Conducting Polymers Market Size Worth $14.59 Billion By 2032 | CAGR: 9.10%

The global conducting polymers market size is expected to reach USD 14.59 billion by 2032, according to a new study by Polaris Market Research. The report “Conducting Polymers Market Share, Size, Trends, Industry Analysis Report, By Type (Electrically Conductive, Thermally Conductive); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Conductive polymers (CPs) are a class of substances with lengthy molecular chains that can conduct electricity. These substances are employed as prospective substitutes for semiconductors, which are an amazing scientific discovery in and of themselves. Due to their excellent electrical, mechanical, optical, and thermal characteristics, CPs have been used in a wide range of applications. Contrary to traditional polymers, CPs can carry electricity using their structural shape and can be employed in a variety of applications, including electromagnetic shields, nerve conduction channels, electroluminescence detectors, corrosion inhibitors, and other measuring tools.

The growing studies on conductive polymers are finding new applications in the market. A 2023 study focused on finding the applications of nanostructured conducting polymers in energy storage devices. It has been demonstrated that inorganic materials for energy storage devices can improve properties like electrical conductivity, capacitance or specific capacity, long-term stability, and velocity capacity by forming hybrids with polymeric nanostructures and another carbonaceous component or a secondary additive.

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Conducting polymers are used to maintain energy efficiency due to their chemical and mechanical properties. According to the article published in the World Economic Forum, buildings account for 33% of greenhouse gas emissions and 40% of world energy demand. To combat climate change, it will be crucial to ensure that new construction is sustainable and energy-efficient. It facilitates the need for conducting polymers due to their effectiveness in building and storing power.

Over 220 million existing buildings, or 75% of the building stock, are energy inefficient and rely heavily on fossil fuels for heating and cooling in Europe alone. According to a European analysis from the Schneider System Value program, switching 20% of the heating to heat pump applications that use clean electricity would result in a 9% reduction in CO2 emissions. The rising trend for sustainable housing driven by growing non-renewable energy consumption, due to higher CO2 emissions, will further create new growth opportunities for conducting polymers in the coming years.

Conducting Polymers Market Report Highlights

• The electrically conductive segment is expected to witness the highest growth during the forecast period due to the rising technological advancements in electronics.
• In 2022, the ESD/EMI segment held the largest market share owing to the expansion of electronics worldwide.
• In 2022, the North American region held the largest market share, owing to the automotive industry expansion and increasing demand for electric vehicles.
• APAC witnessed the fastest growth with higher CAGR during the forecast period owing to the increasing demand for cleaner and sustainable energy in the region.
• The global players include 3M, Agfa-Gevaert Group, Arkema, Avient Corporation, Covestro, DSM, Eastman Chemical Company, and Ensinger & Ferro Corporation.

Polaris Market Research has segmented the conducting polymers market report based on type, application and region:

Conducting Polymers, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Electrically Conductive
• Thermally Conductive

Conducting Polymers, Application Outlook (Revenue - USD Billion, 2019 - 2032)

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

Conducting Polymers, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Conducting Polymers Market Report Scope