The global conductive polymers market reached a value of $4,441.7 million in 2017 and is expected to generate $7,341.2 million in 2023, advancing at an 8.7% CAGR during the forecast period (2018–2023). The market is growing due to the increasing preference for lightweight and high performing electronic products, growing solar power capacity, surging demand for conductive polymers in a variety of applications, rising focus over energy efficient technologies. Conductive polymers are polymers which conduct electricity.

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In terms of type, the conductive polymers market is divided into polyaniline, inherently conductive polymer (ICP), polyphenylene based resin, polycarbonates, and others (polypropylene, nylon, acrylonitrile, and polyvinylchloride). Among all these, the market was dominated by the polyaniline during the historical period (2013–2017), holding a revenue share of over 30.0% in 2017. This was due to its properties including good stability in aggressive media and at high temperature.

The applications of this polymer include fuel cells, supercapacitors, batteries, and sensors. During the forecast period, the ICP division is projected to witness the fastest growth.A key trend in the conductive polymers market is the growing adoption of conductive polymers in smart materials production. Smart materials are materials which exhibit properties such as mechanical, optical, electromagnetic, and chemical which can be altered for performing a particular function. These materials are increasingly being adopted for manufacturing artificial muscles along with other prosthetic medical devices that utilize the ability of CPs for changing shape and size of artificial limbs.

Such materials are made up of conductive polymers and offer higher strength and flexibility than traditional materials utilized in the production of prosthetics.Hence, the market is growing due to the rising preference for lightweight and high performing electronic products and increasing focus over energy efficient technologies.

Recent Strategic Developments of Major Conductive Polymers Market Players

In recent years, major players in the conductive polymers market have taken several strategic measures, such as product launches and facilities expansions, to gain a competitive edge in the industry. For instance, in April 2018, Solvay S.A. launched Evolite F1050 tape for offshore oil and gas applications. Evolite F1050 has chemical and mechanical resistance and is suitable for high temperature applications. It can be used in offshore hybrid flexible pipes and thermoplastic composite pipes (TCPs).Moreover, in February 2018, The Lubrizol Corporation announced for expansion of its engineered polymers thermoplastics polyurethane (TPU) business, which included new capacity added in North America, Europe, and Asia. The expansion is expected to meet the increased demand for polymers in the different regions.