Thermally Conductive Plastics Market Size Worth USD 542.9 Million in 2032 | Emergen Research

The global thermally conductive plastics market size was USD 121.0 Million in 2022 and is expected to register a steady revenue CAGR of 16.3% during the forecast period, according to latest analysis by Emergen Research. Increasing use of thermally conductive plastics in the Oil & Gas (O&G) industry is a major factor driving market revenue growth. Thermally conductive polymers are widely utilized in production and everyday life due to their flexibility, lightweight, excellent chemical stability, and low cost., which can replace metals, traditional plastics, and ceramics for heat-sensitive applications. The introduction of silica into cement mixture modifies silica-to-calcium ratio, enhancing the cement's stability while preserving its permeability and physical strength, even when subjected to high temperatures of up to 110°C.

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Some Key Highlights From the Report

• The polyamide segment accounted for largest revenue share in the global thermally conductive plastics market in 2022. This is because thermally conductive plastics based on polyamide offer improved thermal conductivity compared to conventional polyamides, making these well-suited for applications where effective heat dissipation is essential. These materials are inherently lightweight, and when thermally conductive fillers are incorporated, the resulting composite maintains a favorable strength-to-weight ratio.

• The automotive segment is expected to register steadily fast revenue growth rate in the global thermally conductive plastics market during the forecast period due to rapid advancements in Hybrid Electric Vehicles (HEVs) and electric Vehicles (EVs). Rising demand for thermally conductive plastics is attributed to their versatility in designing Three Dimensional (3D) components, reducing weight, and serving as heat sinks for automotive LED lighting systems, thereby replacing traditional mechanical components. In addition, employing computer-aided simulation for component redesign may even surpass the thermal management capabilities of die-cast aluminum. In the context of EV batteries, thermally conductive polycarbonates enable the creation of inventive cooling cell holders.

• The North America accounted for largest revenue share in the global thermally conductive plastics market in 2022. This is owing to increasing strategic initiatives and funding toward product design and development of thermally conductive plastics, emergence of key startup companies, and rapid adoption of thermally conductive plastics applications, especially in the U.S. and Canada. For instance, on 26 July 2022, Dow has collaborated with BSB Nanotechnology Joint Stock Company, the pioneer in crafting high-quality silica derived from rice husk, a sustainable byproduct of rice processing. This rice husk-based material finds application in various sectors within the personal care industry. This partnership serves to expedite Dow's dedication to bio-based products. The latest ingredient, marketed as EcoSmoot Rice Husk Cosmetic Powder by Dow, brings about optical advantages and offers a distinctive sensory experience to consumers in skin care, hair care, and color cosmetics.

Major Players/Manufacturers profiled in the report are:

Celanese Corporation, DSM, SABIC, BASF SE, DuPont, LANXESS, Mitsubishi Engineering-Plastics Corporation, Emercoplastic, TORAY INDUSTRIES, INC., and KANEKA CORPORATION

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Global Thermally Conductive Plastics Market Report - Segmental Analysis:

• Type Outlook (Revenue, USD Million; 2019-2032)
o Polyamide
o Polycarbonate
o Polyphenylene Sulfide (PPS)
o Polyetherimide (PEI)
o Polysulfones
o Others

• End-use Outlook (Revenue, USD Million; 2019-2032)
o Electrical & electronics
o Automotive
o Industrial
o Healthcare
o Aerospace
o Telecommunications
o Others

• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
Key Geographies Profiled in the Report:
• North America(the U.S., Mexico, and Canada)
• Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
• Europe(the U.K., France, Germany, and Rest of Europe)
• Latin America(Brazil and Rest of Latin America)
• Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
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