Thermally Conductive Plastics Market by Resin Type (Polyamide, PBT, PC, PPS, PEI), End-use Industry (Electrical & electronics, Automotive, Industrial, Aerospace, Healthcare), and Region - Global Forecast to 2021

 Published On: Apr, 2017 |    No of Pages: 132 |  Published By: MarketsandMarkets | Format: PDF
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The thermally conductive plastics market is projected to grow at a CAGR of 13.6% from 2016 to 2021, in terms of value

The thermally conductive plastics market is projected to reach USD 255.1 million by 2021, at a CAGR of 13.6% from 2016 to 2021. Strong focus on customization and design flexibility is a prime factor for the growth of market. Plastic materials are comparatively lighter than other alternative materials, such as metals and ceramics; are easy-to-handle, customize, and mold; and have higher scratch resistance, thermal stability, impact strength, and resistance to abrasions. These superior properties of TCPs are a key driver for the growth of the market in the coming years. The demand for smart electronics and technological advancements in the automotive industry is expected to boost the demand of TCPs during forecast period. However, comparatively lower thermal conductivity than traditional materials can restrain the growth of TCPs market during the forecast period. Fluctuating prices of raw materials and high cost complex production process are key challenges for the growth of the market.

Among end-use industries, the automotive segment is projected to be the fastest-growing segment of the market during the forecast period

Among end-use industries, the automotive segment is projected to be the fastest-growing segment of the market during the forecast period. Increasing demand for energy efficient lighting solutions, compact design, and lightweight automobiles are key factors expected to drive the demand for TCPs in the automotive segment. Furthermore, the use of thermally conductive plastics as metal replacements reduces weight of vehicles, increases performance, provides design flexibility, and thus reduces the overall costs. These factors are expected to contribute to the increasing consumption of TCPs in the automotive industry.

North America is projected to be the largest market for TCPs during the forecast period

The use of shale gas as a raw material to manufacture polymers has lowered TCP prices in the market and is expected to boost the regional demand in North America. The U.S. led the North America thermally conductive plastics market. The markets in emerging economies, such as China, India, and Mexico are also expected to witness rapid growth in the coming years.

The market sizes estimated in this study have been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into three categories:

• By Company Type- Tier 1-50%, Tier 2-33%, and Tier 3-17%
• By Designation- C Level-36%, Director Level-21%, and Others-43%
• By Region- North America-9%, Europe-27%, Asia-Pacific-55%, and Middle East, Africa & South America -9%

The report provides profiles of major market players, such as are Celanese Corporation (U.S.), Royal DSM N.V. (Netherlands), PolyOne Corporation (U.S.), SABIC group (Saudi Arabia), RTP Company (U.S.), Covestro AG (Germany), E. I. Du Pont de Nemours and Company (U.S.) and BASF SE (Germany), and competitive strategies adopted by them to strengthen their position in the market.

RESEARCH COVERAGE

The objective of the study is to define, describe, and forecast the market based on various segmentations and to strategically analyze the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In this report, the thermally conductive plastics market has been segmented based on resin type, end-use industry, and region.

REASONS TO BUY THE REPORT

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the TCPs market comprehensively and provides the closest approximations for sizes of all market segments and subsegments across different verticals and regions.
2. This report will help stakeholders in obtaining improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about expansions, new product developments, acquisitions, and partnerships, agreements & collaborations undertaken by the key players in the thermally conductive plastics market.
TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY SOURCES 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY SOURCES 18
2.1.2.1 Key data from primary sources 18
2.2 MARKET SIZE ESTIMATION 20
2.3 DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23
2.4.1 ASSUMPTIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 28
4.1 SIGNIFICANT OPPORTUNITIES IN THE TCP MARKET 28
4.2 TCP MARKET, BY END-USE INDUSTRY 28
4.3 TCP MARKET SHARE, BY REGION 29
4.4 TCP MARKET, BY RESIN TYPE 30

5 MARKET OVERVIEW 31
5.1 INTRODUCTION 32
5.2 MARKET SEGMENTATION 32
5.3 MARKET DYNAMICS 34
5.3.1 DRIVERS 35
5.3.1.1 Ease of customization and design flexibility 35
5.3.1.2 Development of smart electronics 35
5.3.1.3 Technological advancements in the automotive industry 36
5.3.2 RESTRAINTS 36
5.3.2.1 Comparatively lower thermal conductivity than traditional materials 36
5.3.2.2 Environmental pollution and stringent regulations 37
5.3.3 OPPORTUNITIES 37
5.3.3.1 Booming LED market in developing nations 37
5.3.3.2 Product innovation and continuous R&D 38
5.3.4 CHALLENGES 38
5.3.4.1 Fluctuating raw material prices 38
5.3.4.2 High cost and complex production process of TCP 38

6 INDUSTRY TRENDS 39
6.1 INTRODUCTION 39
6.2 VALUE CHAIN ANALYSIS 39
6.3 PORTER’S FIVE FORCES ANALYSIS 41
6.3.1 THREAT OF NEW ENTRANTS 42
6.3.2 BARGAINING POWER OF SUPPLIERS 42
6.3.3 THREAT OF SUBSTITUTES 43
6.3.4 BARGAINING POWER OF BUYERS 43
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 44

7 TCP MARKET, BY RESIN TYPE 45
7.1 INTRODUCTION 46
7.2 POLYAMIDE 47
7.3 POLYCARBONATE 48
7.4 POLYPHENYLENE SULFIDE 48
7.5 POLYBUTYLENE TEREPHTHALATE 49
7.6 POLYETHERIMIDE 49
7.7 OTHERS 49

8 TCP MARKET, BY END-USE INDUSTRY 50
8.1 INTRODUCTION 51
8.2 ELECTRICAL & ELECTRONICS 52
8.3 AUTOMOTIVE 53
8.4 INDUSTRIAL 54
8.5 HEALTHCARE 55
8.6 AEROSPACE 56
8.7 OTHERS 57

9 TCP MARKET, BY REGION 58
9.1 INTRODUCTION 59
9.2 NORTH AMERICA 60
9.2.1 U.S. 63
9.2.2 CANADA 64
9.2.3 MEXICO 65
9.3 EUROPE 66
9.3.1 GERMANY 68
9.3.2 ITALY 69
9.3.3 FRANCE 70
9.3.4 U.K. 71
9.3.5 NETHERLANDS 72
9.3.6 SPAIN 73
9.3.7 REST OF EUROPE 74
9.4 ASIA-PACIFIC 75
9.4.1 CHINA 79
9.4.2 JAPAN 80
9.4.3 INDIA 81
9.4.4 SOUTH KOREA 82
9.4.5 TAIWAN 83
9.4.6 INDONESIA 84
9.4.7 REST OF ASIA-PACIFIC 86
9.5 MIDDLE EAST & AFRICA AND SOUTH AMERICA 87

10 COMPETITIVE LANDSCAPE 90
10.1 OVERVIEW 90
10.2 MARKET SHARE ANALYSIS 91
10.3 COMPETITIVE SITUATION AND TRENDS 92
10.3.1 EXPANSIONS 94
10.3.2 NEW PRODUCT LAUNCHES & DEVELOPMENTS 96
10.3.3 AGREEMENTS, COLLABORATIONS & PARTNERSHIPS 97
10.3.4 ACQUISITIONS 98

11 COMPANY PROFILES 99 (Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 CELANESE CORPORATION 99
11.2 ROYAL DSM N.V. 102
11.3 POLYONE CORPORATION 105
11.4 SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 108
11.5 RTP COMPANY, INC. 110
11.6 BASF SE 111
11.7 COVESTRO AG (BAYER MATERIAL SCIENCE) 113
11.8 E. I. DU PONT DE NEMOURS AND COMPANY (DUPONT) 115
11.9 ENSINGER GMBH 117
11.10 KANEKA CORPORATION 118
11.11 OTHER PLAYERS 120

*Details might not be captured in case of unlisted companies.

12 APPENDIX 121
12.1 INSIGHTS FROM INDUSTRY EXPERTS 121
12.2 DISCUSSION GUIDE 122
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 126
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 128
12.5 AVAILABLE CUSTOMIZATIONS 129
12.6 RELATED REPORTS 129
12.7 AUTHOR DETAILS 130

