India and China to Fuel the Growth of the Global Electroactive Polymers Market in Near Future

Published Date : Feb 16, 2016

Polymers refer to a substance whose molecules comprises high molar masses. They are composed of a huge number of repeating units. Polymers occur naturally as well as synthetically. Polymers can withstand large force, due to which they are widely used in actuators and sensors. On the other hand, electroactive polymers are a different type of polymers, which exhibit a change in shape and size when they are stimulated by an electric field. Some of the major types of electroactive polymers available in the global market are:

  • Dielectric EAPs
    • Ferroelectric Polymers
    • Liquid Crystalline Polymers
    • Electrostrictive Graft Polymers
  • Ionic EAPs
    • Ionic Polymer-metal Composite
    • Electrorheological Fluid
    • Stimuli-responsive Gels

In 2011, the North America market for electroactive polymers was considered as the most potential region for the growth of the electroactive polymers market. The high growth in this region can be attributed to the substantial production of consumer electronics and constants efforts for innovation. These factors have further resulted in the enhancement of start-of-the-art electronic equipment and devices that require the addition of an effective and lightweight materials such as electroactive polymers. The North America region was followed by Europe and Asia Pacific. The developing economies including India and China are expected to boost the demand for electroactive polymers in the region, resulting in rapid growth of the Asia Pacific electroactive polymers market in the coming years.

Some of the major players operating in the global market for electroactive polymers are 3M, Konarka Technologies Inc., Panasonic Corporation, Du Pont de Nemours and Company, Bayer Material Science AG, and Sigma-Aldrich. Analyzing the competitive landscape of the electroactive polymers market, many new players are willing to participate in the market in the next few years. In addition, the developing economies have further boosted the demand for electroactive polymers resulting in increasing number of electroactive polymers players in the global market. These players are spending a huge amount on research and development activities to expand the applications of electroactive polymers and further create a niche for themselves in the overall market.