TMR_Research_Reports_2017 Electroactive Polymers Trends of Market By 2024 | Page 2

Electroactive Polymers Market
REPORT DESCRIPTION
Electroactive Polymers Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 – 2024
The global electroactive polymers market holds immense potential as the market is still at its
nascent stage and presents a large scope of innovation. This is attracting new players with novel
techniques to enter the market and take advantage of the spiraling demand, finds Transparency
Market Research (TMR) in a new study. The low capital investment required for the production of
electroactive polymers is also prompting new players to venture into the market. This is likely to
intensify the degree of competition in the near future.
“The existing players are focusing on product differentiation, product customization, and research and
development activities to stay ahead in the market,” says TMR’s lead analyst. The top four players,
namely BASF SE, Cabot Corporation, Heraeus Deutschland GmbH & Co. KG, and PolyOne
Corporation, represented 23.7% of the overall market in 2015, indicating a highly fragmented nature
of the global electroactive polymers market.
The global electroactive polymers market was valued at US$304.8 mn in 2016 and is projected to
reach US$514.0 mn by the end of 2024, expanding at a CAGR of 7.6% from 2016 to 2024.
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http://www.transparencymarketresearch.com/electroactive-polymers.html
Conductive Polymer to Remain Most Prominent Product Segment through 2024
On the basis of product, conductive polymer accounted for a whopping share of 83.1% of the overall
market volume in 2015. The low cost and easy availability of these polymers are expected to fuel the
dominance of the segment through 2024. ICP, on the other hand, is likely to be the most promising
segment in terms of volume, making inroads in the shares of conductive polymer. Geographically,
North America will continue to command the lion’s share in the global arena in terms of volume until
2024. Asia Pacific will, however, rise at a higher CAGR of 7.1% in terms of volume during the forecast
period.
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Transparency Market Research