LIST OF TABLES

TABLE 1 TCP MARKET, BY RESIN TYPE 32
TABLE 2 TCP MARKET, BY END-USE INDUSTRY 33
TABLE 3 THERMAL CONDUCTIVITY OF VARIOUS MATERIALS 37
TABLE 4 TCP MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD THOUSAND) 47
TABLE 5 TCP MARKET SIZE, BY RESIN TYPE, 2014–2021 (TON) 47
TABLE 6 TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 51
TABLE 7 TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 52
TABLE 8 TCP MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY MAJOR COUNTRY, 2014–2021 (USD THOUSAND) 53
TABLE 9 TCP MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY MAJOR COUNTRY, 2014–2021 (TON) 53
TABLE 10 TCP MARKET SIZE IN AUTOMOTIVE, BY MAJOR COUNTRY, 2014–2021 (USD THOUSAND) 54
TABLE 11 TCP MARKET SIZE IN AUTOMOTIVE, BY MAJOR COUNTRY, 2014–2021 (TON) 54
TABLE 12 TCP MARKET SIZE IN INDUSTRIAL, BY MAJOR COUNTRY, 2014–2021 (USD THOUSAND) 55
TABLE 13 TCP MARKET SIZE IN INDUSTRIAL, BY MAJOR COUNTRY, 2014–2021 (TON) 55
TABLE 14 TCP MARKET SIZE IN HEALTHCARE, BY MAJOR COUNTRY, 2014–2021 (USD THOUSAND) 55
TABLE 15 TCP MARKET SIZE IN HEALTHCARE, BY MAJOR COUNTRY, 2014–2021 (TON) 56
TABLE 16 TCP MARKET SIZE IN AEROSPACE, BY MAJOR COUNTRY, 2014–2021 (USD THOUSAND) 56
TABLE 17 TCP MARKET SIZE IN AEROSPACE, BY MAJOR COUNTRY, 2014–2021 (TON) 57
TABLE 18 TCP MARKET SIZE IN OTHER END-USE INDUSTRIES, BY MAJOR COUNTRY, 2014–2021 (USD THOUSAND) 57
TABLE 19 TCP MARKET SIZE IN OTHER END-USE INDUSTRIES, BY MAJOR COUNTRY, 2014–2021 (TON) 57
TABLE 20 TCP MARKET SIZE, BY REGION, 2014–2021 (USD THOUSAND) 60
TABLE 21 TCP MARKET SIZE, BY REGION, 2014–2021 (TON) 60
TABLE 22 NORTH AMERICA: TCP MARKET SIZE, BY COUNTRY, 2014–2021 (USD THOUSAND) 61
TABLE 23 NORTH AMERICA: TCP MARKET SIZE, BY COUNTRY, 2014–2021 (TON) 62
TABLE 24 NORTH AMERICA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 62
TABLE 25 NORTH AMERICA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 62
TABLE 26 MACROECONOMIC FACTORS OF KEY NORTH AMERICAN COUNTRIES 63
TABLE 27 U.S.: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 63
TABLE 28 U.S.: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 64
TABLE 29 CANADA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 64
TABLE 30 CANADA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 65
TABLE 31 MEXICO: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 65
TABLE 32 MEXICO: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 66
TABLE 33 EUROPE: TCP MARKET SIZE, BY COUNTRY, 2014–2021 (USD THOUSAND) 67
TABLE 34 EUROPE: TCP MARKET SIZE, BY COUNTRY, 2014–2021(TON) 67
TABLE 35 EUROPE: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 67
TABLE 36 EUROPE: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 68
TABLE 37 MACROECONOMIC FACTORS OF KEY EUROPEAN COUNTRIES 68
TABLE 38 GERMANY: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 69
TABLE 39 GERMANY: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 69
TABLE 40 ITALY: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 70
TABLE 41 ITALY: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 70
TABLE 42 FRANCE: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 71
TABLE 43 FRANCE: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 71
TABLE 44 U.K.: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 72
TABLE 45 U.K.: TCP MARKET SIZE, BY END-USE INDUSTRY,2014–2021 (TON) 72
TABLE 46 NETHERLANDS: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 73
TABLE 47 NETHERLANDS: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 73
TABLE 48 SPAIN: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 74
TABLE 49 SPAIN: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021(TON) 74
TABLE 50 REST OF EUROPE: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 75
TABLE 51 REST OF EUROPE: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 75
TABLE 52 ASIA-PACIFIC: TCP MARKET SIZE, BY COUNTRY, 2014–2021 (USD THOUSAND) 76
TABLE 53 ASIA-PACIFIC: TCP MARKET SIZE, BY COUNTRY, 2014–2021 (TON) 76
TABLE 54 ASIA-PACIFIC: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 78
TABLE 55 ASIA-PACIFIC: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 78
TABLE 56 MACROECONOMIC FACTORS OF KEY EUROPEAN COUNTRIES 78
TABLE 57 CHINA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 79
TABLE 58 CHINA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 79
TABLE 59 JAPAN: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 80
TABLE 60 JAPAN: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 81
TABLE 61 INDIA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 81
TABLE 62 INDIA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 82
TABLE 63 SOUTH KOREA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 82
TABLE 64 SOUTH KOREA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 83
TABLE 65 TAIWAN: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 84
TABLE 66 TAIWAN: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 84
TABLE 67 INDONESIA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 85
TABLE 68 INDONESIA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 85
TABLE 69 REST OF ASIA-PACIFIC: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 86
TABLE 70 REST OF ASIA-PACIFIC: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 87
TABLE 71 MIDDLE EAST & AFRICA AND SOUTH AMERICA: TCP MARKET SIZE, BY REGION,  2014–2021 (USD THOUSAND) 88
TABLE 72 MIDDLE EAST & AFRICA AND SOUTH AMERICA: TCP MARKET SIZE, BY REGION,  2014–2021 (TON) 88
TABLE 73 MIDDLE EAST & AFRICA AND SOUTH AMERICA: TCP MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD THOUSAND) 89
TABLE 74 MIDDLE EAST & AFRICA AND SOUTH AMERICA: TCP MARKET SIZE,  BY END-USE INDUSTRY, 2014–2021 (TON) 89
TABLE 75 EXPANSIONS, 2012–2017 94
TABLE 76 NEW PRODUCT LAUNCHES & DEVELOPMENTS, 2012–2017 96
TABLE 77 AGREEMENTS, COLLABORATIONS & PARTNERSHIPS, 2012–2017 97
TABLE 78 ACQUISITIONS, 2012–2017 98

