Thermally Conductive Filler Dispersants Market to exceed USD 719 Mn by 2032, Says Global Market Insights inc.
Thermally Conductive Filler Dispersants Industry size is expected to register 9.4% CAGR between 2024 and 2032 propelled by the increasing demand in medical devices.
Selbyville, Delaware, Jan. 15, 2024 (GLOBE NEWSWIRE) — Thermally Conductive Filler Dispersants Market is poised to be worth over USD 719 million by the end of 2032, as per a recent study by Global Market Insights Inc.
The growing production and adoption of EVs across the globe along with the subsequent focus on sustaining optimal operating temperatures will drive the market growth. As of 2023, in the U.S, there were 2,442,270 registered electric cars. The ongoing transition of the automotive industry towards electrification is surging the demand for efficient thermal management solutions as they are essential in enhancing heat dissipation within batteries and electronic components. Additionally, the increasing focus on lightweight designs in automotive manufacturing is contributing to the growing need for various dispersants, further boosting the industry growth.
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Carbon-based fillers to gain significant traction
The carbon-based fillers type segment in the thermally conductive filler dispersants market is estimated to witness high demand through 2032. Carbon-based fillers, including graphene and carbon nanotubes, exhibit exceptional thermal conductivity properties, emerging popular as sought-after additives in various industries. The growing focus of the electronics and automotive sectors on seeking advanced materials for efficient thermal management will also drive the product demand for achieving enhanced heat dissipation in electronic components and lightweight, high-performance automotive designs.
Increasing demand from the automotive sector
The thermally conductive filler dispersants market size from automotive end-use segment is projected to generate substantial revenue by 2032 owing to the ongoing evolution of automotive designs toward electrification and increased electronic components. Thermally conductive filler dispersants enhance the thermal conductivity of several materials used in electronic systems for ensuring optimal temperature regulation. With the increasing focus of the automotive sector on the development of lightweight and compact designs, the segment is likely to record significant expansion.
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Asia Pacific to emerge as a lucrative market destination
Asia Pacific thermally conductive filler dispersants market is set to exhibit robust growth between 2024 and 2032 attributed to the presence of the booming electronics and automotive sectors in the region. The rising demand for high-performance electronic devices and energy-efficient vehicles is surging the adoption of these dispersants. Moreover, the burgeoning manufacturing activities, technological advancements, and the growing focus on efficient thermal management solutions will further augment the regional industry outlook.
Thermally Conductive Filler Dispersants Industry Participants
Thermally conductive filler dispersants market consists of leading companies, such as Shin-Etsu Chemical Co., Ltd, Creative Materials Inc., Dow Inc., Saint-Gobain Performance Plastics, Henkel AG & Co. KGaA, 3M Company, Indium Corporation, A. Schulman (LyondellBasell), Masterbond, Henan Sanyuan New Materials Co., Ltd., DKSH Group, and, Nusil Technology LLC, among others. These firms are continuously introducing innovative solutions with enhanced thermal properties for catering to the evolving technological demands. For instance, in May 2023, Henkel expanded its extensive line of EV battery system solutions with a new injectable thermally conductive adhesive.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
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