The Global Plastics in Consumer Electronics Market was valued at USD 6.24 billion in 2023 and is projected to expand at a CAGR of 2.5% from 2024 to 2032, reaching USD 7.79 billion by 2032. The market growth is primarily driven by rising demand for lightweight, durable, and high-performance materials in electronic devices, increasing adoption of bioplastics, and advanced polymer formulations in manufacturing consumer electronics.
Plastics play a crucial role in enhancing the design, durability, and functionality of electronic products, as they provide high impact resistance, optical clarity, and thermal stability. The growing trend toward miniaturization of electronics, rising penetration of IoT devices, and advancements in sustainable plastic alternatives are expected to drive further innovations in the industry. For instance, bioplastics and recyclable plastics are gaining traction as manufacturers prioritize sustainability and regulatory compliance.
As smartphones, wearables, and smart home devices continue to evolve, manufacturers are increasingly utilizing polycarbonate (PC), liquid crystal polymers (LCP), and bio-based polycarbonates to meet lightweight, energy-efficient, and aesthetic requirements. Moreover, the rise of 3D printing in consumer electronics manufacturing is enabling greater customization and rapid prototyping, further stimulating demand for advanced plastic materials.
From a regional perspective, Asia Pacific held the largest market share of 68.1% in 2024, owing to the presence of major electronics manufacturers, rising disposable income, and growing demand for advanced consumer electronics. North America is projected to grow at the fastest CAGR of 2.5%, fueled by sustainability-driven material innovations, regulatory pressure to reduce plastic waste, and increasing investment in smart device manufacturing.
Major Market Players Included in This Report:
• Trinseo PLC
• Covestro AG
• Celanese Corporation
• SABIC
• Lotte Chemical Corp.
• LG Chem
• Mitsubishi Chemical Group Corporation
• SAMSUNG SDI Co., Ltd.
• DSM-firmenich
• Kuraray Co. Ltd.
• Qingdao GON Science & Technology Co., Ltd.
The Detailed Segments and Sub-Segment of the Market Are Explained Below:
By Product:
• Polycarbonate (PC)
• Liquid Crystal Polymers (LCP)
• PC/ABS Glass Filled Resins
• Bio-based Polycarbonate Resin
• Thermoplastic Elastomers
• Polyamides
By End-use:
• TV Frames
• Laptop Monitor Enclosures
• LCP Panels
• Portable Hand Held Devices
• Wearables
• Mobile Phone Bodies
• Appliances & White Goods
• Others
By Region:
North America
• U.S.
• Canada
• Mexico
Europe
• UK
• Germany
• France
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America
• Brazil
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• Rest of Middle East & Africa
Years Considered for the Study:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years (2022-2032)
• Annualized Revenue and Regional-Level Analysis for each market segment
• Competitive Landscape Analysis with information on major market players
• Insights into Key Business Strategies, Growth Drivers, and Challenges
• Supply & Demand Side Analysis of the market
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- Chapter 1: Global Polyisobutylene Market Executive Summary
- 1.1 Global Polyisobutylene Market Size & Forecast (2022-2032)
- 1.2 Regional Summary
- 1.3 Segmental Summary
- 1.3.1 By Product
- 1.3.2 By End-use
- 1.4 Key Trends
- 1.5 Recession Impact
- 1.6 Analyst Recommendation & Conclusion
- Chapter 2: Global Polyisobutylene Market Definition and Research Assumptions
- 2.1 Research Objective
- 2.2 Market Definition
- 2.3 Research Assumptions
- 2.3.1 Inclusion & Exclusion
- 2.3.2 Limitations
- 2.3.3 Supply Side Analysis
- 2.3.3.1 Availability
- 2.3.3.2 Infrastructure
- 2.3.3.3 Regulatory Environment
- 2.3.3.4 Market Competition
- 2.3.3.5 Economic Viability (Consumer’s Perspective)
- 2.3.4 Demand Side Analysis
- 2.3.4.1 Regulatory frameworks
- 2.3.4.2 Technological Advancements
- 2.3.4.3 Environmental Considerations
- 2.3.4.4 Consumer Awareness & Acceptance
- 2.4 Estimation Methodology
- 2.5 Years Considered for the Study
- 2.6 Currency Conversion Rates
- Chapter 3: Global Polyisobutylene Market Dynamics
- 3.1 Market Drivers
- 3.1.1 Rising demand for high-performance lubricants and fuel additives
- 3.1.2 Increasing adoption of PIB in automotive and construction applications
