Press Release

May, 30 2024

Covestro AG, Celanese Corporation, SABIC And BASF SE Are Dominating The Market For Global Thermally Conductive Plastic Market In 2017

Global Thermally Conductive Plastics Market is expected to reach USD 2,104.42 million by 2025 from USD 655.34 million in 2017, at a CAGR of 15.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Global Thermally Conductive Plastics Market

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The global thermally conductive plastic market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Covestro AG dominated the thermally conductive plastic market accounting for a highest market share in 2017, followed by Celanese Corporation, SABIC and BASF SE. Other players in this market include are Royal DSM N.V., Polyone corporation, RTP Company, Dowdupont, Ensinger, Kaneka corporation among others.

CELANESE CORPORATION: Founded in 1918 and headquartered Boulevard, U.S. operates in chemicals, thermoplastic polymers, specialty materials, advanced engineered materials and other chemical-based products worldwide. Its advanced engineered materials include engineered materials and some affiliates along with specialty polymers for medical and automotive application as well as for consumer electronics and industrial products. This segment also offers ultra-high molecular weight polyethylene (UHMW-PE), thermoplastic elastomers (TPE), long-fiber reinforced thermoplastics (LFRT), polyoxymethylene (POM) and many others which are used in varied applications. Ticona, CNA Holdings, Inc., Nutrinova, Celanese International Corp., Celanese GmbH, Ticona Polymers, Inc., Ticona Gmbh, Celanese Singapore Pte. Ltd., Celanese Acetate LLC, Celanese Emulsions GmbH, Celanese Holding Gmbh, Nutrinova Nutrition Specialties & Food Ingredients GmbH, Grupo Celanese, S. de R.L. de C.V., Acetex Corp are some of the subsidiaries of Celanese Corporation.

Recent Development: In October 2014, Celanese Corporation has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price. BASF SE: Founded in 1865 and headquartered at Ludwigshafen, Germany. BASF create chemistry for a sustainable future. The company operates in five business segment namely chemicals, performance products, functional materials & solutions, agricultural solutions and oil & gas. Its functional materials and solutions include battery materials, catalysts, polyurethane systems, concrete admixtures, concrete admixtures, surface treatment solutions and others. Its performance products offer engineering plastics, polyurethane, biodegradable plastics and thermo-plastics for fiber-reinforced composites. BASF operates in various locations across the globe namely Europe, North America, Asia-Pacific and South America, Africa, Middle East. Some of its subsidiaries include Wintershall, Cognis, BASF Coatings, Engelhard, BASF India Ltd., PCI Augsburg GmbH, BASF Japan, Siegfried PharmaChemikalien Minden GmbH and many more subsidiaries across the globe.

COVESTRO AG: Founded in 2015 and headquartered at Leverkusen, Germany. Covestro is the leading supplier of premium polymers. The company operates its business through segments namely Polyurethanes, polycarbonates, Coatings adhesives/Specialities and other Segment. The Covestro AG   has 30 production sites and has operation across various locations on the globe namely EMEA, NAFTA and APAC. Some of its subsidiaries include Baulé SAS, Dr. D.A. Delis AG, Covestro (India) Pvt. Ltd., Covestro (Thailand) Company Limited, Covestro Polymers (China) Company Limited, Bayer Pearl Polyurethane Systems FZCO, Guangzhou Covestro Polymers Co., Ltd and many more subsidiaries across the globe.

Recent Development: In March, 2016, Covestro has launched the special polycarbonate Makrolon TC8030 (TC stands for “thermally conductive”), which has a high thermal conductivity of 20 W/m*K. “Compared to the aluminum typically used, this plastic offers both thermal conductivity and a high degree of design freedom.

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