Product Code: SQMIG15E2331
Thermally Conductive Plastics Market size was valued at USD 13.9 billion in 2021 and is poised to grow from USD 15.68 billion in 2022 to USD 41.1 billion by 2030, growing at a CAGR of 12.8% in the forecast period (2023-2030).
The global thermally conductive plastics market has witnessed significant growth in recent years, driven by the increasing demand for lightweight and efficient heat management solutions across various industries. With the continuous miniaturisation of electronic devices and the increasing power densities in electronic components, efficient heat dissipation has become crucial to ensure optimal performance and reliability. Thermally conductive plastics offer advantages such as lightweight, design flexibility, and electrical insulation, making them an attractive choice for heat sinks, LED lighting, automotive electronics, and other electronic applications. Another significant factor driving market growth is the increasing adoption of electric vehicles (EVs) and the growing emphasis on improving their thermal management systems. EVs generate significant amounts of heat, which need to be effectively managed to ensure battery safety, efficient operation, and extended lifespan. Thermally conductive plastics, with their ability to provide effective heat dissipation while reducing weight and improving design flexibility, are being increasingly used in EV battery cooling, power electronics, and other thermal management applications within the automotive industry. Moreover, the demand for thermally conductive plastics is also being propelled by the need for energy-efficient solutions in various sectors such as aerospace, industrial, and consumer goods.
Top-down and bottom-up approaches were used to estimate and validate the size of the global Thermally Conductive Plastics Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Thermally Conductive Plastics Market Segmental Analysis
The global thermally conductive plastics market is segmented in terms of type, application, and region. Based on type, the market can be segmented into Polyamide (PA), Polyphenylene Sulfide (PPS), Polycarbonate (PC), Polyetherimide (PEI) and Others. Based on application, the market is segmented into Electrical and Electronics, Automotive, Industrial, Aerospace and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Thermally Conductive Plastics Market Drivers
Replacement of Traditional Materials
- Thermally conductive plastics are increasingly being adopted as substitutes for traditional materials such as metals and ceramics. Their lightweight nature, cost-effectiveness, and ease of processing make them attractive alternatives. These plastics offer comparable thermal conductivity while providing the added benefits of design flexibility and reduced overall weight in a wide range of applications. This trend promotes their growing utilisation and market demand.
Thermally Conductive Plastics Market Restraints
Material Compatibility and Performance Limitations
- However, the compatibility of thermally conductive plastics with specific chemicals, operating temperatures, and environmental conditions can pose limitations. Some thermally conductive plastics may exhibit performance constraints when exposed to extreme temperature ranges or harsh chemicals. These limitations can affect their overall performance and suitability for certain applications, thereby presenting a restraint in their widespread use.
Market Trends of the Global Thermally Conductive Plastics Key
- Increasing demand for heat dissipation solutions: One significant market trend in the global thermally conductive plastics market is the increasing demand for heat dissipation solutions in various industries. Thermally conductive plastics are gaining traction as an alternative to traditional materials like metals in applications that require effective heat management. Industries such as automotive, electronics, aerospace, and consumer goods are increasingly utilising thermally conductive plastics to address the challenges associated with heat generation and dissipation. The growing demand for high-performance electronic devices, the miniaturisation of components, and the need for efficient thermal management in electric vehicles are driving the adoption of thermally conductive plastics. These advanced materials offer excellent thermal conductivity while also providing lightweight, corrosion resistance, design flexibility, and cost-effectiveness. As a result, the global thermally conductive plastics market is witnessing significant growth as industries seek innovative solutions to enhance heat dissipation in their products and systems.
Table of Contents
- Executive Summary
- Market Overview
- Wheel of Fortune
- Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
- Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
- Market Dynamics & Outlook
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
- Global Thermally Conductive Plastics Market by Type
- Market Overview
- Polyamide (PA)
- Polyphenylene Sulfide (PPS)
- Polycarbonate (PC)
- Polyetherimide (PEI) and Others.
- Global Thermally Conductive Plastics Market by Application
- Market Overview
- Electrical and Electronics
- Automotive
- Industrial
- Aerospace
- and Others.
- Global Thermally Conductive Plastics Market Size by Region
- Market Overview
- North America
- USA
- Canada
- Germany
- Spain
- France
- UK
- Rest of Europe
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
- By Development
- By Company
- By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
- Key Company Profiles
- Celanese Corporation (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Dow Chemical Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Mitsubishi Engineering-Plastics Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Lehmann & Voss & Co. KG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Evonik Industries AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Kaneka Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Toray Industries, Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Asahi Kasei Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Polyplastics Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- SABIC Innovative Plastics Holding BV (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Plasti Concentrates Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments