Global Markets for Conductive Compounds Report with CAGR Projections to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 2, 2020--
The “Conductive Compounds: Global Markets” report has been added to ResearchAndMarkets.com’s offering.
Demand for conductive compounds is expected to rise rapidly during next few years. Conductive compounds are designed to set up an electrical or thermally conductive path between components. In many sectors, these substances play an important role for avoiding static electricity. Conductive compounds characteristics vary with the type of material shapes and material systems. These materials are more effective than metals or coatings with surfactants. The composition that creates active final products can be applied to filler material such as chopped fiber, carbon powder or graphite powder. Such materials are extremely viscous and can absorb water as well.
The main driving factor for the growth of the market is the increasing need to efficiently produce desired goods. The heat dissipation needs of certain compounds must be improved as electronic components are smaller and provide more energy than ever before. As high temperatures can make electronic parts inoperable, heat control and proper integrative and miniature design are important to maintain performance and reliability. The use of components made of polymer composite materials is common because they are lighter and less costly in manufacturing than comparable metal components. In the electrical and electronics industry, conductive compounds are also used to drive market growth for electromagnetic safety. The growing trend toward lightweight products is driving market demand.
Increasing government support through investments promotes demand for conductive compounds. Frequent changes in economic policies are gradually hindering market demand. The shortage of skilled personnel for the production of finished products is also hindering the growth of the industry. As a daunting factor for market growth, growing risk due to negligence in following proper precautions remains.
Asia-Pacific held the highest market share among all regions owing to growth of the electrical and electronics industries, followed by North America. Due to the rapid adoption of the latest technologies and the release of innovative products, North America will see good growth. In addition, growing economies in the region will boost market demand. RoW will have the second-fastest compound annual growth rate (CAGR).
In 2018, the global conductive compounds market was dominated by the Asia-Pacific, where it was led by China, Japan, South Korea and India. The rising demand for conductive compounds in the region is the result of factors such as increasing industrial growth due to government initiatives to promote a monetary framework; this boosts private sector investments aimed at developing the manufacturing sector, particularly in China and India. Several international automotive original equipment manufacturers (OEMs) have set up production bases in the two countries due to the availability of skilled labor, cheap power sources and inexpensive raw materials as compared to Europe and the Americas.
North America is the second-largest region in the global conductive compounds market. The region is home to several electronics companies which need conductive compounds to avoid electronic dissipation.
This report includes an analysis of the conductive compounds market based on material form, application, type, resin type and region. Revenue forecasts for 2018 through 2024 are provided for these segments.
The report includes:
For more information about this report visit https://www.researchandmarkets.com/r/pehzb9
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200102005359/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 01/02/2020 10:18 AM/DISC: 01/02/2020 10:18 AM