Conducting Polymers Market worth $9.6 Billion by 2028 - At a CAGR of 8.8%

Conducting Polymers Market Leaders

The conducting polymers market is projected to reach USD 9.6 billion by 2028, at a CAGR of 8.8% from USD 6.3 billion in 2023. The market growth is driven by factors such as the advancements in minituarization of electronic components, which offers various benefits such as lower costs, greater density, and higher speed.

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Browse 249 market data Tables and 36 Figures spread through 235 Pages and in-depth TOC on "Conducting Polymers Market by Type (Electrically Conductive, Thermally Conductive) application( ESD/EMI Shielding, Antistatic Packaging, Electrostatic Coating, Capacitor), and Region(APAC, Europe, North America, MEA) - Global Forecast"

Recent Developments in Conducting Polymers Market Industry

1. In 2022 Celanese Corporation acquired significant portion of DuPont’s Mobility and Materials business to expand its product portfolio.
2. In 2023 Henkel AG&Co KgaA announced its partnership with Imakr to provide industrial customers in UK and Ireland with its companys Loctite 3D printing product portfolio.
3. In January 2020, Heraeus Holding GMBH announced its partnership with Myant Inc to jointly develop a solution utilizing the company’s Tecticoat coating for electrical sensing applications in textiles.
4. In September 2022, Saudi Arabia Basic Industries Corporation partnered with Conventus Polymers, it assigned it as a authorized distributor of its high performance engineering thermoplastics in North America.
5. In March 2022, Slovay SA announced its partnership with Mitsubishi Chemicals Advanced Materials and collaborated on a sustainable initiative in regards to Solvays Udel high performance polysulfone thermoplastics.

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The key players in this market are Saudi Arabia Basic Industries Corporation ( Saudi Arabia), Henkel AG & Co. KGaA (Germany) , 3M (US), Agfa- Gevaert NV (Belgium), Celanese Corporation (US), Covestro AG (Germany),Heraeus Holding GMBH (Germany), Avient Corporation (US), Solvay SA (Belgium), The Lubrizol Corporation (US). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

Saudi Arabia Basic Industries Corporation - Saudi Arabia Basic Industries Corporation (SABIC) is a diversified chemical company. Established in 1976 by a royal decree, Saudi Arabia Basic Industries Corporation is a renowned public company headquartered in Riyadh, Saudi Arabia and is recognized as one of the largest global petrochemicals manufacturers. With a strong market presence, Saudi Arabia Basic Industries Corporation operates through three Strategic Business Units, Petrochemicals, Agri-Nutrients, and Specialties, along with an independent organization dedicated to Metals (Hadeed).

By focusing on key sectors including construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation, and clean energy, Saudi Arabia Basic Industries Corporation actively identifies and cultivates opportunities to serve its diverse customer base. Saudi Arabia Basic Industries Corporation operates a global network of manufacturing, sales, technology, and innovation facilities across various regions. These operations are overseen by four regional offices: Middle East and Africa, Asia, the Americas, and Europe.

Henkel AG & Co. KGaA - The company was established in 1876 in Düsseldorf, Germany. With a rich history spanning over 145 years, Henkel is at the forefront of reimagining and enhancing daily life. Their diverse portfolio encompasses renowned brands and technologies. The Adhesive Technologies segment of the company holds a top position globally as a producer of adhesives, sealants, and functional coatings. Their innovative solutions drive the transformation of various industries, providing customers with a competitive edge and delivering exceptional experiences to consumers. This segment encompasses renowned brands such as Technomelt and Loctite.

The Consumer Brands portfolio of the company plays a vital role in the daily routines of countless consumers. They provide a wide range of popular, top-quality products that cater to hair care, styling, coloration, laundry care, fabric softening, and more. The company has established a global footprint, operating in regions across the world including Europe, the Americas, Asia-Pacific, the Middle East, Africa, and Oceania.

Conducting Polymers Market New Revenue Pockets

The market size of the conducting polymer market is projected to reach USD 9.6 billion by 2028, at a CAGR of 8.8% from USD 6.3 billion in 2023. Conducting Polymers are comparatively lighter than other alternative materials such as metals and ceramics and are easy to handle, customize, and mold, as they have higher scratch resistance, electrical conductivity, impact strength, and resistance to abrasions, its versatility will contribute to the rapid growth in the demand of conducting polymer.

Based on type, the conducting polymer market has been segmented into Electrically conductive and Thermally conductive. Electrically conductive accounted for the largest share, in terms of value, of the global market in 2023. These plastics are finding increasing acceptance in different end-use industries such as electrical & electronics, automotive, industrial, aerospace, and healthcare. They are also used in various applications such as LED fixtures, interface materials, connectors, radiator end caps, heat exchangers, radiant heating, medical devices, and instrument housing. These factors are driving its demand in the conducting polymer market.

Based on application, the conducting polymer market has been segmented into ESD/EMI Shielding, Antistatic Packaging, Electrostatic coating and Capacitors.

ESD/EMI shielding holds the largest market share in terms of value. ESD usually damages various electronic circuits and devices, thus affecting the electrical & electronics industry. Protection against electrostatic discharge is the biggest application of conducting polymers

Asia Pacific will be the fastest-growing market for conducting polymers. This growth will mainly be attributed to the rapidly increasing population & urbanization, which drives the demand for conducting polymers in booming economies in India and China. Asia is also home to major electronics and automible producing countries like South Korea and Japan, these industries are a major application of conducting polymers. With the increase in demand for electronics worldwide, conducting polymer will be incresasingly required, which is expected to support the conducting polymers market growth during the region's forecast period.

The key global players in the conducting polymers market include Saudi Arabia Basic Industries Corporation( Saudi Arabia), Henkel AG & Co. KGaA (Germany) , 3M (US), Agfa- Gevaert NV (Belgium), Celanese Corporation (US), Covestro AG (Germany),Heraeus Holding GMBH (Germany), Avient Corporation (US), Solvay SA (Belgium), The Lubrizol Corporation (US). New product launches and expansions are the major growth strategies adopted by the key players in the market.