Mergers & Acquisitions and New Product Launches are the Key Strategies Adopted by the Leading Players to Strengthen their Positions in the Electroactive Polymers Market

The electroactive polymers market is estimated at USD 3.51 in 2017, and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. The growth of the electroactive polymers market can be attributed to the increasing demand from the ESD protection, EMI shielding, and actuator applications across the globe.

Browse 78 tables and 35 figures spread through 134 pages and in-depth TOC on "Electroactive Polymer Market by Type (Conductive Plastic, Inherently Conductive Polymer, Inherently Dissipative Polymer), Application (ESD Protection, EMI Shielding, Actuators, Capacitors, Batteries, Sensors), and Region - Global Forecast to 2022"

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Among types, the inherently conductive polymer market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022

Based on type, the electroactive polymers market has been segmented into conductive plastics, Inherently Conductive Polymers (ICPs), inherently dissipative polymers. Among types, the conductive plastics segment accounted for the largest share of the electroactive polymers market in 2016. The inherently conductive polymers segment is projected to grow at the highest CAGR during the forecast period. Presently, ICPs are undergoing extensive R&D activities as these are expected to have potential applications in the fields of robotics, energy harvesting, coatings, medicals, and smart fabrics. ICPs exhibit excellent optical and electrical properties, high transparency, high environmental stability, low cost, and high process ability in comparison to other EAPs.

Thus, an increase in the demand for the ICP segment is expected to drive the electroactive polymers market around the globe.

The actuator application is projected to grow at the highest CAGR between 2017 and 2022

The Electrostatic Discharge (ESD) protection application accounted for the largest share of the electroactive polymers market in 2016. Electroactive polymers are used in various applications, ranging from sensors and actuators for electronic appliances to artificial muscles and motion generating devices. These are steadily replacing traditional polymers as well as metals owing to the unique electrically conductive characteristics. ESD and EMI are the major applications of electroactive polymers. Other applications of electroactive polymers include capacitors, sensors, actuators, batteries, and others. Increased demand from ESD protection, EMI shielding, and actuator applications is expected to supplement the growth of electroactive polymers during the forecast period.

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