Thermally Conductive Plastics Market is growing at a CAGR of 13.2%, Asia Pacific leads the market with 42.23% market share | Major Players:- BASF SE, Dow, Kaneka Corporation, Celanese Corporation.

The Global Thermally Conductive Plastics Market is expected to grow at a CAGR of 13.2% during the forecast period (2024-2031).

Growth is driven by rising demand for lightweight components in electric vehicles, the miniaturization of electronic devices, and advancements in polymer science for superior heat dissipation over traditional metals

DataM Intelligence unveils its latest report on the "Thermally Conductive Plastics Market size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.

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United States: Key Industry Developments (2025)

✅ August 2025: SABIC showcased its BLUEHERO and MEGAMOLDING platforms at K 2025, highlighting thermally conductive thermoplastic solutions for EV battery systems and high‐power electronics that enhance heat management and lightweight design.

✅ July 2025: Celanese introduced new grades of thermally conductive plastics targeting industrial and consumer electronics thermal management, emphasizing improved heat transfer, mechanical strength, and enhanced durability in early trials.

✅ June 2025: Laird Performance Materials developed advanced thermally conductive polymer composites for electronics cooling and industrial applications, focusing on reliability, lightweight design, and improved energy efficiency.

Japan: Key Industry Developments (2025)

✅ September 2025: Toray Industries launched new thermally conductive plastics designed for automotive, electronics, and industrial applications, improving heat dissipation, product reliability, and operational efficiency in early adoption stages.

✅ August 2025: Mitsubishi Chemical expanded its thermally conductive polymer compound portfolio, targeting EV applications and electronic devices with enhanced thermal management and energy‐efficient performance.

✅ July 2025: Teijin introduced high‐performance thermally conductive plastics for industrial and consumer electronics, emphasizing lightweight design, durability, and improved component performance.

✅ June 2025: Sumitomo Chemical developed new thermally conductive polymer composites for automotive and electronic applications, focusing on superior heat dissipation and mechanical strength.

📌 Thermally Conductive Plastics Market 2025-26 M&A Deals

→ In August 2025, SABIC (Saudi Basic Industries Corporation) announced a partnership with a leading electronics manufacturer to co‐develop advanced thermally conductive plastics optimized for efficient thermal management in high‐power components. This collaboration aims to accelerate product innovation and expand SABIC's presence in high‐performance thermal materials applications.

→ In January 2025, Celanese Corporation launched a new line of thermally conductive polyamides tailored for electric vehicle and consumer electronics applications, enhancing its materials portfolio. This development reflects strategic market positioning rather than a corporate acquisition.

→ On April 10, 2025, Supreme Petrochem Ltd (an Indian polymer compounder) acquired 100% of Xmold Polymers Pvt. Ltd. - a company engaged in engineering polymer compounds - for ₹39.27 crore (~USD 4.8M). While not exclusively branded as a "thermally conductive plastics" deal, Xmold's polymer capabilities support advanced compound development relevant to thermally conductive material applications in automotive and electronics industries.

Why is the Thermally Conductive Plastics market growing?

◾ Miniaturization and higher power densities are increasing thermal loads per unit volume, creating performance challenges for legacy materials.

◾ Thermally conductive plastics offer effective heat dissipation with weight and design advantages over metals and ceramics, making them ideal for housings, heat spreaders and internal components.

◾ Adoption is reinforced by sectors like LED lighting and 5G infrastructure, where efficient thermal control is critical for reliability and long life.

◾ EV powertrains and battery systems generate significant heat that must be managed to ensure battery safety, performance and longevity.

◾ TCPs are increasingly used in battery housings, thermal interface materials, power electronics modules, and LED lighting systems within vehicles.

◾ With global EV sales surging year‐on‐year, adoption of thermally conductive plastics for advanced thermal management is accelerating accordingly.

◾ Automotive OEMs eye weight reduction for improved range and efficiency.

◾ Consumer electronics benefit from lighter, more portable designs.

◾ Industrial and aerospace sectors demand lightweight yet robust materials.

