South America Electroactive Polymers Market is expected to reach US$ 245.08 million by 2027

Inherently Conductive Polymers Segment to Dominate South America Electroactive Polymers Market during 2019–2027

According to The Insight Partners market research study on “South America Electroactive Polymers Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application and Country,” is expected to reach US$ 245.08 million by 2027 from US$ 185.16 million in 2019. The market is estimated to grow at a CAGR of 3.6% from 2020 to 2027. The report provides trends prevailing in the South America electroactive polymers market along with the drivers and restraints pertaining to the market growth. Extensive applications of electroactive polymers and components made from them and incrementing demand for smart electronics are the major factors driving the growth of the South America electroactive polymers market. However, the harmful environmental impact caused by electroactive polymers may hinder the growth of South America electroactive polymers market.

South America, especially Brazil, 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 South American countries such as Argentina, Colombia, Peru, and Chile. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.

The market for South America electroactive polymers is segmented into type, application and country. Based on type, the market is segmented into conductive plastic, inherently conductive polymer, inherently dissipative polymers and others. In 2019, inherently conductive polymer segment held the largest share in South America electroactive polymers market. Based on application, the South America electroactive polymers is divided into sensors, actuators, ESD and EMI protection, antistatic packaging, robotics and others. The robotics segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the South America electroactive polymers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South American countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for electroactive polymers.

Arkema Group, Solvay S.A., Parker Hannifin Corp, Celanese Corporation, Avient Corporation, Agfa-Gevaert Group and 3M are some of the leading companies in the South America electroactive polymers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the South America Electroactive Polymers market as follows:

• Conductive Plastic
• Inherently Conductive Polymer
• Inherently Dissipative Polymers
• Others

• Sensors
• Actuators
• ESD and EMI Protection
• Antistatic Packaging
• Robotics
• Others

• Brazil
• Argentina
• Rest of South America