Global Electroactive Polymers Market Overview:
Electroactive Polymers are the polymers which are able to exhibit a change in their shape or size whenever came in contact with an electric field. They are highly versatile in nature and are mostly applied in electronic applications and automotive industries were they are used in the form of actuators and sensors. These polymers are light weighted, inexpensive, easy in manufacturing and are cost-effective than semiconductors and metal materials. Electroactive polymers market is growing by increasing its wide usage in areas such as medical devices, high-strain sensors, and biomimetics. Growing demand for automobiles will certainly upsurge the demand for electroactive polymers. As per latest AMA study, the Global Electroactive Polymers market is expected to see growth rate of 8.13%
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Agfa-Gevaert N.V. (Belgium), BASF SE (Germany), Cabot Corporation (United States), Celanese Corporation (United States), Heraeus Deutschland GmbH & Co. KG (Germany), Hyperion Catalysis International (United States), KEMET Corporation (United States), MacDermid Performance Solutions (United States), Parker Hannifin Corporation (United States) and PolyOne Corporation (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- The Ease of Synthesis, Low Cost of Materials, Flexibility, and Lightweight Nature of Electroactive Polymers
- Increasing Rate of Purchase of Automobiles Globally
- Wide Growth of Smart Electronics Market
Roadblocks
- Rising Environmental Impact due to Electroactive Polymers
Opportunities
- Growing Demand of Piezoelectric and Ferromagnetic Materials for Electronic Applications in Emerging Nations
- Increasing Biomimetic Related Applications in both Developed and Developing Nations
Challenges
- Issue Related With High Volatile Pricing of Electroactive Polymers
- Lack of Extensive Commoditization of EAPS
Competitive Landscape:
Some of the key players profiled in the report are Agfa-Gevaert N.V. (Belgium), BASF SE (Germany), Cabot Corporation (United States), Celanese Corporation (United States), Heraeus Deutschland GmbH & Co. KG (Germany), Hyperion Catalysis International (United States), KEMET Corporation (United States), MacDermid Performance Solutions (United States), Parker Hannifin Corporation (United States) and PolyOne Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Premix OY (Finland), Rieke Metals Inc. (United States), RTP Company (United States), Solvay SA (Belgium) and The Lubrizol Corporation (United States). Analyst at AMA Research see Global Vendors to retain maximum share of Global Electroactive Polymers market by 2027. Considering Market by Sales Channel, the sub-segment i.e. Direct Channels will boost the Electroactive Polymers market.
What Can be Explored with the Electroactive Polymers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electroactive Polymers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electroactive Polymers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electroactive Polymers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electroactive Polymers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electroactive polymers Manufacture, Electroactive polymers Distributors, Automotive industries, Electrical Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.