Plastics were always seen more as insulators, whereas metals were known as better heat conductors. Nonetheless, thermal plastics have demonstrated cooling efficiency comparable to that of metals in applications with natural convection. This makes it a true alternative or an ideal way to add traditional solutions. In applications where metals have distinct disadvantages thermally conductive plastics from various players are good.
It’s being expected that by 2028, the Thermally Conductive Plastics market cap will hit USD 311.10 Million at a CAGR growth of about 13.18%.
Their free forms can be designed to ensure the precise thermal distribution of the heat sink structures. This reduces disruptive heat transfer and will result in even more efficient cooling. Thermally conductive plastics can be freely formed with the help of injection moulding method. This creates new opportunities for the development and design of the product. Another advantage is even a single plastic component is suitable to cool different electronics components.
Demand in Automotive Applications
Factors such as increased heat dissipation requirements in industry are key factors contributing to market growth. Concerns regarding environmental pollution and industry-based substitute goods can prevent market growth. Many companies are constantly seeking to develop their technology in order to strengthen the product portfolios on the thermally conductive plastic market. As a result of the strong focus on customisation and product efficiency, the market for heat-conductive plastics is rising. Such top properties of TCPs are a key driver for market growth in the next few years.
Good thermal control is crucial for improving the service life of the product ending up by positively influencing its energy efficiency and environmental performance, whether in microelectronics, automotive engineering or energy engineering. Following are the key application areas for thermally conductive plastics:-
• Heat management in automotive
• Focal application of thermally conductive polymers
o Lighting systems
o Battery modules
• Weight reduction and less fuel consumption
• Corrosion resistance
In terms of geography the global market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North America and Europe is projected to be the key market for the thermally conductive plastics owing to the flourishing electronics industry. Increasing investment in research and development is also anticipated to uplift the demand of thermally conductive plastics over the foreseeable future.
Key Market Players
• H.B. Fuller
• Permabond Engineering Plastics
• Creative Materials Inc.
• Panacol-Elosol GmbH
• Polytec PT GmbH
• Lord Corporation
• Other Key Companies
Thermally Conductive Plastics Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 311.10 Million|
|Growth Rate||CAGR of 13.18 % during 2021-2028|
|Segment Covered||By Resin Type, By End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Arkema Group, SABIC Group, Celanese Corporation, Saint-Gobain, BASF SE, Royal DSM, Kaneka Corporation, PolyOne Corporation, RTP Company, Covestro AG.|
Key Segment Of The Thermally Conductive Plastics Market
By Resin Type, 2021-2028 (USD Million)
• Polyamide (PA)
• Polybutylene Terephthalate (PBT)
• Polyphenylene Sulphide (PPS)
• Polyetherimide (PEI)
By End User, 2021-2028 (USD Million)
• Electrical and Electronics
Regional Overview, 2021-2028 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa