Thermally Conductive Polymers Market to Surpass US$ 366.4 Million by 2030 - Coherent Market Insights
BURLINGAME, Calif., Nov. 14, 2023 /PRNewswire/ -- According to Coherent Market Insights, Global Thermally Conductive Polymers Market size was valued at US$ 136.9 Million in 2022 and is expected to surpass US$ 366.4 Million by 2030 and is anticipated to witness a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030.
- BURLINGAME, Calif., Nov. 14, 2023 /PRNewswire/ -- According to Coherent Market Insights, Global Thermally Conductive Polymers Market size was valued at US$ 136.9 Million in 2022 and is expected to surpass US$ 366.4 Million by 2030 and is anticipated to witness a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030.
- Furthermore, development of hybrid electric vehicles (HEV) and electric vehicles (EV) is augmenting demand for thermally conductive polymers from automotive industry, thereby propelling market growth.
- Key Trends and Analysis of the Global Thermally Conductive Polymers Market:
Adoption of EVs is a latest in the global thermally conductive polymers market. - Thermally conductive polymers have potential application in battery-powered vehicles due to their high energy density.