Biopolymers In Electrical & Electronics Market Size to Reach USD 599.93 Mn by 2033
The global biopolymers in electrical & electronics market was estimated at USD 69.58 million in 2023 and it is expected to surpass around USD 599.93 million by 2033, poised to grow at a CAGR of 24.04% from 2024 to 2033.
The integration of biopolymers into the electrical & electronics (E&E) sector marks a significant shift towards sustainable practices and materials. As the world increasingly embraces eco-conscious initiatives, the demand for biodegradable alternatives to traditional plastics has surged, leading to the exploration of biopolymers in various industries, including E&E. This article provides an overview of the biopolymers market within the E&E sector, highlighting key trends, drivers, challenges, and opportunities.
The growth of biopolymers in the electrical & electronics (E&E) market is primarily driven by a convergence of factors aimed at sustainability and environmental responsibility. Increasing awareness of the detrimental effects of conventional plastics on the environment has led to a surge in demand for biodegradable alternatives. Stringent regulations and policies promoting sustainable practices have further propelled the adoption of biopolymers in the E&E sector. Additionally, consumer preferences are shifting towards eco-friendly products, incentivizing manufacturers to explore biopolymer solutions. Technological advancements in biopolymer production and processing capabilities are also contributing to market growth, enabling the development of biopolymers with improved performance characteristics suitable for E&E applications. As a result, the biopolymers market in the E&E sector is expected to continue its upward trajectory, driven by a combination of environmental awareness, regulatory pressures, consumer demand, and technological innovation.
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2023 | 64% |
| Revenue Forecast by 2033 | USD 599.93 million |
| Growth Rate from 2024 to 2033 | CAGR of 24.04% |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Non-biodegradable plastics dominated the biopolymers in electrical and electronics market across the type segmentation in terms of revenue, accounting to a market share of over 54%. Non-biodegradable plastics such as polyethylene (PE), polyethylene terephthalate (PET), and polyamide (PA), are non-complex resins to be manufactured and have a longer life span, which has propelled their demand across the electrical & electronics industry.
Furthermore, biopolymers such as PLA and PET are being utilized for the manufacturing of printed circuit boards (PCB). In addition, green electronics has witnessed rise in traction with the introduction of biopolymers for the manufacturing of inject and screen printing, dip coating, and others.
Wires & cables dominated the market across the application segmentation in terms of revenue, accounting to a market share of over 44%. This is followed by the rising growth of global building & construction industry, which is a major utilizer of wires & cables. Hence the demand for biopolymers for the manufacturing of wires & cables is anticipated to propel during the forecast period.
Followed by the advancement in technology, electronic manufactures are prominently introducing advance electronic device such as cell phones, television, and others. Panel displays have introduced the utilization of biopolymers such as PE, PET, and PA.
Asia Pacific in regions dominated the market and accounted for a revenue share of over 64% in 2023. Followed by inexpensive manufacturing of electronics devices, rising disposable income, and rising demand for the growing population across the region is anticipated to propel the demand for biopolymers across electrical & electronics industry.
Furthermore, rising demand for affordable housings has propelled the demand for wires & cables which is anticipated to increasing the demand for biopolymers during the forecast period. Additionally, presence of major electrical & electronics manufacturers is further anticipated to boost the demand for biopolymers across the region.
By Type
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Biopolymers In Electrical & Electronics Market
5.1. COVID-19 Landscape: Biopolymers In Electrical & Electronics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Biopolymers In Electrical & Electronics Market, By Type
8.1. Biopolymers In Electrical & Electronics Market, by Type, 2024-2033
8.1.1. Biodegradable
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Non-biodegradable
8.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Biopolymers In Electrical & Electronics Market, By Application
9.1. Biopolymers In Electrical & Electronics Market, by Application, 2024-2033
9.1.1. Rechargeable Batteries
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Wires & Cables
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Electrical Insulator
9.1.3.1. Market Revenue and Forecast (2021-2033)
9.1.4. Panel Displays
9.1.4.1. Market Revenue and Forecast (2021-2033)
9.1.5. Electronic Device Casings
9.1.5.1. Market Revenue and Forecast (2021-2033)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Biopolymers In Electrical & Electronics Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2021-2033)
10.1.2. Market Revenue and Forecast, by Application (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2021-2033)
10.1.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2021-2033)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2021-2033)
10.2.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2021-2033)
10.2.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2021-2033)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2021-2033)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2021-2033)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2021-2033)
10.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2021-2033)
10.3.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2021-2033)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2021-2033)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2021-2033)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2021-2033)
10.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2021-2033)
10.4.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2021-2033)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2021-2033)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2021-2033)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2021-2033)
10.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2021-2033)
10.5.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2021-2033)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2033)
Chapter 11. Company Profiles
11.1. SABIC
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. BASF SE
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Trinseo
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Braskem
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. TEIJIN LIMITED
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Toyota Tsusho Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. NatureWorks LLC
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Total Carbion PLA
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Solvay
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Futtero
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers