Asia Pacific Electroactive Polymers Market Overview and Growth by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Asia Pacific Electroactive Polymers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Conductive Polymers, Inherently Conductive Polymers, Inherently Dissipative Polymers, and Others), Application (Actuators, Sensors, Electrostatic Discharge (ESD) and Electromagnetic Interference (EMI) Protection, Antistatic Packaging, and Others)
- Report Date : May 2021
- Report Code : TIPRE00022174
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 110
The Asia Pacific electroactive polymers market is expected to grow from US$ 2,547.17 million in 2019 to US$ 4,346.99 million by 2027; it is estimated to grow at a CAGR of 7.0% from 2020 to 2027.
US, Canada, and Mexico are the economies considered in Asia Pacific. The companies are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. Several domestic and international companies operating in the electroactive polymers market have a strong foothold in the Asia Pacific region. The APAC region encompasses an ample number of opportunities for the growth of electroactive polymers. This region has been noticed as one of the prominent markets for the utilization of electroactive polymers. Asia has ranked highest amongst chemicals-producing regions. China is mainly dominating the regional market, followed by other countries such as Japan, Taiwan, Vietnam, Korea, Thailand, Malaysia, and Indonesia. These countries are experiencing rising demand for the manufacturing and automotive industry. Apart from the electroactive polymer's application in the automotive industry, electroactive polymers are extensively utilized in medical devices, aircraft, electronics & appliances, industrial, and other industries. Where static dissipation & controlled conductivity are critical, electroactive or conductive polymers, have the ability to meet the requirements of high-temperature applications, including wire & cable and injection molded parts for petroleum as well as the chemical processing industry.
Asia Pacific, especially India, witnessed an unprecedented rise in number of COVID-19 cases, which led to the discontinuation of electroactive polymers manufacturing activities; other chemical and materials manufacturing sector has subsequently impacted the demand for electroactive polymers during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of electroactive polymers components manufacturing projects, thereby reducing the demand for electroactive polymers. Similar trend was witnessed in other Asia Pacific countries such as Australia, Japan, and China. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific electroactive polymers market. The demand for electric vehicles is escalating across the world, especially in developed countries of Asia Pacific. With the rising adoption of electric vehicles worldwide, the demand for electroactive polymers is also expected to increase in the coming years. Electroactive polymers are increasingly being used in electric vehicle components such as batteries, capacitors, and sensors. These polymers help enhance the battery life and overall performance of components, which, in turn, enhances the overall vehicle performance. According to the data cited by the International Energy Agency, China was the world's largest market (1.06 million electric cars sold in 2019).
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Asia Pacific Electroactive Polymers Market Segmentation
Asia Pacific Electroactive Polymers Market – By Type
- Conductive Plastic
- Inherently Conductive Polymer
- Inherently Dissipative Polymers
- Others
Asia Pacific Electroactive Polymers Market – By Application
- Sensors
- Actuators
- ESD and EMI Protection
- Antistatic Packaging
- Robotics
- Others
Asia Pacific Electroactive Polymers Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Asia Pacific Electroactive Polymers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,547.17 Million |
| Market Size by 2027 | US$ 4,346.99 Million |
| Global CAGR (2020 - 2027) | 7.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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