DUBLIN–(BUSINESS WIRE)–The “Thermally Conductive Additives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The thermally conductive additives market is likely to rebound at a promising CAGR of 11% in the long run to reach US$ 1.3 Billion in 2027.
Thermally conductive additives are challenging traditional materials, such as metals (notably aluminum) and ceramics, as these additives offer a gamut of advantages including lightweight, low cost, easy moldability, and the ability to develop custom parts. Apart from these advantages, these additives also offer more in the way of thermal stability, impact strength, and resistance to scratch and abrasion. Thermal conductivity in plastic provides the ability to meet demanding engineering requirements in many applications and is more cost-effectively than other materials including metals, ceramics, and other plastics.
Thermoplastic conductive additives are used in a multitude of applications including electrical & electronics, LED lighting, automotive, and consumer durable products. Most of these industries suffered during the Pandemic; however, their intensity varied from industry to industry. Thermoplastic conductive additives, a sizeable market, could not escape from such trends and witnessed a slight decline (-3.8%+ in 2020) amid the pandemic.
Unlike other materials markets that are witnessing a 2-5-year recovery trajectory, the thermally conductive additives market recorded extraordinary growth in the year 2021, heaved the loss of the market participants endured during the pandemic. The factor that led an extraordinary growth in the market in 2021 was the increasing penetration of thermally conductive plastics in major markets paired with the organic growth in these markets.
Still, the penetration of thermally conductive plastics is at the embryonic stage and renders ample opportunities for the market participants to work closely with tier players and OEMs to further accelerate the penetration level. The demand for lightweight is most prevalent in most of the plastic-fatty markets such as automotive and electronics. Furthermore, engine downsizing in automotive and miniaturization of electronic devices are increasing temperature in local areas and compelling tier players to incorporate these conductive additives in the plastic compound.
Recent Product Developments:
The 3M company developed 3MT Boron Nitride Cooling Fillers, offering lightweight and high efficiency
Huber’s Martoxid TM-4000 Series offers improved efficiency and performance
Imerys’ HAR T77 talc offers high electrical insulation
Henze Boron Nitride products, such as HeBoFill CL-ADM 020 offer superior thermal conductivity and electrical insulation
Companies Mentioned
Imerys S.A
Showa Denko K.K
Saint-Gobain S.A
The 3M Company
Momentive Inc
Denka Corporation
Asbury Carbon Inc
Henze Boron Nitride Products AG
Huber Engineered Materials
SGL Carbon SE
The thermally conductive additives market is segmented into the following categories.
Thermally Conductive Additives Market, by Resin Type
Thermoplastics
(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
(Resin-Type Analysis: PA, PBT, PC, and Others)
Thermosets
(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
(Resin-Type Analysis: Epoxy, Phenolic, and Others)
Thermally Conductive Additives Market, by Additive Type
Graphite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Boron Nitride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Alumina (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aluminum Nitride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Thermally Conductive Additives Market, by End-Use Industry Type
E&E (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
LED Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Thermally Conductive Additives Market, by Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Latin America, The Middle East, and Others)
For more information about this report visit https://www.researchandmarkets.com/r/ssxv4w