- 3.1.3 Stringent environmental regulations boosting biodegradable formulations
- 3.2 Market Challenges
- 3.2.1 Volatile raw material prices
- 3.2.2 Regulatory hurdles and compliance costs
- 3.3 Market Opportunities
- 3.3.1 Expanding applications in personal care and pharmaceutical industries
- 3.3.2 Increasing demand for PIB-based adhesives in sustainable construction
- Chapter 4: Global Polyisobutylene 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
- 4.1.6 Futuristic Approach to Porter’s 5 Force Model
- 4.1.7 Porter’s 5 Force Impact Analysis
- 4.2 PESTEL Analysis
- 4.2.1 Political
- 4.2.2 Economic
- 4.2.3 Social
- 4.2.4 Technological
- 4.2.5 Environmental
- 4.2.6 Legal
- 4.3 Top Investment Opportunities
- 4.4 Top Winning Strategies
- 4.5 Disruptive Trends
- 4.6 Industry Expert Perspective
- 4.7 Analyst Recommendation & Conclusion
- Chapter 5: Global Polyisobutylene Market Size & Forecasts by Product (2022-2032)
- 5.1 Segment Dashboard
- 5.2 Global Polyisobutylene Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1 High Molecular Weight
- 5.2.2 Medium Molecular Weight
- 5.2.3 Low Molecular Weight
- Chapter 6: Global Polyisobutylene Market Size & Forecasts by End-use (2022-2032)
- 6.1 Segment Dashboard
- 6.2 Global Polyisobutylene Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1 Adhesives & Sealants
- 6.2.2 Automotive Rubber Components
- 6.2.3 Fuel Additives
- 6.2.4 Lubricant Additives
- 6.2.5 Others
- Chapter 7: Global Polyisobutylene Market Size & Forecasts by Region (2022-2032)
- 7.1 North America Polyisobutylene Market
- 7.1.1 U.S. Polyisobutylene Market
- 7.1.1.1 Product breakdown size & forecasts, 2022-2032
- 7.1.1.2 End-use breakdown size & forecasts, 2022-2032
- 7.1.2 Canada Polyisobutylene Market
- 7.1.3 Mexico Polyisobutylene Market
- 7.2 Europe Polyisobutylene Market
- 7.2.1 France Polyisobutylene Market
- 7.2.2 Italy Polyisobutylene Market
- 7.3 Asia-Pacific Polyisobutylene Market
- 7.3.1 China Polyisobutylene Market
- 7.3.2 India Polyisobutylene Market
- 7.4 Latin America Polyisobutylene Market
- 7.4.1 Brazil Polyisobutylene Market
- 7.5 Middle East & Africa Polyisobutylene Market
- Chapter 8: Competitive Intelligence
- 8.1 Key Company SWOT Analysis
- 8.1.1 BASF SE
- 8.1.2 Daelim Co., Ltd.
- 8.1.3 TPC Group
- 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 Market Strategies
- 8.3.2 Daelim Co., Ltd.
- 8.3.3 TPC Group
- 8.3.4 INEOS
- 8.3.5 Kothari Petrochemicals Limited
- 8.3.6 Braskem
- 8.3.7 ENEOS Corporation
- 8.3.8 Zhejiang Shunda New Material Co., Ltd.
- 8.3.9 Shandong Hongrui New Material Technology Co., Ltd.
- 8.3.10 Group of Companies Titan
- 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
- List of Tables
- TABLE 1. Global Polyisobutylene Market, Report Scope
- TABLE 2. Global Polyisobutylene Market Estimates & Forecasts by Region 2022-2032 (USD Million)
- TABLE 3. Global Polyisobutylene Market Estimates & Forecasts by Product 2022-2032 (USD Million)
- TABLE 4. Global Polyisobutylene Market Estimates & Forecasts by End-use 2022-2032 (USD Million)
- TABLE 5. U.S. Polyisobutylene Market Estimates & Forecasts, 2022-2032 (USD Million)
- TABLE 6. China Polyisobutylene Market Estimates & Forecasts, 2022-2032 (USD Million)
- TABLE 7. Europe Polyisobutylene Market Estimates & Forecasts, 2022-2032 (USD Million)
- TABLE 8. Latin America Polyisobutylene Market Estimates & Forecasts, 2022-2032 (USD Million)
- TABLE 9. Middle East & Africa Polyisobutylene Market Estimates & Forecasts, 2022-2032 (USD Million)
- TABLE 10. Competitive Analysis of Key Players
- This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIGURE 1. Global Polyisobutylene Market, Research Methodology
- FIGURE 2. Global Polyisobutylene Market, Market Estimation Techniques
- FIGURE 3. Global Market Size Estimates & Forecast Methods
- FIGURE 4. Global Polyisobutylene Market, Key Trends 2023
- FIGURE 5. Global Polyisobutylene Market, Growth Prospects 2022-2032
- FIGURE 6. Global Polyisobutylene Market, Porters 5 Force Model
- FIGURE 7. Global Polyisobutylene Market, PESTEL Analysis
- FIGURE 8. Global Polyisobutylene Market, Value Chain Analysis
- FIGURE 9. Global Polyisobutylene Market, Company Market Share Analysis (2023)
- This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.
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