Zion Market Research Electroactive Polymers Market, 2015 - 2021 | Page 3

Electroactive Polymers Market
Electroactive polymers are used in the automotive industry where they are used as actuators
and sensors. There is a high demand for materials that are light in weight but are strong and
durable. Car makers are trying to achieve this by using modern electroactive polymers in
numerous automotive electronic components such as multiple sensors, accelerometers, and
accelerator pedal modules. High demand for automobiles will definitely increase the demand for
electroactive polymers.
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The global electroactive polymers market can be segmented on the basis of type and
application. Based on the type, the global market is segmented as ionic EAPs or electric EAPs.
Further, the electric EAPs segment is sub-segmented as dielectric elastomers, liquid crystal
elastomers, ferroelectric, and others. The ionic EAPs segment is sub-segmented as conductive
polymers and ionic polymer-metal composites. On the basis of application, the global
electroactive polymers market is segmented as actuators, batteries, solar cells, sensors, fabrics,
capacitors, and textiles.
North America is the leading player in the global electroactive polymers and is anticipated to
continue this trend in future. In other regions, the development and demand for electroactive
polymers are growing at low pace due to lack of awareness, which in turn is attracting many
globally prominent players as along with demand in North America. Europe, on the other hand in
terms of demand, is in the second position followed by Asia Pacific. Due to weaker exposure to
the benefits of electroactive polymers, these regions are experiencing low demand. However,
this trend is expected to change in the near future as both regions will create more avenues for
the use of electroactive polymers.