Thermally Conductive Plastics

Global Thermally Conductive Plastics Market to Reach US$417.5 Million by 2030

The global market for Thermally Conductive Plastics estimated at US$190.8 Million in the year 2024, is expected to reach US$417.5 Million by 2030, growing at a CAGR of 13.9% over the analysis period 2024-2030. Polyamide, one of the segments analyzed in the report, is expected to record a 14.2% CAGR and reach US$109.9 Million by the end of the analysis period. Growth in the Polybutylene Terephthalate (PBT) segment is estimated at 14.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$60.0 Million While China is Forecast to Grow at 17.2% CAGR

The Thermally Conductive Plastics market in the U.S. is estimated at US$60.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$69.3 Million by the year 2030 trailing a CAGR of 17.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.2% and 12.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR.

Global Thermally Conductive Plastics Market - Key Trends & Drivers Summarized

Thermally conductive plastics are advanced polymer materials designed to conduct heat more efficiently than conventional plastics. These materials combine the lightweight and versatile properties of plastics with enhanced thermal conductivity, making them suitable for applications in electronics, automotive, and industrial sectors. Thermally conductive plastics are used in components such as heat sinks, housings, enclosures, and connectors, where effective heat dissipation is crucial for performance and reliability. The development of these materials addresses the growing need for thermal management solutions in compact and high-power devices. Resins used for thermally conductive plastics are polyamide, polybutylene terephthalate, polycarbonate, polyphenylene sulfide, polyetherimide, and other resin types.

The formulation of thermally conductive plastics involves the incorporation of conductive fillers such as graphite, carbon fibers, and metal particles into the polymer matrix. Advances in material science have led to the creation of composites with improved thermal properties without compromising mechanical strength and processability. These materials can be molded into complex shapes and are compatible with standard manufacturing processes, such as injection molding and extrusion. The use of thermally conductive plastics offers several advantages, including reduced weight, corrosion resistance, and cost-effective production, compared to traditional metal-based thermal management solutions.

The growth in the thermally conductive plastics market is driven by several factors. Firstly, the increasing demand for effective thermal management in electronic devices and automotive components is a significant driver. Secondly, advancements in material science and the development of new conductive fillers are enhancing the thermal and mechanical properties of these plastics. Thirdly, the miniaturization of electronic devices and the trend towards lightweight materials in automotive and industrial applications are boosting the adoption of thermally conductive plastics. Additionally, the need for cost-effective and scalable thermal management solutions is driving the market growth. Furthermore, the rising focus on sustainability and the preference for materials that reduce environmental impact are promoting the use of thermally conductive plastics. Lastly, the expansion of industries such as consumer electronics, electric vehicles, and telecommunications is creating new opportunities for the application of thermally conductive plastics.

SCOPE OF STUDY:

The report analyzes the Thermally Conductive Plastics market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Resin Type (Polyamide, Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyphenylene Sulfide (PPS), Polyetherimide, Other Resin Types); End-Use ( Electrical & Electronics, Automotive, Industrial, Healthcare, Aerospace, Other End-Use Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 73 Featured) -

• Arkema Group
• Avient Corporation
• BASF SE
• Celanese Corporation
• Covestro AG
• DuPont de Nemours, Inc
• Ensinger Gmbh
• Exxon Mobil Corporation
• HELLA GmbH & Co. KGaA
• Imerys S.A.
• Kaneka Corporation
• Kenner Material & System Co. Ltd
• Lanxess AG
• Lehmann & Voss & Co.
• Lotte Chemical Corporation
• Mitsubishi Engineering-Plastics Corp.
• Nytex Composite Co., Ltd
• Ovation Polymers Inc.
• Royal DSM N.V.
• RTP Company
• Saint-Gobain Group
• Saudi Basic Industries Corporation (SABIC)
• Themix Specialty Products LLC
• Toray Industries, Inc.
• Ugent Tech Sdn Bhd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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