PUBLISHER: Verified Market Research | PRODUCT CODE: 1736834
PUBLISHER: Verified Market Research | PRODUCT CODE: 1736834
Thermally Conductive Plastics Market size was valued at USD 169.45 Million in 2024 and is projected to reach USD 456.24 Million by 2032, growing at a CAGR of 13.18% during the forecasted period 2026 to 2032.
Growth in the electronics and automotive industry in the last few years has increased the demand for Thermally Conductive Plastics Market. In the coming years, the commercialization of these materials will increase its demand, like the use of these plastics in LEDs. The Global Thermally Conductive Plastics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Thermally Conductive Plastics Market Definition
Thermally Conductive Plastics are plastics that have thermal conductivity. Thermal Conductivity is the ability of a material to conduct or transfer heat. Engineering plastics are good thermal insulators and since they are so widely used, imparting thermal conductivity to plastics makes them useful in several appliances. It replaces metals, ceramics, and other plastics because of its cost efficiency as well as the fact that they are flexible and can be used in a variety of forms.
Thermally Conductive Plastics are formulated with crystalline engineering resins due to their high heat resistance and lower melt viscosities. Specialty graphite fibers are the most thermally conductive additives that are used. Thermally Conductive Plastics are widely used in electric and electronic appliances.
Global Thermally Conductive Plastics Market Overview
The Global Thermally Conductive Plastics Market is expected to see remarkable growth in the upcoming years. Thermally Conductive Plastics are good metal replacements since they are lightweight, are inherent corrosion resistors, are flexible for decisions in material choice, and can be manufactured into various complex shapes and geometries. These superior properties are the reason they are in such high demand by end-user industries.
They have a low thermal conductivity which acts as a restraint in the market since in some industries where high-power machinery is used there needs to be high thermal conductivity. Manufacture Thermally Conductive Plastics, there is a complex process that needs requires a top level of expertise. Due to this, it is difficult to produce this as top-quality which is a drawback.
The Global Thermally Conductive Plastics Market is segmented based on Resin Type, End User, And Geography.
Based on Resin Type, the market is segmented into Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate, Polyphenylene Sulphide (PPS), Polyetherimide (PEI), and Others.
Based on End User, the market is segmented into Automotive, Industrial, Electrical and Electronics, Aerospace, and Others.
The "Global Thermally Conductive Plastics Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Arkema Group, SABIC Group, Celanese Corporation, Saint-Gobain, BASF SE, Royal DSM, Kaneka Corporation, PolyOne Corporation, RTP Company, Covestro AG.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.