The Market of Thermally Conductive additives to grow beyond US$ 1117.1 million by 2025
February 11, 2020
Thermally Conductive Additives Market Overview:
The Thermally Conductive Additives Market is projected to grow at a mesmerizing rate over the next five years to reach US$ 1,117.1 million in 2025. Several factors are positively impacting the growth of thermally conductive additives various end-use industries out of which the most common driver is the inherent advantages of thermally conductive additives. Furthermore, the current penetration of thermally conductive plastics is diminutive but has been increasing at an impressive rate, especially in the E&E, automotive, and LED lighting applications, taking the overall growth of the market to the next level. For instance; thermally conductive plastics are increasingly preferred in the headlight and under-the-hood parts in the automotive industry, driven by their lightweight along with excellent thermal stability.
Report Overview:
This new report from Stratview Research analyses the Thermally Conductive Additives Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/811/thermally-conductive-additives-market.html
Thermally Conductive Additives Market Segment Insights:
Thermally conductive additives: Types
There are two types of thermally conductive additives: carbon and ceramic. Carbon-based additives are thermally as well as electrically conductive, whereas ceramic-based additives are thermally conductive and electrically insulative. Graphite is the most popular carbon-based thermally conductive additive, having low cost with desired performance. Among ceramic-based thermally conductive additives, boron nitride is majorly used in the industry.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/811/thermally-conductive-additives-market.html
Dominance of: Thermoplastic and Thermoset
The thermally conductive additives market is segmented based on the plastic-type as thermoplastic and thermoset. Thermoplastic is likely to remain the largest segment of the market during the forecast period. The rapid increase in the production of electric vehicles, miniaturization of electronic devices, and proliferating demand for lightweight materials in the transportation industry are generating a strong demand for thermally conductive additives. The thermoplastic conductive additives market is further segmented as polyamide (PA 6 & PA 66), polybutylene terephthalate (PBT), polycarbonate (PC), and others, where polyamide is likely to maintain its supremacy in the market during the forecast period. Similarly, the thermoset conductive additives market is further segmented as epoxy, phenolic, and others.
Classified as: Graphite, Boron Nitride, and Others
Based on the material type, the market is classified as graphite, boron nitride, and others. Graphite is likely to maintain its lead in the thermally conductive additives market by 2025. Graphite is the best option if electrical conductivity and high thermal conductivity are required in a plastic compound. It is preferred due to its low cost. Graphite costs approximately half of the boron nitride additives.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw material suppliers, thermally conductive additive manufacturers, compounders, and end-use industries. The key players in the market are Imerys, The 3M Company, Showa Denko K.K., Momentive Performance Materials, and Asbury Carbons. The development of advanced additives targeting higher performance, the formation of mergers & acquisitions, and collaborations with OEMs for the joint development of thermally conductive additives are some of the strategies adopted by the major players in order to gain a competitive edge in the market.
Regional: Asia-Pacific is projected to remain the largest region
In terms of region, Asia-Pacific is projected to remain the largest and the fastest-growing region during the forecast period. China is the growth engine of the Asia-Pacific’s thermally conductive additives market. A significant increase in the demand for smart electronics, LED lights, and electric vehicles in the country will continue to boost the demand during the forecast period. Despite weakening economic growth of China and India, both countries are estimated to remain the most attractive markets in years to come as there has been an incessant shift of the electrical & electronics industry in both countries from the developed markets.
Based on the end-use industry type, the market is classified as E&E, automotive, LED lighting, consumer goods, and others. E&E is likely to remain the most dominant demand generator, whereas automotive is likely to be the fastest-growing end-use industry in the market during the forecast period. As electronic devices are becoming smaller yet more powerful with every generation, the importance for thermally conductive and electrically insulative plastics for enclosures of these devices become has been rising tremendously.
Click here for other high value market reports from Stratview Research in the Advanced Material Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176