The Conductive Plastic Compounds by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Conductive Plastic Compounds , The conductive plastic compounds market size has grown rapidly in recent years. It will grow from $10.94 billion in 2023 to $12.32 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to electronics industry growth, miniaturization of electronic devices, expanding automotive sector, growing telecommunications sector, increased renewable energy applications, regulatory compliance.
The conductive plastic compounds market size is expected to see rapid growth in the next few years. It will grow to $19.37 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to electric and hybrid vehicles, flexible electronics, medical device innovations, urbanization and infrastructure development, increased focus on sustainable materials.. Major trends in the forecast period include customization and material engineering, collaborations in research and development, advancements in internet of things (iot), integration in 5g technology, 3d printing applications.
Rise in production of automobiles is expected to drive the growth of the conductive plastic compounds market going forward. Automobiles, also referred to as motorcars or cars, are made up of fundamental mechanical components and systems primarily used for transporting people and powered by internal combustion engines that include the fuel supply system, braking system, steering system, cooling system, and exhaust system, among others. Due to rapid industrialization, the automotive sector has transformed into a fully-fledged industrial manufacturing sector with a higher production capacity. There has been a significant investment in the manufacturing sector, which has led to a rise in the production of automobiles. For instance, according to the Bayerische Motoren Werke AG (BMW), a Germany-based manufacturer of luxury vehicles and motorcycles, in January 2022, BMW Manufacturing set a new benchmark for production with the manufacture of 433,810 BMW X automobiles in 2021. Therefore, the rise in production of automobiles is expected to propel the growth of the conductive plastic compounds market in the coming years.
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The conductive plastic compounds market covered in this report is segmented –
1) By Resin Type: Polyethylene, Polypropylene, Polyvinyl Chloride (PVC), Polystyrene, Engineering Plastics, Thermoplastic Elastomers, Bioplastics
2) By Filler Type: Carbon Black, Carbon Fibers, Carbon Nanotubes, Metals
3) By End-Use Industry: Automotive, Electrical And Electronics, Building And Construction, Packaging, Industrial Machinery, Medical Devices
Technological innovation is a key trend that is gaining popularity in the conductive plastic compounds market. Major companies operating in the market are focused on research and development for technological innovations to offer additional benefits and assist in a better yield. Such product innovations enable companies to gain a competitive edge in the market. For instance, in January 2022, OCSiAl, a Luxembourg-based nanotechnology company specialising in conductive and reinforced plastics, launched a new graphene nanotube concentration for polyamide (PA), filled PPS, ABS, TPU, and polycarbonate (PC). graphene nanotube concentration could be utilised in electrically conductive thermoplastic items without sacrificing the overall mechanical performance or durability of the final product, which is essential for enhancing tracking and safety systems in automobiles.
The conductive plastic compounds market report table of contents includes:
1. Executive Summary
2. Conductive Plastic Compounds Market Characteristics
3. Conductive Plastic Compounds Market Trends And Strategies
4. Conductive Plastic Compounds Market – Macro Economic Scenario
5. Global Conductive Plastic Compounds Market Size and Growth
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26. South America Conductive Plastic Compounds Market
27. Brazil Conductive Plastic Compounds Market
28. Middle East Conductive Plastic Compounds Market
29. Africa Conductive Plastic Compounds Market
30. Conductive Plastic Compounds Market Competitive Landscape And Company Profiles
Top Major Players:
- Adell Plastics Inc
- BASF SE
- Coperion GmbH
- Dow Inc
- LyondellBasell Industries Holding BV
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