Global Thermally Conductive Plastics Market to Grow at a Robust CAGR of Nearly 14% through 2025

A new research report titled “Thermally Conductive Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the study, the global thermally conductive plastic market is likely to grow at a CAGR of nearly 14% during the assessment period.

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The research study is a comprehensive source of information and analysis on the thermally conductive plastics market. The study offers in-depth insights on the key factors that are driving the demand for thermally conductive plastics in end-use industries around the globe. In addition to highlighting the key drivers, the business intelligence study also offers insights on the leading restraints impacting the growth of the market. The study also offers in-depth insights on the opportunities and trends impacting this landscape. An analysis on the competitive landscape prevailing in the marketplace has also been offered for the perusal of the readers.

Highlighting the key drivers in the market, the research study opines that growing preference towards lightweight materials is likely to promote the growth of thermally conductive plastics during the assessment period. End-users across a range of industries are focusing on reducing the weight to performance ratio, and thermally conductive plastics are ideal for a wide range of applications. The growing focus on miniaturization and light body weight is likely to increase the demand for thermally conductive plastics during the assessment period.

The growth of thermally conductive plastics market is likely to be impacted by the broader developments in the automotive industry. The automotive industry in China and India is witness a steady growth, however, consumers in these countries continue to be extremely price sensitive. The burgeoning demand for fuel efficient vehicles has led manufacturers to scour for lightweight materials. Thermally conductive materials have emerged as a feasible option for manufacturers, and it is highly likely that demand will grow at a brisk pace during the assessment period.

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In a bid to offer in-depth insights and analysis on the global thermally conductive plastics market, the research study offers segment-wise analysis and forecast. The market has been segmented on the basis of type, applications, and region. On the basis of type, the key segments include polyamide, polyphenylene sulfide, polybutylene teraohthalate, polyetherimide, and polycarbonate. The key application segments in the market include automotive, aerospace, electrical and electronics, healthcare, and industrial.

In addition to these insights, the study also offers analysis on the basis of region. According to the report, Asia Pacific will continue to be one of the leading markets for thermally conductive plastics during the assessment period. In addition to Asia Pacific, growth is also likely to be steady in Latin America. North America and Europe are also likely to witness steady growth, however, stringency in regulations is likely to create bottlenecks for market players.

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This release was published on openPR.