Thermally Conductive Plastics Market Report 2024 (Global Edition)

Global Thermally Conductive Plastics Market Report 2024 Market Size Split by Product Type (Polyphenylene Sulfide (PPS), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Polyethyle...

Thermally Conductive Plastics Market Report Description

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Competitive Landscape of the Thermally Conductive Plastics Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Thermally Conductive Plastics Industry News

In July 2021, A collaboration agreement was struck by ORNL and Techmer PM LLC to produce 3D printed thermoset plastic molds. These molds are less expensive than metal molds and are used as substitutes for them.

(Source: https://www.techmerpm.com/techmer-pm-oak-ridge-national-laboratory-partner-on-thermally-conductive-resin-for-use-in-autoclavable-curing-compression-molding-tooling/)

Top Companies Market Share in Thermally Conductive Plastics Industry: (In no particular order of Rank)

• BASF
• Saint-Gobain
• Covestro
• Toray Industries
• Royal DSM
• Celanese
• Hella Kgaa Hueck
• Mitsubishi Engineering-Plastics
• RTP
• PolyOne
• Kaneka
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Thermally Conductive Plastics Market

Which Region will dominate the Thermally Conductive Plastics Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In North America, the market for thermally conductive plastics is expanding significantly. The need for sophisticated thermal management systems is growing across a number of industries, including electronics, automotive, and aerospace, which is driving this rise. The market is growing in North America due to a number of factors, including technical advancements, increased investments in research & development, and the region's strong manufacturing infrastructure.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. The European market for thermally conductive plastics is expanding significantly. The region's emphasis on sustainability as well as the growing need for portable, effective heat management solutions in sectors including healthcare, electronics, and automobiles are the main drivers of this expansion. The region's market for thermally conductive plastics is also growing as a result of Europe's strong emphasis on innovation and eco-friendly material standards.

The current report Scope analyzes Thermally Conductive Plastics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Thermally Conductive Plastics Market

According to Cognitive Market Research, the global Thermally Conductive Plastics market size was estimated at USD 150.5 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 60.20  million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031. North America's excellent manufacturing infrastructure and the growing demand for thermal management solutions across various industries are driving the region's robust expansion in the Thermally Conductive Plastics market. Among the important segments, the automotive industry stands out as one that uses Thermally Conductive Plastics in engine components and battery systems to improve efficiency and performance. North America is well-positioned to see further growth in the Thermally Conductive Plastics market, providing opportunities for suppliers, manufacturers, and end users alike, as technological advancements continue to propel the adoption of these materials along with growing concerns about sustainability and energy efficiency.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Thermally Conductive Plastics market with a market size of USD 47.50 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. The demand is amplified by the nation's automotive. 
• The Canada Thermally Conductive Plastics market had a market share of USD 7.22 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. Canada's rising aerospace.
• The Mexico Thermally Conductive Plastics market is projected to witness growth at a CAGR of 14.9% during the forecast period with a market size of USD 5.48 million in 2024.

Europe Thermally Conductive Plastics Market

According to Cognitive Market Research, with a market value of USD 150.5 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 45.15 million. Due to the region's emphasis on sustainability and strict laws encouraging eco-friendly materials, Europe is seeing notable growth in the market for thermallyconductive plastics. The automobile industry is one of the most significant segments in Europe. It uses Thermally Conductive Plastics to enhance energy efficiency and lower environmental impact by improving thermal management in electric vehicles and other automotive applications. Europe is positioned for continuous growth in the Thermally Conductive Plastics market, providing potential for sustainable growth and technological improvement across numerous industries within the region. This is due to ongoing innovations and growing knowledge about the benefits of these materials.

• The United Kingdom Thermally Conductive Plastics market had a market share of USD 7.59 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. In the UK, Thermally Conductive Plastics sales witness an upswing due to the nation's electronics. 
• The France Thermally Conductive Plastics market is projected to witness growth at a CAGR of 13.9% during the forecast period with a market size of USD 4.15 million in 2024.
• According to Cognitive Market Research, the Germany Thermally Conductive Plastics market size was valued at USD 8.94  million in 2024 and is projected to grow at a CAGR of 14.9% during the forecast period. In Germany, Thermally Conductive Plastics sales surge due to the nation's heat sinks, LED lighting, and electronic enclosures.
• The Italy Thermally Conductive Plastics market is projected to witness growth at a CAGR of 14.1% during the forecast period with a market size of USD 3.88 million in 2024.
• The Russia Thermally Conductive Plastics market is projected to witness growth at a CAGR of 13.7% during the forecast period with a market size of USD 7.00 million in 2024.
• The Spain Thermally Conductive Plastics market is projected to witness growth at a CAGR of 13.8% during the forecast period with a market size of USD 3.70 million in 2024.
• The Luxembourg Thermally Conductive Plastics market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 1.40 million in 2024.
• The Portugal Thermally Conductive Plastics market is projected to witness growth at a CAGR of 14.5% during the forecast period with a market size of USD 0.95 million in 2024.
• The Greece Thermally Conductive Plastics market is projected to witness growth at a CAGR of 15.0% during the forecast period with a market size of USD 0.54 million in 2024.
• Rest of Europe Thermally Conductive Plastics market is projected to witness growth at a CAGR of 13.4% during the forecast period with a market size of USD 7.00 million in 2024.

