Conjugated Microporous Polymers (CMPs) Market Size (2024 - 2030)

In 2023, the Conjugated Microporous Polymers (CMPs) Market achieved a valuation of USD 209.82 million and is anticipated to attain a market size of USD 373.81 million by the year 2030. The market is poised for a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2024 to 2030.

Industry Overview:

Conjugated microporous polymers (CMPs) represent a unique category of porous materials characterized by an integrated π-conjugated system and persistent inherent porosity. Diverging from conventional conjugated polymers or porous materials, CMPs exhibit both a π-conjugated framework and a substantial number of micropores. These 3D semiconducting polymers are formed by conjugating firm aromatic groups, such as alkynes. The resulting interconnected p-orbitals with delocalized electrons, in compounds featuring alternating single and double or triple bonds, contribute to the material's microporosity, reducing overall energy and enhancing stability. Since their discovery in 2007, CMPs have evolved into a significant subclass of porous materials, boasting diverse architectures and properties derived from numerous synthetic building blocks and network-forming processes. CMPs garner considerable interest due to their commendable performance in various applications, including gas sorption, photoredox catalysis, light-harvesting devices, energy storage, supercapacitors, polymer light-emitting diodes, organic light-emitting diodes (OLEDs), heterogeneous catalysis, chemosensors, and sensing applications. The electropolymerization (EP) method facilitates swift and effective synthesis of CMP films, allowing for simultaneous material synthesis and film processing. The capability to process CMPs with solvents or create thin coatings on electrodes positions CMPs as a compelling avenue for future exploration.

COVID-19 Pandemic Impact on the Conjugated Microporous Polymers (CMPs) Market:

The global trade and economic expansion bore the brunt of the COVID-19 pandemic, impacting major markets such as the United States, China, and Germany. The entire Conjugated Microporous Polymers (CMPs) supply chain witnessed disruptions due to the lockdown of various end-use industry operations, notably in the consumer electronics sector.

MARKET DRIVERS:

Expansion of the Worldwide Semiconductor and Electronics Industry, Along with the Growing Solar Power Sector:

The market gains momentum as a result of the burgeoning global semiconductor and electronics industry, coupled with the expansion of the solar power sector. The development and emergence of organic solar cells and hybrid organic-silicon heterojunction solar cells, utilizing π-conjugated polymers, are considered promising technologies for a sustainable future. Despite significant progress in incorporating conjugated polymers into various solar cell types, the commercial viability and large-scale industrial production of polymeric solar cells face challenges due to stability issues with the polymers. The increased demand for conjugated microporous polymers in organic electronics, particularly in light-emitting devices, contributes to the market's growth, prompting companies to scale up production.

Continued R&D Efforts and Technological Advancements:

Ongoing research and development efforts, coupled with technological advancements, fuel the expansion of the CMPs market. Technological breakthroughs worldwide, particularly in novel conjugated polymer production techniques and applications, are anticipated to drive market growth. Additionally, the market stands to benefit significantly from continuous research into the biomedical applications of conjugated microporous polymers. Robust efforts in research and development aim to create cutting-edge CMPs, facilitating the production of reliable and efficient electronic circuits for the electronic industry.

MARKET RESTRAINTS:

Higher Production Costs as a Hindrance to CMPs Market Expansion:

The application spectrum of CMPs encompasses electric energy storage, light-emitting and harvesting, heterogeneous catalysis, gas storage, and heterogeneous catalysis. Current research predominantly focuses on gas storage and adsorption, aiming to enhance adsorption capacity and selectivity in CMPs through synthetic manipulation of their structure and content. However, the elevated cost associated with many CMP syntheses poses a hindrance to their widespread use in large-scale adsorption applications.

Low Adoption Due to Limited Suppliers and Complex Production Procedures:

Conventional chemically manufactured CMPs exist as solid powders with limited solubility, presenting challenges in processing and device integration. The scarcity of suppliers, coupled with a complex production process, lack of infrastructure, and instability in specific environmental conditions, results in the low adoption of conjugated polymer nanoparticles. The intricate production procedure and limited supplier base contribute to hindrances in practical utilization.

Conjugated Microporous Polymers (CMPs) Market – Application Segmentation

• Gas Adsorption and Separations
• Chemical Adsorption and Encapsulation
• Heterogeneous Catalysis
• Photoredox Catalysis
• Light Emittance
• Sensing
• Energy Storage
• Biological Applications
• Solar Fuels
• Others

In terms of applications, the Conjugated Microporous Polymers (CMPs) Market is categorized into gas adsorption and separations, heterogeneous catalysis, chemical adsorption and encapsulation, light emittance, sensing, photoredox catalysis, biological applications, energy storage, and solar fuels production.

The capacity of CMPs to serve as heterogeneous catalysts is heightened by their ability to functionalize with catalytic sites within the network. The porous structure allows enhanced access for reactants to the catalytic regions, distinguishing them from nonporous counterparts. CMPs are particularly intriguing as photoredox catalysts due to their incorporation of extended, conjugated chromophores.

Addressing the global demand for increased energy, solar fuel generation has garnered substantial research attention as an environmentally friendly approach. CMPs have demonstrated potential in directly electrolyzing water into hydrogen and oxygen under visible light, with ongoing investigations into the precise mechanisms. The prospect of utilizing copper porphyrin-based CMPs for both hydrogen and oxygen evolution to enable total water splitting has been recently explored. Additionally, with suitable photocatalysts, carbon dioxide can be converted into carbon monoxide or methane.

Gaseous adsorption and storage have been focal points in CMP studies, with synthetic control over structure and composition offering strategies to enhance adsorption capacity and selectivity. Common applications include the storage of H2, CH4, and CO2, driven by the interest in utilizing H2 and CH4 as fuels. CMPs also demonstrate relevance in capturing a variety of compounds, including dyes, organic solvents, and other substances.

CMPs' extended π-conjugation characteristics make them suitable for producing luminescent materials. The rigid structure of CMPs, with interlocking, inflexible building blocks, avoids the fluorescent quenching observed in linear polymers. The open sites in CMPs enable increased chemical interactions, leading to enhanced signal sensitivity compared to nonporous conjugated polymers.

In the realm of electrical energy storage, CMPs' prolonged π-conjugation and microporosity prove advantageous in electrodes. Electric double-layer capacitance (EDLC) and pseudocapacitance (PC) methods enable supercapacitors to store charge effectively, driven by reversible charge buildup at the electrode-electrolyte interface.

Biological applications for CMPs are less common compared to other uses. However, CMPs, being typically non-toxic, biocompatible, and entirely organic, present potential in biosensing, drug administration, bioimaging, active singlet oxygen generation, antimicrobial applications, and phototherapy.

Conjugated Microporous Polymers (CMPs) Market - Regional Segmentation

• North America
• Europe
• Asia-Pacific
• Rest of the World

Geographically, the North American Conjugated Microporous Polymers (CMPs) Market is poised to dominate the market share due to the widespread adoption of technologically advanced clinical research tools and substantial R&D investments from both public and private sectors. Europe is anticipated to hold a significant share, driven by a robust presence of pharmaceutical and biotechnology companies, along with increased investments. The Asia Pacific region is expected to witness considerable growth, propelled by rising demand for CMPs in organic electronics and solar cells.

Key Market Players

1. Sigma-Aldrich
2. BASF SE

Recent Developments in the Global Conjugated Microporous Polymers (CMPs) Market

Product Launch (January 2020): KEMET, a leading electronic components producer, introduced the "R41T and R76H series AEC-Q200" of polypropylene film capacitors for the automobile sector.