Dublin, Aug. 19, 2022 (GLOBE NEWSWIRE) -- The "Thermally Conductive Plastics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Thermally Conductive Plastics Market to Reach $283.7 Million by 2026
Amid the COVID-19 crisis, the global market for Thermally Conductive Plastics estimated at US$183.4 Million in the year 2022, is projected to reach a revised size of US$283.7 Million by 2026, growing at a CAGR of 10% over the analysis period.
In the electronics industry, the small footprint which requires precise molding and the quest for making products lightweight is driving the market growth. In addition, technological advancements are enabling the reduction of usage of expensive fillers such as boron nitride and even substitution with low cost materials such as nylon 6 and nylon 6,6.
Electrical & electronics, automotive, and lighting industry are the major end-use consumers for thermally conductive plastics. LED lights are among the largest applications for thermally conductive plastics. Another factor to have fueled growth is the rapid customization and commercialization of the plastics by manufacturers. Polyamide, one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$81.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polybutylene Terephthalate (PBT) segment is readjusted to a revised 10.6% CAGR for the next 7-year period.
Polyamides (PAs) are an important class of high-performance engineering thermoplastics with a variety of applications. The rising demand for plastics is encouraging specialty chemicals players to offer thermally conductive polyamide compounds with high strain capability and superior impact resistance.
Polybutylene Terephthalate (PBT) is a high-performance thermoplastic with an excellent combination of wear and moisture resistance with strength and toughness. Its application in food processing components is largely due to its low moisture absorption and its resistance to staining. New generation of PBT compounds with higher hydrolysis resistance are integral to hot and humid environments found in automobiles. The U.S. Market is Estimated at $59.2 Million in 2022, While China is Forecast to Reach $41.1 Million by 2026
The Thermally Conductive Plastics market in the U.S. is estimated at US$59.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$41.1 Million by the year 2026 trailing a CAGR of 12.5% over the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.
Rapid growth in the main end-use industries of electrical and electronics, healthcare, aerospace and automotive industries, in the US and Europe created significant growth opportunities for suppliers of thermally conductive plastics in these major markets. Polycarbonate (PC) Segment to Reach $51.9 Million by 2026
Polycarbonate is a major type of thermally conductive plastics and expected to witness significant growth owing to applications in growing markets such as automotive and electrical & electronics industries. Thermally conductive polycarbonates are likely to experience notable uptake in a comprehensive range of passive thermal management applications such as LED lamps and luminaries.
In the global Polycarbonate (PC) segment, USA, Canada, Japan, China and Europe will drive the 11% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$23.1 Million will reach a projected size of US$48.1 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5 Million by the year 2026, while Latin America will expand at a 12% CAGR through the analysis period.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the digital archives
Complimentary updates for one year
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
A Prelude to Thermally Conductive Plastics
Thermal Conductivity of Metals Vs. Plastics
Global Thermally Conductive Plastics Market Set to Recover Post COVID-19
Polyamide and Polybutylene Terephthalate (PBT) - The Largest Type of Thermally Conducting Plastics
Ease of Customization and Design Flexibility - A Major Factor Driving Increased Usage of Thermally Conductive Plastics
Key Polymer Offerings of Select Companies
2. FOCUS ON SELECT PLAYERSSelect Competitors (Total 46 Featured)
HELLA GmbH & Co. KGaA
Kenner Material & System Co. Ltd
Lehmann & Voss & Co
Lotte Advanced Materials Co., Ltd
Saudi Basic Industries Corporation (SABIC)
Thermally Conductive Polyamides Help Thermal Management Attain New Levels
Thermally Conductive Polycarbonate Grades Well Suited for Passive Heat Management Applications
Miniaturization Trend Spurs Demand for Thermally Conductive Plastics
LED Lighting Makes Transition to Thermally Conductive Solutions
Thermally Conductive Plastics for Heat Management in LED Lamps
Smart Cities Drive Installation of Smart & Connected Lighting Systems
Growing Number of Smart Homes Create Significant Demand
Smart Intelligent LED Lighting Catalyze Growth Prospects
Thermally Conductive Polycarbonate Offers Compelling Material Option to Dissipate Heat Generated by LEDs
Advanced Thermally Conductive Polymers with Effective Heat Dissipation
Ultra-Thin Plastic Films Expand Application Scope of Polymers from Insulators to Heat Dissipators
Electrical & Electronics: The Largest Market for Thermally Conductive Plastics
Development of Smart Electronics Bodes Well for the Thermally Conductive Plastics Market
Smartphones & Tablet PCs Boost Prospects
Automotive Industry: Another Major Market for Thermally Conductive Plastics
A Current & Post Pandemic Outlook for Thermally Conductive Plastics in Automotive Applications
Reduction in Automotive Demand in 2020 (In Million Vehicles)
Evolving Car Electronics to Drive Long Term Gains
Popularity of Electric Vehicles to Power Growth
Increasing Demand for Thermally Conductive Plastics in Electric and Hybrid Vehicle Battery Housings
With the Aviation Industry on the Brink of Annihilation, Aircraft Assembly Lines Will Take a Longer Time to Recover
Novel Opportunities in Healthcare Sector
Uptrend in Healthcare Spending Bodes Well
Demand Patterns in Industrial Sector
Select Advancements and Innovations in the Recent Years
MIT Research Team Develops Ultra-thin, Thermally Conductive Polymer Film
Polymer Composites with Superior Thermal Properties for Soft Robotics & Electronic Devices
Thermally Conductive Polyimide Film with Outstanding Electrical Insulation & Flexibility
4. GLOBAL MARKET PERSPECTIVE III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/mspvdo
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