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Thermally Conductive Plastics Market to Reach USD 326.1 Million By 2026
The growth of the market is driven by the increasing demand for plastics in the manufacturing of LED
Lights, lightweight heat sinks, electric vehicles, medical devices, and lightweight automotive vehicles.
Market Size – USD 174.1 million in 2018, Market Growth - CAGR of 7.8%, Market Trends – Technological
advancements in the automotive industry and the evolution of smart electronics.
The Thermally Conductive Plastics (TCPs) Market is forecasted to grow from USD 174.4 Million in 2018 to
USD 326.1 Million by 2026, at a CAGR of 7.8%, during the forecast period. Increasing demand for plastics
in the manufacture of LED lights, lightweight heat sinks, electric vehicles, medical devices, and lightweight
automotive vehicles is driving market growth.
Due to the strong presence of thermally conductive plastic manufacturers in the region, North America
has a significant share in the market. Similarly, in the forecast period, Latin America and Europe are also
emerging regions and are expected to experience remarkable growth, during the forecast period.
New product developments, expansions, acquisitions and agreements, collaborations and partnerships
were the major growth strategies that market players adopted to increase their regional presence and
meet the growing demand for TCPs in emerging economies
Further key findings from the report suggest
The Thermally Conductive Plastics (TCPs) Market is forecasted to grow from USD 174.4 Million in
2018 to USD 326.1 Million by 2026, at a CAGR of 7.8%, during the forecast period. Increasing
demand for plastics in the manufacture of LED lights, lightweight heat sinks, electric vehicles,
medical devices, and lightweight automotive vehicles is driving market growth.
The market for electrical & electronics is expected to grow the largest at USD 84.4 Million in 2026,
at a CAGR of 8.3% during the forecast period. TCPs are used in connectors, mounting devices, heat
sinks, cooling parts, interface materials, enclosures, and cooling systems. The global market for
thermally conductive plastics is driven by the increased demand for smart systems in end-user
industries such as electrical and electronics and automotive. Rising preference of the global
consumer to light-weight products is also stimulating growth for the market.
The market for lightning systems, by application, will hold largest market and is expected to reach
USD 157.2 Million in 2026, at a CAGR of 8.7%. The worldwide market is driven by increasing
demand for smart street lighting solutions. Other factors, such as the development of new
wireless technology and the growing need for energy efficiency, also contributed to market
growth.
The market for Polyamide, by type, will hold largest market and is expected to reach USD 67.2
Million in 2026, at a CAGR of 8.8%, during the forecast period. Because of its superior properties
such as impact resistance, high temperature resistance, abrasion resistance, excellent balance of
strength, resistance to bases and heat conductivity, polyamide rapidly replaces metals in various
applications.
The market for Asia Pacific (APAC) is expected to reach USD 101.1 Million in 2026, at the highest
CAGR of 8.6%, during the forecast period. Because of high disposable income and rising living
standards in the region, demand for smart electronics and electric vehicles is expected to increase
over the forecast period.
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