Global Electro-Active Polymers Product Market is Expected to be Worth $3.4 billion by 2017
http://www.electronics.ca/presscenter/articles/1811/1/Global-Electro-Active-Polymers-Product-Market-is-Expected-to-be-Worth-34-billion-by-2017/Page1.html
By Electronics.ca Research Network
Published on May 24, 2012
The global electro-active polymers product market is expected to be worth $3.4 billion by 2017 and is forecasted to grow by a CAGR of 7.7% from 2012-2017. The conductive plastics segment contributed approximately 84% to the overall electro-active polymer market in 2011, mainly due to its extensive application in electrostatic discharge and electromagnetic interference. As the EAP market is still in the early phase of its growth, it presents many advantages for the early movers. As there are not many players in the market, detailed knowledge of the competitors will be crucial for the success of each company.
MONTREAL, May 24, 2012 /ATR-Newswire/ ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Global Electroactive Polymers Market Trends, Applications and Forecasts".
Technological developments in the electronics and semiconductor industries have led to the creation of polymers that change shape on the application of voltage. The biggest application for electro-active polymers (EAPs) lays in their use in antistatic and electronic applications which is expected to drive its market growth. Among all EAP applications market, the actuator segment is witnessing high R&D activity and medical devices and robotics will be the largest applications of EAP actuators. Actuators and sensors open up a huge spectrum of applications in the fields of electronics, healthcare, sensing, and solar energy generation. With the growing market for each of these applications, EAP is set to become a mainstream market in the next five years. However, the technical specifications for each application differ widely, and extensive research and investments are still needed for developing application-specific EAPs.
The global electro-active polymers product market is expected to be worth $3.4 billion by 2017 and is forecasted to grow by a CAGR of 7.7% from 2012-2017. The conductive plastics segment contributed approximately 84% to the overall electro-active polymer market in 2011, mainly due to its extensive application in electrostatic discharge and electromagnetic interference. As the EAP market is still in the early phase of its growth, it presents many advantages for the early movers. As there are not many players in the market, detailed knowledge of the competitors will be crucial for the success of each company.
The report covers major electro-active polymers which include primarily conductive plastics, inherently conductive polymers (ICPs), and inherently dissipative polymers (IDPs) segments. It also studies other electro-active polymers such as dielectric elastomers and ferroelectrets. The report analyses the market for electro-active polymers with respect to market drivers, opportunities, and winning imperatives related to the industry.
The qualitative analysis of electro-active polymers with respect to its characteristics, parental structure, and business processes which are use by different companies is done in an elaborative manner. Based on the applications, the global electro-active polymers market is segmented as antistatic packaging, protection against EMI/ESD, capacitors, batteries, sensors, solar cells, actuators, organic transistors, plastics coated with electrostatic paints, and textiles and fabrics. Electro-active polymers market has been gaining importance with its major application in the areas of ESD/EMI (electrostatic discharge/electromagnetic interference), medical devices, and biomimetics.
The major devices used for the application of electro-active polymers are medical devices, smart fabrics, digital mechtronics, and high strain sensors. The report gives a qualitative analysis about these devices with respect to their characteristics and applications. Market analysis of patents for the last 5 years is also done in the market study.
The global electro-active polymers application market is also segmented with respect to different geographical regions including North America, Europe, Asia, and ROW. The study analyzes the application market for these regions as well and gives market value for different applications. Of the market studied, North America is the largest market for electro-active polymers with an estimated 65% of the global market revenue share in 2011 and is estimated to reach $2.2 billion by 2017.
The increasing need for greater sophistication in the automation industry and in electronics protection is driving the market for low-cost, lightweight, and low driving voltage materials. Advances in electronics and polymers manufacturing technology have given rise to the concept of electro-active polymers. These polymers began to be used as base materials for motion control and protective applications as the use of mechanical moving parts reduced efficiency and increased wear and tear. When compared with conventional motion-generating devices, electro-active polymers provide equally good efficiency and lower costs and power consumption.
The global electro-active polymer market revenue is estimated to be $2.2 billion in 2011. Majority of the electro-active polymer market is occupied by conductive plastics which contributed approximately 84% in the overall electro-active polymer market by revenue.
Global Electro-active Polymers Market Revenue, by Types, 2011
Among the electro-active polymer product types, the conductive plastic generates maximum revenue. The conductive plastics segment contributed approximately 84% to the overall electro-active polymer market in 2011, mainly due to its extensive application in electrostatic discharge and electromagnetic interference.
Global Electro-active Polymers Market Revenue, by Geography, 2011
North America region is the largest market for electro-active polymer while Europe and Asia region are the second and third largest market for electro-active polymer. In terms of applications, protection against electrostatic discharge (ESD) and electromagnetic interference (EMI), antistatic packaging are the largest market for electro-active polymers. Biomimetics is one of the major applications where use of electro-active polymer is going to increase. It will help in addressing the global problem of increasing healthcare costs.
Some of the major companies which deal in electro-active polymer market include 3M (U.S.), Agfa-Gevaert N.V. (Belgium), Bayer MaterialScience AG (Germany), Creganna (U.S.), Konarka Technologies Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), E. I. DuPont de Nemours and Company (U.S.), Eamex Corporation (Japan), and Panasonic Corporation (Japan).
