Global electro-active polymers market at $3.4 billion by 2017

According to a new market research report, "Global Electroactive Polymers Market Trends, Applications and Forecasts (2012 - 2017)" published by MarketsandMarkets, the total market for Electro-active Polymers is expected to reach $3.4 billion by 2017. The common applications where electro-active polymers are used include batteries, actuators, sensors, capacitors, solar cells, EMI & ESD shielding, electrostatic paintable plastics, corrosion-resistant coatings, and organic light emitting diodes. EAPs are also used in the field of robotics in the development of artificial muscles. The EAP market is highly lucrative for polymer and semiconductor manufacturers, though the manufacturers would require high initial investment to shift from silicon to polymers. The conductive plastics segment forms the largest submarket of the overall electro-active polymers market with an expected $2.6 billion by 2017, at a CAGR of 6.1% from 2012 to 2017. The high market size of conductive plastics is due to its extensive use in electrostatic discharge and electromagnetic interference protection. www.marketsandmarkets.com


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