Market Size – USD 174.1 million in 2018, Market Growth - CAGR of 7.8%, Market Trends – Technological advancements in the automotive industry and the evolution of smart electronics.
The Thermally Conductive Plastics (TCPs) Market is forecasted to grow from USD 174.4 Million in 2018 to USD 326.1 Million by 2026, at a CAGR of 7.8%, during the forecast period. Increasing demand for plastics in the manufacture of LED lights, lightweight heat sinks, electric vehicles, medical devices, and lightweight automotive vehicles is driving market growth.
New product developments, expansions, acquisitions and agreements, collaborations and partnerships were the major growth strategies that market players adopted to increase their regional presence and meet the growing demand for TCPs in emerging economies
Top Companies operating in the Market :
Celanese Corporation (US), PolyOne Corp. (US), RTP Company (US), SABIC (Saudi Arabia), Toray Industries (Japan), Royal DSM N.V. (Netherlands), Kaneka Corp. (Japan), and Mitsubishi Engineering Plastics Corp. (Japan) and others.
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Thermally Conductive Plastics Market segmentation by Types:
- Polyamide (PA)
- Polybutylene terephthalate (PBT)
- Polycarbonate (PC)
- Polyetherimide (PEI)
- Liquid Crystal Polymer
- Thermoplastic Polymer
- Polyphenylene sulfide (PPS)
- Others
Thermally Conductive Plastics Market segmentation by Application:
- Lighting Systems
- Battery Modules
- Others
Regional Outlook of Thermally Conductive Plastics Market:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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Key questions addressed in the report:
- What is the market size calculated to be by the end of the forecast period?
- What is the CAGR of the Thermally Conductive Plastics (TCPs) market expected to be by 2026?
- What are the latest developments in the Thermally Conductive Plastics (TCPs) sector?
- What is the outcome of the COVID-19 impact analysis of the Thermally Conductive Plastics (TCPs) global landscape?
- Who are the leading players contributing significantly to the overall market?
- What are the growth opportunities observed in the sector?
- Which regions contribute the most to the overall market?
- What are the prevalent strategic initiatives adopted by leading companies?
- Which factors are expected to restrain market growth in the following years?
- Which key trends are speculated to affect the future growth of the industry?
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