Global PEDOT Market to Surpass US$ 7,219,906.7 by 2027 – Coherent Market Insights
SEATTLE--(BUSINESS WIRE)--Nov 6, 2019--
The global PEDOT (Poly(3,4-ethylenedioxythiophene)) market was valued at US$ 3,519,867.1 in 2018, and is expected to exhibit a CAGR of 8.4% over the forecast period (2019–2027).
Key Trends and Analysis of the PEDOT Market:
Electronic devices require high conductivity and stability, which in turn has resulted in increasing demand for PEDOT (Poly(3,4-ethylenedioxythiophene)). The low bandgap of PEDOT, which is formed by the effect of the electron donor ethylene dioxy group on the energies of the frontier group of the π systems, offers high level of conductivity. Moreover, PEDOT is also used in antistatic packaging and smart windows owing to its stability, which is achieved by electron-donating effect within oxygen bombs and the effective ring geometry. However, growth of the market is expected to be hampered due to high production cost of PEDOT.
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Increasing demand for lightweight materials is expected to drive growth of the PEDOT market. Within the electronics industry, PEDOT has extensive scope in development of advanced technological products such as wearables and flexible electronics displays and semiconductors. The technological products are manufactured using PEDOT polymers for its electrical, optical, and physicomechanical properties.
Key players in the market are focused on adopting strategies such as acquisitions, in order to enhance their product portfolio. For instance, in September 2017, Heraeus Medical Components, a global business unit of Heraeus Holding acquired Biotectix LLC, a manufacturer of conductive polymers. Biotectix LLC offers conductive polymer materials to Heraeus Holding’s medical components unit to enhance performance of sensing and stimulation electrodes used in diagnostic and therapeutic medical devices. This acquisition has helped Heraeus Holding to expand its medical component business unit in the global market.
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Key Market Takeaways:
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SOURCE: Coherent Market Insights
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PUB: 11/06/2019 11:02 AM/DISC: 11/06/2019 11:02 AM