World News: 13:40 GMT Wednesday 17th April 2019. [CMI via Globe Newswire via SPi World News]
SEATTLE, April 17, 2019 (GLOBE NEWSWIRE) -- The global thermally conductive polymers market was valued at US$ 141.8 million in 2018 and is projected to exhibit a CAGR of 13.1% over the forecast period (2019–2027).
Thermally conductive polymers find application in the electrical & electronics industry. Significant growth in the electrical & electronics industry is fueling demand for thermally conductive polymers. For instance, according to India Brand Equity Foundation report on Electronics, June 2017, the electronics market in India is expected to witness a CAGR of 41.4% to reach US$ 400 billion by 2020 from US$ 100 billion in 2016.
Key market players are focused on offering polymer composites that cater to customer’s precise requirements. Metals and carbon based-fillers increase both thermal and electrical conductivity in polymers. Therefore, companies are focused on using fillers such as graphite that offer both thermal as well as electrical conductivity.
Furthermore, key players in the market are focused on enhancing consumer base and global footprint by adopting strategies such as mergers and acquisitions. For instance, in June 2018, PolyOne Corporation, a provider of specialized polymer materials, announced acquisition of PlastiComp, an advanced engineered materials innovator and producer of specialty composites. PlastiComp's design and production facility in Winona, U.S. will join PolyOne Corporation as part of the Specialty Engineered Materials segment, which is expected to expand PolyOne Corporation’s production capacity.
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Globe Newswire: 13:40 GMT Wednesday 17th April 2019
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