by The conductive polymer capacitor market has become a highly effective solution for energy storage applications in recent years due to their superior characteristics like high capacitance, light weight, and ability to operate at high frequencies. Conductive polymer capacitors find widespread usage in semiconductor industries, telecommunication sectors, and consumer electronics verticals owing to their compactness and small dimensions.
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 from 2024 to 2031.
Key Takeaways
Key players operating in the conductive polymer capacitor market 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. Key players are focusing on expanding their product portfolio and global footprint to strengthen their market share.
The growing demand for portable electronics like smartphones, laptops, tablets, and wearables is a major factor driving the conductive polymer capacitor market. The compact size and high energy density of conductive polymer capacitors make them suitable for use in various portable devices. Many electronic manufacturers prefer conductive polymer capacitors over traditional aluminum electrolytic capacitors due to their longer lifespan and reliability.
The market is witnessing increased globalization with the entry of local players in developing economies. Manufacturers are investing in production facilities across Asia Pacific, Europe, and North and South America for increased geographical presence and efficient supply chain management. The growing electronics sector in China and India has accelerated the expansion of global conductive polymer capacitor market players in these regions.
Market Key Trends
The key driver gaining traction in the Conductive Polymer Capacitor Market Demand is the increasing use of solid-state batteries. Conventional lithium-ion batteries use liquid electrolytes that pose safety issues like fire hazards. Meanwhile, solid-state batteries utilizing conductive polymer electrolytes provide enhanced safety. They can be used to develop flexible, lightweight batteries for next-gen wearable devices and electric vehicles. This is expected to drive the demand for conductive polymer materials in battery applications over the forecast period.
Porter’s Analysis
Threat of new entrants: The conductive polymer capacitor market requires high capital investment and presence of established companies makes it difficult for new players to enter the market.
Bargaining power of buyers: Buyers have moderate bargaining power due to presence of many established players and availability of variety of conductive polymer capacitor products.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials and focus of companies on backward integration.
Threat of new substitutes: Threat of substitutes is low as conductive polymer capacitors have advantages over traditional aluminum and tantalum capacitors in terms of volume, lifetime and operating temperature range.
Competitive rivalry: The global conductive polymer capacitor market is highly competitive and fragmented due to presence of many international and domestic players.
Geographical Regions
North America accounts for the largest share of the global conductive polymer capacitor market in terms of value. This is attributed to technological advancements and presence of leading conductive polymer capacitor manufacturers such as KEMET Corporation and AVX Corporation in the region.
Asia Pacific region is projected to grow at the fastest rate during the forecast period. Increasing application of conductive polymer capacitors in automotive, consumer electronics and industrial sectors across emerging economies such as China and India is driving the growth of the market in the region.
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
