Global PEDOT Market was valued at US$ 4.09 Mn in 2022 andis expected to reach US$ 7.81 Mn by 2030, exhibiting a CAGR of 8.42% over the forecast period (2023-2030).
According to Global PEDOT Market Report, By Polymer Type (Clevios P, Clevios S, and Clevios PH), By Application (Antistatic Packaging Trays, Antistatic Coating, Flexible Displays/OTFT Backplanes, Electrochromic Displays, and Touch Panels), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) as published by Coherent Market Insights.
The market is expected to witness growth, owing to the ability of the PEDOT to replace indium tin oxide (ITO)-based designs. There is increasing demand for PEDOT for designing capacitive switch designs. Capacitive sensing technologies have application in various industries such as consumer electronics, automotive, and in industrial applications. PEDOT is capable of improving sensing technology, and it also enhances the robustness of the surface and circuit along with capacitive sensing signal integrity. However, the company that manufacture PEDOT has to face high cost of manufacturing along with cost of acquiring raw materials such as 3,4-ethylenedioxythiophene and styrene sulfonate. Furthermore, the stability of the production process of such polymers is very low that results in capacitance drop of numerous charge-discharge cycles. This is expected to restrain demand for PEDOT within the industrial applications.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/pedot-market-3052
Browse 50 market data tables* and 40 figures* on "Global PEDOT Market”- Global forecast to 2027.
Key Trends and Analysis of the Global PEDOT Market:
PEDOT offers various advantages over conventional conductive polymers, and this leads to increasing adoption of PEDOT. Key market players are focusing on strategies such as acquisitions, in order to enhance their market share. For instance, in 2016, Suzhou Yacoo Science Co., Ltd. acquired Shandong Andot New Material Technology Co., Ltd., a manufacturer of conductive polymers and chemicals. This acquisition helped Suzhou Yacoo Science Co., Ltd. to expand its product portfolio in Asia Pacific.
Key Takeaways of the Market:
- Among application, the antistatic packaging segment is expected to witness significant market growth over the forecast period. Antistatic packaging is composed up of PEDOT polymers that provide an effective shield to electronic devices against electromagnetic disturbances, and this can affect overall performance and shelf life of electronic devices.
- Moreover, PEDOT has applications in various electronic devices. However, it is still expected to face challenges within its applications for the healthcare industry, owing to its lower biocompatibility. Therefore, researchers are focusing on developing biocompatible PEDOT material.
- For instance, according to the research article titled ‘Poly(3,4-ethylenedioxythiophene) (PEDOT) Derivatives: Innovative Conductive Polymers for Bioelectronics’ published in the Journal of Polymers, in 2017, synthesis of PEDOT along with biopolymers such as PEDOT:DNA, PEDOT: heparin, and PEDOT: pectin among others, offers better biocompatibility, and therefore, offers growth opportunities for biosensor manufacturers.
- Despite lower market share, Latin America is expected to witness significant growth over the forecast period, owing to increasing demand from various end-use industries such as healthcare, solar energy, automotive, and electronics among others. This growth can is due to the properties of PEDOT polymer such as stability and conductivity.
- Key players are adopting inorganic business strategies such as product launches with the objective of strengthening their foothold in the global market. For instance, in November 2017, Heraeus Holding, launched Clevios HYE, a new conductive polymer, that is used for manufacturing of flexible and foldable displays of smartphones and printed capacitive touch sensors. It is an improved hybrid product that is made of silver nanowires and conductive polymer PEDOT:PSS, which reduces sheet resistance on flexible and foldable touchscreens. This product helped Heraeus Holding to expand its consumer base and product portfolio in the global market.
- Major players operating in the global PEDOT market include Heraeus Holding, Ossila Limited, Nanoshel LLC, Nagase ChemteX Corporation, Suzhou Yacoo Science Co., Ltd., Agfa-Gevaert N.V. and Qingdao Topwell Chemical Materials Co., Ltd.
