The conducting polymers market is projected to reach USD 9.6 billion by 2028, at a CAGR of 8.8% from USD 6.3 billion in 2023. The market growth is driven by factors such as the advancements in minituarization of electronic components, which offers various benefits such as lower costs, greater density, and higher speed.
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The key players in this market are Saudi Arabia Basic Industries Corporation( Saudi Arabia), Henkel AG & Co. KGaA (Germany) , 3M (US), Agfa- Gevaert NV (Belgium), Celanese Corporation (US), Covestro AG (Germany),Heraeus Holding GMBH (Germany), Avient Corporation (US), Solvay SA (Belgium), The Lubrizol Corporation (US). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
Saudi Arabia Basic Industries Corporation
Saudi Arabia Basic Industries Corporation (SABIC) is a diversified chemical company. Established in 1976 by a royal decree, Saudi Arabia Basic Industries Corporation is a renowned public company headquartered in Riyadh, Saudi Arabia and is recognized as one of the largest global petrochemicals manufacturers. With a strong market presence, Saudi Arabia Basic Industries Corporation operates through three Strategic Business Units, Petrochemicals, Agri-Nutrients, and Specialties, along with an independent organization dedicated to Metals (Hadeed).
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By focusing on key sectors including construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation, and clean energy, Saudi Arabia Basic Industries Corporation actively identifies and cultivates opportunities to serve its diverse customer base. Saudi Arabia Basic Industries Corporation operates a global network of manufacturing, sales, technology, and innovation facilities across various regions. These operations are overseen by four regional offices: Middle East and Africa, Asia, the Americas, and Europe.
Henkel AG & Co. KGaA
The company was established in 1876 in Düsseldorf, Germany. With a rich history spanning over 145 years, Henkel is at the forefront of reimagining and enhancing daily life. Their diverse portfolio encompasses renowned brands and technologies. The Adhesive Technologies segment of the company holds a top position globally as a producer of adhesives, sealants, and functional coatings. Their innovative solutions drive the transformation of various industries, providing customers with a competitive edge and delivering exceptional experiences to consumers. This segment encompasses renowned brands such as Technomelt and Loctite.
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The Consumer Brands portfolio of the company plays a vital role in the daily routines of countless consumers. They provide a wide range of popular, top-quality products that cater to hair care, styling, coloration, laundry care, fabric softening, and more. The company has established a global footprint, operating in regions across the world including Europe, the Americas, Asia-Pacific, the Middle East, Africa, and Oceania.
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