Electronic Polymers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Conductive Plastics, Inherently Conductive Plastics, and Inherently Dissipative Plastics), By Application (Batteries, Sensors, Capacitors, Actuators, Electrostatic Discharge Protection, Electromagnetic Interference Shielding, and Others), By End User (Chemical & Petrochemicals, Oil & Gas, Energy & Power, Automotive, Healthcare, and Others), and Region

Electronic Polymers Market size was valued at US$ 5,349.6 million in 2023,and is poised to grow at a CAGR of 7.9% from 2024 to 2030. Polymer electronics is an emerging technology that focuses on the development of electronic devices incorporating electrically conductive and semiconductor organic materials that are utilized to produce electronic appliances, oil & gas, and others.

The growth of the market is due to durable, lightweight, and better conductive properties. The continuous innovation in smart devices needs quality electronic fabrics for sensors, actuators, and capacitors production, the demand for smart fabrics has increased due to extensive research and development and rapid growth in the electronic market is the major factor that drives the market growth.

Increasing biometric applications across the world for security, in biometric polymers are fabricated to resemble muscles, this new technology development in smart fabrics provides huge growth opportunities in the market. The materials used to produce electronic polymers are environmentally hazardous, the disposal of waste creates huge waste in nature and impacts environment's food chain therefore, the government enforced stringent regulations for the use and disposal of such polymers.

The high voltage applications involve the risk of damage to electronic polymers consequences of circuit breakdown and loss of operability causing major challenges in the electronic polymer market growth. Globally, Asia Pacific held the major market share in 2023 and is expected to dominate the global electronic polymers market in the forecasted years.

Electronic Polymers Market Key Developments

In September 2022: Motion and control technologies company Parker-Hannifin Corp. completed its acquisition of aerospace and defense components manufacturer Meggitt PLC. Meggitt is said to have diverse aerospace and defense exposure with technology and products on almost every major aircraft platform.