The Electronic Polymers Market to grow at a CAGR of 9.1%
The Global Electronic Polymers Market is projected to reach a value of $52,918.6 million by 2023, owing to the demand from emerging economies and increasing consumption from application sectors such as electrical & electronics, automotive, packaging & labeling among many others. The market has various players, but it is highly competitive owing to different segmental requirements and product expertise. Innovation and product upgradation are vital for survival in the market. In our study, the Global Electronic Polymers Market has been segmented on the basis of types – electroactive polymers, magnetic polymers, and others. The report also covers the categories based on applications – electrical & electronics, packaging & labeling, healthcare devices, automotive, and others.
The Electronic Polymers have conductive or semi-conductive electrical properties. One of the major factors for their demand is the property of being easy to shape and process. The properties of the Electronic Polymers can also be modified by changing their structure or through processing, thereby attaining the desired properties. These properties make Electronic Polymers suitable for various applications.
Magnetic polymers, as a type, hold the highest market share. They have good magnetic properties and are utilized majorly in electrical & electronics, packaging & labeling, healthcare devices, and others. They are made up of organic polymers. Increasing technological advancements across the application areas are driving the major demand for magnetic polymers; thus, fueling the overall market.
Other major factors helping the market to grow are the adaptation of sensing technology owing to the awareness and education about it along with the increasing demand for flexible electronics. Both the factors together are helping the overall electronic polymers market to grow.
The study conducted by Infoholic Research provides drivers, restraints, opportunities with current and emerging market trends. Further, it covers an in-depth analysis of each application and each type along with forecasting and trends analysis in the Global Electronic Polymers Market. Major companies covered in the study include big multinational players such as BASF, DowDuPont, Covestro, AU Optronics Corp., and Merck KGaA that are offering varied electronic polymers.
- Vasundhara Singh,