Conductive Compounds Market

Conductive Compounds Market Size, Share, Trends & Forecast (2021 - 2026)

The size and share of the Conductive Compounds Market is estimated to grow tremendously in the review period of 2021 - 2026.

Conductive compounds are specially designed to establish an electric or thermally conductive path between components. These compounds play an important role in many industries so as to prevent static electricity. The characteristics of the conductive compounds vary with the type of material forms and material systems. These materials are more effective than metals or surfactant coatings. Filler material like chopped fiber, carbon powder, or graphite powder can be added to the composition which produces effective final products. These products have high viscosity and can also absorb water.

Driving Factors

Increasing priority to manufacture desired products effectively is the key driving factor for the market to grow. Also, conductive compounds are highly applicable in the electrical & electronics industry for electromagnetic protection is accelerating the growth of the market. The growing tendency for lightweight products is prompting the demand of the market to the extent. In addition, rising support from the government through investments is fueling the growth of the conductive compounds market.

Major Challenges

However, frequent changes in economic strategies are slowly impeding the demand of the market. The dearth of skilled persons in manufacturing required finished products is also hampering the growth rate of the market. Rising risk due to negligence in following proper precautions is remained as challenging factor for the market growth.

Growth Opportunities

Growing focus on utilizing eco-friendly materials in every application is setting up growth opportunities for the market. The rise in the awareness towards the addition of fillers in the composition is likely to outshine the growth of the market. The increasing scale of end-user industries is additionally propelling the demand of the market. These products are also applicable in various applications due to its cost-effectiveness and also are highly effective in manufacturing specific products. This is creating chances for the market to move extensively.

REPORT COVERAGE

This research report on Global Conductive Compounds Market has been segmented and sub-segmented into the following categories and analyzed market size & forecast until 2024.

Conductive Compounds Market – By Resin Type

• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Polyamide
• Engineering Plastics
  • Polycarbonate
  • Polyethylene Terephthalate
  • Acrylonitrile Butadiene Styrene
  • Polybutylene Terephthalate
• Thermoplastic
• Elastomers
• Bio-plastics
• Others (including High Impact Polystyrene and Polyvinylidene Fluoride)

In the resin type segmentation of the plastic compounds market, the polyamide segment is holding a massive share of the business. The growth of this segment in the market owes to the increased use of these resin types which is replacing a wide variety of metals because of the better proper-ties such as impact resistance, high-temperature resistance, abrasion resistance, excellent balance of strength, resistant to bases, and heat conductivity. Also, this resin type is estimated to play a vital role in various end-use industries in the forecast period.

Conductive Compounds Market – By Application

• Chemical
• Battery
• Others

Conductive Compounds Market – By End-use

• Automotive & Transportation
• Electrical & Electronics
• Building & Construction
• Consumer Goods & Appliances
• Industrial Applications
• Medical
• Others (including Packaging, Petrochemical, and Mining)

Conductive Compounds Market – By Region

• North America - US, Canada, Mexico and Rest of North America
• Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
• APAC - India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
• Latin America - Brazil, Argentina, Chile and Rest of Latin America
• Middle East and Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, the market is held by North America by owing to the quick adoption of the latest technologies and also launch of innovative products. Also, the increasing economy in almost every country is elevating the demand of the market. Asia pacific is following North America in holding prominent shares of the market with the growing scale of electrical and electronics industries. Europe is witnessed in having the fastest growth rate form the past decade and is also anticipated to have the highest CAGR in foreseen years. Shifting trend towards lightweight materials rather than heavy materials in every end-user industry is magnifying the growth rate of the conductive compounds market.

Major Companies Leading in the Global Conductive Compounds Market as per the Research Report are

Digi-Key Electronics, Epoxy Technology Alpha Assembly Solutions, Henkel, R. S. Hughes, OMEGA Engineering, Sherwin-Williams Protective and Marine Coatings, Master Bond, Wacker Chemical, Thermon Manufacturing, Applied Industrial Technologies, ELANTAS PDG, Fujipoly America, Indium Corporation, Richardson RFPD, RS Components, Sanchem, Can-Do National Tape and Acrola.