The electroactive polymers market was valued at USD 3.51 billion in 2021 and is expected to grow to USD 5.12 billion by 2028, with a 7.9% CAGR from 2017 to 2021. Because of their distinct features, EAPs find use in a wide range of end-use industries. EAP products are lighter in weight, more robust, and offer better conducting qualities than traditional materials (metals). During the projected period, these factors are expected to drive the growth of the electroactive polymers market.
EAP stands for electroactive polymers. They are a type of polymer that changes shape and size when exposed to an external electrical field. Electroactive polymers have several advantages, including their light weight, ease of manufacture, and low cost. Electroactive polymers are widely employed in a variety of applications, including actuators, sensors, ESD and EMI shielding, drug delivery systems, robotics, and electrostatic plastics. Growing industrialization and urbanisation in developing regions around the world are likely to drive market expansion in the foreseeable years. Furthermore, rising demand from the automobile and electronics industries, among others, is expected to add to the segment’s expansion.
Overview of the Global Electroactive Polymers Market
Electroactive polymers (EAPs) are polymer variations that alter form or scale when exposed to an electric field. EAPs are particularly versatile in nature since they may be constructed in a variety of forms due to the ease with which numerous polymeric materials are manufactured. EAPs have been employed in the development of artificial muscles to extend the realm of robotics. Although most ancient actuators are constructed of ceramic material, EAPs have caught up once it was discovered that they would demonstrate higher strain than ceramic actuators. Numerous variables, such as the demand for new sensors, growing EAP applications in molecular electronics, and the high commercial value of EAP-based devices, will play a role in the future.
Strict laws drafted by state legislative authorities in order to mitigate the negative impacts of harmful wastewater emissions. For example, the EPA has defined effluent criteria for waste water discharged to surface water and urban sewage treatment plants. The substance is well-known in the waste water treatment sector for efficient coagulation and flocculation, and it is a good replacement for alum due to its lower alkalinity. In comparison, the material creates less sludge than alum at the same dosage. PAC is widely used in the production of deodorants and antiperspirants in the cosmetics and personal care industries. It is mostly owing to the substance’s good qualities, such as low iron content, high purity, durability, stability, and so on.
Segmentation of the Global Electroactive Polymers Market
The market for electroactive polymers is segmented by type and application. The market is classified into several types, including conductive plastics, inherently conductive polymers, inherently dissipative polymers, and others. Conductive polymers topped the global market and accounted for a higher part of overall output. Compounds, antistatic additives, carbon nanotubes, and metal fibres for electrostatic dissipation (ESD)/electromagnetic interference are among them (EMI). These materials are employed as antistatic materials in industrial screens, translucent displays, actuators, biosensors, and organic solar cells. The Electroactive Polymers market, by end user, covers electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, sensors, and others.
The global market is divided into five regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Global Electroactive Polymers Market: Competitive Players
Some main participants of the Electroactive Polymers market are Bayer AG, 3M, Parker-Hannifin Corporation, RTP Co., Piezotech S.A, The Lubrizol Corporation, Kenner Material & System Co. Ltd., Celanese Corporation, Agfa-Gevaert NV, Konarka Technologies Inc., Panasonic Corporation, Artificial Muscle Inc., Earnex Corporation, PolyOne Corporation, among others.
Electroactive Polymers Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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