The global thermally conductive plastic market (2015–2020) is estimated to reach USD 757.4 Million by 2020, at a CAGR of 14.3%. The market is driven by increasing demand for LED lights, lightweight heat sinks, electrical vehicles, medical devices, and lightweight automotive vehicles.
Pune, India -- (SBWIRE) -- 09/14/2016 -- The report "Thermally Conductive Plastics Market by Raw Material (PPS, PBT, PA, PC, PEI, PSU, & Others), by End-Use Industry (Electrical & Electronics, Automotive, Industrial, Healthcare, Aerospace, & Others) - Global Trends and Forecast to 2020", is projected to reach USD 757.4 Million by 2020.
Browse 89 market data tables and 60 figures spread through 159 pages and in-depth TOC on "Thermally Conductive Plastics Market - Global Trends and Forecast to 2020"
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The thermally conductive plastics market size is estimated to grow from USD 388.5 Million in 2015 to USD 757.4 Million by 2020, at a CAGR of 14.3%. The market is driven by the rising use of plastic materials than other alternative materials such as metals and ceramics as they are easy-to-handle, and have higher scratch resistance, thermal stability, impact strength, and resistance to abrasions. Among all regions considered, North America and Asia-Pacific are estimated to witness a strong growth in the next five years. Also, the demand across these regions is reinforced by the emerging markets, namely, China, South Korea, and India.
North America: The Largest Market of Thermally Conductive Plastics
North America is currently the largest market for thermally conductive plastics. The U.S. is the largest market for thermally conductive plastics in this region.
The favorable market forces driving the market for thermally conductive plastics in North America are:
Stringent lighting regulations in the region
Increasing demand for lightweight vehicles in the region
Growing aerospace, healthcare, and electrical & electronics industries in major countries, such as the U.S. and Mexico
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"Growing demand from major emerging economies"
The PAGs market is broadly segmented into four regions, i.e. North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is the largest market for PAGs followed by North America. Asia-Pacific is also expected to be the fastest-growing market during the forecast period. The major factors driving the PAGs market in Asia-Pacific are growing automotive and other manufacturing industries in emerging economies such as China and India. The other end-use industries of PAGs such as personal care, surfactants, and pharmaceutical are also growing in the region, driving the demand for PAGs.
Currently, the global PAGs market is dominated by various market players such as the Dow Chemical Company (U.S.), BASF SE (Germany), Ineos Group (Japan), Clariant AG (U.S.), Huntsman Corporation (Japan), Idemitsu Kosan Co. (U.S.), Ashland Inc. (U.S.), Exxon Mobil (U.S.), AkzoNobel N.V. (Netherlands), and Stepan Company (U.S.), among others.
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The scope of the report covers detailed information regarding the major factors influencing the growth of the thermally conductive plastics market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.
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