Conductive polymers (CPs) are a new class of electronic materials, which have been widely adopted ever since their discovery. Conductive polymer has many advantages as compared to non-conductive polymer, which is primarily due to its electronic and optic properties. Properties of conductive polymers include dimensional stability, flexibility, chemical resistance, and strength. Conductive polymers are used in artificial muscles, fabrication of electronic device, solar energy conversion, rechargeable batteries, and sensors. Conductive polymers are also used in the production of light emitting diode (LED) based backlight displays of cell phones and television screens as thin conducting layers between two electrodes.

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The photovoltaic industry is a growing market for conductive polymers, as these polymers are an efficient alternative to silicon. The use of conductive polymers for protection of metals against corrosion has gained huge attention during the past few years. The design and development of conductive polymer-based coating systems with commercial viability is expected with the use of nanotechnology and has received substantial attention. Conductive polymer also finds its use in a number of biological and medical applications.

The global conductive polymer market is expected to witness a CAGR of 10.7% during the forecast period to reach $8,462.2 million by 2022. The key drivers supporting the growth of the market include the increasing use of lightweight and high-performance smart materials. Based on product, the polyaniline segment is expected to be the largest segment of the global conductive polymer market during the forecast period, in terms of volume and value. However, the inherent conductive polymer is expected to witness the highest growth, during the forecast period in terms of value.

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The key trends witnessed in the global conductive polymer market include increasing investments in intelligent materials and development of electrochemistry. With the advent of globalization, urbanization and economic change, the demand for intelligent materials is increasing. Intelligent or 'smart' materials are materials whose properties, such as electromagnetic, mechanical, chemical, optical etc., can be altered to attain a certain specification for a particular function. These materials are used in making various products and applications for industries related to automotive, pharmaceutical, technology and consumer goods.

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