is a thin-film polymer that changes volume, shape, or size when activated by an electric field. It has the ability to function as both a sensor and an actuator. When an electric field is applied to a film, it changes shape, and this shape change can be used to transport a variety of fluidic products. EAP can also be used as an energy harvester and can create voltage.
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Based on product, the market can be divided into:
• Conductive Polymers
• Inherently Conductive Polymers
• Inherently Dissipative Polymers
Based on the application, the industry is divided into:
• ESD and EMI Protection
• Antistatic Packaging
The regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The global electroactive polymer market is driven by intensive R&D operations on greater certainty usage of inherently conductive polymers in developed nations, which is driving to the industry’s growth. Inherently conductive polymers are soluble organic polymers with electrical properties similar to conductive metals and semiconductors, but at a lower cost. In addition, naturally conductive polymers are in high demand in the robotics, energy harvesting, artificial muscle, pharmaceutical, and electronics industries. During the projection period, rapid technological advancements in these industries are expected to enhance product demand. Electroactive polymers, on the other hand, are created from basic chemicals that are difficult to extract and dangerous to the environment, which could limit market expansion.
Key Market Players.
The major players in the market are Bayer AG, Parker-Hannifin Corporation, 3M, Heraeus, RTP Company, Celanese Corp., and Others.
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Contact Person: Mathew Williams, Business Consultant
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