Electroactive polymers are polymers that display a change in size or shape when stimulated by an electric field. The most common applications of this type of material are in actuators and sensors. A typical characteristic property of an Electroactive polymers is that they will undergo a large amount of distortion while sustaining large forces.
Electroactive polymers (EAPs) are a type of flexible, elastic polymer (elastomer) that change size or shape when stimulated by an electric field. In other words, apply a voltage and they bend, contract or expand.
Generally speaking, EAPs are categorized by their mode of activation: electronic or ionic. Electronic EAPs include electrostrictive elastomers and dielectric electroactive polymers (DEAPs), while an example of an ionic EAP is the ionic polymer metal composite (IPMC). One of the most common applications for EAPs is in the field of robotics in the development of artificial muscles; thus, an electroactive polymer is also known as an artificial muscle.
As per the research analysis the electroactive polymers market is estimated at USD 3.51 billion in 2017 and is projected to reach USD 5.12 billion by 2022, at a CAGR of 7.9% between 2017 and 2022. Mergers & acquisitions and new product launches are the key strategies adopted by the major players to strengthen their footholds in the electroactive polymers market. The Asia Pacific region, followed by the North American and European regions witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017.
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EAPs are polymers that possess electrical properties similar to metals along with the mechanical properties of polymers. Polymer doping helps enhance these properties and makes EAPs more preferable to metals or other polymers. EAPs find applications in various end-use industries because of their unique properties. Contrary to conventional materials (metals), EAP products are lighter in weight, durable, and have better conductive properties. Moreover, these polymers can develop a strain of more than 100% and have high actuation pressure per unit mass, which provide maximum (100%) change in shape. Among types, the inherently conductive polymers segment is projected to grow at the highest CAGR between 2017 and 2022. Inherently conductive polymers are undergoing extensive R&D activities, as these are also expected to have potential applications in the field of robotics, energy harvesting, coatings, medicals, and smart fabrics. Inherently conductive polymers exhibit excellent optical and electrical properties, high transparency, high environmental stability, low cost, and high process ability in comparison to other EAPs.
The key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others.
The Asia Pacific electroactive polymers market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific electroactive polymers market can be attributed to the rising demand from Electrostatic Discharge (ESD) protection and Electromagnetic Interference (EMI) shielding applications, coupled with economic growth in the region. The European electroactive polymers market is expected to witness moderate growth during the forecast period. This moderate growth can be attributed to growth in Electrostatic Discharge (ESD) protection and Electromagnetic Interference (EMI) shielding applications as compared to other regions. The slowing down of the economies of the European region has further led to the gradual shift of the manufacturing industry to the emerging economies of the Asia Pacific, such as China and Japan.
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Electroactive polymers (EAPs) are a type of flexible, elastic polymer (elastomer) that change size or shape when stimulated by an electric field. In other words, apply a voltage and they bend, contract or expand.
Generally speaking, EAPs are categorized by their mode of activation: electronic or ionic. Electronic EAPs include electrostrictive elastomers and dielectric electroactive polymers (DEAPs), while an example of an ionic EAP is the ionic polymer metal composite (IPMC). One of the most common applications for EAPs is in the field of robotics in the development of artificial muscles; thus, an electroactive polymer is also known as an artificial muscle.
As per the research analysis the electroactive polymers market is estimated at USD 3.51 billion in 2017 and is projected to reach USD 5.12 billion by 2022, at a CAGR of 7.9% between 2017 and 2022. Mergers & acquisitions and new product launches are the key strategies adopted by the major players to strengthen their footholds in the electroactive polymers market. The Asia Pacific region, followed by the North American and European regions witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017.
Get a free PDF brochure to know about the assumptions considered for the study.
EAPs are polymers that possess electrical properties similar to metals along with the mechanical properties of polymers. Polymer doping helps enhance these properties and makes EAPs more preferable to metals or other polymers. EAPs find applications in various end-use industries because of their unique properties. Contrary to conventional materials (metals), EAP products are lighter in weight, durable, and have better conductive properties. Moreover, these polymers can develop a strain of more than 100% and have high actuation pressure per unit mass, which provide maximum (100%) change in shape. Among types, the inherently conductive polymers segment is projected to grow at the highest CAGR between 2017 and 2022. Inherently conductive polymers are undergoing extensive R&D activities, as these are also expected to have potential applications in the field of robotics, energy harvesting, coatings, medicals, and smart fabrics. Inherently conductive polymers exhibit excellent optical and electrical properties, high transparency, high environmental stability, low cost, and high process ability in comparison to other EAPs.
The key players operating in the electroactive polymers market are Solvay (Belgium), Parker Hannifin (US) Agfa-Gevaert (Belgium), 3M (US), Merck (Germany), Lubrizol (US), Novasentis (US), Premix (Finland), and PolyOne Corporation (US), among others.
The Asia Pacific electroactive polymers market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific electroactive polymers market can be attributed to the rising demand from Electrostatic Discharge (ESD) protection and Electromagnetic Interference (EMI) shielding applications, coupled with economic growth in the region. The European electroactive polymers market is expected to witness moderate growth during the forecast period. This moderate growth can be attributed to growth in Electrostatic Discharge (ESD) protection and Electromagnetic Interference (EMI) shielding applications as compared to other regions. The slowing down of the economies of the European region has further led to the gradual shift of the manufacturing industry to the emerging economies of the Asia Pacific, such as China and Japan.
Sign-up for webinar to uncover the high growth opportunities in Electroactive Polymer Market.
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