The global conductive plastic compounds market size was US$ 8.3 billion in 2021. The global conductive plastic compound market is forecast to grow to US$ 18.2 billion by 2030, registering a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2022 to 2030. 

Electrically conductive, conductive plastics have semiconductor or metallic conductor properties. The most prevalent type of plastic is conducting polymers created by organic polymers to conduct electricity. Organic polymers are widely employed in a number of industrial applications because they are less expensive and lighter than traditional materials like metals and ceramics. 

Factors Influencing the Market Growth

• Because of their outstanding physical qualities, conductive plastic compounds are in high demand. Carbon nanotube-based conductive plastic composites are dependable for applications requiring electrostatic discharge protection, static charge dissipation, and efficient thermal management. In addition, their electrical and thermal conductivity properties are forecast to fuel the market's growth. 
• Conductive plastic compositions are utilized in a range of applications for antistatic and electromagnetic shielding. During the forecast period, the rising use of conductive plastic compounds in the electrical and electronics sectors is forecast to drive the global conductive plastic compounds market.
• Sensitive electronic components are covered using electrically conductive polymers. Furthermore, conductive polymers are used in the electronics industry for displays, solar cells, MEMES, OLEDs, printed electronic circuits, batteries, actuators, and other electronic components. All of this is forecast to accelerate the growth of the global conductive plastic market. 
• Manufacturers and academic organizations are investing highly in the development of conductive polymers. Thus, it will propel the growth of the global conductive plastic compounds market. 
• The fluctuations in the cost of crude oil may hamper the growth of the market. 

Regional Analysis

Over the anticipated period, the Asia-Pacific conductive plastics compound market is forecast to grow rapidly. China is a prominent user of conductive plastic compounds in the Asia-Pacific region due to the high rate of adoption of conductive plastic compounds in the electronics sector. 

Furthermore, China is the largest producer of conductive plastic compounds in the region. The presence of large electronic component makers in the region is fueling the market growth. In addition, the region is home to various domestic plastic compound manufacturers, which is forecast to boost the Asia-Pacific conductive plastic compounds market growth. 

Players in the Asia-Pacific are expanding their production capacity to meet the region's growing demand for conductive plastic compounds. In addition, increasing industrialization and the expansion of electrical and electronic component manufacturing plants in India, South Korea, Thailand, and other Asian countries are forecast to benefit the global market.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a negative impact on the global conductive plastic compounds market because the import-export activities were banned. Moreover, the market witnessed significant drawbacks as the companies witnessed a shortage of laborers. 

Competitors in the Market

• Sabic
• The Dow Chemical Company
• Total SA
• Repsol SA
• BASF SE
• Bayer Material Science
• ENI S.P.
• Ineos Group AG
• Royal DSM
• Other Prominent Players

Market Segmentation

By Type

• Polystyrene
• Polypropylene
• Polyethylene
• Engineering Plastics
• Polyamide
• Polycarbonate
• Others

By End-User

• Automotive & Transportation
• Building & Construction
• Consumer Goods & Appliances
• Electrical & Electronics
• Industrial Applications
• Medical
• Others

On the basis of Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America