The global conductive polymer market is expected to increase from USD 9,980 in 2023

BUFFALO, N.Y. - Oct. 6, 2017 - PRLog -- The global conductive polymer market was valued at USD 4,921.9 million in 2016, is expected to reach USD 9,980 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023.

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The key factors driving the growth of the global conductive polymer markets are the growing demand from wide applications such as healthcare, chip packaging and others coupled with employment of smart material owed to its low weight and high performance properties. Stringent regulations are imposed by the government to control noise pollution in electronic devices has fueled the market for conductive plastics over ceramics and metals.

The ongoing trend on conductive polymer market is the development of electrochemistry and increased investment in smart materials, proving a business opportunity by development of innovative products. Furthermore, technological advancement provides an opportunity in conductive polymer market.

In 2016, ESD & EMI Protection sector held the major market share of the global conductive polymer market in application segment. Additionally, inherently conductive polymer is the fastest growing sector in type segment of the conductive polymer market.

Geographically, North America accounts for the major market share and is expected to hold the largest market share during the forecast period. Furthermore, Asia-Pacific is expected to be the fastest growing segment registering 10.6% CAGR.

The key players in the market are The Dow Chemical Company, The Lubrizol Corporation, Covestro AG, 3M Company, RTP Company, The Solvay Sa, Saudi Basic Industries Corporation, Henkel AG &Co., Celanese Corporation, Polyone Corporation.