Report Suggests Growth In Electroactive Polymers
According to a new market research report, 'Global Electroactive Polymers Market (2009 - 2014)', published by MarketsandMarkets the global electroactive polymers product market is expected to be worth US$2.78 billion by 2014, growing at a CAGR of 8.3% from 2009 to 2014. The North American market is expected to account for nearly 65% of the total revenues.
Technological developments in the electronics and semiconductor industries have led to the creation of polymers that change shape on the application of voltage. The biggest application for electroactive polymers (EAPs) lies in their future use as actuators and sensors, which in turn opens up a huge spectrum of applications in the fields of electronics, healthcare, sensing, and solar energy generation.
With the growing market for each of these applications, EAP is set to become a mainstream market in the next five years. However, the technical specifications for each application differ widely, and extensive research and investments are still needed for developing application-specific EAPs. As the EAP market is still in the early phase, it presents a lot of advantages for the early movers. As there are not too many companies involved now, detailed knowledge of the competitors will be crucial for the success of each company.
The conductive plastics segment forms the largest submarket of the overall electroactive polymers market, with an expected US$2.25 billion by 2014 at a CAGR of 7.3% from 2009 to 2014. The high market size of conductive plastics follows from its extensive use in electrostatic discharge and electromagnetic interference protection. Intensive R&D efforts, early product commercialization, and the high absorption rate of electronic products made North America the dominant market in 2008. The region held a 64% share of the global electroactive polymers product market, followed by Europe with a 22% share in the same year.
This report aims to identify and analyze products and applications that use electroactive polymers. The report has segmented the global electroactive polymers market as follows:
- Electroactive polymers product market Conductive plastics, Inherently
Conductive Polymers (IDPS) and Inherently Dissipative Polymers (IDPS)
- Electroactive polymers application market OLED, Capacitors, Batteries,
Organic transistors, Sensors, Solar cells, Actuators, Textiles and
fabrics, Electromagnetic interference (EMI), Electrostatic discharge
(ESD), Antistatic packaging, Paints and coatings and others.
- Electroactive polymers technology market ICPs doping technology,
Benefits of ICPs and technical aspects of conductive plastics