Electrical & Electronic Plastics Market
Electrical & Electronic Plastics Market Size, Share & Trends Analysis Report by Material Type (PA 6, PA66 FR, Polybutylene terephthalate (PBT), and Polyethylene Terephthalate (PET)), and by Application (Automotive, Consumer Goods, Industrial, Medical, and Other) Forecast Period (2022-2030) Update Available - Forecast 2024-2030
Electrical & electronic plastics market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period. The rising electrical & electronic application across the globe owing to the growing urbanization and digitalization is a key factor driving the growth of the global electrical & electronic plastics market. Plastic characteristics such as aesthetic & reduced weight have made it a suitable choice for usage in electrical & electronic products. The latest generation of plastic are designed to be circular, meaning they are recyclable, reusable, and made from recycled materials, with sustainability at the forefront of the material development agenda. Chemical supplier Sabic has introduced LNP Elcrin WF0061BiQ resin, which uses ocean-bound PET bottles as a feed stream for chemical upcycling into polybutylene terephthalate PBT resin. The LNP Elcrin WF0061BiQ grade is a glass fibre reinforced PBT material that features non-brominated, non-chlorinated flame retardancy meeting the UL94 V0 standard at 0.8mm and F1 rating. It also delivers heat resistance, toughness and stiffness, and high flow well-suited for molding thin-wall applications for outdoor environments.
In November 2020, Celanese introduced POM Eco-B, a biobased, biomass-balanced polyacetal product, in 2020. Despite the fact that Eco-B is commercially available, customer and industry adoption has been slow. Celanese adds that it expects to offer to existing and new customers its Eco-R solution with a recycled content offering of up to 30%. In April 2022, Ensinger, a German engineering plastics manufacturer, has doubled the benefit of engineering plastics with its newly launched detectable compound to improve food production safety. The new material, which is based on POM-C, has been specially developed for injection-moulded components used in the food processing industry.
Segmental Outlook
The global electrical & electronic plastics market is segmented based on material type and application. Based on material type, the market is segmented into PA 6, PA66 FR, polybutylene terephthalate (PBT), and polyethylene terephthalate (PET). Based on application, the market is divided into automotive, consumer goods, industrial, medical, and other.
Consumer Goods to Hold a Prominent Market Share in the Global Electrical & Electronic Plastics Market
Among the application segment, the consumer goods sub-segment is expected to hold a considerable share of the market. The favorable demographics, changing lifestyle, and growing consumer awareness towards the quality of electronic plastic products has driven the demand for plastics in consumer goods industry. The rapid industrialization and urbanization lead to the expansion of smart cities is expected to drive the growth of this market segment. The growing number of electronic consumer goods such as smartphones, smart watches, laptops, and desktop has driven the growth of this market segment. Additionally, advanced modern trade has promoted the manufacturer to innovate the new product line of the plastic for consumer electronics industry which in turn is expected to drive the market growth.
Regional Outlooks
The global electrical & electronic plastics market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, the North America electrical & electronic plastics market is anticipated to cater to considerable growth over the forecast period.
Global Electrical & Electronic Plastics Market Growth, by Region 2023-2030
The Asia-Pacific Region is Expected to hold a Considerable Share in the Global Electrical & Electronic Plastics Market
Asia-Pacific is expected to hold a considerable share of the global electrical & electronic plastics market. The growing urbanization and industrialization in growing economies of the region such as India and China is a key factor contributing to the regional market growth. According to Invest India, India’s electronics production is expected to reach $300 billion by 2026. The growing electronics industry of the region is expected to compliment the regional market growth.
Market Players Outlook
The major companies serving the global electrical & electronic plastics market include Koninklijke DSM N.V., LG Chem Ltd., SABIC, Solvay SA, and Covestro AG among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. In November 2022, a team at The University of Texas at Austin (UT Austin) used a unique process that involved applying light and a catalyst to change the properties of a material. Their aim was to mimic natural materials that can be hard and rigid in some places and soft and flexible in others. Researchers have taken inspiration from living things such as trees and shellfish to create a new plastic material that is both flexible and strong, showing a toughness that's 10 times more than that of natural rubber. Such developments may restrain the growth of the plastic industry.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electrical & electronic plastics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Koninklijke DSM N.V.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. LG Chem Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. SABIC
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Solvay SA
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Covestro AG
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Electrical & Electronic Plastics Market by Material Type
4.1.1. PA 6
4.1.2. PA66 FR
4.1.3. Polybutylene terephthalate (PBT)
4.1.4. Polyethylene terephthalate (PET)
4.2. Global Electrical & Electronic Plastics Market by Applications
4.2.1. Automotive
4.2.2. Consumer Goods
4.2.3. Industrial
4.2.4. Medical
4.2.5. Other
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BASF SE
6.2. Celanese Corp.
6.3. DuPont
6.4. Ensinger Group
6.5. Lotte Chemical Corp.
6.6. Mitsubishi Chemical Corp.
6.7. Qingdao Gon Science & Technology Co., Ltd. ?
6.8. Radici Group
6.9. RTP Company, Inc.
6.10. SAMSUNG SDI Co., Ltd.
6.11. Techno Plast Products
6.12. TORAY Industries, Inc.
6.13. Trinseo S.A.
1. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
2. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF PA 6 MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF PA66 FR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF POLYBUTYLENE TEREPHTHALATE (PBT) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF POLYETHYLENE TEREPHTHALATE (PET) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
7. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. NORTH AMERICAN ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. NORTH AMERICAN ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
15. NORTH AMERICAN ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
16. EUROPEAN ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. EUROPEAN ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
18. EUROPEAN ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
19. ASIA-PACIFIC ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. ASIA-PACIFIC ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
22. REST OF THE WORLD ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. REST OF THE WORLD ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
24. REST OF THE WORLD ELECTRICAL & ELECTRONIC PLASTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS MARKET SHARE BY MATERIAL TYPE, 2022 VS 2030 (%)
2. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF PA 6 MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF PA66 FR MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF POLYBUTYLENE TEREPHTHALATE (PBT) MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS OF POLYETHYLENE TEREPHTHALATE (PET) MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
7. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR AUTOMOTIVE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR CONSUMER GOODS MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR INDUSTRIAL MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR MEDICAL MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS FOR OTHER APPLICATIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL ELECTRICAL & ELECTRONIC PLASTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. US ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
15. UK ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD ELECTRICAL & ELECTRONIC PLASTICS MARKET SIZE, 2022-2030 ($ MILLION)
