North America 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 North America 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 North American region constitutes developed economies such as US, Canada, and Mexico 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.
North America, especially the US, 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 North American countries such as Mexico and Canada. 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 North America is expected to grow from US$ 584.28 million in 2019 to US$ 973.88 million by 2027; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027. The field of biomimetics presents lucrative applications for electroactive polymer companies; the field deals with the models, systems, and elements of nature to solve complex human problems. Under these applications, electroactive polymers are used to mimic the functioning of muscles. The industry is still in a growth stage, witnessing continuous investments in the development of artificial intelligence (AI) with major focus on artificial muscles and vision. Electroactive polymers offer resilience, and large actuation, flexibility, and tolerance to damage due to which they are being used to fabricate muscles with the capabilities of biological muscles. In the recent past, machines have been made that imitate fish, birds, plants, and insects. For instance, Eamex Corporation developed an electroactive polymer-based fish known as floajet. However, the suitable properties of electroactive polymers desired for biomimetic performance such as density, strain, speed, efficiency, and actuation pressure is yet to confirm.
Key Market Segments
Based on application, the ESD and EMI protection segment accounted for the largest share of the North America electroactive polymers market in 2019. Based on type, the inherently conductive polymer segment held a larger market share of the North America 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 North America 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, Kenner Material & System Co., Ltd. and 3M.
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NORTH AMERICA 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
- US
- Canada
- Mexico
Company Profiles
- The Lubrizol Corporation
- Arkema Group
- Solvay S.A.
- Parker Hannifin Corp
- Celanese Corporation
- Avient Corporation
- Agfa-Gevaert 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. North America Electroactive Polymer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
4.4 Customization – Qualitative Information on Polymer Usage as Synthetic Finger Pad on Robotic Grippers
5. North America Electroactive Polymers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Diversified Application of Electroactive Polymers and Components made from them
5.1.2 Rise in the Demand for Smart Electronics
5.2 Market Restraints
5.2.1 Negative Environmental Impact
5.3 Market Opportunities
5.3.1 Potential Usage of Electroactive Polymers in Biomimetic Application
5.4 Future Trends
5.4.1 Increase in the Adoption of Electric Vehicles
5.5 Impact Analysis of Drivers and Restraint
6. Electroactive Polymers – North America Market Analysis
6.1 Electroactive polymers Market Overview
6.2 North America Electroactive Polymers Market –Revenue and Forecast To 2027 (US$ Million)
7. North America 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. North America 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. North America Electroactive Polymers Market – Country Analysis
9.1 Overview
9.1.1 North America: Electroactive Polymers Market, by Key Country
9.1.1.1 US: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 US: Electroactive Polymers Market, by Type
9.1.1.1.2 US: Electroactive Polymers Market, by Application
9.1.1.2 Canada: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Canada: Electroactive Polymers Market, by Type
9.1.1.2.2 Canada: Electroactive Polymers Market, by Application
9.1.1.3 Mexico: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Mexico: Electroactive Polymers Market, by Type
9.1.1.3.2 Mexico: Electroactive Polymers Market, by Application
10. Impact Of COVID-19 Pandemic on North America Electroactive Polymer Market
10.1 Overview
10.2 North America: 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 3M
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Electroactive Polymers Market –Revenue and Forecast To 2027 (US$ Million)
Table 2. US Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. US Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 4. Canada Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 5. Canada Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 6. Mexico Electroactive Polymers Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 7. Mexico Electroactive Polymers Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 8. Glossary of Terms, Electroactive Polymer Market
LIST OF FIGURES
Figure 1. Electroactive Polymers Market Segmentation
Figure 2. North America Electroactive Polymers Market Segmentation – By Country
Figure 3. North America Electroactive Polymers Market Overview
Figure 4. Inherently Conductive Polymer Segment Held Largest Share of North America Electroactive Polymers Market
Figure 5. US is Expected to Show Remarkable Traction During the Forecast Period
Figure 6. North America Electroactive Polymer Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Expert Opinion
Figure 9. Electroactive Polymers Market Impact Analysis of Driver and Restraint
Figure 10. North America: 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 23. North America: Electroactive Polymers Market, by Key Country – Revenue (2019) (USD Million)
Figure 24. North America: Electroactive Polymers Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. US: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Canada: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Mexico: Electroactive Polymers Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets
- The Lubrizol Corporation
- Arkema Group
- Solvay S.A.
- Parker Hannifin Corp
- Celanese Corporation
- Avient Corporation
- Agfa-Gevaert Group
- 3M
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