Thermally Conductive Plastics Market Worth 757.4 Million USD by 2020
PUNE, India, December 3, 2015 /PRNewswire/ --
The report "Thermally Conductive Plastics Market by Raw Material (PPS, PBT, PA, PC, PEI, PSU, & Others), by End-Use Industry (Electrical & Electronics, Automotive, Industrial, Healthcare, Aerospace, & Others) - Global Trends and Forecast to 2020", published by MarketsandMarkets, The Thermally Conductive Plastics Market size is estimated to grow from USD 388.5 Million in 2015 to USD 757.4 Million by 2020, at a CAGR of 14.3%.
Browse 89 market data Tables and 60 Figures spread through 159 Pages and in-depth TOC on "Thermally Conductive Plastics Market"
http://www.marketsandmarkets.com/Market-Reports/thermally-conductive-plastics-market-148526587.html
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The thermally conductive plastics market size is estimated to grow from USD 388.5 Million in 2015 to USD 757.4 Million by 2020, at a CAGR of 14.3%. The market is driven by the rising use of plastic materials than other alternative materials such as metals and ceramics as they are easy-to-handle, and have higher scratch resistance, thermal stability, impact strength, and resistance to abrasions. Among all regions considered, North America and Asia-Pacific are estimated to witness a strong growth in the next five years. Also, the demand across these regions is reinforced by the emerging markets, namely, China, South Korea, and India.
North America: The Largest Market of Thermally Conductive Plastics
North America is currently the largest market for thermally conductive plastics. The U.S. is the largest market for thermally conductive plastics in this region.
The favorable market forces driving the market for thermally conductive plastics in North America are:
- Stringent lighting regulations in the region
- Increasing demand for lightweight vehicles in the region
- Growing aerospace, healthcare, and electrical & electronics industries in major countries, such as the U.S. and Mexico
Electrical & Electronics: The Largest End-Use Industry Segment of Thermally Conductive Plastics Market
Electrical & electronics is currently the largest end-use segment and one of the major applications of thermally conductive plastics. The heat generated incised the electronic devices is most often concentrated in a small area and temperatures may reach much higher levels which results in the failure of these devices. The continuous developments and demand for smart and sophisticated electronic devices in various end-use industries is driving the demand for better thermal management. This rapid and ongoing growth in the packaging density of electronics has posed enormous challenges to electronics cooling and thus, the lightweight and easy moldability of thermally conductive plastics can be a perfect fit for these devices.
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The key players in the thermally conductive plastics market are BASF SE (Germany), Covestro (Bayer MaterialScience) (Germany), Saint Gobain SA (France), Toray Industries Inc. (Japan), Royal DSM N.V. (The Netherlands), HELLA KGaA Hueck & Co.(Germany), RTP Company (U.S.), Celanese Corporation (U.S.), Polyone Corporation (U.S.), Kaneka Corporation (Japan), and Mitsubishi Engineering-Plastics Corporation (Japan), and other local players.
The scope of the report covers detailed information regarding the major factors influencing the growth of the thermally conductive plastics market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.
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