Conductive Plastic Compounds Market
Conductive Plastic Compounds Market Analysis By Resin (Polyethylene, Polypropylene, Polyvinyl Chloride Conductive Plastic Compounds), By Filler Type (Carbon Black, Carbon Fiber, Carbon Nanotubes), By End Use, By Region - Global Insights 2031
Conductive Plastic Compounds Market Outlook
The global conductive plastic compounds market is poised to expand at a CAGR of around 11% over the 2021 to 2031 assessment period, with demand highest from the electric and electronics sector.
Conductive plastic compounds are organic polymers that are used for shielding sensitive electrical components, high power transmission cables and many other applications. The use of compounds is rising across various industries and the sales of conductive plastic compounds are projected to increase in upcoming years.
Sales of conductive plastic compounds will increase at a splendid pace in upcoming years because these compounds are cost-effective and reliable. Another factor which is driving the sales of these compounds is the characteristic of non-reactive to environments so they can be used in extreme temperature situation.
Conductive plastic compounds find uses in industries such as automotive, electronic & electrical, building & construction, medical devices, industrial machinery, packaging and others. The use of these compounds is expected to increase rapidly in the electrical & electronic industry as the application of these compounds is increasing in the industry.
The foremost objective of the report by Fact.MR on the conductive plastic compounds market is to pitch insights on the market scenario, demand generators, and technological advancements in this space. The report provides a taxonomy elaborating on key segments.
The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in South Asia, North America, Europe, and East Asia holding the bulk of the market share.
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Historical Trends Vs Future Market Projections
From the year 2016- 2020 the conductive plastic compounds market growth rate has been on a steady rise. As the demand for better and improved electrical devices & instruments has been increasing across the globe. The market for conductive plastic compounds has seen a significant increase in the past half-decade.
In FY2020, sales of conductive plastic compounds dipped because of the global COVID-19 pandemic, in many countries government declared lockdowns and due to this production was held. But with the ease in lockdown and resume of production around the world, sales of conductive plastic compounds is about to witness a growth in the second quarter of 2021.
Forecast period assessment is done by breaking down the period into three assessable periods i.e., Short-run, medium-run and long-run
- Short-run:- Due to Covid-19 the market was affected but with the ease in lockdown and because of Covid-19, but as these compounds find their use in manufacturing of medical devices, thereby the sales of conductive plastic compounds will witness growth
- Medium run: - The electrical & electronic industry is booming and millions of electrical devices are being launched in the market every year, the use of these compounds is increasing in the electric and electronics industry so with that the value of conductive plastic compounds will see a potential rise
- Long run:- Economic cycles, inflation rate, substitutes and regional demands and supply chain for the conductive plastic compounds to impact the overall market which has been discussed in detail in the recently published report of Fact.MR
All in all, the conductive plastic compounds industry is to advance at a desirable CAGR of 11% during the assessment period (2021-2031).
Why is China the Biggest Market for Conductive Plastic Compounds?
Asia is the largest region for the sale of these compounds. It holds more than quarter of market share of these compounds and the main contributing country for attaining highest market share is China.
China is the second-biggest economy in the world owing to the largest manufacturing industry. China is the largest exporter of goods due abundance availability of raw materials. The production in the automotive industry is rising and it will see huge growth in future and due to that sales of these compounds will positively be impacted by this growth.
China also have the biggest pharmaceutical industry in the world and the medical production of medical devices is also huge with the rise of these compounds is increasing in medical devices the sales of these compounds will see a growth in upcoming years.
The fastest-growing industry for the use of conductive plastic compounds is electrical and electronics. While China has the largest production for electronic and electrical devices in the world. Most of the electrical components and device are manufactured in China and the industry is projected to grow at a higher pace and this will increase the sale of conductive plastic compounds.
Another reason why China is the biggest region for manufacturing of these compounds is that the chemical and materials which are required for manufacturing these compounds are easily available in the region.
What are the Market Trends for Conductive Plastic Compounds in North American & European Countries?
Europe has the second-largest market for these compounds followed by North America holding the third dominant position. Countries in these regions have seen a slow growth rate as compared to countries in Asia.
