Global market for electroactive polymers to register CAGR of 8.4% from 2016 to 2021

16-Dec-16

The global market for electroactive polymers reached 447.3 mln lbs in 2015. The market is expected to reach 725.8 mln lbs by 2021 from 484.9 mln lbs in 2016 increasing at a compound annual growth rate (CAGR) of 8.4% from 2016 to 2021, as per BCC Research report.
Conductive plastics currently dominate the market and are expected to grow from 474.2 mln lbs in 2016 to 700.4 mln lbs in 2021 at a CAGR of 8.1% for the period 2016-2021. Inherently conductive polymers (ICPs) over the next five years will grow from 10.7 mln lbs in 2016 to 25.4 mln lbs in 2021 at a CAGR of 18.9% for the period 2016-2021.