Global Conductive Plastics Market Size, Share & COVID-19 Impact Analysis, By Conduction Mechanism, By Application, By Region Forecasts, 2024 – 2032

Global Conductive Plastics Market Size, Share & COVID-19 Impact Analysis, By Conduction Mechanism, By Application, By Region Forecasts, 2024 – 2032

The global conductive plastics market was valued at was valued at US $ 3 Billion in 2023 and is expected to reach US $ 7.9 Billion by 2032 growing at a CAGR of 4.2% during the forecast period 2024 – 2032.

The growing demand for lightweight parts in the automotive and aerospace industries, together with the rapid growth of the LED industry, are the primary drivers expected to propel the conducting polymer market growth starting in 2023. Additionally, its equivalent series (equivalent serial) resistance is relatively low in comparison to many other forms of carbon-based electrodes. The outcome has increased demand for conducting polymers overall on a worldwide scale. As a result, the market is anticipated to soar throughout the forecast period.

Conducive polymers are organic macromolecules with the capacity to conduct electricity. They are often referred to as innately conducting polymers. Conductive polymers are created via oxidation of monocyclic precursor polymers. These polymers don't have the same mechanical properties, despite their great conductivity. High strength, durability, and electrical conductivity are provided by the conductive polymers.

It is primarily the electronics and medical device industries that are pushing for the use of conductive plastics. Structural materials include conductive polymers. Their structure gives them their name because it enables them to carry out a variety of tasks. The market for conductive plastic will grow as people's desire to own compact, light, and intelligent devices grows. Lightweight devices can be made with conductive polymers because they eliminate the need for additional parts to electrically excite the plastic. High-quality conducting plastics are readily available.

More widespread use of lightweight materials is anticipated to fuel the growth of the global conductive polymers market during the forecast period. The usage of ABS and PPS in wiring systems will be encouraged by the growing awareness of the need to enhance fuel economy. These substances are employed as conductors. Furthermore, it is anticipated that growing military aircraft production from the governments of North America and the Middle East will provide Conductive Polymers even more domestic momentum.

“Conducting Polymer Composites segment, by conduction mechanism, to be dominating market from 2023 to 2030.”

This segmental value will rise due to factors including the growing weight and value of miniature electronic components. Because electronic components are getting smaller and smaller, heat must be conducted in small spaces using sophisticated, compact conducting polymers. Additionally, a lot of LED lighting, heat sinks, interface materials, radiator end caps, fuel pumps, and other components with wall thicknesses of 1 mm or less use thermally conductive polymers. The footprint of thermally conductive polymers will inevitably grow when these elements come together. Electrically conductive polymers should increase at the fastest rate in terms of compound annual growth rate. These are being utilised more and more in electronic devices such light-emitting diodes, photovoltaic cells, and organic field-effect transistors (OFET).

“ESD/EMI shielding segment, by application, to be dominating market from 2023 to 2030.”

The footprint of ESD/EMI shielding polymers will be improved by an increase in the demand for conducting polymers. These polymers also improve air-gapped system safety, which is a major benefit. Second, in circumstances like these, ESD/EMI shielding polymers are frequently employed to cover delicate electronic devices and components from electromagnetic interference or static discharge. These elements have the potential to expand the range of uses for ESD/EMI shielding.

“Asia Pacific to be largest region in conductive plastics market.”

Throughout the projected period, the Asia Pacific region is anticipated to maintain its dominant position in the worldwide conductive polymers market in terms of both revenue and market share. Growing product releases by major firms in developing nations like China and India are anticipated to increase the market's reach in the Asia Pacific region for conductive polymers. Additionally, there is a developing regulatory trend that supports the promotion of foreign direct investment, which will raise the market's value locally. The application field for conductive polymers will grow even wider due to the growing demand for them in engine boxes and wire hoses. Increased market demand ought to result from improving standards in the car industries of developing nations like China and India.

Because of the increasing use of electroactive polymers in the electronics, solar energy, health care, and automotive industries, North America is expected to develop at the quickest CAGR over the projected period. The market for conductive polymers in North America will benefit from factors including rising R&D expenditures in the departments.

Conductive plastics Competitive Landscape

The competitive landscape of the conductive plastics market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of conductive plastics technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The conductive plastics market is highly competitive, with numerous companies vying for market share. Prominent companies in the conductive plastics Market include:

3M (U.S.), Celanese Corporation (U.S.), Agfa-Gevaert Group (Belgium), Covestro AG (Germany), Avient Corporation (U.S.), Heraeus Holding (Germany), The Lubrizol Corporation (U.S.), Solvay (Belgium), Eastman Chemical Company (U.S.), Arkema (France), Integral Technologies, Inc. (U.S.), Cabot Corporation (U.S.), Ferro Corporation (U.S.), Ensinger (Germany), LATI Industria Termoplastici S.p.A. (France), KEMET Corporation. (U.S.), Premix Group (Finland), Bekaert (Belgium), Merck KGaA (Germany), DSM (Netherlands), Simona AG (Germany), and others.

Recent Developments:

November 2022: Agfa will implement a two-digit price hike throughout its global Digital Print & Chemicals portfolio on January 1.

March 2019: PolyOne Corporation's polymer solutions for Mexico and Central America were showcased at the Plastimagen expo. In light of this, PolyOne emphasised at the NPE its extensive range of polymer and colourant solutions together with their service offerings to satisfy client demands. Additional innovations include Low VOC/FOG elastomers, OnColor SC Super Concentration technology, EMI/RFI Shielding and Conduction Formulations, and Reinforced Polymer Composite innovations.

January 2019: The leading global market player in chemicals and specialty materials, Celanese Corporation, stated that it is buying Next Polymers Ltd., the leading engineering thermoplastics (ETP) compounder in India. The purpose of this acquisition is to strengthen Celanese's fast-growing company and establish it as a major player in India.