Plastics In Electrical And Electronics Market Size, Share & Trends Analysis Report By Polymer (ABS, PP), By Application (Wires & Cables, Electrical Insulation), By Region, And Segment Forecasts, 2024 - 2030

Plastics In Electrical And Electronics Market Size, Share & Trends Analysis Report By Polymer (ABS, PP), By Application (Wires & Cables, Electrical Insulation), By Region, And Segment Forecasts, 2024 - 2030


Plastics In Electrical And Electronics Market Growth & Trends

The global plastics in electrical and electronics market size is anticipated to reach USD 53.27 billion by 2030 and it is projected to grow at a CAGR of 5.2% from 2024 to 2030, according to a new report by Grand View Research, Inc.

The global electrical & electronics market is vast and dynamic. It encompasses a wide range of products and services. The growth of this market across the world is driven by multiple factors, including ongoing technological advancements, rising consumer demand for electrical components and electronic devices, and increasing urbanization. Surging disposable income and increasing demand for energy efficiency are factors contributing to the growth of electrical & electronics market worldwide.

An expansion of electronics industry, driven by the emergence of 5G, IoT, and AI technologies, has driven the demand for plastics in electrical & electronics market. Moreover, increasing demand from building & construction industry globally is anticipated to boost demand for plastics across electrical & electronics industry.

Players across the market maintain a high market competition with the implementation of various strategic initiatives such as new Polymer launch, Polymerion expansion, merger & acquisitions, among others. For instance, in may 2023, SABIC announced its expansion of high-heat ULTEM resin portfolio by introducing new glass fibre-reinforced grades that would deliver high flow, custom colour ability, and high strength. This Polymer is well suited for electronic components such as fibre optics and electrical connectors.

The market is witnessing a transformation of the value chain from a linear economy into a circular one. Major players in the market are transitioning to a circular economy to obtain more sustainable solutions and minimize their dependency on crude oil in the future. This trend has led to a rise in the demand for renewable raw materials such as vegetable oil, and plastic waste to produce plastics in recent years.

The rising number of data centers across the world has increased the demand for electronic devices, electrical connectors, laptops, desktops, printing devices, server racks, and other such equipment that are developed from plastics. Polycarbonate is a prime plastic utilized across the IT server industry as it leads to the development of highly durable, flexible, and lightweight twin walls, wall-mounted enclosures, aisle containment panels, cooling system housings, etc.

Moreover, the surging demand for data servers owing to the prevailing trend of cloud computing has led companies such as Facebook, Inc., Amazon.com, Inc., Twitter, and Microsoft Corporation to install sever systems for data storage. This has contributed to the demand for polycarbonate (PC) and other plastics for use in the global IT server industry.

