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Unveiling Opportunities: An In-depth Analysis of the Global Conductive Plastic Compounds Market by The Business Research Company - Adell Plastics Inc., BASF SE, Coperion GmbH, DowDuPont
Conductive Plastic Compounds Market
The Business Research Company's Conductive Plastic Compounds Global Market Report 2023 identifies the rise in production of automobiles is the major driver for the conductive plastic compounds market's growth in the forecast period. Automobiles, also referred to as motorcars or cars, are made up of fundamental mechanical components and systems primarily used for transporting people and powered by internal combustion engines that include the fuel supply system, braking system, steering system, cooling system, and exhaust system, among others. For instance, according to the Bayerische Motoren Werke AG (BMW), a Germany-based manufacturer of luxury vehicles and motorcycles, in January 2022, BMW Manufacturing set a new benchmark for production with the manufacture of 433,810 BMW X automobiles in 2021 which is a 20 percent increase over last year's production and it surpasses the previous record of 411,620 units achieved in 2019.
The global conductive plastic compounds market size is expected to grow from $9.75 billion in 2022 to $11.00 billion in 2023 at a compound annual growth rate (CAGR) of 12.89%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global conductive plastic compounds market size is expected to reach $17.06 billion in 2027 at a CAGR of 11.58%.
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Major competitors in the conductive plastic compounds market are Adell Plastics Inc., BASF SE, Coperion GmbH, DowDuPont, Lyondell Basell Industries Holding BV, Mexichem Specialty Compounds Inc., Polyvision, Ravago.
A key trend in the conductive plastic compounds market includes technological innovation. Major companies operating in the market are focused on research and development for technological innovations to offer additional benefits and assist in a better yield. Such product innovations enable companies to gain a competitive edge in the market.
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The conductive plastic compounds market is segmented -
• By Resin Type: Polyethylene, Polypropylene, Polyvinyl Chloride (PVC), Polystyrene, Engineering Plastics, Thermoplastic Elastomers, Bioplastics
• By Filler Type: Carbon Black, Carbon Fibers, Carbon Nanotubes, Metals
• By End-Use Industry: Automotive, Electrical And Electronics, Building And Construction, Packaging, Industrial Machinery, Medical Devices
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the conductive plastic compounds market.
The Business Research Company's "Global Conductive Plastic Compounds Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Conductive Plastic Compounds Market Include:
1. Executive Summary
2. Conductive Plastic Compounds Market Characteristics
3. Conductive Plastic Compounds Market Trends And Strategies
4. Conductive Plastic Compounds Market - Macro Economic Scenario
5. Conductive Plastic Compounds Market Size And Growth
……………
27. Conductive Plastic Compounds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Conductive Plastic Compounds Market
29. Conductive Plastic Compounds Market Future Outlook And Potential Analysis
30. Appendix
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