Thermally-Conductive Thermoplastics to Grow Substantially
23. March 2016
Dublin-based Research and Markets (U.S. office in NYC) has released its new study, “Thermally Conductive Plastics Market – Global Trends and Forecast to 2020”, which signals significant growth within the next five years. The overall market size for thermally conductive plastics is estimated to grow from $388.5 million in 2015 to $757.4 million by 2020, at a CAGR (compounded annual growth rate) of 14.3%.
The market growth for thermally conductive plastics is driven by the cost-effective and lightweight alternative they present to challenge materials such as ceramics and metals. Other major drivers include ease-of-handling, customization, moldability, higher scratch resistance, thermal stability, impact strength, and resistance to abrasion. The report includes analysis of the market by raw material, such as PPS, PBT, nylon, PC, PEI, and PSU; by end-use industry, such as electrical & electronics (E&E), automotive, industrial, healthcare, and aerospace; and by region, namely, North America, Europe, Asia-Pacific, and RoW. Some key elements identified include:
• The E&E market is the largest end-use industry in terms of volume, followed by automotive, industrial, and healthcare.
• Among all the end-use industries, healthcare is estimated to register the highest CAGR between 2015 and 2020.
• In 2015, North America accounted for the largest market share, in terms of volume, and is estimated to remain the market leader within the next five years.
• The U.S. led the demand for thermally-conductive plastics due to increased demand for LED lighting in the last two-to-three years.
The researchers used both top-down and bottom-up approaches to estimate and validate the size of the global market and to estimate the size of the various other dependent submarkets in the overall thermally conductive plastics market. Moreover, this study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Week, Factiva, The Plastics Industry Trade Associations (PITA), Society of the Plastics Industry (SPI), The British Plastics Federation (BPF) European Plastics Recycling and Recovery Organizations (EPRO), National Insulation Association (NIA), International Plastics Association (IPA), and other government and private websites.
Extensive primary interviews were conducted with the following break-down:
• By Company Type: Tier 1, 37% -- Tier 2, 50% -- Others, 13%
• By Designation: C level, 50% -- Director level, 31% -- Others,
• By Region: North America, 38% -- Europe, 36% -- Asia-Pacific,
25% -- RoW, 6%
The key companies profiled in this report are: BASF, Covestro, Saint Gobain, Toray Industries, DSM, HELLA KGaA Hueck & Co., RTP Co., Celanese, PolyOne, Kaneka, and Mitsubishi Engineering-Plastics.
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