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Global Thermal Conductive Polymer Material Market to reach USD 365.11 million by the end of 2030.

Global Thermal Conductive Polymer Material Market Size Study & Forecast, by Type (Polyamide, Polybutylene Terephthalate, Polycarbonate, Polyphenylene Sulfide, Polyetherimide, Others), by Application (Electrical & Electronics, Industrial, Automotive, Healthcare, Aerospace, Others), and Regional Analysis, 2023-2030

Product Code: CMPP-43180558
Publish Date: 10-09-2023
Page: 200

Global Thermal Conductive Polymer Material Market is valued at approximately USD 139.3 million in 2022 and is anticipated to grow with a healthy growth rate of more than 12.8% over the forecast period 2023-2030. Thermal conductive polymer materials, also known as thermally conductive polymers or thermal interface materials (TIMs), are a type of material that exhibits both thermal insulation and thermal conductivity properties. These materials are specifically designed to enhance thermal management and heat dissipation in electronic devices, power modules, and other applications where efficient heat transfer is crucial. The Thermal Conductive Polymer Material Market is expanding because of factors such as the rising demand for lightweight and cost-effective materials, increasing demand for efficient thermal management, and surging applications in emerging industries.

In addition, the increasing demand due to the expanding electric vehicle industry is acting as a catalyzing factor for market growth across the globe. The growing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) requires effective thermal management solutions to dissipate heat generated by high-power batteries, electric motors, and power electronics. Thermal conductive polymer materials are used to enhance thermal performance and reliability of EV components, thereby supporting the expansion of the electric vehicle market. According to International Energy Agency (IEA), in 2020, the number of electric vehicles sold in the United States was 295,7000 and the number increased significantly and reached 631,000 in 2021. As a result, the rising demand for EVs is anticipated to propel the market growth. Thus, these aforementioned factors are propelling the growth of the Thermal Conductive Polymer Material Market during the estimated period. Moreover, the growing focus on emphasis on energy efficiency and sustainability, as well as the growth of electronic and electrical industries present various lucrative opportunities over the forecast years. However, the lack of thermal properties and processing difficulties due to the moldability and flowability of thermal conductive polymer materials are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Thermal Conductive Polymer Material Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the high adoption rate of thermally conductive polymers, growing focus on research & development activities, and presence of leading manufacturerssuch as RTP Company, Avient Corporation (PolyOne Corporation), and DuPont. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rapid industrial expansion, growing charging infrastructure, and flourishing growth of the electronics industry are significantly propelling the market demand across the region.

Major market players included in this report are:
SABIC (Saudi Arabia)
RTP Company (U.S.)
Avient Corporation (U.S.)
Celanese Corporation (U.S.)
Covestro AG (Germany)
DSM (Netherlands)
MITSUBISHI ENGINEERING-PLASTICS CORPORATION (Japan)
HELLA GmbH & Co. KGaA (Germany)
TORAY INDUSTRIES, INC. (Japan)
DuPont (U.S.)

Recent Developments in the Market:
Ø In December 2022, The Ensinger PolyTech, Inc- a group subsidiary announced the acquisition of the assets of Poly-Tech Industrial, Inc., which comprises a production facility and high-performance material knowledge. The aim of this acquisition is to boost the company’s production capacity.
Ø In September 2022, X2F announced the company’s a collaborative agreement with Covestro AG to develop a thermally conductive automotive heat-sink with in-mold electronics by utilizing X2F’s transformative controlled viscosity molding technology as new heat-sink capacity, molded of Makrolon polycarbonate (PC) is approximately half as heavy as the typical aluminum part.

