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May 12, 2008 -- A recent report published by Global Industry Analysts posits that, as the U.S. economy regains poise in the upcoming years, resurgence in demand for high performance and low cost materials for electrical and electronics product components and devices is likely to augment the use of conductive polymers in the electronics industry.
Use of conducting polymeric materials is also expected to increase as the automobile and diesel industries recover from their present troubles. Extensive use of materials such as nylon, polyphenylene, and polypyrrole is expected to help fuel the market growth; these polymeric materials are typically applied in fan blades, surge tanks and connectors.
Demand for polymeric materials is forecasted to rise at a robust rate in the chemical industry due to better performance, high resistance to chemicals, thermal properties, less weight and low costs. Growing interest in conductive polymers filled with fiber is expected to enhance its use in end-use applications such as material handling, antistatic packaging, and for worksurfaces and flooring.
The report notes that the market is characterized by high entry barriers, largely due to the need for specialized technical knowledge and expensive production know-how regarding these highly conductive materials. The U.S. conductive polymers market is also seen being threatened by the emergence of high quality, low-cost competition from European counterparts. Manufacturers are seen increasingly facing pricing pressures due to increase in the costs of raw materials, transportation, energy and packaging.
Nonetheless, the report forecasts the conductive polymers market in the U.S. to grow at a CAGR of 6.08% over the years 2011 through 2015. The market for Acrylonitrile Butadiene Styrene is forecasted to grow at a CAGR of 8.10% over the period of 2011 through 2015. Demand for inherently conductive polymers is projected to reach 7,493 metric tons by the year 2012.
Major companies operating in the industry include 3M Company, Cabot Corporation, Chevron Phillips Chemical Company LLC, Crosslink, Cytec Industries Inc, The Dow Chemical Company, Eastman Chemical Company, Ferro Corporation, Fortron Industries LLC, Fractal Systems Inc., Hyperion Catalysis International Inc., Illinois Tool Works Inc., KEMET Corporation, Konarka Technologies Inc., Littelfuse Incorporated, Lubrizol Advanced Materials Inc., National Starch and Chemical Company, Novamet Specialty Products Corporation, Phillips Sumika Polypropylene Company, PolyOne Corporation, Spartech Corporation, Solutia Incorporated, and Synthetic Rubber Technologies Inc, among others.
For more details about the research report, click here.
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