Enjoy complimentary customisation on priority with our Enterprise License!
The stretchable conductive materials market size is projected to increase by USD 11.29 billion, at a CAGR of 43.33% between 2023 and 2028. Market growth hinges on several key factors: rising demand for wearable devices, advancements in printable elastic conductors, and expanding applications of stretchable conductive materials in biomedicine. These elements drive innovation and expansion within the electronics and healthcare expenses sectors. The increasing popularity of wearable devices reflects consumer preferences for portable and connected technologies, driving market adoption across fitness, healthcare monitoring, and consumer electronics segments. Meanwhile, developments in printable elastic conductors enable flexible and stretchable electronics, supporting advancements in wearable technology and beyond. Additionally, the use of stretchable conductive materials in biomedical applications enhances capabilities in healthcare monitoring, prosthetics, and medical diagnostics, promoting personalized and efficient healthcare solutions. These trends underscore opportunities for technological advancements, market diversification, and strategic partnerships to capitalize on growing consumer demand and industry innovation in the global marketplace.
To learn more about this market report, Request Free Sample
The market share growth by the graphene segment will be significant during the forecast period. The graphene-based stretchable conductive materials segment led the global stretchable conductive materials market and is expected to dominate throughout the forecast period.
Get a glance at the market contribution of various segments View the PDF Sample
The graphene segment was valued at USD 309.30 million in 2018. Graphene and graphene-related materials have attracted huge attention from researchers owing to their wide spectrum properties such as high surface area, high electrical mobility and conductivity, excellent mechanical, electrochemical, and piezoelectric properties, and efficacy against microbes. The implications of graphene materials for the development of environmental sensors are expected to have a positive impact on the growth of the global stretchable conductive materials market during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
China, India, and Japan lead the regional market, driven by thriving electronics and cosmetics sectors boosting stretchable conductive material consumption. Stretchable conductive materials find use in photovoltaics, converting solar energy into electricity with reliability and cost-efficiency. APAC's burgeoning photovoltaics market increases the demand for these materials, spurred by rapid industrialization, especially in the automotive, industrial, energy, and consumer electronics sectors. This, along with consistent industrial efforts, population growth, and increased foreign investments in solar power and healthcare, propels the APAC stretchable conductive material market growth.
The market is propelled by advancements in nano materials like carbon nanotubes and applied nanotechnology, enabling the creation of innovative products with fatigue-free conductors. These materials find extensive application in electrical devices, batteries, and artificial muscles, owing to their stretching properties and inherently conductive characteristics. Universities and research institutions play a pivotal role in developing new design strategies and assembly techniques for these materials, enhancing their durability and functionality. Industries, particularly in the utilities sector and renewable power, are increasingly adopting stretchable conductive materials to meet rising electricity demand while minimizing carbon emissions. The market also benefits from advancements in self-healing materials and various fillers that improve performance and longevity. As applications in robots and healthcare devices expand, the demand for stretchable conductive materials continues to grow, driven by their versatility and transformative potential in various sectors.
The increasing demand for wearable devices is one of the factors driving the stretchable conductive materials market growth. Stretchable conductive materials are used mainly in wearable devices. As a result, growth in the wearable devices market will increase the use of stretchable conductive materials. The development of conductive elastomers that exhibit electrical conductivity and mechanical stretchability is a key contributor to the rising demand for wearable devices.
Moreover, the increasing need for healthcare monitoring is anticipated to drive the demand for healthcare applications during the forecast period. A few emerging wearable medical devices include AI-enabled wearable devices, wearable and portable dialysis devices, and wearable sweat sensors that are used to inform athletes about electrolytes and water loss after taking part in strenuous physical activities. Thus, the fast-paced growth rate of the wearable electronics market is expected to boost the demand for stretchable conductive materials during the forecast period.
Increased R&D in wearable technology is one of the key stretchable conductive materials market trends fueling the market growth. The global stretchable conductive materials market is registering significant growth and will post a high growth rate during the forecast period. Technological advances and R&D activities, especially in the wearable devices sector, will increase the use of stretchable conductive materials during the forecast period. For instance, earlier, smartwatches were only compatible with smartphones.
Also, the introduction of smart textile wearables and advances in nanotechnology, plastic electronics, and conducting polymers have led to improvements in wearable technologies. These devices will play a crucial role in the diagnosis and treatment of chronic diseases such as diabetes, arthritis, and osteoporosis. Thus, the growing consumer interest and increased spending on new smart devices will boost the demand for stretchable conductive materials during the forecast period.
High production costs are one of the key factors challenging the stretchable conductive materials market growth. The stretchable conductive materials market is capital-intensive and requires heavy initial investments. The high price of raw materials and technologies required for producing stretchable conductive materials, such as graphene and carbon nanotubes, increases the manufacturing cost.
Moreover, stretchable conductive materials find application in wearable devices, biomedical technologies, and photovoltaic systems. However, the high manufacturing cost hampers their adoption by end-users. Thus, the high production cost poses a serious challenge to the market.
Companies are implementing various market trends and analysis strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market and resulting of market growth analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
CHASM Advanced Materials Inc., DuPont de Nemours Inc., Dycotec Materials Ltd., EPTANOVA S.R.L., Henkel AG and Co. KGaA, Indium Corp., Kinetic Polymers, LayerOne AS, Minco Products Inc., Nagase and Co. Ltd., Nano Magic Inc., OSAKA ORGANIC CHEMICAL INDUSTRY LTD., Panasonic Holdings Corp., Premix Oy, SGL Carbon SE, Shenzhen Brilliance Rubber and Plastic material Co. Ltd., Toyobo Co. Ltd., Versarien plc, and Vorbeck Materials Corp.
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting growth strategies.
Global Market Customer Landscape
Conductive Inks Market: Conductive Inks Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast
Carbon Nanotube Market: Carbon Nanotube Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Germany, France - Size and Forecast
Silver Salt Market: Silver Salt Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, Canada, China, Japan, UK - Size and Forecast
The market is at the forefront of innovation, driven by advancements in applied nanotech and inherently conductive materials like carbon nanotube, silver, and copper. These materials offer exceptional thermal conductivity and chemical stability, making them ideal for applications requiring flexibility, such as printed electronics, biomedical devices, and smart textile wears. Key sectors benefiting from stretchable conductive materials include electronics, where they enable the development of miniaturized and flexible components for televisions, laptops, and touch displays. In the energy sector, these materials contribute to energy harvesting technologies, solar photovoltaic cells, fuel cells, and hydrogen storage, enhancing operational speed and energy efficiency. Moreover, stretchable conductive materials are crucial in chemical sensing and biomedical implants, leveraging their permeation barrier properties and flexible substrates. With ongoing research and development by engineers and scientists, the market continues to expand, driven by the demand for flexible products that outperform traditional rigid boards in various industrial and consumer goods applications
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
183 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 43.33% |
|
Market growth 2024-2028 |
USD 11.29 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
33.39 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 41% |
|
Key countries |
US, China, Japan, Germany, and Italy |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
3M Co., CHASM Advanced Materials Inc., DuPont de Nemours Inc., Dycotec Materials Ltd., EPTANOVA S.R.L., Henkel AG and Co. KGaA, Indium Corp., Kinetic Polymers, LayerOne AS, Minco Products Inc., Nagase and Co. Ltd., Nano Magic Inc., OSAKA ORGANIC CHEMICAL INDUSTRY LTD., Panasonic Holdings Corp., Premix Oy, SGL Carbon SE, Shenzhen Brilliance Rubber and Plastic material Co. Ltd., Toyobo Co. Ltd., Versarien plc, and Vorbeck Materials Corp. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.