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.
U.S.
stretchable conductive material market revenue by product, 2014 - 2025 (USD
Million)
Browse full research report on Stretchable
Conductive Material Market: http://www.grandviewresearch.com/industry-analysis/stretchable-conductive-material-market
Further
Key Findings From the Study 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.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-stretchable-conductive-material-market
About
Grand View Research, Inc:
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, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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