2014-02-12 15:25:05 - Global Electroactive Polymers Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global EAP market (Electroactive Polymers) is to grow at a CAGR of 7.66 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased use of EAPs in haptic technology which is used in touch screen displays. The Global Electroactive Polymers market has also been witnessing an increase in the number of R and D activities with respect to the development of advanced EAPs. However, the increasing vendor competition leading to reduced prices and profit margins could pose a challenge to the growth of this market.
The Global Electroactive Polymers market is witnessing a rise in R&D activities for the manufacture of new EAPs. A large part of these activities is focused on
development of EAP actuators and sensors for robotics and medical devices. For instance, many firms are making huge investments for the R&D of micro pumps that can work in a similar manner to the human heart. Moreover, biomimetic robots with movements that are analogous to the human body are being developed by researchers. Due to their operational similarity to actual muscles, these robots can be made highly maneuverable and agile. This will help in expanding the use of EAPs in robots in the near future.
One of the major drivers in this market is the increasing use of EAPs in haptic technology for touch screen displays. A lot of R&D is being conducted in the Consumer Electronics industry to develop low-cost, highly responsive EAPs.
One of the major challenges in this market is the increasing competition among manufacturers, especially in the biomedical and consumer electronic applications. The increasing competition has resulted in a decline in prices and profit margins of the manufacturers.
The key vendors dominating this space include 3M Company, Agfa-Gevaert N.V., Bayer MaterialScience LLC, and E. I. duPont de Nemours and Company. The other vendors mentioned in the report are Danfoss Polypower A/S, Eamex Corp., PolyOne Corp., and Sigma Aldrich Co. LLC.
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