Scope of the report
The electro-active polymers market research report categorizes the global market on the basis of types, applications and geography in each of the following submarkets:
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' website. View the report: Global Electroactive Polymers Market Trends, Applications and Forecasts.
Technological developments in the electronics and semiconductor industries have led to the creation of polymers that change shape on the application of voltage. The biggest application for electro-active polymers (EAPs) lays in their use in antistatic and electronic applications which is expected to drive its market growth. Among all EAP applications market, the actuator segment is witnessing high R&D activity and medical devices and robotics will be the largest applications of EAP actuators. Actuators and sensors open up a huge spectrum of applications in the fields of electronics, healthcare, sensing, and solar energy generation. With the growing market for each of these applications, EAP is set to become a mainstream market in the next five years. However, the technical specifications for each application differ widely, and extensive research and investments are still needed for developing application-specific EAPs.
The global electro-active polymers product market is expected to be worth $3.4 billion by 2017 and is forecasted to grow by a CAGR of 7.7% from 2012-2017. The conductive plastics segment contributed approximately 84% to the overall electro-active polymer market in 2011, mainly due to its extensive application in electrostatic discharge and electromagnetic interference. As the EAP market is still in the early phase of its growth, it presents many advantages for the early movers. As there are not many players in the market, detailed knowledge of the competitors will be crucial for the success of each company.
The report covers major electro-active polymers which include primarily conductive plastics, inherently conductive polymers (ICPs), and inherently dissipative polymers (IDPs) segments. It also studies other electro-active polymers such as dielectric elastomers and ferroelectrets. The report analyses the market for electro-active polymers with respect to market drivers, opportunities, and winning imperatives related to the industry.
The qualitative analysis of electro-active polymers with respect to its characteristics, parental structure, and business processes which are use by different companies is done in an elaborative manner. Based on the applications, the global electro-active polymers market is segmented as antistatic packaging, protection against EMI/ESD, capacitors, batteries, sensors, solar cells, actuators, organic transistors, plastics coated with electrostatic paints, and textiles and fabrics. Electro-active polymers market has been gaining importance with its major application in the areas of ESD/EMI (electrostatic discharge/electromagnetic interference), medical devices, and biomimetics.
The major devices used for the application of electro-active polymers are medical devices, smart fabrics, digital mechtronics, and high strain sensors. The report gives a qualitative analysis about these devices with respect to their characteristics and applications. Market analysis of patents for the last 5 years is also done in the market study.
The global electro-active polymers application market is also segmented with respect to different geographical regions including North America, Europe, Asia, and ROW. The study analyzes the application market for these regions as well and gives market value for different applications. Of the market studied, North America is the largest market for electro-active polymers with an estimated 65% of the global market revenue share in 2011 and is estimated to reach $2.2 billion by 2017.
The increasing need for greater sophistication in the automation industry and in electronics protection is driving the market for low-cost, lightweight, and low driving voltage materials. Advances in electronics and polymers manufacturing technology have given rise to the concept of electro-active polymers. These polymers began to be used as base materials for motion control and protective applications as the use of mechanical moving parts reduced efficiency and increased wear and tear. When compared with conventional motion-generating devices, electro-active polymers provide equally good efficiency and lower costs and power consumption.
The global electro-active polymer market revenue is estimated to be $2.2 billion in 2011. Majority of the electro-active polymer market is occupied by conductive plastics which contributed approximately 84% in the overall electro-active polymer market by revenue.
Global Electro-active Polymers Market Revenue, by Types, 2011
Among the electro-active polymer product types, the conductive plastic generates maximum revenue. The conductive plastics segment contributed approximately 84% to the overall electro-active polymer market in 2011, mainly due to its extensive application in electrostatic discharge and electromagnetic interference.
Global Electro-active Polymers Market Revenue, by Geography, 2011
North America region is the largest market for electro-active polymer while Europe and Asia region are the second and third largest market for electro-active polymer. In terms of applications, protection against electrostatic discharge (ESD) and electromagnetic interference (EMI), antistatic packaging are the largest market for electro-active polymers. Biomimetics is one of the major applications where use of electro-active polymer is going to increase. It will help in addressing the global problem of increasing healthcare costs.
Some of the major companies which deal in electro-active polymer market include 3M (U.S.), Agfa-Gevaert N.V. (Belgium), Bayer MaterialScience AG (Germany), Creganna (U.S.), Konarka Technologies Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), E. I. DuPont de Nemours and Company (U.S.), Eamex Corporation (Japan), and Panasonic Corporation (Japan).
Scope of the report
The electro-active polymers market research report categorizes the global market on the basis of types, applications and geography in each of the following submarkets:
- Types: Inherently conductive polymers, inherently dissipative polymers, conductive plastics, and other electro-active polymers
- Applications: Organic light emitting diode, capacitors, batteries, sensors, solar cells, actuators, organic transistors, textiles and fabrics, protection against EMI, protection against ESD, and antistatic packaging.
- Geography: North America, Europe, Asia, and ROW
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' website. View the report: Global Electroactive Polymers Market Trends, Applications and Forecasts.