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(IT-NEWSWIRE.COM, June 15, 2019 ) The stretchable conductive material market was valued at USD 0.1 million in 2015 and is expected to reach USD 6.5 million by 2022, at a CAGR of 79.10% during the forecast period. The base year considered for this study is 2015, and the forecast period considered is between 2016 and 2022. The stretchable conductor material market is expected to witness high growth owing to the strong R&D in the field. Research is being undertaken for creating fatigue-free, stretchable, and ultra-flexible conductors for the use in various applications. The usage of materials such as graphene, silver, copper, and carbon nanotube, among others have been on rise. The companies and universities have been investing huge amounts into R&D for stretchable materials.
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The increasing use of stretchable conductors in consumer electronics and the advancements in design strategies, assembly techniques, and materials are the major drivers for the stretchable conductor material market. Also, the higher operational speed through the miniaturization of electronic products is another major driver for the stretchable conductor material market.
Stretchable conductor material market for the graphene material is expected to grow at a high rate during the forecast period
The graphene material in the stretchable conductor material market is expected to witness the highest growth during the forecast period. Graphene is used in various applications such as energy, aerospace, automotive, biomedical and life sciences, and sensors. The use of graphene is expected to increase in electronics due to its unique features such as structure, cost, and simple fabrication technique. Graphene is expected to revolutionize the smartphone industry by replacing the materials used currently for the touchscreen technology in the near future.
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Stretchable conductor material market for wearables application is expected to witness high growth during the forecast period
The wearables application is expected to witness high growth in the stretchable conductor material market. With the growing demand for wearable devices, efforts are being made to develop conductive elastomers that would possess electrical conductivity and mechanical stretchability. Wearable devices, such as wrist bands and arm bands, would be used on a large scale in the near future with the help of stretchable conductor materials. Wearable products in the stretchable electronics are expected to gain traction in the market with the advancements of stretchable electronics in the research institutes and adoption by key market players in the industry. This has been the major driver for the growth of the wearables application in the stretchable conductor material market.
North America is expected to lead the stretchable conductor material market during the forecast period
The stretchable conductor material market is expected to advance rapidly in this region owing to the fast adoption of new technology and materials, extensive research and development (R&D), and presence of several electronics companies in this region. The use of stretchable conductor material in various applications, especially wearable electronics, would help drive the growth of the stretchable conductor material market. The end-use applications such as biomedical devices and cosmetic devices would make use of the stretchable conductor material for further advancements.
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The major players in the stretchable conductor material market are DuPont & Co. (U.S.), 3M Company (U.S.), Applied Nanotech Inc. (U.S.), Advanced Nano Products Co., Ltd. (South Korea), Indium Corporation (U.S.), Toyobo Co., Ltd. (Japan), Lotte Advanced Materials Co., Ltd. (South Korea), Textronics, Inc. (U.S.), National Institute of Advanced Industrial Science and Technology (Japan), and Vorbeck Materials Corp. (U.S.).
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