Mergers & Acquisitions is the Key Growth Strategy Adopted by Leading Players in the Global Conducting Polymers Market
The global conducting polymers market is estimated to be USD 4.39 Billion in 2017 and is projected to reach USD 6.77 Billion by 2022, at a CAGR of 9.0% from 2017 to 2022. Advancements in miniaturization of electronic components is the major factor driving the growth of conducting polymers market. The growth in the market is also triggered by the rising demand for smart electronics and ease of design flexibility provided by these polymers. Mergers & acquisitions is the key growth strategy adopted by the leading market players. Besides this strategy, major players also engaged in expansions, contracts & agreements, and new product launches to strengthen their position in the global conducting polymers market.
Key players operating in the global conducting polymers market include SABIC, 3M, PolyOne, Heraeus, Celanese, Henkel, and Solvay.
PolyOne is a key player in the global conducting polymers market. The company offers a comprehensive range of conducting polymers for various end-use industries, such as construction, general industry, telecom, transportation, energy & utilities, and mining. The company engaged in contracts & agreements as a part of its strategic developmental activities. In February 2017, the company collaborated with Akboru Elektric (Turkey), a major supplier of lighting systems for gardens, hot tubs, and pools to replace metal with polymer for heat sink application. This enabled Akboru to improve the logistics and manufacturing efficiency by reducing part weight.
Heraeus is another leading manufacturer in the conducting polymers market. The company adopted mergers & acquisitions as a key growth strategy to expand its business globally. It has been focusing on developing conducting polymers through innovation in products. The company offers a wide range of conducting polymers for construction, telecom, transportation, energy & utilities, mining, and other sectors. In September 2017, Heraeus acquired Biotectix, a leading conducting polymer coating provider. This acquisition will help Heraeus strengthen its conducting polymer business, globally.
Related Reports:
Conducting Polymers Market by Type (Electrically Conducting, Thermally Conducting), Application (ESD/EMI Shielding, Antistatic Packaging, Electrostatic Coating, Capacitor), and Region - Global Forecast to 2022
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