The global plastics in consumer electronics market size is expected to be worth around US$ 10.7 billion by 2030, according to a new report by Vision Research Reports.
The global plastics in consumer electronics market size was valued at US$ 6.50 billion in 2020 and is anticipated to grow at a CAGR of 4.8% during forecast period 2021 to 2030.
|Market Size||US$ 10.7 billion by 2030|
|Growth Rate||CAGR of 4.8% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Faurecia; Friedrich Boysen; BENTELER International; Tenneco Inc.; Continental AG; Bosal; Eberspächer; FUTABA INDUSTRIAL CO., LTD.; Sejong Industrial Co., Ltd.; Yutaka Giken Company Limited|
increasing demand from smartphone & wearable manufacturers and growing demand for laptops and tablets, are anticipated to fuel the market growth. Plastics are widely utilized in the manufacturing of consumer electronics including components, such as TV frames, laptop monitor enclosures, LCD panels, portable hand-held devices, wearables, mobile phone bodies, appliances & white goods, and others due to their properties, such as flexibility, durability, and chemical & heat resistance. Hence plastics, such as PC, PC/ABS, TPE, and PA, have a high demand from manufacturers of consumer electronics.
By Product Analysis
The polycarbonate segment dominated the global market and accounted for more than 29% of the total revenue share in 2020. Polycarbonate has the ability to undergo huge plastic deformations without breaking or cracking, which sets it apart from other thermoplastics.
PC/ABS blend is commonly used as a flame retardant offering high heat resistance, impact strength, flexibility, improved processing, and biocompatibility. These properties make it suitable for producing housing for electronic devices.
By Application Analysis
The laptop monitor enclosure application segment dominated the market and accounted for more than 22% of the total market share in 2020. Increasing digitalization across every industry has propelled the market for computer electronics globally, due to the introduction of user-friendly interfaces and rising demand from the middle-class population.
Wearable electronics including smartwatches, fitness trackers, eyeglasses, and others have gained popularity due to their low weight and easy interface along with rising consumer awareness regarding following a healthy lifestyle.
By Regional Analysis
Asia Pacific was the largest regional market in 2020 and accounted for more than 68% of the global revenue share. China led the APAC regional market in 2020, in terms of both volume and revenue. The Asia Pacific dominated the plastics segment in the consumer electronics market driven by the increasing adoption of bio-based polycarbonate by manufacturers of consumer electronics.
Plastics are non-electric conductive materials used for manufacturing electrical appliances, such as air conditioners and television frames. PC/ABS blend is used for manufacturing telephone handsets, keyboards, monitors, and computer housings; PA is used in food processor bearings and adaptors; and PC in telephones.
Lotte Chemical Corp.
Mitsubishi Chemical Corp.
SAMSUNG SDI Co., Ltd.
Koninklijke DSM N.V.
Qingdao Gon Science & Technology Co., Ltd.
Liquid Crystal Polymer (LCP)
Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) Glass Filled Resin
Thermoplastic Elastomers (TPE)
Laptop Monitor Enclosures
Portable Hand-held Devices
Mobile Phone Bodies
Appliances & White Goods
Central & South America
Middle East & Africa
The Plastics in Consumer Electronics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Plastics in Consumer Electronics market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Plastics in Consumer Electronics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Plastics in Consumer Electronics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Plastics in Consumer Electronics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Plastics in Consumer Electronics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Plastics in Consumer Electronics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Plastics in Consumer Electronics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Plastics in Consumer Electronics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Plastics in Consumer Electronics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Plastics in Consumer Electronics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Plastics in Consumer Electronics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Plastics in Consumer Electronics market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Plastics in Consumer Electronics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Plastics in Consumer Electronics market. These factors have benefited the growth of the global market for Plastics in Consumer Electronics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Plastics in Consumer Electronics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Plastics in Consumer Electronics are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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