In 2017, North America was the largest revenue contributor to the conductive polymers market, with more than 55.0% share. Due to the continuous advancements in technology for the upgradation of electronic products by key players, the market grew steadily in the region. Conductive polymers have a wide application area, owing to their numerous benefits, such as electromagnetic shielding of electronic circuits, the potential to be used as anti-static coating material to hinder the electrical discharge exposure on photographic emulsions, and possession of optical and electronic properties generally associated with inorganic compounds and metals.
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Conductive polymers have a large scope in the electrical and electronics industry, owing to the increasing consumer demand for technologically advanced products. There has been a rise in the demand for displays, flexible and wearable electronics, and other inorganic semiconductors. Further, the demand for lightweight and high-performance materials for electronic items, such as laptops, cell phones, and gadgets, is also rising. Across the globe, the U.S., China, and Japan dominated the manufacturing of these products, thereby driving the conductive polymers market.
The global conductive polymers market is growing due to the increasing preference for lightweight and high-performance electronic products, as well as a growing demand for polymers in a wide range of applications. Conductive polymers, in simple terms, are organic polymers, through which electricity flows easily. These polymers can act as both metallic conductors and semiconductors.
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The economy of emerging nations is driven by increased foreign direct investments in different sectors, particularly in industrial manufacturing. Rapid industrialization in these nations in the last few decades has brought a significant change in the use technology to increase the production of goods. Some of the major industries witnessing rapid technological advancements include electronics and automotive, in which these polymers are widely used.
With the rapid growth in the sales of automobiles and electronic products in emerging economies, the demand of these polymers is expected to increase during the forecast period, creating growth opportunities in the conductive polymers market.
EMI shielding refers to the protection against electrostatic discharge (ESD) of electronic devices. The effects of electromagnetic interference are becoming more and more pronounced, caused by the demand for high-speed electronic devices operating at higher frequencies; intensive use of electronics such as computers, communication equipment and cars; and the miniaturization of these electronic devices.
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