Report : Asia Pacific Electroactive Polymers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Conductive Polymers, Inherently Conductive Polymers, Inherently Dissipative Polymers, and Others), Application (Actuators, Sensors, Electrostatic Discharge (ESD) and Electromagnetic Interference (EMI) Protection, Antistatic Packaging, and Others)
Inherently Conductive Polymers Segment to Dominate Asia Pacific Electroactive Polymers Market during 2019–2027
According to a new market research study on “Asia Pacific Electroactive Polymers Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application and Country,” is expected to reach US$ 4,346.99 million by 2027 from US$ 2,547.17 million in 2019. The market is estimated to grow at a CAGR of 7.0% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific electroactive polymers market along with the drivers and restraints pertaining to the market growth. Widespread application of electroactive polymers and components made from them and surge in the demand for smart electronics are the major factors driving the growth of the Asia Pacific electroactive polymers market. However, the negative impact of electroactive polymers on the environment may hinder the growth of Asia Pacific electroactive polymers market.
Asia Pacific, especially India, witnessed an unprecedented rise in number of COVID-19 cases, which led to the discontinuation of electroactive polymers manufacturing activities; other chemical and materials manufacturing sector has subsequently impacted the demand for electroactive polymers during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of electroactive polymers components manufacturing projects, thereby reducing the demand for electroactive polymers. Similar trend was witnessed in other Asia Pacific countries such as Australia, Japan, and China. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
The market for Asia Pacific electroactive polymers is segmented into type, application and country. Based on type, the market is segmented into conductive plastic, inherently conductive polymer, inherently dissipative polymers and others. In 2019, inherently conductive polymer segment held the largest share in Asia Pacific electroactive polymers market. Based on application, the Asia Pacific electroactive polymers is divided into sensors, actuators, ESD and EMI protection, antistatic packaging, robotics and others. The robotics segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific electroactive polymers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for electroactive polymers.
Lubrizol Corporation, Arkema Group, Solvay S.A., Parker Hannifin Corp, Celanese Corporation, Avient Corporation, Agfa-Gevaert Group, Kenner Material & System Co., Ltd., Premix Group and 3M are some of the leading companies in the Asia Pacific electroactive polymers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia Pacific Electroactive Polymers market as follows:Asia Pacific Electroactive Polymers Market – By Type
- Conductive Plastic
- Inherently Conductive Polymer
- Inherently Dissipative Polymers
- ESD and EMI Protection
- Antistatic Packaging
- South Korea
- Rest of Asia Pacific
Contact Person: Sameer Joshi
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