Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Conductive Plastic Compounds Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The global conductive plastic compounds market is poised for rapid expansion, with current evaluations forecasting an increase to USD 19.37 billion by 2028. This growth is largely propelled by burgeoning demand across various sectors including automotive, electronics, and construction.
Innovations in the automotive industry, notably the surge in electric and hybrid vehicles, alongside technological advancements in flexible electronics, are key drivers of this upsurge. With a notable compound annual growth rate (CAGR) of 12.0% from now until 2028, the market landscape is undergoing a transformative phase. An anticipated increase in infrastructure and urban development initiatives worldwide accentuates the need for conductive plastic compounds, which are integral in applications such as antistatic flooring systems.
Technological Advances and Environmental Sustainability Powering Conductive Plastic Compounds Market Growth
Momentum in the conductive plastic compounds market is significantly influenced by technological innovation and the enhanced focus on sustainable materials. New developments in material engineering and a heightened emphasis on environmental sustainability are catalyzing changes in market dynamics. Key industry players are redirecting their efforts towards bio-based conductive plastic compounds, further supporting the green movement within the industry.
Asia-Pacific has emerged as the largest region in the market due in part to its robust manufacturing sector and expanding technological infrastructure. The global shift towards renewable energy and the integration of Internet of Things (IoT) technologies are also contributing to the market's expansion, particularly in this dynamic region.
Industry Players Making Strategic Advances
Major corporations in the conductive plastic compounds sector are taking significant steps to reinforce their positions through strategic developments and innovations. Pioneering nanomaterial applications and eco-friendly polymer solutions are among the most noteworthy advancements, igniting interest across various industries.
- Technological innovations that bolster material properties and enhance the production process are gaining traction.
- Strategic acquisitions and partnerships among leading market players aim to leverage cutting-edge technology and market opportunities.
- The development of bio-based compounds is one of the most salient trends, manifesting the industry's commitment to sustainability.
The array of resin types such as polyethylene, polypropylene, and engineering plastics, among others, are broadening the scope of applicability for conductive plastic compounds. This is reflecting in heightened utilization across key industries ranging from medical devices to automotive manufacturing.
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/eeg3ie
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