According to a recently published report by Research Nester on “Electronic Polymer Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Electronic Polymer market in terms of market segmentation by polymer type, by application type and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global electronic polymer market is segmented by polymer type into electroactive polymers, magnetic polymers and other polymers; by application into electrical & electronics, healthcare devices, packaging & labeling, automotive and others and by regions. Rising application of electronic polymer in electrical and electronics segment owing to high consumer demand is anticipated to mark a CAGR of around 20% during the forecast period i.e. 2019-2027.
The growth of the large end-use industries such as electronics & semiconductors is anticipated to drive the market growth during the forecast period. The increased per capita income owing to the changes in the economy in developing countries across the globe has improved the purchasing power of the buyers concerning electronics products, while also encouraging them to spend more on healthcare and packaging as they are also the significant users of electronic polymers.
According to Pew Research Center, as of January 2019, share of people in the U.S using E-reader, Tablet and Desktop/Laptop are 73%, 53% and 22% respectively, which is anticipated to propel the growth of the market during the forecast period.
Asia Pacific is expected to dominate the market growth at a high rate during the forecast period owing to high application from end-use industries in the developing countries such as China and India. Additionally, China is among the largest electronic hubs globally and has significantly contributed to the increased consumption of electronic polymers. North America is also anticipated to witness substantial growth concerning electronic polymers during the forecast period on the account of numerous innovations in the end user segment through research and developments. Furthermore, the growing automotive industry with advance systems in Europe is also contributing towards the electronic polymer market.
Steady Application in Electrical and Electronics Industry
Electronic polymers are largely used in the electrical and electronic goods at a high rate owing to growing consumer demand for light-weight wearable devices. The growing disposable income of the people is anticipated to project high growth in the electronics industry which is in turn driving the growth for electrical and electronic sector.
However, high cost for manufacturing is expected to create a hindrances to the market growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Electronic Polymer market which includes company profiling of BASF SE, DowDuPont, Covestro, AU Optronics Corp, Merck KGaA, Jinko Solar, LG Display, Samsung, GENERAL ELECTRIC and 3M. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Electronic Polymer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.