Increasing Demand From Electronics Sector to Help Conductive Plastic Compounds Market Reach Valuation Worth US$20.5 Bn by 2027, Finds TMR
- The global market for conductive plastic compounds is expected to witness a 2X growth in coming years of the forecast period, with electronic industry offering major contribution
- Recent trend of smart materials production, mainly used for the production of artificial muscles and prosthesis as well, is expected to improve the sales prospects from the electronics sector, and thus help the market growth
ALBANY, New York, March 24, 2020 /PRNewswire/ -- Transparency Market Research has published a new research report on the global conductive plastic compounds market. The research report provides detailed information about the key market segments, driving and restraining factors, key geographical regions, and the overall condition of the vendor landscape.
According to the research report, the global conductive plastic compound market is growing at a massive CAGR of ~11% for the given forecast period of 2019 to 2027. The initial revenue of the global market stood at around US$8.5 Bn in 2018. Given the rate of growth, the compound plastic compounds market is expected to reach a valuation worth US$20.5 Bn by the fall of 2027.
Global Conductive Plastic Compounds Market – Key Takeaways
The global market for conductive plastics compound is segmented in terms of resin, filler, end use industry, and region.
Developments in the filler material technology are projected to have a huge influence on the chemicals as well as physical properties of conductive plastic compounds.
Based on fillers, carbon black and carbon fibers are projected to witness a promising growth in coming years of the forecast period.
In terms of application and end-use industry, the global market is expected to be led by the packaging and automotive sectors.
Based on resin, the segment of engineering plastics accounted for a significant share in the global conductive plastic compound market.
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Conductive Plastic Compounds Market (Resin: Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Engineering Plastics, Thermoplastic Elastomers, Bio-plastics, and Others; Filler: Carbon Black, Carbon Fibers, Carbon Nanotubes, Metals, and Others; and End-use Industry: Automotive, Electrical & Electronics, Building & Construction, Packaging, Industrial Machinery, Medical Devices, and Others- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, at https://www.transparencymarketresearch.com/conductive-plastic-compounds-market.html
Global Conductive Plastic Compounds Market – Key Drivers
Conductive plastics compounds play an important role in the assembly and manufacturing of electronic and electrical devices. Naturally, increasing demand from the electronic industry is the key driving factor for the growth of the global market.
There are several benefits of using products made by conductive plastic compounds such as they are recyclable, lightweight, and protection against heat dissipation.
Increasing demand from other end use industries such as packaging and automotive is also expected to drive the growth of the global conductive plastic compounds market.
Increasing advancements in the filler technology such as carbon nanotubes is expected to present lucrative growth opportunities for the market.
Global Conductive Plastic Compounds Market – Prominent Growth Inhibitors
Products made out of conductive plastic compounds are not easily bio-degradable and are hence difficult to recycle. It makes them hazardous for the environment.
Increasing in plastic waste all across the globe is also a key restraining factor for the development of the global market.
Global Conductive Plastic Compounds Market – Geographical Outlook
Asia Pacific is the leading segment of the global conductive plastic compound market with China offering maximum contribution.
Huge electronics manufacturing industry in China is key reason behind the development of the Asia Pacific market.
The regional segment of North America and Europe are projected to grow at a moderate pace in the coming years of the forecast period.
Analyze Conductive Plastic CompoundsMarket growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Global Conductive Plastic Compounds Market – Key Players
BASF SE, RTP Company, LyondellBasell Industries Holdings B.V., Mexichem Specialty Compounds Inc., SABIC, DowDuPont Inc., Coperion K Tron, Adell Plastics, Inc, Sojitz Corporation, Ravago, Polyvisions Inc, and A.Schulman are the key players in the global market.
Global Conductive Plastic Compounds Market: Research Scope
Conductive Plastic Compounds Market by Resin
Acrylonitrile Butadiene Styrene
Others (including Polyoxymethylene Plastic, Polyphenylene Sulfide, Polysulfone, and Polytetrafluoroethylene)
Others (including High Impact Polystyrene and Polyvinylidene Fluoride)
Conductive Plastic Compounds Market by Filler
Others (including Graphite)
Conductive Plastic Compounds Market by End-use Industry
Electrical & Electronics
Building & Construction
Others (Including Petrochemicals and Mining)
Conductive Plastic Compounds Market by Region
Russia & CIS
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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