Conductive polymers are a member of the plastic materials family. They are lightweight, pliable, and inexpensive plastics that conduct electricity. They are known to shrink, protrude, and bend when stimulated by electricity. Conductive polymers are further categorized into inherently conductive polymers (ICPs), inherently dissipative polymers (IDPs), conductive plastics, and other conductive polymers. Conductive polymers find extensive application in antistatic packaging, capacitors, textiles and fabrics, batteries, sensors, actuators, solar cells, and organic transistors. Acrylonitrile -butadiene-styrene (ABS), polyvinyl chloride (PVC), polycarbonate, polyphenylene-based resins, polyethylene, and polypropylene together account for approximately three-fourths of all conductive polymers used. With the help of consistent R&D activities, scientists have now made a number of polymers conductive in past years. These include polypyrrole, polyamiline, polythiophene, and polyacetylene.
The increasing demand for high-performance, lightweight, and inexpensive products is driving the growth and potential of conductive polymers. Furthermore, their dimensional stability, flexibility, chemical resistance, and strength have augmented their demand in the global market. The photovoltaic industry is expected to be a potentially attractive market for conductive polymers, as they are expected to serve as an effective alternative to silicon. Applications of conductive polymers in the photovoltaic industry include display materials, chip packaging, sensors, plastic transistors, and ultra-capacitors. Biomimetics deals with fabricating conductive polymers to resemble human muscles for the development of bio-prosthetics, and hence is another potentially attractive segment for conductive polymers. Conductive polymers are also used in the production of actuators and sensors, opening a wide spectrum of applications across different segments. Conductive polymers are also finding application in the production of light emitting diode based (LED) backlights and displays. LEDs are popular for their low operating voltages, and non-expensive production processes. Conductive polymers are used in backlight displays of cell phones; and television screens as a thin conducting layer between two electrodes. This segment is expected to be a potentially lucrative segment in the conductive polymers market.
North America is expected to be the strongest conductive polymers market, accounting for nearly two-thirds of the global demand. Growing research and development activities related to conductive polymer technologies by major market players and supported by government initiatives have proved to be a critical market driver in the North American region. Europe is expected to be the second largest market for conductive polymers in terms of regional segmentation. End-user applications of batteries and sensors in the automobile industry are expected to drive growth of the conductive polymers market in the region, as conductive polymers serve as one of the key elements in the production of both these automotive electrical components. The presence of key market players such as Ormecon Chemie GmbH, Bayer, etc. is expected to be another key driving factor in Europe. Asia Pacific is anticipated to witness extensive growth over the next few years due to increasing demand for conductive polymers in applications such as textiles, capacitors, batteries, actuators, sensors, and solar cells. Furthermore, the presence of growing economies such as China and India is expected to further augment the market, on account of the expanding industrial base in the region. Latin America is expected to witness steady growth in the conductive polymers market on account of demand from end-user industries in the region. The Middle East and Africa (MEA) is anticipated to grow along similar lines, especially in growing economies like South Africa and the GCC countries.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.