The electroactive polymer market is highly profitable for semiconductor and polymer producers, though the manufacturers would require high initial investment to alter from silicon to polymers. There are several forces that effect the electro-active polymers market. Cost is the most considerable factor prompting the electro-active polymers industry growth. The use of polymers in luminescent and robotics applications is cost-effective than the use of semiconductor and metals materials. The usage of electroactive polymers in the field of biomedicine and biomimetics could help address the global problem of rising healthcare costs.

Developments in science and technology, especially in the electronics and semiconductors sector, have led to the advent of smart polymers that are capable of changing shape when stimulated by current. Smartphone is a key example of smart electronics that use components made from electroactive polymers, such as batteries, capacitors, proximity sensors, fingerprint sensors, and touchscreen sensors. Electroactive polymers also find use in smart computers, laptops, and tablets. With the ongoing research and development activities, companies are likely to come up with the use of electroactive polymers in computers for blind people via braille. Electroactive polymers are being used in electronic devices to expand the character limit while using braille and thus help the visually impaired people in communicating. According to a report by The Insight Partners, the global smart electronics market is expected to register a notable CAGR of ~7% during 2020–2027, thus depicting a strong potential for electroactive polymers in smart electronics.

Lubrizol Corporation; Arkema Group; Solvay S.A.; Parker Hannifin Corp; Celanese Corporation; Avient Corporation; Agfa-Gevaert Group; Kenner Material & System Co., Ltd.; 3M; and Premix Group are among the well-established players in the electroactive polymer market.