Global Thermally Conductive Plastics Market: Snapshot

Plastics are the most widely used materials in the world. These offer better weight to strength ratio when compared to traditional materials such as metals, wood, ceramics and glass. Rapid development in the plastic industry have made plastics capable of withstanding high pressure, and temperature situations, which makes it a material of choice for a variety of industrial applications. In recent times, various factors such as increase in demand for better thermal management in the electrical and electronics appliances, demand for lightweight vehicles etc. has led to the development of thermally conductive plastics

The thermally conductive plastics market is expected to grow in the forecasted period due to increasing demand from end use industries such as electrical and electronics, automotive, industrial, healthcare and aerospace industries. The vast rise in production and uptake of vehicles is anticipated to drive the demand for thermally conductive plastics products in the automotive industry. Typical applications of BN-based thermally conductive plastics include heat sinks for LEDs and other heat sources, electronic device housings, heat exchangers, battery housings and temperature sensors and cooling systems. As devices become smaller and gain more functionality, demand for these applications is growing. Replacing aluminum and other metals with TCP’s will provide the advantages of the light weight as well as design and color freedom. As costs come down, TCP’s will also become more viable in the coming days.

According to the report, the thermally conductive plastics market is expected to expand at an impressive CAGR of 13.8 % from 2017 to 2025.

thermally conductive plastics market

Electrical and Electronics Industry to Remain Key Consumer of Thermally Conductive Plastics

In terms of type, the thermally conductive plastics can be classified into Polyamide (PA), Polybutylene terephthalate (PBT), Polycarbonate (PC), Polyetherimide (PEI), Polyphenylene Sulfide (PPS), and others (PEEK, PEKK). Of these, the segment of polybutylene terephthalate (PBT) accounted for the dominant market share in the global thermally conductive plastics and is likely to see high demand over the forecast period as well. The overall demand for polycarbonate and polyetherimide is also propelling owing to demand from electrical and electronics and automotive industries.

In terms of the application, the thermally conductive plastics market is segmented into electrical and electronics, automotive, industrial, healthcare, aerospace and others. The electrical and electronics segment accounted for the highest share of the market in 2016 in terms of volume while industrial segment is anticipated to exhibit the fastest growth during the forecast period.

Asia Pacific to Remain Dominant Force in Global Market

Geographically, the thermally conductive plastics market has been examined in the report for regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In terms of volume, Asia pacific dominates the market for thermally conductive plastics followed by Europe and North America. Factors such as the increasing demand for smart electronics and personal vehicles in the region is projected to raise the demand for thermally conductive plastics. The well-established electronics manufacturing sector and a steadily expanding automotive manufacturing industry are also expected to work well for the regional market.

North America holds significant share in the thermally conductive plastics market due to the strong presence of thermally conductive plastics plastic manufacturers in the region. Similarly, Europe, and Latin America are also developing regions and expected to witness remarkable growth during the forecast period.

Key players operating in the global thermally conductive plastics market include Celanese Corporation, Koninklijke DSM N.V. (Royal DSM), Poly One Corporation, Kaneka Corporation, Toray Industries Inc., SABIC Group, Exxon Mobil Corporation, E.I.du Pont de Nemours and Company,  Arkema Group ,  Compagnie de Saint-Gobain SA etc.

Global Thermally Conductive Plastics Market: Overview

This report analyzes and forecasts the market for thermally conductive plastics at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Tons) from 2017 to 2025. The study includes drivers and restraints of the global thermally conductive plastics market. It also covers the impact of these drivers and restraints on demand for thermally conductive plastics during the forecast period. The report also highlights opportunities in the thermally conductive plastics market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global thermally conductive plastics market. Porter’s Five Forces model for the thermally conductive plastics market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

Global Thermally Conductive Plastics Market: Scope of the Report

The study provides a decisive view of the global thermally conductive plastics market by segmenting it in terms of type and applications. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for thermally conductive plastics in North America, Europe, Asia Pacific Middle East & Africa and Latin America. The report also covers demand for individual type, and applications in all the regions.

The study includes profiles of major companies operating in the global thermally conductive plastics market. Key players in the thermally conductive plastics market include Celanese Corporation, Koninklijke DSM N.V. (Royal DSM), Poly One Corporation, Kaneka Corporation, Toray Industries Inc., SABIC Group, Exxon Mobil Corporation, E.I.du Pont de Nemours and Company, Arkema Group, Compagnie de Saint-Gobain SA etc. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, and recent developments.

The report provides the estimated market size of thermally conductive plastics for 2016 and forecast for the next eight years. The global market size of thermally conductive plastics has been provided in terms of revenue and volume. Market numbers have been estimated based on type, form and applications segments of thermally conductive plastics market. Market size and forecast for each major type, and applications have been provided in terms of global and regional markets.

Global Thermally Conductive Plastics Market: Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, webcasts specific to companies operating in the market, American Chemical Society, International Council of Chemical Associations, 4m Associations, and European Union. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, type, and applications across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report segments the global thermally conductive plastics market as follows

Global Thermally Conductive Plastics Market: By Type

  • Polyamide (PA)
  • Polybutylene terephthalate (PBT)
  • Polycarbonate (PC)
  • Polyetherimide (PEI)
  • Polyphenylene sulfide (PPS)
  • Others (PEEK, PEKK)?

Global Thermally Conductive Plastics Market: By Application

  • Electrical & electronics
  • Automotive
  • Industrial
  • Healthcare
  • Aerospace
  • Others

Global Thermally Conductive Plastics Market: By Region/Country/Sub-region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA 
  • Latin America 
    • Brazil
    • Mexico
    • Rest of Latin America