Thermally Conductive Plastics Market Size & Forecast Report - 2025 to 2030

The global thermally conductive plastics market size is expected to register a robust CAGR of over 13% during the forecast period 2022 to 2028. The increasing demand for the product in the electronics and automotive industry is one of the major factor driving the market growth. The surge in demand for LED in various economies is expected to increase the demand for thermally conductive plastics. Furthermore, the easy customization and design flexibility property of the product is further expected to increase the demand for TCP in various end-use industries. Moreover, the increasing demand for electrical and electronics appliances, growing urbanization and construction activities, and the increasing demand for lightweight components in industrial applications are projected to propel the market growth over the forecast period.

Market Drivers:

Increasing demand for heat management solutions: As electronic devices and systems become more compact and powerful, effective heat management becomes crucial to ensure their reliable operation. Thermally conductive plastics offer an excellent solution for heat dissipation in electronic components, such as LED lighting, power modules, consumer electronics, and automotive electronics. The increasing demand for heat management solutions drives the adoption of thermally conductive plastics.

Lightweight and design flexibility: Thermally conductive plastics provide lightweight alternatives to traditional metal heat sinks and other heat management solutions. They offer design flexibility, allowing complex and intricate shapes to be easily molded. The use of thermally conductive plastics enables manufacturers to reduce weight, optimize space utilization, and enhance overall product design in various industries, including automotive, aerospace, and electronics.

Cost-effectiveness: Thermally conductive plastics can be a cost-effective option compared to traditional metal heat management solutions. They often require fewer manufacturing steps, offer better processing efficiency, and reduce the need for additional components or assembly. The cost advantages associated with thermally conductive plastics make them attractive to industries striving for efficient and economical heat management solutions.

Growing electronics and electrical industry: The electronics and electrical industry is experiencing significant growth globally, driven by technological advancements, increasing consumer demand for electronic devices, and the growing adoption of smart technologies. Thermally conductive plastics find extensive applications in this industry to address heat dissipation challenges. The growth of the electronics and electrical sector directly contributes to the expansion of the thermally conductive plastics market.

Enhanced performance and reliability: Thermally conductive plastics offer improved thermal management capabilities compared to conventional plastics. They exhibit high thermal conductivity and low thermal resistance, ensuring efficient heat transfer and dissipation. The use of thermally conductive plastics helps to enhance the performance, reliability, and lifespan of electronic devices, reducing the risk of overheating and component failure.

Sustainable and eco-friendly solutions: With increasing emphasis on sustainability and environmental considerations, thermally conductive plastics provide eco-friendly alternatives to traditional heat management materials. These plastics can be recyclable and reduce the reliance on non-renewable resources. They contribute to energy savings by improving thermal efficiency and reducing the need for active cooling systems, further supporting sustainability goals.

Advancements in material science and manufacturing technologies: Ongoing advancements in material science and manufacturing technologies have led to the development of new thermally conductive plastic formulations with improved properties and performance. Manufacturers are continuously working on enhancing the thermal conductivity of plastics, improving their mechanical properties, and developing specialized grades for specific applications. The continuous innovation in materials and manufacturing techniques drives the growth of the thermally conductive plastics market.

Expansion in automotive applications: The automotive industry is increasingly adopting thermally conductive plastics for various applications, including lighting systems, power electronics, battery management systems, and under-the-hood components. The demand for electric vehicles and the need for efficient heat dissipation in advanced automotive systems drive the utilization of thermally conductive plastics in the automotive sector.

Market Snapshot:

Market Insights:

The global thermally conductive plastics market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into polyamide, polybutylene terephthalate, polycarbonate, and others. The polyamide (PA) segment dominated the global market in 2021 and is expected to hold the largest revenue share of around one-third market share by the end of the analysis period. The increasing use of polyamide to replace a variety of metals is a primary factor to drive the segment growth. Furthermore, the properties associated with the product such as high-temperature resistance, abrasion resistance, impact resistance, and heat conductivity is further anticipated to fuel the segment growth over the forecast period.

On the basis of application, the global thermally conductive plastics market is segmented into electrical & electronics, automotive, industrial, healthcare, and aerospace. The automotive segment is accounted to register the fastest growth rate over the forecast period. The increasing demand for lightweight automotive components is one of the key factor to drive the segment growth. Furthermore, the increasing use of the product as a metal replacement due to increasing focus to reduce the vehicle weight and improving performance is further expected to fuel the segment growth over the forecast period.

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The thermally conductive plastics comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinions obtained from interviews with industry executives and experts from prominent companies.

The thermally conductive plastics market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Type:

• Polyamide (PA)
• Polybutylene terephthalate (PBT)
• Polycarbonate (PC)
• Polyetherimide (PEI)
• Polyphenylene sulfide (PPS)
• PEEK
• PEKK

By Application:

• Electrical & Electronics
• Automotive
• Industrial
• Healthcare
• Aerospace

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, Asia Pacific dominated the global thermally conductive plastics market in 2021 and is expected to maintain its dominance over the forecast period. The growing various end-use industries such as automotive, electric & electronics, and healthcare is a major factor to drive the market growth in the region. Furthermore, the increasing demand for smart electronics and the growing demand for personal vehicles is further anticipated to fuel the market growth in the Asia Pacific. Moreover, the presence of some major electronics manufacturers and the expansion of the automobile industry is expected to increase the demand for thermally conductive plastic in the Asia Pacific.

Competitive Assessment:

Some of the major market players operating in the global thermally conductive plastics market are Celanese Corporation, Koninklijke DSM N.V. (Royal DSM), Poly One Corporation, Kaneka Corporation, and Toray Industries Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Celanese Corporation
• Koninklijke DSM N.V. (Royal DSM)
• Poly One Corporation
• Kaneka Corporation
• Toray Industries Inc.
• SABIC Group
• Exxon Mobil Corporation
• I.du Pont de Nemours and Company
• Arkema Group
• Compagnie de Saint-Gobain SA

Key Questions Answered by Thermally Conductive Plastics Market Report

• Global thermally conductive plastics market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Thermally conductive plastics submarket forecasts from 2022-2028 covering the market by type, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level thermally conductive plastics markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market