Global Electroactive Polymers (EAPs) Market to Reach US$10.5 Billion by 2030
The global market for Electroactive Polymers (EAPs) estimated at US$6.8 Billion in the year 2023, is expected to reach US$10.5 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Conductive Plastics, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Inherently Conductive Polymers segment is estimated at 7.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 6.0% CAGR
The Electroactive Polymers (EAPs) market in the U.S. is estimated at US$1.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 6.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.0% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.
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