According to the research report titled ‘Conductive Polymers Market Size By Conduction Mechanism, By Application (Anti-static Packaging & Coating, Capacitors, Actuators & Sensors, Batteries, Solar Cells, Electroluminescence, Printed Circuit Board), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global conductive polymers market is expected to record a healthy growth rate during the forecast period 2020-2026.
 

Growing focus on battery technologies, increasing demand for light weight components, expanding semiconductor and electronics industry, and large-scale investments in solar power generation are spurring global conductive polymers market growth.
 

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However, poor stability of conductive polymers in certain environment condition, high production cost, and low product penetration in emerging nations are negatively impacting the business dynamics.
 

Based on the application scope, global conductive polymers market size from batteries segment is set to expand at a CAGR of 6.9% during 2020-2026. Rising concerns regarding environmental safety, depletion of natural resources, and growing inclination towards clean energy generation sources are fueling the segmental growth. In particular, conductive polymers are witnessing a widespread adoption in automobile and electric vehicle batteries.
 

Meanwhile, solar cells segment is estimated to exhibit 6% CAGR through 2026, creditable to developing consciousness about renewable energy and advancements in solar cell technology. The demand for polymers can be attributed to their applicability in adjusting solar cell structures and device components as per the desired needs. Moreover, they can be utilized as interface layer and as whole electron transfer materials, which further favors their adoption.
 

From a geographical perspective, global conductive polymers market size spans across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific market is projected to record 7.6% CAGR through 2026. Growing consumer expenditure on electronics, automobiles, and durables in emerging economies like India, China, Indonesia, and Thailand, along with burgeoning population are stimulating the regional market growth.
 

Likewise, MEA conductive polymers market is slated to grow considerably, expanding with an appreciable CAGR of 5.5% during the forecast period, owing to expansion of end-user industries and increased consumer expenditure on premium electronics, automobiles, and durables.
 

Elaborating on the competitive landscape, Premix Oy, RTP Company Inc., Kenner Material & System Co. Ltd., Westlake Plastics Company Inc., Heraeus Group, Lubrizol Corp., Kemet Corp., Henkel AG & Co. KGaA, SABIC, Celanese Corp., Covestro AG, DuPont de Nemours Inc., Agfa-Gevaert N.V., Avient Corp., and 3M Company are the major contenders in global conductive polymers market sphere.