Thermal Conductive Polymer Materials market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Thermal Conductive Polymer Material Market
The Thermal Conductive Polymer Material market size was valued at USD 139.3 billion in 2022, and the market is now projected to grow from USD 154.9 billion in 2023 to USD 359.6 billion by 2030, show a CAGR of 12.8% during the forecast period of 2023-2030.
Automotive and electronics industries experienced a decline in the demand for thermally conductive polymers during COVID-19 pandemic as a result of shortages in components and supply chain disruptions. Nevertheless, the microelectronics industry experienced growth because of increasing demand for these polymers necessitated by remote work as well as remote work requirements. Advanced polymer acceptance was also increased through device miniaturization in Thermal Conductive Polymer Material market growth.
Miniaturization of electronic devices, demands for the thermal conductivity, constraints related to space, as well as the technological advancements constitute the reasons for which there is a need for thermally conductive polymers within the electronics market. Lighter than ceramics and metals used traditionally, these polymers are easier to mold, are resistant to scratches and impacts reducing the component counts, are cost effective thus beneficial to electric and electronic industries compared to metals in Thermal Conductive Polymer Material market share.
Thermal control is one of the major hurdles that EVs face, which is essential for their effectiveness and safety. This might lead to problems like reduced performance and risks on the road. High performance thermally conductive polymers have recently been developed which help in managing heat within different EV elements like the batteries packs, ADAS enclosures, and even charger systems hence improving energy conservation and accident prevention throughout vehicles.
Comprehensive Analysis on Thermal Conductive Polymer Material Market
The Thermal Conductive Polymer Material market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Application Analysis. The Type Analysis includes polyamide, polybutylene terephthalate (PBT), polycarbonate, polyphenylene sulfide, polyetherimide, and others. The Application Analysis includes electrical & electronics, industrial, automotive, healthcare, aerospace, and others.
The North America area lead the Thermal Conductive Polymer Material market with the resource of estimate a market size of USD 63 in 2022 due to the high focus on research & development activities is a prime reason driving the regional market.
The top players in the market play a crucial role in the Chemicals & Advanced Materials industry assuring industrial prospectus development and setting market standards. These players include, SABIC (Saudi Arabia), Avient Corporation (U.S.), RTP Company (U.S.), Covestro AG (Germany), Celanese Corporation (U.S.), MITSUBISHI ENGINEERING-PLASTICS CORPORATION (Japan), DSM (Netherlands), TORAY INDUSTRIES, INC. (Japan), HELLA GmbH & Co. KGaA (Germany), LATI Industria Termoplastici S.p.A. (Italy), LANXESS (Germany), Ensinger Group (Germany), Lehmann&Voss&Co (Germany), Nytex Composites Co., Ltd (Taiwan), KANEKA CORPORATION (Japan), LOTTE Chemical Corporation (South Korea), BASF SE (Germany), Ovation Polymers, Inc. (U.S.) these market players provide a competitive landscape.
In December 2022, Poly-Tech Industrial, Inc. which consists of production facility and high-performance material knowledge was purchased by The Ensinger PolyTech, Inc. a group subsidiary.
Segmentation Table
ATTRIBUTEDETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 12.8% from 2023-2030
Unit Value (USD Million), Volume (Kiloton)
Segmentation By Type, Application, and Geography
By Type Polyamide
Polybutylene Terephthalate
Polycarbonate
Polyphenylene Sulfide
Polyetherimide
Others
By Application Electrical & Electronics
Industrial
Automotive
Healthcare
Aerospace
Others
By Geography North America (By Type, By Application, By Country)
- U.S.
- Canada
Europe (By Type, By Application, By Country)
- Germany
- UK
- France
- Italy
- Rest of Europe
Asia Pacific (By Type, By Application, By Country)
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Latin America (By Type, By Application, By Country)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Type, By Application, By Country)
- South Africa
- GCC
- Rest of Middle East & Africa
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