Development of novel materials and increasing acceptance are molding the Electronic Polymers Industry
The Global Electronic Polymers Market is expected to witness a CAGR of 9.1% to reach a value of $52.91 billion by 2023
Bangalore, India, March 12, 2019: With its recently published study “Electronic Polymers Market: Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023”, Infoholic Research forecasts that the global market for electronic polymers will continue to grow due to increasing demand from applications such as packaging & labeling, healthcare devices, automotive, and electrical & electronics. The Global Electronic Polymers Market is projected to grow at a CAGR of 9.1% during the forecast period 2018–2023 to reach a value of $52.91 billion by 2023.
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The growing awareness, changing importance amongst the customers regarding health, and the increased spending of their disposable income share on healthcare provide an opportunity for healthcare service providers to use improved devices and technologies to offer better services. This in turn, creates a potential market for innovative materials, such as electronic polymers, to contribute even higher in the growing healthcare market.
Among the applications, electrical & electronics is dominant in the global electronic polymers market. Another major application contributing toward the market growth is packaging & labeling. The increased awareness about aesthetics & safe packaging is aiding the packaging market to use more of electronic polymers owing to their various effective properties.
In terms of the analysis of major types, the magnetic polymers segment is contributing majorly to the electronic polymers market growth. The electroactive polymers segment is expected to grow at a high CAGR of 11.6% during the forecast period. The expected growth will positively impact the global electronic polymers market in the coming years.
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“The changing lifestyle, growing awareness about the health, increasing awareness about the importance of aesthetics in packaging, and demand for flexible electronics are among the primary factors predicted to positively impact the global market.” – Vasundhara Singh, Research Associate, Infoholic Research
Key Insights of the Report Include:
- Major Types:
- Electroactive Polymers
- Magnetic Polymers
- Other Polymers
- Key Applications:
- Electrical & Electronics
- Packaging & Labeling
- Healthcare Devices
- Industry outlook: Market trends, drivers, restraints, and opportunities