MarketsandMarkets Publishes Electroactive Polymers Market Report
According to a new market research report, ‘Global Electroactive Polymers Market (2009 - 2014)’, published by MarketsandMarkets (www.marketsandmarkets.com), the global electroactive polymers product market is expected to be worth US$2.78 billion by 2014, growing at a CAGR of 8.3% from 2009 to 2014. The North American market is expected to account for nearly 65% of the total revenues.
Review the complete report at: http://www.marketsandmarkets.com/Market-Reports/electroactive-polymers-advanced-technologies-and-global-market-87.html
The electroactive polymers market is segmented into conductive plastics, inherently conducting polymers and inherently dissipative polymers. The global electroactive polymers market was at $1.7 billion in 2008; and is expected to grow exponentially at a CAGR of 8.3% from 2009 to 2014 mainly due to the already existing demand for new applications be commercialized in the next five years.
The electroactive polymers market holds a lot of scope for improved material commercialization as it is still in its nascent stage, and as high temperature resisting polymers are yet to be developed. The expected applications of electroactive polymers, such as full-page displays and biomimetics, are expected to boost the overall market. The development and commercialization of new polymers would further widen EAP applications. The key players in the electroactive polymers market include Artificial Muscle, H.C. Starck, Panipol Oy, etc.
Intensive R&D efforts, early product commercialization, and the high absorption rate of electronic products made North America the dominant market in 2008. The region held a 64% share of the global electroactive polymers product market, followed by Europe with a 22% share in the same year.
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