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Conductive Plastic Compounds Market: By Resin Type, By Filler Type ), By End User ) and Geography
Conductive Plastic Compounds Market: By Resin Type, By Filler Type ), By End User ) and Geography
Conductive Plastic Compounds Market size was valued at US$ 1.2 billion in 2022 and is poised to grow at a CAGR of 7.8% from 2023-2029. Some of the key factors propelling 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. This market is surging owing to frequent acquisitions and launchings by the market players. 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.
Study Period
2024-2030Base Year
2023CAGR
7.8%Largest Market
APACFastest Growing Market
Europe
The electronics manufacturing landscape is changing. Manufacturing equipment is crucial for ensuring the quality of any electronic device or component. The electronics manufacturing industry has changed dramatically over the past several years, and those changes show no signs of slowing down soon. The ever increasing complexity of electronic assemblies and the miniaturization of components have enhanced the demand for advanced and reliable manufacturing equipment. The demand for electronics continues to rise, driven by several different factors, including the growing use of electronic devices in daily life, shorter product life cycles, and technological advancements in diverse industries such as consumer, industrial and automotive electronics. Electric and electronic products have gained increasing importance in a number of end-use industries. Increase in production of such high quality electric and electronic components is likely to expand the demand for plastic compounds in the near future.
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.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1.2 billion |
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Market CAGR |
7.8% |
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By Resin Type |
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By Filler Type |
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By End User |
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The conductive plastic compounds market is projected to expand at a CAGR of 7.8% during the forecast period.
BASF SE, Schulman, Adell PlasticsInc, Coperion K Tron, DowDuPont Inc., LyondellBasell Industries Holdings B.V.
Europe is the fastest-growing region for the conductive plastic compounds market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.