North America Electroactive Polymers Market

Market Introduction

The North America electroactive polymers market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The North American region constitutes developed economies such as US, Canada, and Mexico as a developing nation. Developments in science and technology, especially in the electronics and semiconductors sector, have led to the advent of smart polymers that are capable of changing shape when stimulated by current. Smartphone is a key example of smart electronics that use components made from electroactive polymers, such as batteries, capacitors, proximity sensors, fingerprint sensors, and touchscreen sensors. Electroactive polymers also find use in smart computers, laptops, and tablets. With the ongoing research and development activities, companies are likely to come up with the use of electroactive polymers in computers for blind people via braille. Electroactive polymers are being used in electronic devices to expand the character limit while using braille and thus help the visually impaired people in communicating.   

North America, especially the US, 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 North American countries such as Mexico and Canada. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.

North America Electroactive Polymers Strategic Insights

Strategic insights for the North America Electroactive Polymers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Electroactive Polymers Report Scope

North America Electroactive Polymers Regional Insights

The geographic scope of the North America Electroactive Polymers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The electroactive polymers market in North America is expected to grow from US$ 584.28 million in 2019 to US$ 973.88 million by 2027; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027.  The field of biomimetics presents lucrative applications for electroactive polymer companies; the field deals with the models, systems, and elements of nature to solve complex human problems. Under these applications, electroactive polymers are used to mimic the functioning of muscles. The industry is still in a growth stage, witnessing continuous investments in the development of artificial intelligence (AI) with major focus on artificial muscles and vision. Electroactive polymers offer resilience, and large actuation, flexibility, and tolerance to damage due to which they are being used to fabricate muscles with the capabilities of biological muscles. In the recent past, machines have been made that imitate fish, birds, plants, and insects. For instance, Eamex Corporation developed an electroactive polymer-based fish known as floajet. However, the suitable properties of electroactive polymers desired for biomimetic performance such as density, strain, speed, efficiency, and actuation pressure is yet to confirm.

Key Market Segments

Based on application, the ESD and EMI protection segment accounted for the largest share of the North America electroactive polymers market in 2019. Based on type, the inherently conductive polymer segment held a larger market share of the North America electroactive polymers market in 2019. Side effects caused due to an electrostatic discharge (ESD) is an induced EMI (electromagnetic interference). The effects of undesired electromagnetic radiation or EMI on ungrounded or unshielded conductors are commonly underestimated. An ESD protection device can protect a circuit from an electrostatic discharge (ESD) to prevent a malfunction or breakdown of any electronic device. Electroactive polymers are utilized in such devices for EDS protection since these polymers have high physical & mechanical strength and anti-static properties. The inherently conductive polymer is a family of specialty conductive thermoplastic compounds, which fulfill uniform and precise surface resistivity throughout a resistivity spectrum from strong ESD to strong anti-static. These polymers are quite suited for disk-drive components, wafer processing, and cleanroom applications. They are advantageous in automotive applications needing static discharge protection like fuel system components.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America electroactive polymers market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Lubrizol Corporation, Arkema Group, Solvay S.A., Parker Hannifin Corp, Celanese Corporation, Avient Corporation, Agfa-Gevaert Group, Kenner Material & System Co., Ltd. and 3M.

Reasons to buy report

• To understand the North America electroactive polymers market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America electroactive polymers market
• Efficiently plan M&A and partnership deals in North America electroactive polymers market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America electroactive polymers market
• Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

NORTH AMERICA ELECTROACTIVE POLYMERS MARKET SEGMENTATION

By Type

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

By

Application

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

By Country

• US
• Canada
• Mexico

Company Profiles

1. The Lubrizol Corporation
2. Arkema Group
3. Solvay S.A.
4. Parker Hannifin Corp
5. Celanese Corporation
6. Avient Corporation
7. Agfa-Gevaert Group
8. 3M