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The Business Research Company’s Conductive Plastic Compounds Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LANDON, GREATER LANDON, UNITED KINGDOM, September 30, 2024 /EINPresswire.com/ — The conductive plastic compounds market has experienced robust growth in recent years, expanding 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.
What Is The Estimated Market Size Of The Global Conductive Plastic Compounds Market And Its Annual Growth Rate?
The conductive plastic compounds market is projected to continue its strong growth, reaching $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.
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Growth Driver Of The Conductive Plastic Compounds Market
The growing demand in construction activities is expected to propel the growth of the conductive plastic compounds market going forward. Construction activities refer to the various tasks and operations involved in the process of constructing, renovating, or building structures such as buildings, infrastructure, and facilities. Conductive plastic compounds are used in construction activities to create anti-static flooring systems that prevent the buildup of static electricity, protect sensitive electronic equipment, and ensure a safe working environment in buildings.
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Which Market Players Are Driving The Conductive Plastic Compounds Market Growth?
Key players in the market include 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.
What Are The Emerging Trends Shaping The Conductive Plastic Compounds Market Size?
Major companies operating in the conductive plastic compounds market are focusing on bio-based conductive plastic compounds to sustain their position in the market. Bio-based conductive plastic compounds are environmentally friendly polymer blends derived from renewable resources, exhibiting electrical conductivity and suitability for various applications in sustainable electronics and manufacturing.
How Is The Global Conductive Plastic Compounds Market 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
Geographical Insights: Asia-Pacific Leading The Conductive Plastic Compounds Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Conductive Plastic Compounds Market Definition
Conductive plastic compounds are engineered materials that are packed with conductive additives to achieve a certain quantity of electricity, conductive polymers by adding carbon fillers like carbon black, graphite, and other conductive materials. Uses of conductive plastic compounds include metal alternatives, detection sensors, heating elements, air purifiers, dust suppression, among others.
Conductive Plastic Compounds Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global conductive plastic compounds market report covering trends, opportunities, strategies, and more
The Conductive Plastic Compounds Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on conductive plastic compounds market size, conductive plastic compounds market drivers and trends and conductive plastic compounds market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Oliver Guirdham
The Business Research Company
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