 

Asia Pacific Thermally Conductive Plastics Market

According to Cognitive Market Research, the global Thermally Conductive Plastics market size was estimated at USD 150.5 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 34.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031. Due to the region's dominance in the automobile industry, rapid industrialization, and growing electronics manufacturing, Asia Pacific is witnessing spectacular growth in the thermally conductive plastics market. The need for thermally conductive materials is mostly driven by the electronics sector, as Asia Pacific nations—most notably China, Japan, and South Korea—lead the way in producing consumer electronics and semiconductor devices. Asia Pacific offers a plethora of opportunities for market players to leverage the growing demand for Thermally Conductive Plastics, which is driven by a growing middle class, rising urbanization, and an increasing focus on energy efficiency and technological advancements. These factors also foster innovation and development across a diverse range of industries in the region.

• According to Cognitive Market Research, the China Thermally Conductive Plastics market size was valued at USD 15.58 million in 2024 and is projected to grow at a CAGR of 17.7% during the forecast period. Thermally Conductive Plastics sales surge in China due to the nation's rapid expansion in manufacturing dominance.
• The Japan Thermally Conductive Plastics market is projected to witness growth at a CAGR of 16.7% during the forecast period with a market size of USD 4.78 million in 2024.
• The India Thermally Conductive Plastics market had a market share of USD 4.15 million in 2024 and is projected to grow at a CAGR of 20.0% during the forecast period. The demand is augmented by India's increasing focus on technological advancements.
• The South Korea Thermally Conductive Plastics market is projected to witness growth at a CAGR of 17.3% during the forecast period with a market size of USD 3.46 million in 2024.
• The Australia Thermally Conductive Plastics market is projected to witness growth at a CAGR of 17.9% during the forecast period with a market size of USD 1.80 million in 2024.
• The South East Asia Thermally Conductive Plastics market is projected to witness growth at a CAGR of 19.2% during the forecast period with a market size of USD 2.39 million in 2024.
• The Rest of Asia Pacific Thermally Conductive Plastics market is projected to witness growth at a CAGR of 18.0% during the forecast period with a market size of USD 2.46 million in 2024.

South America Thermally Conductive Plastics Market

According to Cognitive Market Research, the global Thermally Conductive Plastics market size was estimated at USD 150.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 7.53 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031. The market for thermally conductive plastics in Latin America shows promise due to the region's developing industrialization, rising car manufacturing, and rising infrastructure project spending. The automotive industry, however still in its infancy, becomes a major market due to the growing need for lightweight materials and effective thermal management techniques in the car industry. The region offers potential for market players to meet the demand for Thermally Conductive Plastics and support the region's industrial growth and technological advancement as Latin American economies continue to evolve and modernize and as advanced technologies are adopted more frequently.

• According to Cognitive Market Research, the Brazil Thermally Conductive Plastics market size was valued at USD 3.22 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period. Thermally Conductive Plastics sales flourish in Brazil due to the nation's electric vehicle battery cooling,.
• The Argentina Thermally Conductive Plastics market had a market share of USD 1.26 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. The demand is augmented by Argentina's commitment to LED headlights.
• The Colombia Thermally Conductive Plastics market is projected to witness growth at a CAGR of 15.4% during the forecast period with a market size of USD 0.67 million in 2024.
• The Peru Thermally Conductive Plastics market is projected to witness growth at a CAGR of 15.8% during the forecast period with a market size of USD 0.62 million in 2024.
• The Chile Thermally Conductive Plastics market is projected to witness growth at a CAGR of 15.9% during the forecast period with a market size of USD 0.54 million in 2024.
• The Rest of Latin America Thermally Conductive Plastics market is projected to witness growth at a CAGR of 14.7% during the forecast period with a market size of USD 1.21 million in 2024.

 

Middle East and Africa Thermally Conductive Plastics Market

According to Cognitive Market Research, the global Thermally Conductive Plastics market size was estimated at USD 150.5 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031. The market for thermally conductive plastics is steadily rising in the Middle East and Africa, driven by growing investments in the electronics and automotive industries, the growth of manufacturing sectors, and the expansion of infrastructure projects. The construction industry, while still in its infancy, becomes a significant market area, employing thermally conductive plastics in building materials to improve sustainability and energy efficiency. In light of the region's ongoing efforts to modernize and urbanize as well as the increased emphasis on technological developments, the Middle East and Africa present a number of opportunities for market players to enter the market, meet consumer demand for Thermally Conductive Plastics, and support the industrial diversification and economic growth of the area.

