Parker Hannifin (US) is one of the leading manufacturers of electroactive polymer market

Electroactive Polymers Market Electroactive Polymers Market is projected to reach USD 5.12 Billion by 2022

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Introduction • The electroactive polymers market is estimated at USD 3.51 Billion in 2017 and is projected to reach USD 5.12 Billion by 2022, at a CAGR of 7.9% between 2017 and 2022. • Mergers & acquisitions and new product launches are the key strategies adopted by the major players to strengthen their footholds in the electroactive polymers market.

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Drivers & Restrains • EAPs find applications in various end-use industries because of their unique properties.

• Contrary to conventional materials (metals), EAP products are lighter in weight, durable, and have better conductive properties.

• These factors are expected to drive the growth of the electroactive polymer market during the forecast period.

• The major factor restraining the growth of the electroactive polymers market across the globe is the environmental impact of these polymers.

• Governments in developed countries have enforced stringent regulations on the use of such polymers.

• Environmental regulations on the use of petroleum products restrict the growth of the electroactive polymer market.

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Industry Insights ❖The electroactive polymers market has been classified on the basis of product type into conductive plastics, inherently conductive polymers, and inherently dissipative polymers. ❖Among types, the inherently conductive polymers market is projected to grow at the highest CAGR during the forecast period. ❖Inherentlyconductive polymers include materials, such as polythiophenes, polyanilines, polypyrroles, and polyacetylenes. ICPs are soluble, low-cost organic polymers which have electrical properties like other conductive metals and semiconductors. ICPs are a kind of ionic electroactive polymers which alter shape by motion or diffusion of ions and their conjugated substance.

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Regional Insights o The Asia Pacific region, followed by the North American and European regions witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017. o The growth of the Asia Pacific region can be attributed to the presence of various key manufacturers of electroactive polymers and increasing demand for electronic applications from countries, such as China, South Korea, Japan, and India. o Moreover, the easy availability of raw materials in the Asia Pacific region has attracted several global companies and investors to set up their production facilities in the region, thereby fuelling the growth of the Asia Pacific electroactive polymer market.

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Key Players â–Ş The key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others. â–Ş Parker Hannifin (US) is one of the leading manufacturers of electroactive polymer based sensors and actuators. The company has been focusing on new product launches to maintain its leading position in the electroactive polymers market.

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