Electrical and Electronics Equipment Sector, Global, 2024-2030

Electrical and Electronics Equipment Sector, Global, 2024-2030

Growing Demand for Wearable Technologies and Miniaturization in Electronic Devices is Driving Transformational Growth in Polymers by 2030

This study presents a comprehensive analysis of polymers in the global electrical and electronics equipment (EEE) sector, with a detailed focus on regional segmentation, revenue, and volume metrics from 2020 to 2030. By examining historical data and projecting future trends, the study offers a seven-year forecast from 2024 to 2030, with 2023 as the base year.

Segmentation:
By Polymer: Commodity, engineering, and high-performance polymers
By End use: Consumer electronics, consumer goods, wires and cables, industrial, and other end use cases, such as medical devices, 3D printers, lighting, and home security and safety
By Region: Americas; Europe; Asia-Pacific (APAC); and Middle East, Africa, and South Asia (MEASA).

The Americas, led by the United States, is a significant market for polymers in the EEE sector. The region's demand is driven by the presence of major consumer electronics and household appliance manufacturers, as well as a robust telecommunications infrastructure. Europe is a mature market for polymers in the EEE sector, with a strong emphasis on sustainability and circular economy principles. The region's demand is driven by the presence of consumer electronics manufacturers, particularly in Germany, France, and the United Kingdom. The MEASA region is a diverse and growing market for polymers in the EEE sector, with varying levels of economic development and market maturity. The region's abundant oil and gas resources provide a competitive advantage in the production of polymers, particularly commodity polymers such as PE and PP. APAC is the largest market for polymers in the EEE sector, driven by the rapid industrialization and urbanization of countries such as China, Japan, and South Korea. China is the world's largest producer and end user of consumer electronics, with a thriving domestic market and a significant export industry.

The study's methodology involves an in-depth analysis of the volume and revenue for each polymer type, end use, and region, providing insights into the factors driving growth and potential challenges. The forecast is based on expected compound average growth rates, offering a strategic view of the market's evolution.