LIST OF FIGURES

FIGURE 1 TCP: MARKET SEGMENTATION 14
FIGURE 2 TCP MARKET: RESEARCH DESIGN 16
FIGURE 3 KEY INDUSTRY INSIGHTS 19
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 19
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 20
FIGURE 6 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 21
FIGURE 7 TCP MARKET: DATA TRIANGULATION 22
FIGURE 8 POLYAMIDE TO BE THE LARGEST RESIN TYPE BETWEEN 2016 AND 2021 25
FIGURE 9 ELECTRICAL & ELECTRONICS TO LEAD THE TCP MARKET IN 2015 25
FIGURE 10 ASIA-PACIFIC TO BE THE FASTEST-GROWING MARKET DURING FORECAST PERIOD 26
FIGURE 11 ATTRACTIVE OPPORTUNITIES IN TCP MARKET BETWEEN 2016 AND 2021 28
FIGURE 12 ELECTRICAL & ELECTRONICS TO ACCOUNT FOR THE LARGEST MARKET SHARE, 2014–2021 28
FIGURE 13 NORTH AMERICA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2015 29
FIGURE 14 POLYAMIDE TO DOMINATE THE MARKET BETWEEN 2016 AND 2021 30
FIGURE 15 EASE OF CUSTOMIZATION AND DESIGN FLEXIBILITY TO DRIVE THE TCP MARKET DURING THE FORECAST PERIOD 34
FIGURE 16 VALUE CHAIN ANALYSIS OF TCP MARKET 39
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS 41
FIGURE 18 POLYCARBONATE TO BE THE FASTEST-GROWING RESIN TYPE DURING THE FORECAST PERIOD 46
FIGURE 19 AUTOMOTIVE TO BE THE FASTEST-GROWING END-USE INDUSTRY DURING FORECAST PERIOD 51
FIGURE 20 REGIONAL SNAPSHOT: RAPIDLY GROWING MARKETS ARE EMERGING AS NEW HOTSPOTS 59
FIGURE 21 NORTH AMERICA MARKET SNAPSHOT: U.S. IS THE KEY TCP MARKET 61
FIGURE 22 ASIA-PACIFIC MARKET SNAPSHOT: CHINA, MALAYSIA, AND INDIA ARE THE MOST LUCRATIVE MARKETS 77
FIGURE 23 MIDDLE EAST & AFRICA AND SOUTH AMERICA ARE THE SECOND-FASTEST GROWING MARKETS, 2016–2021 88
FIGURE 24 COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY BETWEEN 2012 AND 2017 90
FIGURE 25 CELANESE CORPORATION DOMINATED THE TCP MARKET IN 2015 91
FIGURE 26 MAXIMUM NUMBER OF DEVELOPMENTS WERE WITNESSED IN 2012 92
FIGURE 27 EXPANSION WAS THE KEY STRATEGY ADOPTED BETWEEN 2012 AND 2017 93
FIGURE 28 CELANESE CORPORATION: COMPANY SNAPSHOT 99
FIGURE 29 CELANESE CORPORATION: SWOT ANALYSIS 101
FIGURE 30 ROYAL DSM N.V.: COMPANY SNAPSHOT 102
FIGURE 31 ROYAL DSM N.V.: SWOT ANALYSIS 104
FIGURE 32 POLYONE CORPORATION: COMPANY SNAPSHOT 105
FIGURE 33 POLYONE CORPORATION: SWOT ANALYSIS 107
FIGURE 34 SABIC: COMPANY SNAPSHOT 108
FIGURE 35 SABIC: SWOT ANALYSIS 109
FIGURE 36 BASF SE: COMPANY SNAPSHOT 111
FIGURE 37 COVESTRO AG: COMPANY SNAPSHOT 113
FIGURE 38 E. I. DU PONT DE NEMOURS AND COMPANY: COMPANY SNAPSHOT 115
FIGURE 39 KANEKA CORPORATION: COMPANY SNAPSHOT 118

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