Countries like the United States of America, France, Germany, Italy, the UK and others have seen relatively slower growth as most of these compounds are non-biodegradable and not eco-friendly. The governments in these countries have passed strict laws and regulation in the production of such compounds.
But with the automotive industries in these countries is on the rise, the sales of conductive plastic compounds will showcase a gradual upward trend. The electrical & electronics industry in these countries has been contributing vitally in their economies and is projected to show promising growth and which will provide relative thrust to the sales of these compounds.
Advancement in medical devices and as the use of conductive plastic compounds in medical industry is increasing the revenue generation for manufactures of these compounds is expected to gain higher sale from these countries.
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Which types of Resin and Filler Types are Commonly Used for Conductive Plastic Compounds?
These compound are made with various types of risen and most widely used are polyethylene, polypropylene, polyvinyl chloride, polystyrene, engineering plastics, thermoplastic elastomers, bioplastic and others. These all risen have different properties and based on the application this resin can be used efficiently.
Filler types of these compounds are carbon black, carbon fiber, carbon nanotubes metals and others (including graphite). These fillers are added to the resin to make resin conductive, fillers make it easier for electricity to pass through.
Nano filler based conductive plastic compound have seen an upward trend in demand as of recent years, this is because of it’s their physical properties. These Nano filler based compounds have good thermal and electrical conductivity and protect from electrostatic discharge making them more safety orientated and reliable. They find their exclusive application in fuel cells and heat exchangers.
Which Industries Have High Application of Conductive Plastic Compounds?
Conductive plastic compounds have application in various industries like building & construction, automotive, electric & electronics, packaging, industrial machinery, medical device and others.
In the building & construction industry demand for these compounds is rising constantly as they can be used in extreme temperatures, another impactful factor for mounting use of these compounds is because its cost-effective nature .
The use of conductive plastic compounds is also increasing in medical devices, as devices like artificial tissues & the prostate are seeing exclusive use of these compounds. Carbon nanotubes are being used for medical devices purpose, demand for carbon nanotube is expected to gain higher traction with the advancement in medical devices.
Moreover, electric and electronics industry will witness substantial growth for the sale of conductive plastic compounds. The compound itself doesn’t reach a high level of electrical conductivity but allows electronics devices and components for laptops and smartphones to reach highest conductivity. The electrical and electronics industry is projected to increase exceptionally and this will drive the sales of conductive plastic compounds.
Aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, introduction of new products, partnerships, acquisitions, and strengthening of regional and global distribution networks.
Similarly, recent developments related to companies manufacturing conductive plastic compounds have been tracked by the team at Fact.MR, which is available in the full report.
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Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Key Market Segments Covered
- Polyethylene Conductive Plastic Compounds
- Polypropylene Conductive Plastic Compounds
- Polyvinyl Chloride Conductive Plastic Compounds
- Polystyrene Conductive Plastic Compounds
- Engineering Plastics
- Polyethylene Terephthalate
- Acrylonitrile Butadiene Styrene
- Polybutylene Terephthalate
- Polyphenylene Oxide
- Polyoxymethylene Plastic
- Polyphenylene Sulfide
- Thermoplastic Elastomers
- High-impact Polystyrene
- Polyvinylidene Fluoride
By Filler Type
- Carbon Black
- Carbon Fiber
- Carbon Nanotubes
- Others (Including Graphite)
By End Use
- Conductive Plastic Compounds for Automotive
- Conductive Plastic Compounds for Electric & Electronics
- Conductive Plastic Compounds for Building & Construction
- Conductive Plastic Compounds for Medical Devices
- Conductive Plastic Compounds for Industrial Machinery
- Conductive Plastic Compounds for Packaging
- Others (Including Petrochemical & Mining)
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
Market for the conductive plastic compounds will have a remarkable CAGR of 11% at the end of the year 2031.
China is the biggest country for the sales of conductive plastic compounds as the country holds abundance of raw of material and advanced technology based manufacturing capabilities
Industries such as automotive, electrical & electronic, building and construction, packaging and others have use of conductive plastic compounds.
Fillers that are used in these compounds are carbon black, carbon fiber, carbon nanotubes, metals and others.
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