South America Electroactive Polymers Market Key Players and Opportunities by 2027

The South America electroactive polymers market is expected to grow from US$ 185.16 million in 2019 to US$ 245.08 million by 2027; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027.

US, Canada, and Mexico are the economies considered in South America. The companies are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. SAM includes countries, including Brazil, Argentina, and the rest of SAM. SAM is another region contributing to the growth of electroactive polymers in relation to the diversification of the application base. Electroactive polymers (EAPs) are quite the variants of polymers that, under the effect of an electric field, are destined to change shape or scale. In nature, EAPs are remarkably flexible since they can be conveniently produced in various forms owing to the simplicity involved in the manufacturing of many polymeric materials. The electroactive polymers market in the South American region is largely driven by the high use of these products by the end-use industries.

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.

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 South America Electroactive polymers market. Electroactive polymers are employed in sensors and actuators on account of their conductive & piezoelectric properties. Different types of electroactive polymers, including conductive plastic, inherently conductive polymers, inherently dissipative polymers, others are utilized in various industries, also creating demand for these products in the US market. Market players are offering various types of electroactive polymers for industries, such as electronics, packaging, automotive, aerospace, robotics, and others in the US. Increasing utilization of electroactive polymers for corrosion-inhibiting coatings, mainly on ferrous & non-ferrous alloys, actuators, metamorphic biomaterials, and protective fabrics, is anticipated to boost the product demand over the forecast period. Moreover, increasing demand for this product in antistatic packaging applications over the industries is likely to support product growth. In Mexico, most of the manufacturers are providing high-strength electroactive polymers with different types that are conductive plastic, inherently conductive polymers, inherently dissipative polymers, others. As the most prospective practical research direction, EAPs have been employed in artificial muscles; their ability to emulate the procedure of biological muscles with high fracture toughness, large actuation strain & inherent vibration-damping draw the attention of scientists in this field. And there is an expanding demand for artificial muscle with robotic products, which is contributing to market growth in Mexico.

South America Electroactive Polymers Market Segmentation

South America Electroactive Polymers Market – By Type

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

South America Electroactive Polymers Market – By Application

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

South America Electroactive Polymers Market – By Country

• Brazil
• Argentina
• Rest of South America

South America Electroactive Polymers Report Scope