Transparency Market Research

Global Electroactive Polymers Market Led by Demand from Consumer Electronics Industry, Restrained by Raw Material Price Fluctuations

Transparency Market Research Report Added "Electroactive Polymers Market" to its database.


Albany, NY -- (SBWIRE) -- 07/15/2015 -- Electroactive polymers are polymers that react in some way to the presence of an electric field. This change is usually in size or shape. Due to their property of reacting physically to electric fields, electroactive polymers are commonly used in sensors and actuators designed to modify in response to the application of electricity.

Unlike ceramic piezoelectric materials, which were the conventional choice for actuators until the discovery of electroactive polymers, the latter deform significantly while bearing significant forces. Ceramic materials could usually only deform by fractions of a percent, leading to low efficacy of the actuators using ceramic piezoelectric materials. In contrast, electroactive polymers can bend and deform significantly more; some EAPs have been shown to exhibit a strain of up to 380%.

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Conductive Plastics Lead Global Electroactive Polymers Market

Due to their application in actuators and sensors, flexible plastics emerge as the natural choice for electroactive polymers. Conductive plastics, one of the product categories of the global electroactive polymers market, held more than 85% of the market in 2011. This segment is expected to remain dominant in the electroactive polymers market in the coming years, due to steady demand for EAPs and lack of innovations more advanced than conductive plastics.

Demand from Consumer Electronics Propelling Global Electroactive Polymers Market

Due to their widespread application in sensors and actuators, electroactive polymers are used on a large scale in the consumer electronics industry. Various fitness monitors as well as other handheld devices utilize electroactive polymers. Demand for several consumer electronics products is extremely high in countries such as China, India, and Japan. These booming economies in Asia Pacific are home to rapidly expanding consumer electronics markets as well as large manufacturing facilities, leading to steady demand for electroactive polymers from this region.

Volatile Raw Material Pricing Affects Market's Growth Trajectory

Electroactive polymers are made from components that are hard to extract, often environmentally unfeasible, and costly. Petroleum components used in the production of conductive plastics, the leading category of electroactive polymers, are entirely reliant on the pricing structure of the global petroleum market to maintain the profit margins of manufacturers of electroactive polymers. This has a significant retardant effect on the global electroactive polymer market's growth prospects. Environmental regulations against heavy usage of petroleum products also restrict the electroactive polymers market.

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North America Leading Global Electroactive Polymers Market

North America, traditionally a promising base for consumer electronics, was naturally the largest regional segment of the global electroactive polymers market in 2011. Steady production of consumer electronics, allied to constant innovation efforts, has led to the development of state-of-the-art electronic devices, requiring the inclusion of lightweight and effective materials such as electroactive polymers. Europe followed the North America market for electroactive polymers, further trailed by Asia Pacific. As described earlier, the APAC market for electroactive polymers is set to grow rapidly in the coming years thanks to rising demand from countries such as China and India.

Major Players in Global Electroactive Polymers Market

The global electroactive polymers market is dominated by multinational companies such as Du Pont de Nemours and Company, Konarka Technologies Inc., Bayer MaterialScience AG, Panasonic Corporation, 3M, and Sigma-Aldrich.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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