Global Plastics In Electrical And Electronics Market is valued at approximately USD 35.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.2% during the forecast period 2023-2030. Plastics play a pivotal role in the electrical and electronics industry, contributing to the efficiency, safety, and innovation of various devices and components. The versatility of plastics allows for the creation of lightweight, durable, and insulating materials, making them essential for producing electrical enclosures, wiring insulation, connectors, and housings for electronic gadgets. The integration of plastics in these applications ensures the safety, and reliability of electrical devices also contributes to advancements in design flexibility, cost-effectiveness, and overall product performance in the dynamic field of Electrical and Electronics. The Plastics In Electrical And Electronics Market are expanding because of factors such as the rising expansion of the electronics industry, increasing demand from the building & and construction industry and rising adoption of electric vehicles.
The proliferation of smartphones, tablets, laptops, and other consumer electronics drives the demand for high-performance plastics. These materials are used in casings, components, and connectors to provide durability and aesthetic appeal. As per Statista's data, the revenue from consumer electronics in 2020 amounted to USD 959.67 billion, which increased to USD 987.16 billion in 2022, this upward trend is expected to continue, with an anticipated revenue reaching USD 1152.88 billion by the year 2028. Thus, the rising electronic industry is driving market growth. In addition, rising product innovation activities and rising demand for medical monitoring devices are creating new opportunities for the market growth. However, the emergence of alternative materials and high initial costs of specialized plastics stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Plastics In Electrical And Electronics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The Asia Pacific market is poised for significant expansion in the forecast period, driven by the increasing disposable income in emerging economies within the region. Additionally, the demand for top-notch medical devices is on the rise in countries such as China, India, and Singapore, driven by a surge in healthcare expenditure. This heightened demand is contributing to the increased need for plastics, essential in the production of Polymers, Printed Circuit Boards (PCBs), and electrical casings, among other components integral to medical device manufacturing. Europe is expected to grow at the fastest rate over the forecast period, owing to factors such as expansion in the construction industry, and government support to the electronic industry in the region.
Major market player included in this report are:
- BASF SE
- Ensinger, Inc.
- Covestro AG
- TORAY INDUSTRIES, INC.
- Radici Partecipazioni SpA
- RTP Company
- LOTTE Chemical Corporation
- Trinseo S.A.
- Mitsubishi Chemical Group Corporation
- Evonik Industries AG
Recent Developments in the Market:
- In May 2023, SABIC expanded its high-heat ULTEM resin portfolio by introducing new grades reinforced with glass fiber. These additions offer features including high flow, customizable color options, and enhanced strength. Specifically tailored for electronic components such as fiber optics and electrical connectors, this product aligns well with the stringent requirements of these applications.
- In May 2022, BASF SE introduced Ultradur B4335G3 HR HSP as the latest addition to its Polybutylene Terephthalate (PBT) portfolio. With a focus on industries such as electrical and electronics, as well as automotive, the company continues to expand its range of PBT offerings.
