Conductive Plastic Compounds Market: KeyHighlights
· Theglobal conductive plastic compounds market wasvalued at ~US$ 8.5 Bn in 2018, and is anticipated toexpand at a CAGR of ~11% during the forecast period.
· Conductiveplastic compound manufacturers and plastic converters are focusing ondeveloping products through stable, resource-saving, and energy-efficientprocesses. Increase in product development programs among compoundmanufacturers and rise in research & patent activities regarding fillermaterials among institutes and universities are estimated to propel the demandfor conductive plastic compounds in the near future.
Key Drivers of Conductive Plastic Compounds Market
· Conductiveplastic compounds play a vital role in the manufacture and assembly ofelectrical and electronic devices. They offer reliability to applications thatrequire protection from electrostatic discharge, dissipation of static charges,and effective thermal management. Products manufactured from conductive plasticcompounds are lightweight, recyclable, and protect against damage todissipation of static charge in electronic applications. Injection molded andextruded conductive plastic compounds possess exceptional electrical propertiesthat span the surface resistivity spectrum from 100 ohm/sq to 1012 ohm/sq. Highusage of conductive plastic compounds in the electrical & electronicsindustry is expected to boost the demand for conductive plastic compounds inthe near future.
· Conductiveplastic compounds are also employed in electronics processing and packaging,industrial safety, automotive, and aerospace industries. Rise in the usage ofconductive plastic compounds in several end-use industries due to theirexceptional attributes is estimated to drive the global conductive plasticcompounds market during the forecast period.
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Carbon Nanotubes to Offer Lucrative Opportunities
· In termsof filler, carbon nanotubes was a highly attractive segment of the globalconductive plastic compounds market in 2018. The segment isprojected to maintain its attractiveness during the forecast period, led by therise in the demand for carbon nanotubes in the automotive and aerospacesectors, owing to their exceptional thermal and electrical properties.
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Risks Associated with Plastic Waste ManagementLikely to Hamper Market
· Polymer-basedconductive plastics account for a large share of the total conductive plasticsproduced and sold around the world. These are not readily bio-degradable. Thus,these plastics are hazardous to the environment.
· Rise inplastic waste around the world is likely to be a significant factor restrainingthe global conductive plastic compounds market during the forecast period.
· TheEuropean Union has banned plastic landfills in Switzerland, Austria, theNetherlands, Germany, and Sweden. This is anticipated to hamper the plasticindustry in these countries.
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Asia Pacific Prominent Conductive Plastic CompoundsMarket
· Based onregion, the global conductive plastic compounds market has been segmented intoNorth America, Europe, Asia Pacific, Latin America, and the Middle East &Africa.
· In termsof revenue, Asia Pacific led the global conductive plastic compounds market in 2018.China is a major manufacturing hub of the electronics industry. The countryconstituted a prominent share of the market in the region in 2018,owing to the high rate of adoption of conductive plastic compounds inelectrical & electronic applications. Prominent players are focusing onexpanding their production facilities in Asia Pacific to cater to the risingdemand for conductive plastic compounds in several end-use industries in theregion.
· Theconductive plastic compounds markets in North America and Europe are projectedto expand at a moderate pace during the forecast period. Advancements inresearch & development activities among universities and compoundmanufacturers in North America and Europe are likely to drive the conductiveplastic compounds market in these regions.
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Top Five Players Account for Key Share of Market
· Prominentplayers operating in the global conductive plastic compounds market are BASFSE, RTP Company, LyondellBasell Industries Holdings B.V., Mexichem SpecialtyCompounds Inc., SABIC, DowDuPont Inc., Coperion K Tron, Adell Plastics, Inc,Sojitz Corporation, Ravago, Polyvisions Inc, and A.Schulman.
· Theglobal conductive plastic compounds market is moderately fragmented and highlycompetitive. Major companies focus on research & development activitiespertaining to electrically- and thermally-conductive plastic compounds. Ongoingresearch & development activities in conductive plastic compounds areexpected to drive the market in the near future.
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