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The Global Stretchable Conductive Materials Market size is estimated to grow at a CAGR of 31.4% between 2022 and 2027 with the market size forecast to increase by USD 5,010.63 million.
This stretchable conductive materials market report extensively covers market segmentation by Product (graphene, carbon nanotubes, silver, and copper), Application (photovoltaics, biomedicals, wearables, and cosmetics), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
The growth of the market depends on several factors, including the increasing Demand for wearable devices, the development of printable elastic conductors, and the increasing use of stretchable conductive materials in biomedical applications.
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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.
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The graphene segment was valued at USD 270.84 million in 2017 and continued to grow until 2021. 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.
Based on application, the photovoltaics segment dominates the market. Elastic conductive substances are currently under investigation for their potential uses in adaptable and pliable solar power technology. Materials on a nanoscale, such as carbon nanotubes (CNTs), graphene, and metal nanowires, have demonstrated promise for flexible solar applications. These substances exhibit exceptional electrical conductivity and mechanical attributes, rendering them capable of enduring stretching. They can be incorporated within pliable bases or employed as electrodes within flexible solar cells, permitting a certain degree of extensibility. By integrating stretchable conductive components into solar cells, manufacturers aim to create solar panels capable of adjusting to diverse shapes and distortions while retaining their functionality. Consequently, the growing adoption of solar cells is projected to drive the demand for stretchable conductive materials, subsequently propelling the expansion of the global market in the predicted timeframe.
APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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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 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 demand surge is evident in smartwatches, smart bands, wireless headphones, and smart rings, a response to increasing digitization in emerging APAC economies. As internet access and disposable income rise, wearable electronics for applications like heart monitoring and contactless payments gain traction, boosting the demand for stretchable conductive materials in the region.
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 strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ooc.co.jp- The company offers stretchable conductive materials such as FCR series.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
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.
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 research 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Stretchable Conductive Materials Market Customer Landscape
The year 2020 witnessed the detrimental effects of the COVID-19 pandemic on various countries within the region, including Australia, Japan, and India. The pandemic led to severe consequences. To curb its spread, numerous countries in the region enforced extensive lockdowns in the initial half of 2020, impacting the domain of stretchable conductive materials. However, a significant shift occurred in 2021 as a result of widespread vaccination campaigns across APAC, leading to the relaxation of lockdown measures in many countries. This allowed the revival of commercial and developmental operations in the region. Consequently, industries resumed activities within manufacturing facilities, driving up the demand for phenol in APAC. This collective set of circumstances is projected to stimulate growth in the regional stretchable conductive materials market throughout the anticipated period.
Stretchable Conductive Materials Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 31.4% |
Market growth 2023-2027 |
USD 5,010.63 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
30.2 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 40% |
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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