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Increasing Application of Conductive Plastic Compounds in Electrical & Electronics Industry to Drive Sales: Fact.MR
However, as these compounds are not eco-friendly, demand for these compounds are declining in countries such as the U.S., Germany and the UK. Government in these countries have passed strict regulatory policies for the usage of conductive plastic compounds.
But with the expanding automotive and electrical & electronics industry, the sales of conductive plastic compounds are expected to witness a gradual upward trend over the coming years. Also, manufacturers investing in research & development activities to develop sustainable solutions are expected to provide wide growth opportunities in the upcoming decade.
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According to Fact.MR's analysis, the global conductive plastic compound market is expected to exceed a valuation of US$ 20 .5 billion by 2031-end.
Product innovation, expansion of product portfolios, strategic partnerships & collaborations with top companies are some of the strategies prominent players rely on to expand their regional as well as global footprints in the industry.
For instance, Novation Solutions LLC, a materials science company that specializes in high-silicone dispersions, in January 2021 , announced the launch of PURmix high-consistency rubber (HCR), healthcare plastic compound that enhances electrical properties of silicone rubber, using patent-pending technologies that incorporate a revolutionary single-wall carbon nanotube developed by Zeon Corporation.
In June 2020 , Clariant Plastics & Coatings Healthcare Polymer Solutions announced the launch of static-reducing functional plastic compounds, which are able to increase dose reliability when used in drug delivery devices. The plastic compounds are part of the wider medical grade and includes polymers from PE to PEEK.
On March 16 2021, Green Mantra Technologies, a global innovation leader that utilizes its advanced recycling technology to create unique specialty polymers and plastic compounds from discarded plastics, announced the partnership with HARKE Group, a leading distributor of specialty chemicals in Europe . Through this partnership, the companies aim to expand their customer base on the back of its sustainable solutions.
Prominent conductive plastic compounds manufacturers listed in Fact.MR's report are listed below:
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Fact.MR, in its new offering, presents a detailed analysis of the global conductive plastic compounds market. The study divulges essential insights on the major trends and opportunities of global conductive plastic compounds market. To gain a better perspective on the market potential and scope, the market is classified on the basis of:
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