Domestic thermally conductive plastic materials have a large domestic alternative market and will be widely used in the field of automotive parts

Thermal conductive plastic refers to a plastic material that evenly fills polymer matrix materials with thermal conductive fillers to improve its thermal conductivity. The main components of thermally conductive plastics include matrix materials and fillers. The matrix materials include PPS, PA6/PA66, LCP, TPE, PC, PP, PPA, PEEK, etc.; the fillers include AlN, SiC, Al2O3, graphite, fibrous high thermal conductivity carbon powder, and flakes. High thermal conductivity carbon powder, etc.

Thermal conductive plastics have the advantages of lighter weight, insulation, high voltage resistance, good fluidity and easy processing. They can be used in LED lighting, automobiles, heating/cooling/refrigeration and other fields. As the penetration rate of thermally conductive plastic products in downstream application fields increases, With the increase and the expansion of application fields, the market size of thermally conductive plastics is constantly improving. Industrial Research Center issued the Global and China Thermal Conductivity in 2022 “Plastics Industry In-Depth Research Report” shows that China’s thermally conductive plastics market will grow from 1.435 billion yuan in 2023 to 2.219 billion yuan in 2027, with a compound annual growth rate of 11.5%.

​ ​ ​Thermal conductive insulating plastic is the largest segment product in the thermally conductive plastic market

By type, thermally conductive plastics can be divided into thermally conductive insulating plastics and thermally conductive plastics, among which thermally conductive insulating plastics have the largest market share. Thermal conductive insulating plastics have a wide range of applications and can be used in electrical/electronic, automotive, lighting, medical equipment, industrial machinery and other fields. There is a huge demand for them in downstream applications. The market for thermally and electrically conductive plastics is in the growth stage. Although the market share is small, its share is growing very fast.

         The automotive industry is the largest application area of ​​thermally conductive plastics

Thermal conductive plastics are very suitable for replacing aluminum parts in automotive parts because they are lighter in weight, lower in cost, easy to form, can be customized, and have better thermal stability, impact strength and scratch resistance. Friction and abrasion resistance. In the domestic automotive field, the share of all-electric vehicles and high-end vehicles is growing. In particular, pure electric vehicles are more urgent for lightweighting parts. Therefore, thermally conductive plastics are a substitute for aluminum materials and ceramic materials in automotive parts. more and more.

The Chinese market is still dominated by imported products, and there is a large market for domestically produced substitutes

Globally, the main manufacturers of thermally conductive plastics include BASF of Germany and Bayer of Germany. These companies also occupy a very large share of the Chinese market. Compared with international giant companies, there is a certain gap in the product performance and quality of my country’s local thermally conductive plastic companies. Except for a few companies, most companies compete in the mid-to-low-end market. The overall core competitiveness needs to be strengthened, and the domestic substitution market is large.

In the global thermally conductive plastic market, the main competitors include: BASF of Germany, Bayer of Germany, Hella of Germany, Saint-Gobain of France, DSM of the Netherlands, Toray of Japan, Jongyon Chemical of Japan, Mitsubishi of Japan, RTP of the United States, Celanese of the United States , American PolyOne, Shenzhen Feirongda Technology Co., Ltd., Dongguan Zhaoke Electronic Materials Technology Co., Ltd., Shenzhen Kangli Zhengxing New Materials Co., Ltd., etc.