Market Overview:
PEDOT or poly(3,4-ethylenedioxythiophene) is a conductive polymer. Due to its excellent film-forming ability and high electrical conductivity, PEDOT finds applications as transparent conductors in several electronic devices. It provides advantages such as flexibility, transparency and conductivity. PEDOT is used in applications such as organic solar cells, flexible displays, biosensors and organic light emitting diodes (OLED).

Market key trends:
One of the key trends boosting PEDOT market growth is increasing adoption of transparent conductors in electronic devices. Transparent conductors are essential components in display panels, touchscreens and photovoltaic cells. Traditionally, indium tin oxide (ITO) has dominated the transparent conductor market. However, ITO is brittle and inflexible. On the other hand, PEDOT provides flexibility as well as mechanical robustness along with good conductivity. Hence, major players are focusing on developing PEDOT-based transparent conductors to replace ITO. For instance, Heraeus Holding developed CleviosTM PEDOT surface modification technologies for transparent conductive coatings which find applications in mobile devices, automotive displays and touch panels. Rising penetration of consumer electronics and increasing integration of transparent conductors will propel market growth of PEDOT over the forecast period.

Key Takeaways

The global PEDOT Market Size is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand for conductive polymers in applications such as biosensors, OLEDs and solar cells. Asia Pacific dominates the PEDOT market and is expected to grow at the fastest rate due to the expansion of end use industries in countries such as China and India.

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