Thermally conductive additives market - Size, Share, Trends, Forecast and Industry Analysis

The thermally conductive additives market is projected to grow at a mesmerizing rate over the next five years to reach US$ 1,117.1 million in 2025. Several factors are positively impacting the growth of thermally conductive additives various end-use industries out of which the most common driver is the inherent advantages of thermally conductive additives. Furthermore, the current penetration of thermally conductive plastics is diminutive but has been increasing at an impressive rate, especially in the E&E, automotive, and LED lighting applications, taking the overall growth of the market to the next level. For instance; thermally conductive plastics are increasingly preferred in the headlight and under-the-hood parts in the automotive industry, driven by their lightweight along with excellent thermal stability.