The “Global Electroactive Polymers (EAP) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026
” research study offered on Decisiondatabases.com gives a detailed description of the market growth, trends and forecast for the global electroactive polymers market. The report predicts that the global electroactive polymers market would reach USD 6.7 BN by 2026 along with a CAGR of 7.50% within the forecasted period between 2020 to 2026. The electroactive polymers market was valued close to USD 4.1 BN in 2019.
Electroactive polymers are the polymers that exhibit a change in size or shape when stimulated with the help of an electric field. A typical characteristic property of an electroactive polymer is that it undergoes a large amount of deformation while sustaining large forces. Electroactive polymers stand out in the field of active material on account of their large active deformation potential, high response speed, low density and increased resilience. Electroactive polymers (EAP) possess conductive and piezoelectric properties. They are mostly used as actuators and sensors. It can potentially be used in robotics as prosthetic limbs/muscles. They exhibit the characteristics of being extremely lightweight, inexpensive, fracture tolerant and compliant.
The rising importance of biomimetic and artificial muscles for solving complex health problems is likely to increase the usage of electroactive polymers. Moreover, the rising applications in sensor manufacturing, along with the growth of the electrical and electronics sector, are likely to support the electroactive polymers market growth. The increase in the utilization of electroactive polymers for corrosion-inhibiting coatings on ferrous and non-ferrous alloys, metamorphic biomaterials, actuators, and protective fabrics is anticipated to propel the product demand over the forecast period. Moreover, the rising demand for the product in antistatic packaging applications across the industries is likely to support product growth. Electroactive polymers are also used in energy storage devices on account of their advantages including high capacity, flexibility, and design versatility. These products can also be used to replace heavy parts of aircraft, such as wings and outer panels. Besides, underwater robotic applications with fast actuator response and corrosion resistance can also be operated with electroactive polymers.
By products, the segments of the global electroactive polymers market are conductive polymers, inherently dissipative polymers (IDPs) and inherently conductive polymers (ICPs).
By application, actuators, sensors, electromagnetic interference (EMI) & electrostatic discharge (ESD) protection and antistatic packaging are the classifications provided for the global electroactive polymers market
By region, Asia Pacific, Europe, Latin America, North America and the Middle East & Africa are the segments of the global electroactive polymers market where North America is the leading segment in terms of demand with significant growth in the global electroactive polymers (EAP) market. The rapid industrialization in this region is projected to drive the electroactive polymers (EAP) market. Besides, the demand for cost-efficient and light-weight materials are the determinants of electroactive polymers (EAP) market growth. Volatile prices are one of the factors that could hinder the progress of the electroactive polymers (EAP) market.
The key players of the global electroactive polymers market have been listed as Bayer MaterialScience AG, DuPont, The 3M Co., Celanese Corp., Parker-Hannifin Corp., Agfa-Gevaert NV, Piezotech S.A, The Lubrizol Corp., Cambridge Display Technology Ltd., Danfoss A/S, SABIC, Kenner Material & System Co., Ltd., Konarka Technologies Inc., Panasonic Corp., and Eamex Corp. among others. Information in terms of H.Q, future capabilities, key mergers & acquisitions, financial outlines, partnerships and new product launches & developments have been given for each company profile in the report.
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