The global PEDOT Market is estimated to be valued at US$ 4.43 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
PEDOT (poly (3,4-ethylenedioxythiophene)) is a polymer widely used in the electronics industry. It has good conductive properties and is transparent to visible light. PEDOT films and coatings are used in organic light-emitting diode (OLED) displays, organic photovoltaic cells, organic transistors, organic light emitting transistors (OLETs), organic field effect transistors (OFETs), and electronic-skin applications. The high conductivity and transparency of PEDOT make it suitable for transparent and flexible electronic applications.
Market key trends:
One of the key trends in the PEDOT market is its increasing usage in OLED displays. PEDOT is used as a hole injection/injection layer in OLED displays to improve device efficiency and lifetime. The growing demand for OLED displays from end-use industries such as consumer electronics and automotive is expected to drive the demand for PEDOT over the forecast period. Another major trend is the use of PEDOT in flexible and wearable electronics. Applications such as electronic skins, wearable health monitors, and flexible displays have gained attention in recent years. PEDOT is well-suited for such applications due to its flexibility and stretchability.
- Threat of new entrants: The threat of new entrants is moderate due to the requirement of large capital investment and technical expertise for setting up new facilities.
- Bargaining power of buyers: The bargaining power of buyers is low to moderate as PEDOT has applications across various end-use industries.
- Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials for PEDOT production are available from multiple suppliers globally.
- Threat of new substitutes: The threat of new substitutes is low as PEDOT offers unique properties and applications compared to alternatives.
- Competitive rivalry: High due to presence of several domestic and international players operating in the market.
The Global PEDOT Market Demand is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand from touchscreen applications, displays, and biosensors.
Regionally, Asia Pacific dominated the global PEDOT market in 2023 and is expected to maintain its leading position during the forecast period. This is attributed to growth of Electronics industry and increasing R&D investments for development of new applications in countries such as China and India.
Key players operating in the PEDOT market are Heraeus Holding, Ossila Limited, Nanoshel LLC, Nagase ChemteX Corporation, Suzhou Yacoo Science Co., Ltd., Agfa-Gevaert N.V., and Qingdao Topwell Chemical Materials Co., Ltd. Heraeus Holding is one of the leading players providing wide range of PEDOT grades for various applications
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it