Conducting Polymers Market to reach USD 9.6 billion in 2028

"Rising demand from ESD/EMI shielding application to fuel conducting polymers market"

The conducting polymer market is projected to reach USD 9.6 billion in 2028 at a CAGR of 8.8% during the forecast period from USD 6.3 billion in 2023. The increasing use of conducting polymers in ESD/ EMI shielding drives the market. In addition, the damage to electronic components due to ESD is huge, thus ESD/EMI Shielding is required. Conducting polymers have the ability to absorb and reflect electromagnetic radiation, providing effective shielding against unwanted electromagnetic interference.

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"Antistatic Packaging is expected to be the second-fastest growing type for conducting polymers market during the forecast period, in terms of value."

Antistatic packaging is another important application of conducting polymers. Conducting polymers are used in the manufacturing of packaging materials and coatings to provide antistatic properties. By incorporating conducting polymers into packaging materials, they can prevent the build-up of static electricity and protect sensitive electronic components or devices from potential damage caused by electrostatic discharge.

"Based on region, North America was the largest market for conducting polymers in 2023, in terms of value."

North America was the largest market for global conducting polymers, in terms of value, in 2023. The North American market for conducting polymers is primarily driven by a strong emphasis on innovation, extensive research and development activities, and the rapid expansion of smart fabrics and smart electronics industries in the region. North America also has a robust presence of key industries such as automotive, aerospace, healthcare, and consumer electronics. Conducting polymers find extensive use in these industries for various different applications. United States (US) is a dominant market player in the North American Conducting Polymers market.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:

By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-Level - 25%, Director Level - 20%, and Others - 55%
By Region: Asia Pacific - 35%, Europe - 30%, North America - 20%, Middle East & Africa-10%, and South America-5%

The key players in this market Saudi Arabia Basic Industries Corporation( Saudi Arabia), Henkel AG & Co. KGaA (Germany) , 3M (US), Agfa- Gevaert NV (Belgium), Celanese Corporation (US), Covestro AG (Germany),Heraeus Holding GMBH (Germany), Avient Corporation (US), Solvay SA (Belgium), The Lubrizol Corporation (US).

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This release was published on openPR.