Stretchable Conductive Material Market To Reach $4.05 Billion By 2030

Stretchable Conductive Material Market Growth & Trends

The global stretchable conductive material market size is expected to reach USD 4.05 billion by 2030, registering a CAGR of 24.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for stretchable conductive material due to the 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 the 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.

The photovoltaics application segment dominated the market in 2023. This dominance can be attributed to the increasing demand for renewable energy sources and the growing emphasis on sustainable energy solutions.

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Stretchable Conductive Material Market Report Highlights

• Graphene products dominated the stretchable conductive material market with a market share of 38.0% in 2023 attributed to graphene’s exceptional properties, including high electrical and thermal conductivity, mechanical strength, and flexibility.

• The photovoltaics application segment dominated the market in 2023. This dominance can be attributed to the increasing demand for renewable energy sources and the growing emphasis on sustainable energy solutions.

• Asia Pacific dominated the global stretchable conductive material market with a revenue share of 40.1% in 2023. This dominance is attributed to the region's robust manufacturing capabilities, increasing demand for wearable electronics, and substantial investments in research and development.

• The Middle East and Africa region is expected to register the fastest CAGR of 25.9% during the forecast period.

 Stretchable Conductive Material Market Segmentation

Grand View Research has segmented global stretchable conductive material market report based on product, application, and region:

Stretchable Conductive Material Product Outlook (Revenue, USD Million, 2018 - 2030)

• Graphene

• Carbon Nanotube

• Silver

• Others

Stretchable Conductive Material Application Outlook (Revenue, USD Million, 2018 - 2030)

• Wearables

• Biomedical

• Photovoltaics

• Others

Stretchable Conductive Material Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Italy

  • Spain

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players of Stretchable Conductive Material Market

• DuPont.

• 3M

• CHASM

• Rajasthan Electric Industries.

• ANP CORPORATION.

• Applied Nanotech, Inc.

• Indium Corporation

• Vorbeck Materials Corp.

• Dycotec Materials Ltd

• Minco