The global stretchable conductive material market size was valued at USD 434.7 million in 2016 and is expected to reach USD 3.4 billion by 2025, with a CAGR of 25.7%. Stretchable conductive material/devices have gained much popularity in recent years due to the emergence of new technology fields such as stretchable electronics, intelligent robotics and wearable devices. For example, advanced robots are treated with keen sensory skins so that they can interact well with humans and respond properly to the surrounding environment without external control. On the basis of conductor material, the global stretchable conductive material market is segmented into graphene, carbon nanotube, copper, and silver.
To
keep pace with the growing need for new technology, the hunt for new materials
with higher electrical conductivity and good elasticity have emerged. Though,
polymers offer good features for operations and are widely deployed in plastic
electronics their widespread use is limited due to poor mechanical properties.
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On
the other hand, elastomers such as natural rubber, styrene butadiene rubber,
ethylene-diene monomer and polyurethane possess characteristics such as high
and reversible deformation. Conventionally, elastomers have been specifically
used for structural, industrial and household products. Further, two types of
metal structures are widely explored as stretchable conductors.
At
the commercial level, the global stretchable conductive material market thrives
on engineered functional ink formulations for printed electronics. With much
developing and advancement in flexible large-area electronics such as flexible
displays and sensors, the market growth witnesses a trajectory path during the
forecast period. Thus, the market dynamics and driving factors result into a
healthy CAGR growth during the assessment period.
The
key driving factors responsible for the growth of stretchable conductive
material market includes growth in use of stretchable conductors and
developments in design in consumer electronics. Additionally, factors such as
use of materials and assembly techniques and enhancement in operational speed
due to miniature size of electronic products propel the stretchable conductive
material market during the forecast period. However, less lifespan of
stretchable circuits and consumption of time and laborious manufacturing
process are some restraining factors for market growth.
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On
the basis of application, the global stretchable conductive material market is
segmented into wearables, photovaltics, biomedical and cosmetic. Wearables
application segments anticipated to grow at a higher CAGR during the forecast
period owing to growth in demand for wearable device
On
the basis of geographic segmentation, the global stretchable conductive
material market spans North America, Latin America, Europe, Asia-Pacific,
Middle-East and Africa. North America dominates the global market in terms of
market size. APAC regions are likely to grow at a higher CAGR during the
forecast period owing to rise in number of players and high number of
wearables& biomedical applications.
The
key players in the global stretchable conductive material market include 3M
company, DuPont & Co, Applied Nanotech Inc, Indium Corporation, Toyobo Co
Ltd, Lotte Advanced Materials Co Ltd, Textronics Inc, National Insititute of
Advanced Industrial Science and Technology, Vorbeck Materials Corp.
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