Global Electroactive Polymers Market: Use in Phones, Tablets, and Headphones to Widen Scope, Reports Tmr

Transparency Market

Research

Electroactive Polymers Market - Global Industry

Analysis, Size, Share, Growth, Trends, and Forecast

2016 - 2024

Published Date

08-June-2016

185 Page Report

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Global Electroactive Polymers Market: Use in Phones,

Tablets, and Headphones to Widen Scope, reports TMR

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Electroactive Polymers Market

REPORT DESCRIPTION

Electroactive Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

2016 - 2024

There exists a high focus on customization and innovation among players in the global electroactive polymers

market as they vie to gain a competitive edge, finds Transparency Market Research (TMR) in a new report.

The share of the top five companies operating in the global electroactive polymers market amounted to 25.6%

in 2015. These companies are PolyOne Corporation, Heraeus Deutschland GmbH & Co. KG, BASF SE, Cabot

Corporation, and Celanese. The market, because it is fragmented, operates on goodwill and long term

contracts. The degree of competition varies as per regional demand. There are low entry barriers for new

entrants because of a low capital requirement, states TMR. New players are entering the market with

differentiated technology offerings. Electroactive ceramics is a substitute product for electroactive polymers,

but with limited applications. Thus, there exists a low threat of substitutes for electroactive polymers.

According to the report, the global electroactive polymers market is projected to rise from US$2.94 bn in 2015

to US$5.69 bn by 2024, expanding at a 7.6% CAGR from 2016 to 2024. On the basis of product, the

conductive polymer segment will continue to lead and is likely to account for 82.7% of the market by 2024. By

application, the ESD and EMI protection segment led in 2015 and...