Thermally Conductive Plastics Market by Resin Type (Polyamide, Polycarbonate, Polyphelene Sulphide, Polybutylene, Terephalate, and Others), End-Use Industry (Electrical and Electronics, Automotive, Aerospace, Healthcare, and Others): Global Market Size Estimates and Forecast (2022

Code: BMIRE00026279 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 131.0 billion mark in 2022 and is expected to hit US$ 351.5 billion by 2030, recording a CAGR of more than 13.0% during the forecast period.

Increasing thermally conducive plastics usage in electronics manufacturing to drive market growth.

Increasing thermally conducive plastics’ usage in heat generating and dissipating electronic application is expected to drive the market growth. In addition, cost-effectiveness of thermally conducive elastomers over metal and ceramic materials that are used in producing electronic circuits is likely to support its demand among global electronic industries. In addition, rising demand for the microelectronics for the development of the multi-functional heat dissipative thermally conducive plastic components is expected to accelerate the future growth of the market.  

Within the report, the market is segmented into resin type, end-use industry, and geography. By resin type, the market is further segmented into polyamide, polycarbonate, polyphelene sulphide, polybutylene, terephalate, and others. On the basis of end-use industry, the market is bifurcated into electrical and electronics, automotive, aerospace, healthcare, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Innovation in the thermally conducive plastic polymers to offer futuristic market growth opportunities

Thermally conducive plastics are highly efficient in offering a heat transfer capability to the metals and ceramics. Companies’ focus of developing innovative thermally conducive plastic polymers to enable electronic manufacturers conduct cost-effective metal replacement and part integration processes is likely to offer newer market growth opportunities. Furthermore, increasing usage in as an insulation material in the electronic circuits is expected to fuel the thermally conducive plastic material’s demand during the forecast period of 2022-2030.

 

Increasing usage in various manufacturing industries to drive market growth.

Thermally conducive plastics are extensively used in various manufacturing industries such as electronic and electrical, automotive, aerospace, healthcare, and others. Governmental support in building the electronic manufacturing capabilities in many countries globally is expected to drive the market growth. In addition, rising consumer demand for the smart and IoT technology-based electric vehicles that use thermally conducive plastics as their major material is expected to favor the market growth. Increasing development of the other industries such as healthcare, aerospace, etc. is also expected to support the market growth.

 

Recent strategic developments in thermally conductive plastics market

The thermally conductive plastics market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2022, Celanese Corporation, an American technology and specialty materials company acquired DuPont’ material and mobility business to increase its thermoplastic and elastomers’ brand portfolio. 
  • In October 2019, LANXESS expanded its range of thermally conducing polyamide 6 plastics to strengthen its business. 

The thermally conductive plastics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Mitsubishi Engineering Plastics Corporation, BASF SE, DSM, Dow, KANEKA Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Thermally conducive plastic manufacturer
  • Thermally conducive plastic supplier
  • Thermally conducive plastic distributor and exporter
  • Chemical industry-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of thermally conducive plastics
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Resin Type:
    • Polyamide
    • Polycarbonate
    • Polyphelene Sulphide
    • Polybutylene
    • Terephalate
    • Others  
  • End-Use Industry:
    • Electrical and Electronics
    • Automotive
    • Aerospace
    • Healthcare
    • Others  
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Mitsubishi Engineering Plastics Corporation
  • BASF SE
  • DSM
  • Dow
  • KANEKA Corporation  

Companies profiled

- Mitsubishi Engineering Plastics Corporation

- BASF SE

- DSM

- Dow

- KANEKA Corporation

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