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Global Thermally Conductive Plastics Market is Projected to Grow at a Highest CAGR by Regional Outlook, Latest Trend, Share, Size, Application and Forecast to 2025
Global Thermally Conductive Plastics Market – Industry Trends and Forecast to 2025
Global Thermally Conductive Plastics Market is expected to reach USD 2,104.42 million by 2025 from USD 655.34 million in 2017, at a CAGR of 15.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The major factors contributing to the growth of the market includes factors such as increased need for heat dissipation in industries such as in LED markets, automobile, cooling &heating systems, consumer electronic housings, increased demand of thermally conductive plastics due to the products longevity, reduced manufacturing cost, reduce component weights, increased demand of advanced and smart electronics.
Market Segmentation:
The global thermally conductive plastic market is segmented on the basis of resin type, industry and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
The global thermally conductive plastics market is segmented based on resin type into five notable segments; polyamide, polycarbonate, polyphelene sulphide, polybutylene terephalate, polyetherimide and others The thermally conductive plastics market is dominated by Polyamide with 46.3% market share in 2018, growing at a CAGR of 15.5% in the forecast period.
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The global thermally conductive plastics market is segmented based on industry into six notable segments; Electrical & Electronics, Automotive, Industrial, Healthcare, Aerospace and Others. In 2018, the Electrical & Electronics conductive plastics segment is expected to dominate the market with 42.1% market share.
Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.
Key Drivers:
Some of the major factors driving the market for global thermally conductive plastic market are as increased need for heat dissipation in industries such as in LED markets, automobile, cooling & heating systems, consumer electronic housings. These factors demand the thermally conductive plastic which boosts the market growth.
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Concerns related to environmental pollution may hinder the growth of the market.
Many companies are increasingly focusing on technological advancement of thermally conductive plastic in order to strengthen their product portfolios in the thermally conductive plastic market.
Key Points:
Covestro AG is going to dominate the global thermally conductive plastic market following with Celanese Corporation, SABIC and BASF SE. Some of the other players are Royal DSM N.V., Polyone corporation, RTP Company, Dowdupont, Ensinger, Kaneka corporation others among others.
The global polyamide market is expected to reach USD 965.57 million by 2025, from USD 303.86 million in 2017, growing at a CAGR of 15.5%.
The electrical & electronics is expected to dominate the thermally conductive plastic market with 41.9% market share, growing at a CAGR 16.0% in the forecast period 2018 to 2025.
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