Global Plastics In Electrical And Electronics Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Polymer, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Polymer:
- Acrylonitrile butadiene styrene (ABS)
- Polypropylene (PP)
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polycarbonate (PC)
- Polymethyl Methacrylate (PMMA)
- Polyamide (PA)
- Others
By Application:
- Wires & cables
- Electrical insulation
- Printed circuit boards (PCBs)
- Electronic devices
- Electrical connectors
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Plastics In Electrical And Electronics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Plastics In Electrical And Electronics Market, by Polymer, 2020-2030 (USD Billion)
- 1.2.3. Plastics In Electrical And Electronics Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Plastics In Electrical And Electronics Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Plastics In Electrical And Electronics Market Dynamics
- 3.1. Plastics In Electrical And Electronics Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising expansion of electronics industry
- 3.1.1.2. Increasing demand from building & and construction industry
- 3.1.1.3. Rising adoption of electric vehicles
- 3.1.2. Market Challenges
- 3.1.2.1. Emergence of alternative materials
- 3.1.2.2. High initial costs of specialized plastics
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising product innovation activities
- 3.1.3.2. Rising demand for medical monitoring devices
Chapter 4. Global Plastics In Electrical And Electronics Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Plastics In Electrical And Electronics Market, by Polymer
- 5.1. Market Snapshot
- 5.2. Global Plastics In Electrical And Electronics Market by Polymer, Performance - Potential Analysis
- 5.3. Global Plastics In Electrical And Electronics Market Estimates & Forecasts by Polymer 2020-2030 (USD Billion)
- 5.4. Plastics In Electrical And Electronics Market, Sub Segment Analysis
- 5.4.1. Acrylonitrile butadiene styrene (ABS)
- 5.4.2. Polypropylene (PP)
- 5.4.3. Polyurethane (PU)
- 5.4.4. Polyvinyl Chloride (PVC)
- 5.4.5. Polyethylene (PE)
- 5.4.6. Polycarbonate (PC)
- 5.4.7. Polymethyl Methacrylate (PMMA)
- 5.4.8. Polyamide (PA)
- 5.4.9. Others
Chapter 6. Global Plastics In Electrical And Electronics Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Plastics In Electrical And Electronics Market by Application, Performance - Potential Analysis
- 6.3. Global Plastics In Electrical And Electronics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Plastics In Electrical And Electronics Market, Sub Segment Analysis
- 6.4.1. Wires & cables
- 6.4.2. Electrical insulation
- 6.4.3. Printed circuit boards (PCBs)
- 6.4.4. Electronic devices
- 6.4.5. Electrical connectors
- 6.4.6. Others
Chapter 7. Global Plastics In Electrical And Electronics Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Plastics In Electrical And Electronics Market, Regional Market Snapshot
- 7.4. North America Plastics In Electrical And Electronics Market
- 7.4.1. U.S. Plastics In Electrical And Electronics Market
- 7.4.1.1. Polymer breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Plastics In Electrical And Electronics Market
- 7.5. Europe Plastics In Electrical And Electronics Market Snapshot
- 7.5.1. U.K. Plastics In Electrical And Electronics Market
- 7.5.2. Germany Plastics In Electrical And Electronics Market
- 7.5.3. France Plastics In Electrical And Electronics Market
- 7.5.4. Spain Plastics In Electrical And Electronics Market
- 7.5.5. Italy Plastics In Electrical And Electronics Market
- 7.5.6. Rest of Europe Plastics In Electrical And Electronics Market
- 7.6. Asia-Pacific Plastics In Electrical And Electronics Market Snapshot
- 7.6.1. China Plastics In Electrical And Electronics Market
- 7.6.2. India Plastics In Electrical And Electronics Market
- 7.6.3. Japan Plastics In Electrical And Electronics Market
- 7.6.4. Australia Plastics In Electrical And Electronics Market
- 7.6.5. South Korea Plastics In Electrical And Electronics Market
- 7.6.6. Rest of Asia Pacific Plastics In Electrical And Electronics Market
- 7.7. Latin America Plastics In Electrical And Electronics Market Snapshot
- 7.7.1. Brazil Plastics In Electrical And Electronics Market
- 7.7.2. Mexico Plastics In Electrical And Electronics Market
- 7.8. Middle East & Africa Plastics In Electrical And Electronics Market
- 7.8.1. Saudi Arabia Plastics In Electrical And Electronics Market
- 7.8.2. South Africa Plastics In Electrical And Electronics Market
- 7.8.3. Rest of Middle East & Africa Plastics In Electrical And Electronics Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. BASF SE
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Ensinger, Inc.
- 8.3.3. Covestro AG
- 8.3.4. TORAY INDUSTRIES, INC.
- 8.3.5. Radici Partecipazioni SpA
- 8.3.6. RTP Company
- 8.3.7. LOTTE Chemical Corporation
- 8.3.8. Trinseo S.A.
- 8.3.9. Mitsubishi Chemical Group Corporation
- 8.3.10. Evonik Industries AG
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption