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| Global PEDOT Market Size |
PEDOT, or poly(3,4-ethylenedioxythiophene), is a dark blue organic polymer that
is used as a hole transporting material in organic light-emitting diodes and
organic photovoltaic cells due to its excellent conductivity, environmental
stability, and ease of deposition. The increasing demand for organic
electronics and improved transparency and conductivity of touchscreens has
prompted a boost in PEDOT applications. PEDOT is mainly utilized to enhance the
conductivity of electronic devices without significantly impacting their
transparency.
The global
PEDOT Market is estimated to be valued at US$ 4.43 Billion in 2023 and is
expected to exhibit a CAGR of 7.3% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The rising demand for conductive polymers from various end-use industries like
automotive, consumer electronics, industrial machinery, and medical devices is
primarily driving the growth of the PEDOT market. PEDOT finds extensive usage
in applications requiring properties like conductivity, stiffness,
electroactivity, transparency, and environmental stability. Its ability to
retain conductivity even when highly stretched or bent makes it suitable for
applications in flexible displays and medical textiles. Furthermore, ongoing
research to improve the mechanical properties and processability of PEDOT
without hampering its electroactivity is expanding its potential end-use scope
and fueling the market growth.
Segment Analysis
Poly(3,4-ethylenedioxythiophene) Polystyrene Sulfonate (PEDOT: PSS) dominates
the PEDOT market. It is a transparent and conductive polymer that is widely
used in the touch screens and displays of mobile devices as well as plastic
electronics. PEDOT: PSS's hydroscopic nature allows for large-scale,
cost-effective fabrication using printing and coating techniques. Its high
conductivity, flexibility, and optical transparency make it particularly
suitable for these applications.
Key Takeaways
Global
PEDOT Market Size is expected to witness high growth. The global PEDOT
Market is estimated to be valued at US$ 4.43 Billion in 2023 and is expected to
exhibit a CAGR of 7.3% over the
forecast period 2023 to 2030.
Regional
analysis shows that Asia Pacific currently dominates the market and is expected
to remain the fastest growing region over the forecast period. China, Japan,
India, and South Korea are major countries driving the demand in Asia Pacific.
This can be attributed to the presence of a strong electronics industry and rapid
adoption of new technologies in the region.
Key players operating in the PEDOT market are ADM (US), Cargill, Incorporat,
DowDuPont, Roquette Frères, Tereos Starch & Sweeteners, Tate & Lyle,
Ingredion Incorporated, Archer Daniels Midland Company, Tongaat Hulett Starch,
Angoor Banarasiya, DFE Pharma, Bangkok starch Industrial Co., Ltd., Thai Flour
Industry Co., Ltd., SPAC Starch Products (India) Private Limited, Anil
Pharmaceuticals, Fermenta Biotech Limited, Rapunzel Naturkost GmbH, American
Key Food Products, Naturz Organics Pvt. Ltd., Amarillo Starches, AGRANA
Investment Corp and N.P & Company, Inc.
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