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Thermally Conductive Plastics Major Players:-

BASF SE, Dow, Kaneka Corporation, Celanese Corporation, SABIC, DSM, RTP Company, Ensinger, Toray Industries, Mitsubishi Engineering-Plastics Corporation, Lanxess, HELLA GmbH & Co, Covestro AG and among others.

Key players highlights:-

1. Covestro AG
Covestro AG is often recognized as the largest player with the highest market share in thermally conductive plastics due to its advanced TPU and polycarbonate solutions.
The company's Makrolon TC series provides industry-leading thermal performance for electronics and automotive applications.

2. Celanese Corporation
Celanese is a key global supplier of engineered thermoplastics with CoolPoly and long-fiber reinforced compounds for heat dissipation.
It holds a significant share in the market through broad adoption in electrical, automotive, and industrial sectors.

3. BASF SE
BASF SE ranks among top manufacturers with a broad portfolio of high-performance engineering plastics used in thermal management components.
Its materials are widely used across automotive and electronics industries, contributing notably to its market positioning.

4. SABIC
SABIC is a major competitor offering thermally conductive resins (e.g., KONDUIT) used for LED, automotive, and electronic thermal solutions.
The firm's presence in Middle East and global polymers supply chain supports its strong market share footprint.

5. DSM
DSM provides a range of thermally conductive plastics (Stanyl, Xytron, Akulon) tailored to high-performance applications.
The company holds a significant position through its engineered polymer technologies for electronics and automotive thermal management.

Thermally Conductive Plastics Regional Highlights

Asia‐Pacific
• Asia‐Pacific holds the largest global share (42.23%) of the thermally conductive plastics market, driven by strong electronics and automotive manufacturing in China, Japan, South Korea, and India.
• Rapid industrialization and expansion of EVs and smart electronics have boosted demand for advanced thermal management materials.
• Investments in new technologies and polymer innovations are increasing to support growth and production capacities.

North America
• North America accounts for a significant share (36.45%) of the global market, led by the U.S. electronics and automotive sectors.
• The region benefits from strong R&D, established manufacturing facilities, and regulatory support for energy‐efficient materials.
• Growth is supported by rising demand for thermal management in EVs, 5G infrastructure, and high‐performance electronics.

Europe
• Europe holds around 24.8% share of the global thermally conductive plastics market.
• Growth is driven by stringent energy‐efficiency and sustainability regulations alongside strong automotive and electronics industries.
• Manufacturers focus on sustainable polymer composites and coatings to meet environmental and performance requirements.

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Thermally Conductive Plastics segmentation :

The Global Thermally Conductive Plastics Market is segmented based on resin type, end-user, and region. By resin type, the market includes Polyamide (PA), Polycarbonate (PC), Polyphenylene Sulphide (PPS), Polybutylene Terephthalate (PBT), Polyetherimide (PEI), and other resins. Among these, Polyamide and PPS are widely preferred due to their excellent thermal stability and electrical insulation properties, while PC and PBT are gaining popularity for lightweight and high-performance applications.

By end-user, the market serves Automotive, Electrical & Electronics, Healthcare, Aerospace, Industrial, and other sectors. The automotive industry drives demand for thermally conductive plastics in EVs and engine components. The electronics sector uses them for heat dissipation in devices like smartphones and LED lighting. Healthcare and aerospace sectors also adopt these plastics for specialized, high-performance applications.

Regionally, the market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific dominates due to rapid industrialization and growing electronics and automotive industries. North America and Europe show steady growth driven by innovation and adoption of electric vehicles. South America and Middle East & Africa are emerging markets with increasing industrial applications, presenting growth opportunities.

FAQ'S

1. What is the Projected CAGR value of the Thermally Conductive Plastics Market?
The Global Thermally Conductive Plastics Market is expected to grow at a CAGR of 13.2% during the forecast period (2024-2031).

2. Which region controlled the global market during 2024-2031?
Asia Pacific region Controls the Thermally Conductive Plastics Market during 2024-2031.

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