Thermal Conductive Polymer Material Market Forecasts to 2028 – Global Analysis By Type (Polybutylene Terephthalate, Polyphenylene Sulfide, Polyetherimide, Polycarbonate, Polyamide and Other Types), Application and By Geography
According to Stratistics MRC, the Global Thermal Conductive Polymer Material Market is accounted for $139.3 million in 2022 and is expected to reach $318.8 million by 2028 growing at a CAGR of 14.7% during the forecast period. In thermal management applications, thermal conductive polymers can take the place of metal, ceramic, and traditional plastics. To improve the thermal conductivity of composite materials, these polymers are added. They are used in a variety of end-use industries, including the automotive and medical sectors, because they are lighter in weight and have a lower density. Due to their higher impact strength, reduced cost, processability, and capacity to be moulded into varied shapes, thermal conductive polymer materials are predicted to see an increase in demand.
According to the Indian IT Minister, mobile manufacturing in India is expected to exceed INR 90,000 crore (USD 12 trillion) by the end of 2022. According to yearly statistics released by Samsung during the fourth quarter of 2020, the consumer electronics division's total sales was valued at KRW 13.6 trillion (USD 11.3 billion), with an operating profit of KRW 0.8 trillion (USD 668 million).
Market Dynamics:
Driver:
Expanding electric vehicle industry
A polymeric insulated wire with good thermal performance and high ampacity serves as the foundation of the new fast charging method for electric vehicles. There has been a lot of production of advanced polymer materials with good thermal and electrical characteristics. Product development is anticipated to open up a variety of market prospects due to the growing demand for electric vehicles and thermal management systems in the automotive sector.
Restraint:
Lack of thermal properties
Polymers that transfer heat are neither pure plastic nor metal. Due to the filler content, thermal conductive polymers are heavier, which raises issues when processing these goods. Because there is such a large amount of solid, granular filler, it can settle during shipping and storage, necessitating mixing before use. As a result, the market's expansion is being hampered by a lack of thermal properties.
Opportunity:
Changing electronics industry
The need for materials has been influenced by elements including the miniaturisation of electronic devices, thermal conductivity, spatial limitations, and technical innovation. Due to their numerous advantages, thermal conductive polymers are challenging conventional materials. Thermal paste is made from thermally conductive polymer polymers. It is projected that increased electronic production will accelerate market expansion.
Threat:
Fluctuating crude oil prices
Pricing for polymer resin is influenced by the volatility of crude oil prices brought on by geopolitical unpredictability, production and storage expenses, and high energy costs. Polymers made from petroleum fuels, which are prone to commodity price fluctuation, are the raw materials. Oil prices are still erratic. Because of this, variations in the price of crude oil have an impact on the cost of polymer resins and thermally conductive polymers.
Covid-19 Impact
COVID-19 had an effect on the electric and electronics industries, which hurt the market. Component shortages, which already had an impact on the electronic industry, were exacerbated by supply chain issues. The manufacturing of thermally conductive polymer materials has declined as a result of the reduced freight capacity, which has restricted the shipping of raw materials. The use of sophisticated polymeric materials has also grown as a result of the miniaturisation of electronic equipment.
The polybutylene terephthalate segment is expected to be the largest during the forecast period
The polybutylene terephthalate segment is estimated to have a lucrative growth, due to its properties, including high strength, rigidity, resistance to thermal deformation, and high dimensional stability, characterize polycarbonates. One thermoplastic polymer with a high thermal conductivity is this one. Exceptional chemical and heat resistance characterise this material. Thermally stable applications make extensive use of it.
The electrical & electronics segment is expected to have the highest CAGR during the forecast period
The electrical & electronics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the need for thermal management in devices, there has been a significant increase in demand for heat sinks, heat removal devices, electric battery housing. The adoption of such materials owing to their exceptional properties is expected to bolster the demand for the market.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrial expansion and intensive research activities. The increase is being fuelled by the charging infrastructure, which is expanding faster than in other areas. Automotive is the fastest growing end use industry. The increased use of battery modules, brackets, and other automotive applications is driving up market demand.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the high adoption rate of thermally conductive polymers. Automobiles, electric vehicles (EVs), machinery, and other applications frequently utilise thermal conductive polymer materials. The demand is being boosted by consumers' evolving preferences towards adaptable and flexible materials for a range of end-use applications.
Key players in the market
Some of the key players profiled in the Thermal Conductive Polymer Material Market include Ovation Polymers, Inc., BASF SE, TORAY INDUSTRIES, INC., DuPont, Avient Corporation, Mitsubishi Engineering-Plastics Corporation, Nytex Composites Co., Ltd, LOTTE Chemical Corporation, Kaneka Corporation, DSM , RTP Company, Celanese Corporation, HELLA GmbH & Co. KGaA, Covestro AG, Ensinger Group and LATI Industria Termoplastici S.p.A.
