Thermally Conductive Plastics Market
The developing automotive and electronics industry globally and other major driving factors is expected to favour the rise in the global thermally conductive plastics market
Reports and Insights has published a new report titled, “Thermally Conductive Plastics Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Thermally Conductive Plastics Market, By Resin Type (Polyamide, Polybutylene terephthalate (PBT), Polycarbonate, Polyphenylene Sulfide (PPS), Polyetherimide, Others (PEEK, PP, ABS)), By End-Use Industry (Electrical & electronics, Automotive, Industrial, Healthcare, Aerospace, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global thermally conductive plastics market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Pure plastics are considered excellent insulators and can thereby not be utilized to meet the modern demands of industry and consumers to balance out the temperature stress or even avoid overheating to make certain process safety, stability, and performance. Except that they are "transformed" into thermal conductors by way of thermally conductive additives or fillers.
Notably, thermal conductivity can be understood as a standard of a material's capability to surpass heat through it. Materials possessing high thermal conductivity can efficiently convey heat and smoothly take up heat from their environment. As a matter of fact, engineering plastics are good thermal insulators. This feature, however beneficial in specific applications, confines the utility of plastics in various heat generating applications (for instance, induces hot spots, elevates device temperature).
Precisely, thermal conductivity in a plastic offers the potential to meet strenuous engineering needs in numerous applications more cost efficiently in comparison to other materials including ceramics, metals, and other plastics. The evolving automotive and electronics industry in past years is majorly expected to boost the growth of the global thermally conductive plastics market over the forecast period.
Other than that, the constant technological advancements and R&D activities are further estimated to offer immense breakthroughs to the growth of the global thermally conductive plastics market in the forthcoming years.
On the other hand, the global market also carries other competent substitute products which may hold back the growth of the global thermally conductive plastics market in the near future. Moreover, rigid regulations and environmental pollution are further expected to refrain the market growth in the coming years.
Reports and Insights Study identifies some of the key participating players in the thermally conductive plastics market globally are Celanese Corporation, Royal DSM N.V., SABIC, PolyOne Corporation, and RTP Company, among others.
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