Thermally conductive plastics can conduct heat to meet the desired thermal requirements as per the end-use applications. The growing technological developments in electrical and electronic devices coupled with changing lifestyle and growing spending capacity of people drive the demand for thermally conductive plastics in the electrical and electronic industry. Furthermore, increasing efforts to reduce the overall weight and improve the performance of vehicles in the automotive and aircraft industry provide further impetus to the growth of the market. The rapid growth of the medical and industrial sectors further contributes to the growth of the market.
The global thermally conductive plastics market is expected to grow at a CAGR of 13.5% during the forecast period 2018–2025.
The Asia Pacific is expected to emerge as the leading region in the global thermally conductive plastics market during the forecast period, 2018—2025. This is mainly ascribed by the rapidly growing electronics industry in the region. Additionally, a growing tendency of people to possess personalized vehicles, increasing disposable income, and rapidly growing urbanization in the region are likely to provide promising applications for thermally conductive plastics in the automotive sector. The increasing number of healthcare facilities and the rapid growth of the industrial sector are expected to add fuel to the growth of the market in the region.
North America is also projected to be on the forefront in the global thermally conductive plastics market after the Asia Pacific during the forecast period owing to the increasing research and development activities being undertaken by various research organizations in the region. Furthermore, the presence of several major manufacturers of thermally conductive plastics with strong manufacturing footprint in the region is likely to boost the growth of the thermally conductive plastics market in this region.
Europe is expected to witness considerable growth in the thermally conductive plastics market during the forecast period owing to the rapidly booming automotive sector, increasing number of industries, growing awareness about health and hygiene, and an exponential growth technological adoption.
Latin America and the Middle East & Africa (LAMEA) may experience gradual growth in the thermally conductive plastics market owing to the relatively slow growth of different end-use industries such as electronics and electrical, medical, and aerospace.
For More Info|Download PDF Brochure: https://www.reportsmonitor.com/request_sample/37491
Some of the key players in the market: Celanese Corporation (U.S.), Polyone Corporation (U.S.), DSM (Netherlands), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Covestro AG (Germany), RTP Company (U.S.), and DowDupont (U.S.) ????
By Resin Type
-Electrical and Electronics