Conductive Polymer Capacitor Market Will Grow at CAGR of 11.40% By 2032

Published Date : 03 Jan 2024

The global conductive polymer capacitor market size was exhibited at USD 13 billion in 2022 and is anticipated to touch around USD 38.09 billion by 2032, expanding at a CAGR of 11.40% from 2023 to 2032.

Conductive Polymer Capacitor Market Size and Growth Rate From 2023 To 2032

Market Overview

Polymer capacitors are a type of capacitor that employs a conductive polymer, unlike ordinary electrolytic capacitors, which use liquid or gel electrolytes. This solid polymer electrolyte design eliminates the risk of electrolyte drying, as it relies on a stable and reliable material. They utilize highly conductive polymers such as polythiophene, polypyrrole, and polyaniline for efficient charge storage and discharge. Comprising two conductive polymer electrodes separated by a dielectric substance, these capacitors offer benefits such as higher capacitance, lower equivalent series resistance (ESR), and longer operational life compared to traditional counterparts. Their improved performance at high frequencies and low temperatures makes them versatile for electronic applications like Power supplies, computers, cell phones, and automotive electronics.

The market for conductive polymer capacitors is growing due to their numerous advantages. These include high capacitance, efficient ripple current handling, low resistance and impedance, low self-heating, and extended lifespan, contributing to increased reliability. These capacitors are well-suited for applications requiring stable and efficient power delivery. Ongoing technological advancements in design and manufacturing processes have further enhanced the performance and reliability of conductive polymer capacitors.

Manufacturers are investing in research and development to enhance these capacitors' capacitance, resistance, and voltage rating, exploring new applications. The market for conductive polymer capacitors is highly competitive with several major global players. These companies focus on developing new products, forming strategic partnerships, engaging in mergers and acquisitions, and expanding their distribution networks to gain a competitive edge. The market also experiences the entry of new players, intensifying the competition further.

For instance, Panasonic recently launched the OS-CON SVPT series of Conductive polymer aluminum capacitors. This new capacitor can withstand high-temperature conditions of 105 degrees Celsius for 20,000 hours, has an increased service life of over ten years, and is smaller, contributing to space-saving in devices. This product has flourished in the market thanks to its improved sealing performance, a crucial factor for enhanced service, reliability, and reduced maintenance requirements.

Regional Snapshot

Asia Pacific dominates the conductive polymer capacitor market, driven by increased usage in diverse applications and the presence of big electronics manufacturing units in the region. The market is further influenced by strategic business initiatives executed by key players in the Asian Pacific countries. Moreover, the area takes the lead in the conductive polymer capacitor market, driven by the presence of major electronics manufacturers, rapid industrialization, and a substantial market for these capacitors.

Conductive polymer capacitors are considered environmentally friendly compared to conventional electrolytic capacitors. They lack toxic substances such as mercury and hazardous electrolytes, making them highly appealing regarding sustainability and compliance with environmental regulations.

Conductive Polymer Capacitor Market Report Scope

Report Coverage Details
Market Revenue in 2023 USD 14.42 Billion
Projected Forecast Revenue by 2032 USD 38.09 Billion
Growth Rate from 2023 to 2032 CAGR of 11.40%
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Market Dynamics

Drivers

Better properties

The conductive polymer aluminum product type will exhibit the highest growth rate and market share during the forecast period. Notable features drive this growth, including a high voltage range, temperature and frequency characteristics, and capacity range. Additionally, the conductive polymer tantalum product type segment is projected to grow considerably, contributing to the overall expansion of the conductive polymer capacitor industry.

Increasing preference for individual components

The aluminum anode material segment is poised to dominate the market, driven by its increasing popularity in leading countries and developing regions. The tantalum segment is also expected to grow significantly, contributing to the overall market revenue. The growth of the tantalum segment is fueled by the rising adoption of tantalum-based conductive polymer capacitors, which are gaining acceptance in various industrial and household electronics applications, including automobiles, intelligent meters, set-top boxes, etc.

Restraint

High production costs

The high production costs of conductive polymers are anticipated to challenge market growth. However, the growing trend of electric mobility presents an opportunity for the conductive polymer market, given its widespread use in automobile and electric vehicle components like capacitors, batteries, and sensors. The rising demand for electric vehicles, driven by environmental concerns and a shift away from traditional fuel sources, is expected to create favorable prospects for the growth of the conductive polymer market in both developed and developing nations.

Opportunity

Technological advancements

The conductive polymer capacitor industry thrives due to the increased adoption of IT, telecommunications, and electronics. The industry's growth is also fueled by the rising use of electronic systems in industrial settings, presenting lucrative opportunities. The demand for robust and reliable capacitors, especially for IoT-related devices in harsh environments, is boosting the market. Conductive polymer capacitors offer an efficient and cost-effective solution to meet these demands.

Furthermore, The IT and telecommunication industry is embracing conductive polymer capacitors due to their excellent benefits, including high capacitance and compact size. Additionally, the long lifespan of these capacitors contributes to their increased adoption in the IT and telecommunication sectors. These factors collectively drive the growth of the IT and telecommunication segment in the market. Furthermore, the industrial electronics segment is expected to experience significant growth, further expanding market revenue.

Recent Developments

  • In November 2023, KYOCERA AVX introduced safety-certified MLCCs, including the KGK Series (Class X1/Y2) and KGH Series (Class X2), designed for surge protection and effective EMI filtering in AC line applications.
  • In March 2023, Murata Manufacturing expanded its silicon capacitor manufacturing line in Caen, France, catering to applications like telecommunication infrastructure, implantable medical systems, and mobile phones.
  • In March 2023, Panasonic Avionics expanded its software development capabilities in Pune, India, to strengthen its position as the world's leading supplier of in-flight entertainment and connectivity systems, demonstrating its commitment to global growth.
  • On June 29, 2023, Samsung Electronics announced three new Young Leaders joining Generation17, a collaboration with the United Nations Development Program. These Young Leaders will focus on educating people about global challenges and promoting solutions for a more prosperous future by 2030.
  • In December 2023, Rohm expressed interest in collaborating with Toshiba to develop power devices. Rohm aims to broaden its partnership with Toshiba in power semiconductors, extending beyond production to encompass joint development, as stated by Rohm's President and CEO Isao Matsumoto in an interview with Nikkei on Friday.

Key Market Players

  • CDE Cornell Dubilie
  • Tecate Group
  • Panasonic Corporation
  • Nippon Chemi-Con
  • Sun Electronics
  • Samsung Electronics
  • KEMET
  • ROHM
  • Lelon Electronics
  • Vishay

Major Market Segments Covered

By Product Type

  • Conductive Polymer Aluminum Capacitor
    • Solid Capacitor
    • Electrolytic Capacitor
    • Hybrid Aluminum Electrolytic Capacitor
  • Conductive Polymer Tantalum Solid Capacitor
  • Conductive Polymer Niobium Capacitors
    • Solid Capacitor
    • Electrolytic Capacitor

By Type of Anode Material

  • Aluminum
  • Tantalum

By Shape of Capacitor

  • Chip Type
  • Lead Type
  • Large Can Type

By Application

  • Automotive
  • Consumer Electronics
  • Industrial Electronics
  • IT and Telecommunication
  • Aerospace and Defense
  • Power and Energy
  • Healthcare
  • Others

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