Conductive Plastic Compounds Market Value to Reach Around US$ 12 Billion by 2026: Acumen Research and Consulting
23 April 2019
LOS ANGELES, April 22, 2019 (GLOBE NEWSWIRE) -- The global conductive plastic compounds market size is estimated to grow at CAGR above 10% over the forecast time frame and reach the market value around USD 12 billion.
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Plastic conductive compounds are compounds of electricity driving organic polymers. They are also called polymer compounds that conduct intrinsically. Conductive plastic compounds are reliable and economically efficient for applications that need control of electrostatic discharge, explosive atmosphere and electromagnetic interference. The world market for conductive plastics compounds, driven by increasing manufacturing of electric components and electronic equipment, is expected to expand significantly during the forecast period.
Increase in Demand in Manufacturing of Electrical & Electronic Component and Increased activities of conducting plastic compounds in research & development
The production of conductive plastic compounds involves extrusion processes throughout a complex process chain with several primary materials. In each stage of production it plays an important role for usage of fillers such as graphene, carbon black, carbon fibers and carbon nanopaths to optimally enhance the overall efficacy of the product. Integrated approaches and research activities are conducted at different compound manufacturer and research institutes in order to produce high quality and efficient conductive plastic compound products. Moreover, the focus is on product development through stable, resource conservation and energy efficient processes, by composite producers and plastic converters. Increase in product development programs among compound manufacturers and rise in research and patent activities regarding filler materials among universities and institutes are anticipated to boost the demand for conductive plastic compounds in the near future. The production and assembly of electric and electronic devices is characterized by conductive plastic compounds. They offer reliability to applications where electrostatic discharge is protected, static charges are dissipated and thermal management is effective. Products made of plastic conductive compounds are lightweight, recyclable and anti-corrosion components to protect the electronic applications from damage to the dissipation of static charge. In the electrical and electronic industries, the high use of conducting plastic compounds in the near future will boost demand for conductive plastic compounds. The electronics processing and packaging, industrial security, automotive and aerospace industries also use conductive plastic compounds. The increased use of conductive plastic compounds is projected to drive the global plastic conductive compounds market during the forecast period for several end-user industries due to their exceptional attributes.
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On the regional basis, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa have become the world market for conductive plastic compound products. Asia Pacific led the world market of leading plastic compounds in 2017 in terms of revenue. In the electronics industry, China is the main manufacturing hub. The country constituted prominent share of the market in the region in 2017 owing to the growing adoption of in electrical & electronics industries. Main factors in Asia-Pacific are expanding their manufacturing facilities to meet the increasing demand for conductive plastics compounds in various end-use industries throughout the region. During the forecast period, the leading plastic compounds market in North America and Europe will expand moderately. The market for conductive plastic compounds in these regions is likely to be fueled by advancements in research & development activities among universities and compound companies in North and Europe.
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Key Players and Strategies
Prominent players operating in the global conductive plastic compounds market are BASF SE, LyondellBasell Industries Holdings B.V., DowDuPont Inc., RTP Company, Ravago, Mexichem Specialty Compounds Inc., Adell Plastics, Inc, Polyvisions Inc, Coperion K Tron, Sojitz Corporation, SABIC and A.Schulman. The market for conductive plastic compounds is moderately fragmented and extremely competitive. These companies focus on R&D activities for plastic compounds electrically and thermally conductive. The future market will be driven in the near future by ongoing research and development in conductive plastic compounds.
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