Electroactive Polymer Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Electroactive Polymer Market is estimated at USD 3.51 billion in 2017 and is projected to reach USD 5.12 billion by 2027, at a CAGR of 7% from 2021 to 2027.

Electroactive polymers are also called EAPs. They are a type of polymer that change shape and size when an external electric field is applied. The main advantages of electroactive polymers are that they are lightweight, easy to manufacture, and available at low cost. Electroactive polymers are widely used in a variety of applications such as actuators, sensors, ESD and EMI protection, drug delivery systems, robotics, and electrostatic plastics. The global electroactive polymer market is expected to exhibit a CAGR of over 7% during the review period. Increasing industrialization and urbanization in developing countries around the world is expected to propel the market growth during the forecast period. Additionally, increasing demand, particularly in the automotive and electronics sectors, is expected to contribute to the growth of the sector.

Market Segments

Electro Active Polymer Market, by Type:

• Conductive Plastics
• Inherently Conductive Polymers
• Inherently Dissipative Polymers

Electro Active Polymer Market, by Application:

• Electrostatic Discharge Protection
• Electromagnetic Interference Shielding
• Actuators
• Capacitors
• Batteries
• Sensors

Key Players

Some of the prominent players operating in the global electroactive polymers market are Solvay (Belgium), Parker-Hannifin Corporation (U.S.) Agfa-Gevaert Group (Belgium), 3M (U.S.), Merck Sharp & Dohme Corporation (Germany), The Lubrizol Corporation (U.S.), NOVASENTIS, INC (U.S.), Premix (Finland), PolyOne Corporation (U.S.), and Kenner Material & System Co., Ltd (China).

Scope of the Report

The research study analyzes the global Electroactive Polymer industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Electroactive Polymer Market Report

1. What was the Electroactive Polymer Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Electroactive Polymer Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Electroactive Polymer Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.