Key Developments:
In December 2022, The Ensinger PolyTech, Inc. a group subsidiary, acquired the assets of Poly-Tech Industrial, Inc. that includes production facility and high-performance material knowledge.
In May 2021, TORAY INDUSTRIES, INC. developed a technology for carbon fiber-reinforced plastic (CFRP), high thermal conductivity technology, which assists in easing the heat-dissipating properties of CFRP. Such technology finds application in electronic devices to boost the performance while suppressing battery degradation.
Types Covered:
• Polybutylene Terephthalate
• Polyphenylene Sulfide
• Polyetherimide
• Polycarbonate
• Polyamide
• Other Types
Applications Covered:
• Automotive
• Healthcare
• Electrical & Electronics
• Aerospace
• Industrial
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Thermal Conductive Polymer Material Market, By Type
- 5.1 Introduction
- 5.2 Polybutylene Terephthalate
- 5.3 Polyphenylene Sulfide
- 5.4 Polyetherimide
- 5.5 Polycarbonate
- 5.6 Polyamide
- 5.7 Other Types
- 6 Global Thermal Conductive Polymer Material Market, By Application
- 6.1 Introduction
- 6.2 Automotive
- 6.3 Healthcare
- 6.4 Electrical & Electronics
- 6.5 Aerospace
- 6.6 Industrial
- 6.7 Other Applications
- 7 Global Thermal Conductive Polymer Material Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
- 8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
- 9 Company Profiling
- 9.1 Ovation Polymers, Inc.
- 9.2 BASF SE
- 9.3 TORAY INDUSTRIES, INC.
- 9.4 DuPont
- 9.5 Avient Corporation
- 9.6 Mitsubishi Engineering-Plastics Corporation
- 9.7 Nytex Composites Co., Ltd
- 9.8 LOTTE Chemical Corporation
- 9.9 Kaneka Corporation
- 9.10 DSM
- 9.11 RTP Company
- 9.12 Celanese Corporation
- 9.13 HELLA GmbH & Co. KGaA
- 9.14 Covestro AG
- 9.15 Ensinger Group
- 9.16 LATI Industria Termoplastici S.p.A.
- List of Tables
- Table 1 Global Thermal Conductive Polymer Material Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Thermal Conductive Polymer Material Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Thermal Conductive Polymer Material Market Outlook, By Polybutylene Terephthalate (2020-2028) ($MN)
- Table 4 Global Thermal Conductive Polymer Material Market Outlook, By Polyphenylene Sulfide (2020-2028) ($MN)
- Table 5 Global Thermal Conductive Polymer Material Market Outlook, By Polyetherimide (2020-2028) ($MN)
- Table 6 Global Thermal Conductive Polymer Material Market Outlook, By Polycarbonate (2020-2028) ($MN)
- Table 7 Global Thermal Conductive Polymer Material Market Outlook, By Polyamide (2020-2028) ($MN)
- Table 8 Global Thermal Conductive Polymer Material Market Outlook, By Other Types (2020-2028) ($MN)
- Table 9 Global Thermal Conductive Polymer Material Market Outlook, By Application (2020-2028) ($MN)
- Table 10 Global Thermal Conductive Polymer Material Market Outlook, By Automotive (2020-2028) ($MN)
- Table 11 Global Thermal Conductive Polymer Material Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 12 Global Thermal Conductive Polymer Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 13 Global Thermal Conductive Polymer Material Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 14 Global Thermal Conductive Polymer Material Market Outlook, By Industrial (2020-2028) ($MN)
- Table 15 Global Thermal Conductive Polymer Material Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 16 North America Thermal Conductive Polymer Material Market Outlook, By Country (2020-2028) ($MN)
- Table 17 North America Thermal Conductive Polymer Material Market Outlook, By Type (2020-2028) ($MN)
- Table 18 North America Thermal Conductive Polymer Material Market Outlook, By Polybutylene Terephthalate (2020-2028) ($MN)
- Table 19 North America Thermal Conductive Polymer Material Market Outlook, By Polyphenylene Sulfide (2020-2028) ($MN)
- Table 20 North America Thermal Conductive Polymer Material Market Outlook, By Polyetherimide (2020-2028) ($MN)
- Table 21 North America Thermal Conductive Polymer Material Market Outlook, By Polycarbonate (2020-2028) ($MN)
- Table 22 North America Thermal Conductive Polymer Material Market Outlook, By Polyamide (2020-2028) ($MN)
- Table 23 North America Thermal Conductive Polymer Material Market Outlook, By Other Types (2020-2028) ($MN)
- Table 24 North America Thermal Conductive Polymer Material Market Outlook, By Application (2020-2028) ($MN)
- Table 25 North America Thermal Conductive Polymer Material Market Outlook, By Automotive (2020-2028) ($MN)
- Table 26 North America Thermal Conductive Polymer Material Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 27 North America Thermal Conductive Polymer Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 28 North America Thermal Conductive Polymer Material Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 29 North America Thermal Conductive Polymer Material Market Outlook, By Industrial (2020-2028) ($MN)
- Table 30 North America Thermal Conductive Polymer Material Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 31 Europe Thermal Conductive Polymer Material Market Outlook, By Country (2020-2028) ($MN)
- Table 32 Europe Thermal Conductive Polymer Material Market Outlook, By Type (2020-2028) ($MN)
- Table 33 Europe Thermal Conductive Polymer Material Market Outlook, By Polybutylene Terephthalate (2020-2028) ($MN)
- Table 34 Europe Thermal Conductive Polymer Material Market Outlook, By Polyphenylene Sulfide (2020-2028) ($MN)
