Global Plastics In Electrical And Electronics Market Size study & Forecast, by Polymer, by Application and Regional Analysis, 2023-2030

PUBLISHED: February 20, 2024

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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

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

LIST OF TABLES

TABLE 1. Global Plastics In Electrical And Electronics Market, report scope
TABLE 2. Global Plastics In Electrical And Electronics Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Plastics In Electrical And Electronics Market estimates & forecasts by Polymer 2020-2030 (USD Billion)
TABLE 4. Global Plastics In Electrical And Electronics Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Plastics In Electrical And Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Plastics In Electrical And Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Plastics In Electrical And Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Plastics In Electrical And Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Plastics In Electrical And Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Plastics In Electrical And Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Plastics In Electrical And Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Plastics In Electrical And Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Plastics In Electrical And Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Plastics In Electrical And Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Plastics In Electrical And Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Plastics In Electrical And Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Plastics In Electrical And Electronics Market
TABLE 70. List of primary sources, used in the study of global Plastics In Electrical And Electronics Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Plastics In Electrical And Electronics Market, research methodology
FIG 2. Global Plastics In Electrical And Electronics Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Plastics In Electrical And Electronics Market, key trends 2022
FIG 5. Global Plastics In Electrical And Electronics Market, growth prospects 2023-2030
FIG 6. Global Plastics In Electrical And Electronics Market, porters 5 force model
FIG 7. Global Plastics In Electrical And Electronics Market, pest analysis
FIG 8. Global Plastics In Electrical And Electronics Market, value chain analysis
FIG 9. Global Plastics In Electrical And Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Plastics In Electrical And Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Plastics In Electrical And Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Plastics In Electrical And Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Plastics In Electrical And Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Plastics In Electrical And Electronics Market, regional snapshot 2020 & 2030
FIG 15. North America Plastics In Electrical And Electronics Market 2020 & 2030 (USD Billion)
FIG 16. Europe Plastics In Electrical And Electronics Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Plastics In Electrical And Electronics Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Plastics In Electrical And Electronics Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Plastics In Electrical And Electronics Market 2020 & 2030 (USD Billion)