Europe 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)
Market Introduction
The Europe electroactive polymers market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The European region constitutes developed economies such as Germany, France, UK, Italy and Russia as a developing nation. Developments in science and technology, especially in the electronics and semiconductors sector, have led to the advent of smart polymers that are capable of changing shape when stimulated by current. Smartphone is a key example of smart electronics that use components made from electroactive polymers, such as batteries, capacitors, proximity sensors, fingerprint sensors, and touchscreen sensors. Electroactive polymers also find use in smart computers, laptops, and tablets. With the ongoing research and development activities, companies are likely to come up with the use of electroactive polymers in computers for blind people via braille. Electroactive polymers are being used in electronic devices to expand the character limit while using braille and thus help the visually impaired people in communicating.
Europe, especially France, 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 European countries such as Russia, the UK, Italy, and Spain. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
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Market Overview and Dynamics
The electroactive polymers market in Europe is expected to grow from US$ 462.91 million in 2019 to US$ 741.70 million by 2027; it is estimated to grow at a CAGR of 6.2% from 2020 to 2027. The demand for electric vehicles is escalating across the world, especially in developed countries of North America and Europe. With the rising adoption of electric vehicles worldwide, the demand for electroactive polymers is also expected to increase in the coming years. Electroactive polymers are increasingly being used in electric vehicle components such as batteries, capacitors, and sensors. These polymers help enhance the battery life and overall performance of components, which, in turn, enhances the overall vehicle performance. According to the data cited by the International Energy Agency, in a sustainable development scenario, electric vehicles are expected to account for 13% of the Europe car fleet by 2030, with an average annual growth rate of 36% per year during 2019–2030. As per the report published by the Wall Street Journal Sales of plug-in electric vehicles in Europe rose 137% to 1.4 million vehicles last year, outpacing China, which recorded a 12% increase to 1.3 million.
Key Market Segments
Based on application, the ESD and EMI protection segment accounted for the largest share of the Europe electroactive polymers market in 2019. Based on type, the inherently conductive polymer segment held a larger market share of the Europe electroactive polymers market in 2019. Side effects caused due to an electrostatic discharge (ESD) is an induced EMI (electromagnetic interference). The effects of undesired electromagnetic radiation or EMI on ungrounded or unshielded conductors are commonly underestimated. An ESD protection device can protect a circuit from an electrostatic discharge (ESD) to prevent a malfunction or breakdown of any electronic device. Electroactive polymers are utilized in such devices for EDS protection since these polymers have high physical & mechanical strength and anti-static properties. The inherently conductive polymer is a family of specialty conductive thermoplastic compounds, which fulfill uniform and precise surface resistivity throughout a resistivity spectrum from strong ESD to strong anti-static. These polymers are quite suited for disk-drive components, wafer processing, and cleanroom applications. They are advantageous in automotive applications needing static discharge protection like fuel system components.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe electroactive polymers market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Lubrizol Corporation, Arkema Group, Solvay S.A., Parker Hannifin Corp, Celanese Corporation, Avient Corporation, Agfa-Gevaert Group, Premix Group and 3M.
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- To understand the Europe electroactive polymers market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
EUROPE ELECTROACTIVE POLYMERS MARKET SEGMENTATION
By Type
- Conductive Plastic
- Inherently Conductive Polymer
- Inherently Dissipative Polymers
- Others
By Application
- Sensors
- Actuators
- ESD and EMI Protection
- Antistatic Packaging
- Robotics
- Others
By Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Company Profiles
- The Lubrizol Corporation
- Arkema Group
- Solvay S.A.
