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.
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The key driving factors responsible for the growth of Stretchable
Conductive Material market :
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.
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.
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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