- Table 35 Europe Thermal Conductive Polymer Material Market Outlook, By Polyetherimide (2020-2028) ($MN)
- Table 36 Europe Thermal Conductive Polymer Material Market Outlook, By Polycarbonate (2020-2028) ($MN)
- Table 37 Europe Thermal Conductive Polymer Material Market Outlook, By Polyamide (2020-2028) ($MN)
- Table 38 Europe Thermal Conductive Polymer Material Market Outlook, By Other Types (2020-2028) ($MN)
- Table 39 Europe Thermal Conductive Polymer Material Market Outlook, By Application (2020-2028) ($MN)
- Table 40 Europe Thermal Conductive Polymer Material Market Outlook, By Automotive (2020-2028) ($MN)
- Table 41 Europe Thermal Conductive Polymer Material Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 42 Europe Thermal Conductive Polymer Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 43 Europe Thermal Conductive Polymer Material Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 44 Europe Thermal Conductive Polymer Material Market Outlook, By Industrial (2020-2028) ($MN)
- Table 45 Europe Thermal Conductive Polymer Material Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 46 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Country (2020-2028) ($MN)
- Table 47 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Type (2020-2028) ($MN)
- Table 48 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Polybutylene Terephthalate (2020-2028) ($MN)
- Table 49 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Polyphenylene Sulfide (2020-2028) ($MN)
- Table 50 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Polyetherimide (2020-2028) ($MN)
- Table 51 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Polycarbonate (2020-2028) ($MN)
- Table 52 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Polyamide (2020-2028) ($MN)
- Table 53 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Other Types (2020-2028) ($MN)
- Table 54 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Application (2020-2028) ($MN)
- Table 55 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Automotive (2020-2028) ($MN)
- Table 56 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 57 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 58 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 59 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Industrial (2020-2028) ($MN)
- Table 60 Asia Pacific Thermal Conductive Polymer Material Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 61 South America Thermal Conductive Polymer Material Market Outlook, By Country (2020-2028) ($MN)
- Table 62 South America Thermal Conductive Polymer Material Market Outlook, By Type (2020-2028) ($MN)
- Table 63 South America Thermal Conductive Polymer Material Market Outlook, By Polybutylene Terephthalate (2020-2028) ($MN)
- Table 64 South America Thermal Conductive Polymer Material Market Outlook, By Polyphenylene Sulfide (2020-2028) ($MN)
- Table 65 South America Thermal Conductive Polymer Material Market Outlook, By Polyetherimide (2020-2028) ($MN)
- Table 66 South America Thermal Conductive Polymer Material Market Outlook, By Polycarbonate (2020-2028) ($MN)
- Table 67 South America Thermal Conductive Polymer Material Market Outlook, By Polyamide (2020-2028) ($MN)
- Table 68 South America Thermal Conductive Polymer Material Market Outlook, By Other Types (2020-2028) ($MN)
- Table 69 South America Thermal Conductive Polymer Material Market Outlook, By Application (2020-2028) ($MN)
- Table 70 South America Thermal Conductive Polymer Material Market Outlook, By Automotive (2020-2028) ($MN)
- Table 71 South America Thermal Conductive Polymer Material Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 72 South America Thermal Conductive Polymer Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 73 South America Thermal Conductive Polymer Material Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 74 South America Thermal Conductive Polymer Material Market Outlook, By Industrial (2020-2028) ($MN)
- Table 75 South America Thermal Conductive Polymer Material Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 76 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Country (2020-2028) ($MN)
- Table 77 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Type (2020-2028) ($MN)
- Table 78 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Polybutylene Terephthalate (2020-2028) ($MN)
- Table 79 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Polyphenylene Sulfide (2020-2028) ($MN)
- Table 80 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Polyetherimide (2020-2028) ($MN)
- Table 81 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Polycarbonate (2020-2028) ($MN)
- Table 82 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Polyamide (2020-2028) ($MN)
- Table 83 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Other Types (2020-2028) ($MN)
- Table 84 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Application (2020-2028) ($MN)
- Table 85 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Automotive (2020-2028) ($MN)
- Table 86 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 87 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 88 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 89 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Industrial (2020-2028) ($MN)
- Table 90 Middle East & Africa Thermal Conductive Polymer Material Market Outlook, By Other Applications (2020-2028) ($MN)
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