DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Thermally Conductive Plastics Market - Global Forecast to 2021" report to their offering.
The thermally conductive plastics market is projected to reach USD 255.1 million by 2021, at a CAGR of 13.6% from 2016 to 2021.
Strong focus on customization and design flexibility is a prime factor for the growth of market. Plastic materials are comparatively lighter than other alternative materials, such as metals and ceramics; are easy-to-handle, customize, and mold; and have higher scratch resistance, thermal stability, impact strength, and resistance to abrasions. These superior properties of TCPs are a key driver for the growth of the market in the coming years. The demand for smart electronics and technological advancements in the automotive industry is expected to boost the demand of TCPs during forecast period. However, comparatively lower thermal conductivity than traditional materials can restrain the growth of TCPs market during the forecast period. Fluctuating prices of raw materials and high cost complex production process are key challenges for the growth of the market.
Among end-use industries, the automotive segment is projected to be the fastest-growing segment of the market during the forecast period. Increasing demand for energy efficient lighting solutions, compact design, and lightweight automobiles are key factors expected to drive the demand for TCPs in the automotive segment. Furthermore, the use of thermally conductive plastics as metal replacements reduces weight of vehicles, increases performance, provides design flexibility, and thus reduces the overall costs. These factors are expected to contribute to the increasing consumption of TCPs in the automotive industry.
- BASF SE
- Celanese Corporation
- Covestro AG (Bayer Materialscience)
- E. I. Du Pont De Nemours and Company (Dupont)
- Ensinger GmbH
- Kaneka Corporation
- Polyone Corporation
- RTP Company
- Royal DSM N.V.
Saudi Basic Industries Corporation (SABIC)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Thermally Conductive Plastics Market, By Type
8 Thermally Conductive Plastics Market, By End-Use Industry
9 Thermally Conductive Plastics Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/2lzdxt/thermally