The global conductive plastic compounds market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key factors for the market growth include increasing manufacturing of electric components and electronic equipment, growing popularity for miniaturization in electronics, electrical engineering, communications engineering, and automotive engineering industries, advancement in filler material technology, increasing research programs coupled with government initiatives on plastic compounds and high growth in emerging economies.
Global conductive plastic compounds market segmented on the basis of resin type, filler type, end user and region.
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Polystyrene Dominate the Global Conductive Plastic Compounds Market
Based on resin type, global conductive plastic compounds market segmented into polyvinyl chloride, polystyrene, polypropylene, polyethylene, engineering plastics, bio-plastics, elastomers, thermoplastic and others. Polystyrene held considerable market share during forecast period. Conductive materials are required for the manufacture of sensitive electrical and electronic components. Conductive Polystyrene is a carbon black filled thermoplastic compound that has low electrical resistivity combined with an excellent balance of mechanical properties that make it easy to extrude and thermoform.
Asia Pacific Leads the Global Conductive Plastic Compounds market
PBI’s global conductive plastic compounds market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global conductive plastic compounds market with considerable CAGR. The growth in this region is due to existence of large automotive component manufacturers, electrical & electronic device manufacturers and existence of various small domestic plastic compound manufacturer. Also, China is the major contributor for the market growth in this region as it is the producer of plastic compounds. In addition, North America held considerable market share during estimated period owing to ongoing research & development activities among universities and plastic converters & compounders.
Strategic Expansions are the key strategies adopted by market players
Global conductive plastic compounds market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, in Jun 2018, BASF expanded its business by opening a new application center for plastic additives in Kaisten. The new application center serves as the regional technical support base for customers for applications such as polymer production, master batch and leading players in the converting industry but is also the global competency center for the automotive as well as the film and tape industry.
Key player’s profiles in the report are BASF SE, A.Schulman, Adell PlasticsInc, Coperion K Tron, DowDuPont Inc., LyondellBasell Industries Holdings B.V., Mexichem Specialty Compounds Inc., Polyvisions Inc, Ravago, RTP Company, SABIC and Sojitz Corporation..
Precision Business Insights (PBI) in its report titled “Global Conductive Plastic Compounds Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Resin Type
o Polyvinyl Chloride
o Engineering Plastics
• Polyethylene Terephthalate
• Acrylonitrile Butadiene Styrene
• Polybutylene Terephthalate
By Filler Type
o Carbon Black
o Carbon Fibers
o Carbon Nanotubes
o Others (including Graphite)
By End User
o Automotive & Transportation
o Building & Construction
o Consumer Goods & Appliances
o Electrical & Electronics
o Industrial Applications
o Others (Packaging and Petrochemical Mining)
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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