Conductive Polymer Capacitor Market Poised to Witness High Growth Due to Wide Applications in Various Electronic Devices
The global conductive polymer capacitor market is estimated to be valued at US$ 16.16 Bn in 2024 and is expected to exhibit a CAGR of 11. % over the forecast period 2024 to 2031.
Naufan Cmi
The conductive polymer capacitor market has witnessed significant growth over the past few years owing to their wide applications in various electronic devices. Conductive polymer capacitors offer benefits such as compact size, high capacitance per unit volume, low equivalent series resistance, and excellent frequency response. Their lightweight, robust nature, and flexibility make them ideal for use in miniaturized electronics, including wearables, smartphones, tablets, and implantable medical devices.
The global conductive polymer capacitor market is estimated to be valued at US$ 16.16 Bn in 2024 and is expected to exhibit a CAGR of 11. % over the forecast period 2024 to 2031.
Key Takeaways
Conductive Polymer Capacitor Companies are Panasonic, Murata Manufacturing, Nichicon Corporation, Rubycon Corporation, Kemet Corporation, Elna Co., Ltd., Vishay Intertechnology, United Chemi-Con, Taiyo Yuden Co., Ltd., Eaton Corporation, AVX Corporation, WIMA Capacitors, Cornell Dubilier Electronics, BHC Components, CDE (Cornell Dubilier Electronics), Nippon Chemi-Con, Fujitsu Component Limited, KEMET Electronics Corporation, Sanyo Electric Co., Ltd., and Aihua Group.
The key opportunities in the market include growing demand for miniaturized electronic devices and increasing usage of conductive polymer capacitors in IoT devices and wearable electronics. Technological advancements like development of high-voltage conductive polymer capacitors and multilayer polymer film capacitors are further expected to drive the market growth.
Market Drivers
The increasing demand for miniaturized electronic devices is a key driver for the Conductive Polymer Capacitor Market Share. Smartphones, tablets, and other consumer electronic devices are shrinking in size while housing more powerful and intricate circuitry. This has spurred the need for compact capacitors like conductive polymer capacitors. Growing sales of wearable devices, implantable medical devices, and IoT gadgets are further fueling the demand. Other drivers include increasing use of conductive polymer capacitors as replacement for aluminum electrolytic capacitors in various applications owing to advantages such as long lifetime and wide operating temperature range.
Current Challenges in Conductive Polymer Capacitor Market
The conductive polymer capacitor market is facing few challenges currently which are hampering its growth. The life span of conductive polymer capacitors is relatively low as compared to other capacitors like ceramic and aluminium capacitors. Their capacitance reduces over time with usage and fluctuations in operating conditions. This leads to early failure and requires frequent replacement. Secondly, the manufacturing cost of conductive polymer capacitors is higher than other capacitor types due to expensive production process and materials involved. This makes them less cost competitive. Another challenge is the limited temperature operation range. Conductive polymer capacitors have lower thermal endurance and can fail if operated outside specified temperature limits.
SWOT Analysis
Strength: High energy density and low equivalent series resistance lead to miniaturization and high efficiency. Conductive polymers offer capacitance up to hundreds of Farads per gram.
Weakness: Relatively high self-discharge rate and low voltage rating restricts applications. Limited temperature operation range and low lifespan are other drawbacks.
Opportunity: Growing demand for compact consumer electronics and wearable devices offer huge market potential. Emerging applications in renewable energy storage also present opportunities.
Threats: Stiff competition from cheaper ceramic and aluminium capacitors hampers market growth. Volatility in raw material prices is a concern.
Geographical Regions with Highest Market Concentration
In terms of value, the Asia Pacific region holds the highest share in the conductive polymer capacitor market currently. This is attributed to large manufacturing industry bases and high demand for consumer electronics in countries like China, Japan, South Korea and India. China dominates Asia Pacific conductive polymer capacitor market both in terms of production and consumption.
Fastest Growing Geographical Region
The conductive polymer capacitor market in North America region is projected to grow at the fastest rate during the forecast period from 2024 to 2031. This is due to increasing adoption of conductive polymer capacitors in various applications across industries like automotive, telecommunication, industrial and renewable energy in the US and Canada. Favourable government policies supporting green energy storage adoption will further propel the regional market growth.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
