Global Conducting Polymers Market to Reach $10.9 Billion by 2030
The global market for Conducting Polymers estimated at US$6.5 Billion in the year 2023, is expected to reach US$10.9 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2023-2030. Polyaniline (PANI)-based Polymers, one of the segments analyzed in the report, is expected to record a 9.3% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Poly (3,4-ethylenedioxythiophene) (PEDOT) -based Polymers segment is estimated at 8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 11.5% CAGR
The Conducting Polymers market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 11.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2030.
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