Electroactive Polymer Market to Register Unwavering Growth During 2017 to 2025

GarnerInsights.com has added the report, “Electroactive Polymer Market – Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 – 2025” published by Reports Monitor.

Market Synopsis:
Electroactive polymers (EAPs)
are flexible and elastic polymers that change size or shape when stimulated by electric field means they bend, contract or expand after applying voltage. EAPs behave similar to biological muscle having similar mechanism. EAPs are light in weight, low power, inexpensive, resilient, agile and sustain damage. EAPs have variety of applications in electronic and automotive sector. Also they can be used for building actuators and sensors as having property like changing shape & size.

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Electroactive Polymer Market
Electroactive Polymer Market

Market Growth Factors:
The use of EAPs in robotics for muscle development is more cost effective than usage of other materials like semiconductors and metals.  So the growing use of robotics can help to drive the electroactive polymers market. However, the extensive use of EAPs in medical devices, electromagnetic interference, and high tension sensors increased the growth rate of this market. Consecutive development in smart fabrics such as digital components like batteries & lights used in clothing will boost the ERP market in upcoming years. Besides having market driving properties, it is necessary to consider the EAP’s impact on environment. Due to rigid environmental regulations it will affect the growth of the market. The major challenge for EAP market is manufacturing process and high pricing.

The electroactive polymer market is mainly segmented in conductive plastics and Inherently Conductive Polymers (ICP). Further, conductive plastics are sub-divided in Electrostatic Discharge (ESD)/Electromagnetic Interference (EMI) compounds, antistatic additives, carbon fiber, and carbon nanotubes. Among of these, EMI and ESD are projected to lead the ESPs market. However, ICP includes polythiophene, polyaniline, polyacetylene, polyphenylene vinylene, polyfluorenes, polyphenylene sulfide, and polynaphthalenes. ICP is used for manufacturing Organic Light Emitting Diodes (OLED) to provide electrical conductivity and optical clarity. EAPs segmented by application-wise are electrostatic discharge protection, electromagnetic interference shielding, actuators, capacitors, batteries, sensors, solar cells, fabrics and textiles. In upcoming years, actuator segment will develop applications for healthcare sector with the use of biomimetic robotics.

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Geographical Analysis:
Region-wise, the electroactive polymer market is segregated in North America, Europe, Asia Pacific, Middle East & Africa and LAMEA. However, current market share is held by U.S. in North America region. And European countries are followed by North America. Due to lack of awareness about functionalities of EAPs, Asia Pacific region have less demand currently. As it is untapped market, in upcoming years remaining regions will shows surprising growth in this market.

Competitive Analysis:
The major key players for electroactive polymers includes Solvay, Parker Hannifin, AGFA-Gevaert, 3M, Artificial Muscle Inc., Novasentis, Polyone, Premix, Heraeus. These industries are expected to do heavy investments in research and development due to technical advancement in EAP market.

Recent News:
• In May, 2016, Parker Hannifin’s developing a hyper elastic strain sensor that comprises of a dielectric electroactive polymer which can strain to 100%. In addition, the sensor is based on a flexible substrate and printed, resulting in an overall device that is soft and flexible and therefore conformal to the object it is being attached to.

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