- Parker Hannifin Corp
- Celanese Corporation
- Avient Corporation
- Agfa-Gevaert Group
- Premix Group
- 3M
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Electroactive Polymer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
4.4 Customization – Qualitative Information on Polymer Usage as Synthetic Finger Pad on Robotic Grippers
5. Europe Electroactive Polymers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Broad Spectrum of Applications of Electroactive Polymers and Components made from them
5.1.2 Heightening Demand for Smart Electronics
5.2 Market Restraints
5.2.1 Harmful Environmental Impact
5.3 Market Opportunities
5.3.1 Electroactive Polymers' Potential Usage in Biomimetic Applications
5.4 Future Trends
5.4.1 Increasing Adoption of Electric Vehicles
5.5 Impact Analysis of Drivers and Restraint
6. Electroactive Polymers – Europe Market Analysis
6.1 Electroactive polymers Market Overview
6.2 Europe Electroactive Polymers Market –Revenue and Forecast To 2027 (US$ Million)
7. Europe Electroactive Polymer Market Analysis – By Type
7.1 Overview
7.2 Electroactive Polymer Market, By Type (2019 and 2027)
7.3 Conductive Plastic
7.3.1 Overview
7.3.2 Conductive Plastic: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Inherently Conductive Polymers
7.4.1 Overview
7.4.2 Inherently Conductive Polymers: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Inherently Dissipative Polymers
7.5.1 Overview
7.5.2 Inherently Dissipative Polymers: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
8. Europe Electroactive Polymer Market Analysis – By Application
8.1 Overview
8.2 Electroactive Polymer Market, By Application (2019 and 2027)
8.3 Actuators
8.3.1 Overview
8.3.2 Actuators: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Sensors
8.4.1 Overview
8.4.2 Sensors: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 ESD and EMI Protection
8.5.1 Overview
8.5.2 ESD and EMI Protection: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Antistatic Packaging
8.6.1 Overview
8.6.2 Antistatic Packaging: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
8.7 Robotics
8.7.1 Overview
8.7.2 Robotics: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: Electroactive Polymer Market – Revenue and Forecast to 2027 (US$ Mn)
9. Europe Electroactive Polymers Market – Country Analysis
9.1 Overview
9.1.1 Europe: Electroactive Polymers Market, by Key Country
9.1.1.1 Germany: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 Germany: Electroactive Polymers Market, by Type
9.1.1.1.2 Germany: Electroactive Polymers Market, by Application
9.1.1.2 France: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 France: Electroactive Polymers Market, by Type
9.1.1.2.2 France: Electroactive Polymers Market, by Application
9.1.1.3 Italy: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Italy: Electroactive Polymers Market, by Type
9.1.1.3.2 Italy: Electroactive Polymers Market, by Application
9.1.1.4 UK: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 UK: Electroactive Polymers Market, by Type
9.1.1.4.2 UK: Electroactive Polymers Market, by Application
9.1.1.5 Russia: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.5.1 Russia: Electroactive Polymers Market, by Type
9.1.1.5.2 Russia: Electroactive Polymers Market, by Application
9.1.1.6 Rest of Europe: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of Europe: Electroactive Polymers Market, by Type
9.1.1.6.2 Rest of Europe: Electroactive Polymers Market, by Application
10. Impact Of COVID-19 Pandemic on Europe Electroactive Polymer Market
10.1 Overview
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Key Company Profiles
11.1 The Lubrizol Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Arkema Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 Solvay S.A.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Parker Hannifin Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Celanese Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Avient Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.1 Key Developments
11.7 Agfa-Gevaert Group
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 Premix Group
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 3M
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Electroactive Polymers Market –Revenue and Forecast To 2027 (US$ Million)
Table 2. Germany Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. Germany Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 4. France Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 5. France Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 6. Italy Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 7. Italy Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 8. UK Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 9. UK Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 10. Russia Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 11. Russia Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 12. Rest of Europe Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 13. Rest of Europe Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 14. Glossary of Terms, Electroactive Polymer Market
LIST OF FIGURES
Figure 1. Electroactive Polymers Market Segmentation
Figure 2. Europe Electroactive Polymers Market Segmentation – By Country
Figure 3. Europe Electroactive Polymers Market Overview
Figure 4. Inherently Conductive Polymer Segment Held Largest Share of Europe Electroactive Polymers Market
Figure 5. Germany is Expected to Show Remarkable Traction During the Forecast Period
Figure 6. Europe Electroactive Polymer Market, Industry Landscape
Figure 7. Europe – PEST Analysis
Figure 8. Expert Opinion
Figure 9. Electroactive Polymers Market Impact Analysis of Driver and Restraint
Figure 10. Europe: Electroactive Polymers Market – Revenue and Forecast To 2027 (US$ Million)
Figure 11. Electroactive Polymer Market Revenue Share, By Type (2019 and 2027)
Figure 12. Conductive Plastic: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 13. Inherently Conductive Polymers: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 14. Inherently Dissipative Polymers: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 15. Others: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 16. Electroactive Polymer Market Revenue Share, By Application (2019 and 2027)
Figure 17. Actuators: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 18. Sensors: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 19. ESD and EMI Protection: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 20. Antistatic Packaging: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 21. Robotics: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 22. Others: Electroactive Polymer Market – Revenue and Forecast To 2027 (US$ Mn)
Figure 1. Europe: Electroactive Polymers Market, by Key Country – Revenue (2019) (USD Million)
Figure 2. Europe: Electroactive Polymers Market Revenue Share, by Key Country (2018 and 2027)
Figure 3. Germany: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 4. France: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 5. Italy: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 6. UK: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 7. Russia: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 8. Rest of Europe: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 9. Impact of COVID-19 Pandemic in Europe Country Markets
- The Lubrizol Corporation
- Arkema Group
- Solvay S.A.
- Parker Hannifin Corp
- Celanese Corporation
- Avient Corporation
- Agfa-Gevaert Group
- Premix Group
- 3M
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