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Conductive Plastic Compounds Market Report 2024: Strategies And Recent Developments | Adell Plastics Inc., BASF SE, Coperion GmbH, Dow Inc., LyondellBasell Industries Holding BV, Mexichem Specialty Compounds Inc., Polyvision Corporation
Conductive Plastic Compounds Market Trends
The Business Research Company offers in-depth market insights through Conductive Plastic Compounds Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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..
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Market Segmentation:
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
Major Driver - Automotive Industry Boom Fuels Growth In Conductive Plastic Compounds Market
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.
Competitive Landscape:
Major companies operating in the conductive plastic compounds market report are Adell Plastics Inc., BASF SE, Coperion GmbH, Dow Inc., LyondellBasell Industries Holding BV, Mexichem Specialty Compounds Inc., Polyvision Corporation, Ravago Holdings SA, RTP Company, Saudi Basic Industries Corporation, Sojitz Corporation, Celanese Corporation, Koninklijke DSM N.V., Agenzia Chimica Italiana SpA, A.Schulman Inc., Royal DSM, Borealis AG, Covestro AG, Solvay SA, PolyOne Corporation, Mitsubishi Chemical Corporation, Sumitomo Chemical Company Limited, LG Chem Ltd., Teijin Limited, Toray Industries Inc., Asahi Kasei Corporation, Arkema SA, DSM Engineering Plastics, Ensinger GmbH, Quadrant AG .
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Top Trend - Advancements In Conductive Plastic Compounds For Enhanced Automotive Safety And Performance
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 Table Of Content For The Market Report Include:
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. Conductive Plastic Compounds Market Size And Growth
…..
27. Conductive Plastic Compounds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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