DUBLIN–(BUSINESS WIRE)–The report “Thermal Conductive Plastics – Global Market Trajectory and Analysis” has been added to ResearchAndMarkets.com’s The offer of

Global Thermal Conductive Plastics Market to Reach $283.7 Million by 2026

Amidst the COVID-19 crisis, the global market for thermally conductive plastics valued at USD 183.4 million in 2022 is projected to reach a revised size of USD 283.7 million by 2026, growing at a CAGR of 10 % during the analysis period.

In the electronics industry, the small footprint that requires precise forming and the quest to make products lightweight is driving market growth. In addition, technological advances are enabling the reduction of the use of expensive fillers such as boron nitride and even replacement with low-cost materials such as nylon 6 and nylon 6,6.

The electrical and electronic, automotive and lighting industries are the main end-use consumers of thermally conductive plastics. LED lights are among the biggest applications for thermally conductive plastics. Another factor that has fueled growth is the rapid customization and commercialization of plastics by manufacturers.

Polyamide, one of the segments analyzed in the report, is projected to register a CAGR of 10.3% and reach USD 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 has been readjusted to a revised CAGR of 10.6% for the next 7-year period.

Polyamides (PA) are an important class of high-performance engineering thermoplastics with a variety of applications. The growing demand for plastics is encouraging specialty chemicals players to offer thermally conductive polyamide compounds with high deformability and superior impact resistance.

Polybutylene terephthalate (PBT) is a high-performance thermoplastic with an excellent combination of wear and moisture resistance with strength and durability. Its application in food processing components is mainly due to its low moisture absorption and its resistance to staining. The new generation of PBT compounds with higher resistance to hydrolysis are integral to the hot and humid environments found in automobiles.

The US market is valued at $59.2 million in 2022, while China is projected to reach $41.1 million by 2026

The thermally conductive plastics market in the US is valued at USD 59.2 million in 2022. China, the world’s second largest economy, is projected to reach a projected market size of USD 41.1 million by 2026, following a CAGR of 12.5% ‚Äč‚Äčover the analysis period.

Among other important geographic markets are Japan and Canada, each projected to grow by 8% and 9.5% respectively during the analysis period. Within Europe, Germany is projected to grow at around 9.3% CAGR.

Rapid growth in the major end-use industries of electrical and electronics, healthcare, aerospace and automotive in the US and Europe created significant growth opportunities for suppliers of thermally conductive plastics in these key markets.

The polycarbonate (PC) segment will reach $51.9 million by 2026

Polycarbonate is a major type of thermally conductive plastic and is expected to witness significant growth due to applications in growing markets such as the automotive and electrical and electronic industries. Thermally conductive polycarbonates are likely to experience significant uptake in a comprehensive range of passive thermal management applications such as LED lamps and luminaires.

In the global Polycarbonate (PC) segment, the US, Canada, Japan, China, and Europe will lead the estimated CAGR of 11% for this segment. These regional markets accounting for a combined market size of $23.1 million will reach a projected size of $48.1 million by the close of the analysis period.

China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia Pacific is projected to reach $5 million by 2026, while Latin America will expand at a CAGR of 12% during the analysis period.

What’s new for 2022?

  • Global competitiveness and major competitors’ market share percentage

  • Market presence across multiple geographies – Strong/Active/Local/Insignificant

  • Interactive shared custom updates online

  • Access to digital archives

  • Free updates for one year

Main topics covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • The impact of Covid-19 and an impending global recession

  • Competitive market presence – strong/active/country/irrelevant for worldwide players in 2022 (E)

  • A prelude to thermally conductive plastics

  • Thermal conductivity of metals vs. plastic

  • The global thermally conductive plastics market is set to recover after COVID-19

  • Polyamide and Polybutylene Terephthalate (PBT) – The largest type of thermally conductive plastic

  • Ease of Customization and Design Flexibility – A Key Factor Driving the Increased Use of Thermally Conductive Plastics

  • The main polymer offers of selected companies

  • Recent market activity

2. FOCUS ON SELECTED PLAYERS Select competitors (total 46 featured)

  • Arkema Group

  • Avient Corporation

  • BASF SE

  • Celanese Corporation

  • Company of Saint-Gobain SA

  • Covestro AG

  • DuPont de Nemours, Inc

  • Ensinger Gmbh

  • Eurostar Engineering Plastics

  • Exxon Mobil Corporation

  • HELLA GmbH & Co. KGaA

  • Imerys SA

  • Kaneka Corporation

  • Kenner Material & System Co. Ltd.

  • Lanxess AG

  • Lehmann & Voss & Co

  • Lotte Advanced Materials Co., Ltd

  • Mitsubishi Engineering-Plastics Corp.

  • Nytex Composite Co., Ltd

  • Ovation Polymers Inc.

  • Royal DSM NV

  • RTP Company

  • Saudi Basic Industries Corporation (SABIC)

  • Themix Plastics, Inc

  • Toray Industries, Inc.

  • Ugent Tech Sdn Bhd.

3. MARKET TRENDS AND RIGHTS

  • Thermally conductive polyamides help thermal management reach new levels

  • Thermally conductive polycarbonate grades suitable for passive heat management applications

  • The miniaturization trend drives demand for thermally conductive plastics

  • LED lighting makes the transition to thermally conductive solutions

  • Thermally conductive plastics for heat management in LED lamps

  • Smart Cities Drive Installation of smart and connected lighting systems

  • The increase in the number of smart homes creates a significant demand

  • Smart LED lighting catalyzes growth prospects

  • Thermally conductive polycarbonate offers compelling material options for dissipating the heat generated by LEDs

  • Advanced thermally conductive polymers with effective heat dissipation

  • Ultra-thin plastic films expand the field of application of polymers from insulators to heat spreaders

  • Electrical and Electronics: The largest market for thermally conductive plastics

  • The development of smart electronics bodes well for the thermally conductive plastics market

  • Smartphones and tablets increase the prospects

  • Automotive industry: Another major market for thermally conductive plastics

  • A current and post-pandemic perspective for thermally conductive plastics in automotive applications

  • Reduction in demand for automobiles in 2020 (in million vehicles)

  • Evolving car electronics to deliver long-term benefits

  • The popularity of electric vehicles for increasing energy

  • Increasing demand for thermally conductive plastics in electric and hybrid vehicle battery housings

  • Prospects in the Aerospace Sector

  • With the aviation industry on the brink of annihilation, aircraft assembly lines will take longer to recover

  • New opportunities in the health care sector

  • The rising trend in health care spending bodes well

  • Demand Patterns in the Industrial Sector

  • Select advancements and innovations in recent years

  • MIT Research Team Develops Ultrathin, Thermally Conductive Polymer Film

  • Polymer composites with superior thermal properties for soft robotics and electronics

  • Thermally conductive polyimide film with exceptional electrical insulation and flexibility

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. ComPeTITIon

For more information about this report, visit https://www.researchandmarkets.com/r/2nfa1m

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