• According to Cognitive Market Research, the GCC Countries Thermally Conductive Plastics market size was valued at USD 1.29 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period. Thermally Conductive Plastics sales flourish in the GCC Countries due to the region's strategic investments in research and advancements.
• The Egypt Thermally Conductive Plastics market is projected to witness growth at a CAGR of 16.2% during the forecast period with a market size of USD 0.32 million in 2024.
• The South Africa Thermally Conductive Plastics market is projected to witness growth at a CAGR of 16.9% during the forecast period with a market size of USD 0.48 million in 2024. Thermally Conductive Plastics sales flourish in the South Africa due to the region's strategic investments in research and advancements.
• The Turkey Thermally Conductive Plastics market is projected to witness growth at a CAGR of 15.4% during the forecast period with a market size of USD 0.26 million in 2024.
• The Nigeria Thermally Conductive Plastics market is projected to witness growth at a CAGR of 15.0% during the forecast period with a market size of USD 0.32 million in 2024.
• The Rest of MEA Thermally Conductive Plastics market is projected to witness growth at a CAGR of 14.9% during the forecast period with a market size of USD 0.36 million in 2024.

 

Thermally Conductive Plastics Market Analysis

Thermally Conductive Plastics Market Product Type Segment Analysis

According to Cognitive Market Research, Polyphenylene Sulfide (PPS) held the major market share over the forecast period. In the expanding industry for thermally conductive plastics, polyphenylene sulfide, or PPS, is becoming a major participant. PPS is widely used in applications needing effective heat dissipation across a range of industries, including automotive, electronics, and aerospace. It is renowned for its exceptional thermal stability, chemical resistance, and electrical qualities. PPS is a recommended option for demanding thermal management applications due to its special combination of features.

Polybutylene Terephthalate (PBT), is the fastest-growing category over the forecast period. PBT, or polybutylene terephthalate, is expected to have an impact on the growing market for thermally conductive plastics. PBT is well-known for having superior mechanical strength, thermal stability, and dimensional stability. As such, it is a strong option for applications that need effective heat dissipation. Because of its adaptability and fit for a range of industries, including consumer goods, electronics, and automobiles, PBT is expected to be a major factor in the market's growth.

• Polyphenylene Sulfide (PPS)
• Polybutylene Terephthalate (PBT)
• Polyamide (PA)
• Polycarbonate (PC)
• Polyethylenimine (PEI)
• Polysulfone (PSU)
• Polyether Ether Ketone (PEEK)
• Polyolefin
• Epoxy
• Silicone
• Polyurethane
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Thermally Conductive Plastics Industry. Request a Free Sample PDF!

Thermally Conductive Plastics Market End-use Industry Segment Analysis

According to Cognitive Market Research, Electrical & Electronics, hold a prominent market share. One major factor propelling the expanding market for thermally conductive plastics is the Electrical and Electronics industry. In order to avoid overheating and preserve performance, effective heat dissipation is essential given the growing need for increasingly compact, potent electronic gadgets. Thermally conductive plastics support the expansion and innovation of the electronic component industry by providing flexible, lightweight solutions for thermal management.

Aerospace & Defense is the fastest-growing category over the forecast period. The market for thermally conductive plastics is expanding thanks in large part to the aerospace and defense sector. Thermally conductive plastics are seeing a rise in use in defense systems, satellites, and aircraft parts due to the necessity for lightweight materials that can survive challenging conditions and efficiently dissipate heat. Their acceptance in this industry is fueled by their capacity to achieve strict performance standards while enhancing thermal control.

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

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Thermally Conductive Plastics Filler Type Segment Analysis

According to Cognitive Market Research, Ceramics, held the major market share over the forecast period. One major factor propelling the expanding market for thermally conductive plastics is ceramics. Ceramic fillers are being added to plastic matrices more frequently in order to improve heat conductivity as a result of developments in material science. This combination provides robust, lightweight solutions for heat dissipation in a range of industries, such as aerospace, automotive, and electronics. The distinct blend of characteristics offered by ceramic-filled plastics promotes their uptake and aids in market growth.

Carbon-based is the fastest-growing category over the forecast period. The market for thermally conductive plastics is expanding thanks in part to compounds based on carbon. These polymers take advantage of carbon's remarkable thermal conductivity to provide effective heat dissipation solutions for a range of applications. In sectors like electronics, automotive, and aerospace, where lightweight and high-performance heat management solutions are essential, carbon-filled polymers are becoming more and more popular. The use of carbon-based materials spurs development and growth in the Thermally Conductive Plastics market.

• Ceramics
• Carbon-based
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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