Global Thermal Conductive Polymer Material Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Polyamide
Polybutylene Terephthalate
Polycarbonate
Polyphenylene Sulfide
Polyetherimide
Others

By Application:
Electrical & Electronics
Industrial
Automotive
Healthcare
Aerospace
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Thermal Conductive Polymer Material Market, by Region, 2020-2030 (USD Million)
1.2.2. Thermal Conductive Polymer Material Market, by Type, 2020-2030 (USD Million)
1.2.3. Thermal Conductive Polymer Material Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermal Conductive Polymer Material Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermal Conductive Polymer Material Market Dynamics
3.1. Thermal Conductive Polymer Material Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for efficient thermal management
3.1.1.2. Expanding electric vehicle industry
3.1.2. Market Challenges
3.1.2.1. Lack of thermal properties
3.1.2.2. Processing Difficulties due to the moldability and flowability of thermal conductive polymer materials
3.1.3. Market Opportunities
3.1.3.1. Growing focus on emphasis on energy efficiency and sustainability
3.1.3.2. Development of electronic and electrical industries
Chapter 4. Global Thermal Conductive Polymer Material Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Thermal Conductive Polymer Material Market, by Type
5.1. Market Snapshot
5.2. Global Thermal Conductive Polymer Material Market by Type, Performance – Potential Analysis
5.3. Global Thermal Conductive Polymer Material Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Thermal Conductive Polymer Material Market, Sub Segment Analysis
5.4.1. Polyamide
5.4.2. Polybutylene Terephthalate
5.4.3. Polycarbonate
5.4.4. Polyphenylene Sulfide
5.4.5. Polyetherimide
5.4.6. Others
Chapter 6. Global Thermal Conductive Polymer Material Market, by Application
6.1. Market Snapshot
6.2. Global Thermal Conductive Polymer Material Market by Application, Performance – Potential Analysis
6.3. Global Thermal Conductive Polymer Material Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Thermal Conductive Polymer Material Market, Sub Segment Analysis
6.4.1. Electrical & Electronics
6.4.2. Industrial
6.4.3. Automotive
6.4.4. Healthcare
6.4.5. Aerospace
6.4.6. Others
Chapter 7. Global Thermal Conductive Polymer Material Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Thermal Conductive Polymer Material Market, Regional Market Snapshot
7.4. North America Thermal Conductive Polymer Material Market
7.4.1. U.S. Thermal Conductive Polymer Material Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Thermal Conductive Polymer Material Market
7.5. Europe Thermal Conductive Polymer Material Market Snapshot
7.5.1. U.K. Thermal Conductive Polymer Material Market
7.5.2. Germany Thermal Conductive Polymer Material Market
7.5.3. France Thermal Conductive Polymer Material Market
7.5.4. Spain Thermal Conductive Polymer Material Market
7.5.5. Italy Thermal Conductive Polymer Material Market
7.5.6. Rest of Europe Thermal Conductive Polymer Material Market
7.6. Asia-Pacific Thermal Conductive Polymer Material Market Snapshot
7.6.1. China Thermal Conductive Polymer Material Market
7.6.2. India Thermal Conductive Polymer Material Market
7.6.3. Japan Thermal Conductive Polymer Material Market
7.6.4. Australia Thermal Conductive Polymer Material Market
7.6.5. South Korea Thermal Conductive Polymer Material Market
7.6.6. Rest of Asia Pacific Thermal Conductive Polymer Material Market
7.7. Latin America Thermal Conductive Polymer Material Market Snapshot
7.7.1. Brazil Thermal Conductive Polymer Material Market
7.7.2. Mexico Thermal Conductive Polymer Material Market
7.8. Middle East & Africa Thermal Conductive Polymer Material Market
7.8.1. Saudi Arabia Thermal Conductive Polymer Material Market
7.8.2. South Africa Thermal Conductive Polymer Material Market
7.8.3. Rest of Middle East & Africa Thermal Conductive Polymer Material Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. SABIC (Saudi Arabia)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. RTP Company (U.S.)
8.3.3. Avient Corporation (U.S.)
8.3.4. Celanese Corporation (U.S.)
8.3.5. Covestro AG (Germany)
8.3.6. DSM (Netherlands)
8.3.7. MITSUBISHI ENGINEERING-PLASTICS CORPORATION (Japan)
8.3.8. HELLA GmbH & Co. KGaA (Germany)
8.3.9. TORAY INDUSTRIES, INC. (Japan)
8.3.10. DuPont (U.S.)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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