The global stretchable conductive material market is
expected to reach USD 3.4 billion by 2025 at a CAGR of 25.7%, according to a
new report by Grand View Research, Inc. The rising demand for stretchable
conductive material due to rise in the use of renewable solar energy and
biomedical is expected to propel industry expansion over the forecast period.
Rising concerns regarding the release of
toxic effluents into the environment are expected to result in increased
installations of solar power grid in the renewable sector. In addition,
stringent environmental regulations on carbon emissions from the power grids
are expected to stimulate the demand for highly effective photovoltaics in the
solar power cells.
Increasing solar power grid installations
by various key players including UniEnergy Technologies; RedT; Red Flow; and
Primus Power as a result of rising demand for photovoltaics in the renewable
power grid industries are expected to promote the market growth over the
forecast period. Upgrade of technology coupled with cost reduction and volume
maximization is expected to drive the product demand over the forecast period.
In terms of volume, photovoltaics accounted
for 32.48% of the overall share in 2016 and is expected to witness substantial
growth owing to increasing urban population and government support to promote
infrastructure development in countries such as the U.S., China, India,
Singapore, and Thailand.
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http://www.grandviewresearch.com/industry-analysis/stretchable-conductive-material-market
Further key findings from the report suggest:
· Photovoltaics is expected to witness
significant growth, registering a CAGR of 26.4% from 2017 to 2025, as a result
of increasing adoption in the solar power cell industry. The increased adoption
of these materials in the solar cells is anticipated to fuel the demand.
· Asia Pacific was the dominant market and
accounted for 32.83% of the global stretchable conductive material in 2016. The
new establishing of various solar power grid, especially in U.S., China and Japan
is expected to fuel photovoltaics demand in the forecast years.
· Key participants dominating the stretchable
conductive material industry include Dupont and Co., 3M, Chasm Technologies,
U.S. Research Nanomaterials, Rajasthan Electric Industries, Advanced Nano
Products, Applied Nanotech, Indium Corporation, Vorbeck Materials, Textronics,
Minco, Dycotec Materials.
· Stretchable conductive material players are
adopting numerous strategies, such as new product developments, and research,
to strengthen their foothold in international markets and increase market
penetration.
Grand View Research has segmented the
global stretchable conductive material market on the basis of product,
application, and region:
Stretchable Conductive Material Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Graphene
·
Carbon Nanotube
·
Silver
·
Copper
Stretchable Conductive Material Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Wearables
·
Biomedicals
·
Photovoltaics
·
Cosmetics
Stretchable Conductive Material Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
