Electroactive Polymers Market: Technavio Says the Increased Use of Touchscreens Will Boost Market Growth

June 10, 2017

#EAP--Technavio market research analysts forecast the global electroactive polymers (EAP) market to grow at a CAGR of more than 7% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the global electroactive polymers market for 2017-2021. The report also lists conductive plastics, inherently conductive polymers (ICPs) and inherently dissipative polymers (IDPs) as the three major types of electroactive polymers. The conductive plastics segment accounted for close to 81% of the market share in 2016.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio chemicals and materials analysts highlight the following three market drivers that are contributing to the growth of the global EAP market:
- Increased use of touchscreens
- Cost-effective and lightweight polymers
- Shift from EAC to EAP
Increased use of touchscreens

Haptic technology in electronic devices allows users to perceive touch sensations. An actuator made of EAP is embedded in the device, which helps in creating this touch sensation and making it more realistic. Many consumer devices are equipped with this technology. This technology is gaining prominence due to the increase in competition among vendors catering to the hand-held device market.

According to Mahitha Mallishetty, a lead analyst at Technavio for plastics, polymers, and elastomers research, “The global smartphone market is expected to grow at a CAGR of about 8% during the forecast period, with China and India being the largest markets for smartphones during the forecast period. This increase in the demand for touchscreen smartphones will provide considerable prospects for the growth of the global EAP market.”

Cost-effective and lightweight polymers

Using polymers in applications such as robotics is more cost-effective than metals and semiconductor materials. The global problem of increasing healthcare costs can be solved using EAP in biomimetics and biomedicine.

“EAP polymers can be fabricated to resemble human muscles and mimic their movements. Therefore, they can be used for developing bioprosthetics for individuals with physical deformities,” says Mahitha.

EAP are lightweight, which is one of the most important properties aiding market growth. Their striction capability is more than two orders the magnitude of electroactive ceramics (EAC). While electric motors are weak, hydraulics and pneumatics are heavy for use in robotics or prosthetics. EAP are not only quiet but also capable of energy densities like biological muscles apart from being lightweight and cost-effective.

Shift from EAC to EAP

EAP have both low density as well as high toughness, inherent vibration damping, and large actuation strain constant. These unique properties of EAP have made the polymer attractive for use in biomimetic applications such as making biologically inspired intelligent robots. These polymers are emerging as a new actuation material with displacement capabilities that cannot be matched by the striction-limited and rigid ceramics. They can form any shape and be used for building sensors and actuators. Therefore, the improved properties of EAP over EAC is driving the growth of the market.

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Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like glass and ceramics, industrial gases, and olefins. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

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LONDON–(BUSINESS WIRE)–#EAP—Technavio
market research analysts forecast the global
electroactive polymers (EAP) market to grow at a CAGR of
more than 7% during the forecast period, according to their latest
report.

The market study covers the present scenario and growth prospects of the
global electroactive
polymers market for 2017-2021. The report also lists conductive
plastics, inherently conductive polymers (ICPs) and inherently
dissipative polymers (IDPs) as the three major types of
electroactive polymers. The conductive plastics segment accounted for
close to 81% of the market share in 2016.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio chemicals
and materials analysts highlight the following three market
drivers that are contributing to the growth of the global EAP market:

Increased use of touchscreens
Cost-effective and lightweight polymers
Shift from EAC to EAP

Increased use of touchscreens

Haptic
technology in electronic devices allows users to perceive touch
sensations. An actuator made of EAP is embedded in the device, which
helps in creating this touch sensation and making it more realistic.
Many consumer devices are equipped with this technology. This technology
is gaining prominence due to the increase in competition among vendors
catering to the hand-held device market.

According to Mahitha Mallishetty, a lead analyst at Technavio for
plastics, polymers, and elastomers research, “The global
smartphone market is expected to grow at a CAGR of about 8% during the
forecast period, with China and India being the largest markets for
smartphones during the forecast period. This increase in the demand for
touchscreen smartphones will provide considerable prospects for the
growth of the global EAP market.”

Cost-effective and lightweight polymers

Using polymers in applications such as robotics is more cost-effective
than metals and semiconductor materials. The global problem of
increasing healthcare costs can be solved using EAP in biomimetics and
biomedicine.

“EAP polymers can be fabricated to resemble human muscles and mimic
their movements. Therefore, they can be used for developing
bioprosthetics for individuals with physical deformities,” says
Mahitha.

EAP are lightweight, which is one of the most important properties
aiding market growth. Their striction capability is more than two orders
the magnitude of electroactive ceramics (EAC). While electric motors are
weak, hydraulics and pneumatics are heavy for use in robotics
or prosthetics. EAP are not only quiet but also capable of energy
densities like biological muscles apart from being lightweight and
cost-effective.

Shift from EAC to EAP

EAP have both low density as well as high toughness, inherent vibration
damping, and large actuation strain constant. These unique properties of
EAP have made the polymer attractive for use in biomimetic applications
such as making biologically inspired intelligent robots. These polymers
are emerging as a new actuation material with displacement capabilities
that cannot be matched by the striction-limited and rigid ceramics. They
can form any shape and be used for building sensors and actuators.
Therefore, the improved properties of EAP over EAC is driving the growth
of the market.

Browse Related Reports:

Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like glass
and ceramics, industrial
gases, and olefins.
This subscription nets you thousands in savings, while staying connected
to Technavio’s constant transforming research library, helping you make
informed business decisions more efficiently.

About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com