Plastics In Electrical And Electronics Market Report Highlights
  • The expansion of the electronics industry, driven by the emergence of 5G, IoT, and AI technologies, has driven the demand for plastics in electrical & electronics market. Moreover, increasing demand from building & construction industry across the globe is anticipated to boost the demand for plastics across electrical & electronics industry
  • Based on polymer, PVC is commonly used for insulation, cable sheathing, and wire coatings. Its fire resistance and good electrical properties make it an ideal material for ensuring safety and reliability in electrical systems
  • Smartphones, tablets, and computers are ubiquitous in consumer electronics, providing communication, entertainment, and productivity functions. Medical devices such as diagnostic, monitoring, and treatment systems rely on electronic components for accurate and reliable performance
  • The demand for high-quality medical devices across countries such as China, India, and Singapore, is increasing on account of the rising healthcare expenditure which again increases in demand for the market as majority of the medical devices requires polymers, PCBs, electrical casings and others
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot, 2023
2.2. Polymer Segment Snapshot, 2023
2.3. Application Segment Snapshot, 2023
2.4. Competitive Landscape Snapshot
Chapter 3. Plastics in Electrical and Electronics Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Plastics Market Outlook
3.1.2. Global Electrical & Electronics Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Plastics in Electrical and Electronics Market- Business Environment Analysis
3.5.1. Industry Analysis- Porter’s Five Force Analysis
3.5.2. Industry Analysis- Macroeconomic Factors Analysis
3.6. East European Geopolitical Implication of the Industry Overview
3.7. Impact of COVID-19 on Plastics in Electrical and Electronics Market
Chapter 4. Plastics in Electrical and Electronics Market: Polymers Estimates & Trend Analysis
4.1. Polymers Movement Analysis & Market Share, 2023 & 2030
4.2. Plastics in Electrical and Electronics Market Estimates & Forecast, By Polymers, 2018 to 2030 (Kilotons) (USD Million)
4.3. Acrylonitrile butadiene styrene (ABS)
4.3.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by ABS, 2018 - 2030 (Kilotons) (USD Million)
4.4. Polypropylene (PP)
4.4.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PP, 2018 - 2030 (Kilotons) (USD Million)
4.5. Polyurethane (PU)
4.5.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PU, 2018 - 2030 (Kilotons) (USD Million)
4.6. Polyvinyl Chloride (PVC)
4.6.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PVC, 2018 - 2030 (Kilotons) (USD Million)
4.7. Polyethylene (PE)
4.7.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PE, 2018 - 2030 (Kilotons) (USD Million)
4.8. Polycarbonate (PC)
4.8.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PC, 2018 - 2030 (Kilotons) (USD Million)
4.9. Polymethyl Methacrylate (PMMA)
4.9.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PMMA, 2018 - 2030 (Kilotons) (USD Million)
4.10. Polyamide (PA)
4.10.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PA, 2018 - 2030 (Kilotons) (USD Million)
4.11. Others
4.11.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Plastics in Electrical and Electronics Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Plastics in Electrical and Electronics Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
5.3. Wires & cables
5.3.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by Wires & cables, 2018 - 2030 (Kilotons) (USD Million)
5.4. Electrical coating
5.4.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by electrical coating, 2018 - 2030 (Kilotons) (USD Million)
5.5. Printed circuit board (PCB)
5.5.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by PCB, 2018 - 2030 (Kilotons) (USD Million)
5.6. Electronic devices
5.6.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by electronic devices, 2018 - 2030 (Kilotons) (USD Million)
5.7. Electrical connectors
5.7.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by electrical connectors, 2018 - 2030 (Kilotons) (USD Million)
5.8. Others
5.8.1. Plastics in Electrical and Electronics Market, Estimation and Forecast, by others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Plastics in Electrical and Electronics Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2023 & 2030
6.2. North America
6.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.2. U.S.
6.2.2.1. Key country dynamics
6.2.2.2. U.S. Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.3. Canada
6.2.3.1. Key country dynamics
6.2.3.2. Canada Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.4. Mexico
6.2.4.1. Key country dynamics
6.2.4.2. Mexico Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Germany
6.3.2.1. Key country dynamics
6.3.2.2. Germany Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. UK
6.3.3.1. Key country dynamics
6.3.3.2. UK Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. Italy
6.3.4.1. Key country dynamics
6.3.4.2. Italy Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.5. France
6.3.5.1. Key country dynamics
6.3.5.2. France Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. China
6.4.2.1. Key country dynamics
6.4.2.2. China Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. India
6.4.3.1. Key country dynamics
6.4.3.2. India Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. Japan
6.4.4.1. Key country dynamics
6.4.4.2. Japan Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.5. Southeast Asia
6.4.5.1. Key country dynamics
6.4.5.2. Southeast Asia Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5. Central & South America
6.5.1. Central & South America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5.2. Brazil
6.5.2.1. Key country dynamics
6.5.2.2. Brazil Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5.3. Argentina
6.5.3.1. Key country dynamics
6.5.3.2. Argentina Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6.2. Saudi Arabia
6.6.2.1. Key country dynamics
6.6.2.2. Saudi Arabia Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6.3. United Arab Emirates (UAE)
6.6.3.1. Key country dynamics
6.6.3.2. UAE Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6.4. South Africa
6.6.4.1. Key country dynamics
6.6.4.2. South Africa Plastics in Electrical and Electronics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Plastics in Electrical and Electronics Market - Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Market Share/Position Analysis, 2023
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
7.5.1. Expansion
7.5.2. Mergers & Acquisition
7.5.3. Partnerships & Collaborations
7.5.4. New Product Launches
7.5.5. Research And Development
7.6. Company Profiles
7.6.1. BASF SE
7.6.1.1. Participant’s overview
7.6.1.2. Financial performance
7.6.1.3. Product benchmarking
7.6.1.4. Recent developments
7.6.2. Ensinger, Inc.
7.6.2.1. Participant’s overview
7.6.2.2. Financial performance
7.6.2.3. Product benchmarking
7.6.2.4. Recent developments
7.6.3. Covestro AG
7.6.3.1. Participant’s overview
7.6.3.2. Financial performance
7.6.3.3. Product benchmarking
7.6.3.4. Recent developments
7.6.4. TORAY INDUSTRIES, INC.
7.6.4.1. Participant’s overview
7.6.4.2. Financial performance
7.6.4.3. Product benchmarking
7.6.4.4. Recent developments
7.6.5. Radici Partecipazioni SpA
7.6.5.1. Participant’s overview
7.6.5.2. Financial performance
7.6.5.3. Product benchmarking
7.6.5.4. Recent developments
7.6.6. RTP Company
7.6.6.1. Participant’s overview
7.6.6.2. Financial performance
7.6.6.3. Product benchmarking
7.6.6.4. Recent developments
7.6.7. LOTTE Chemical Corporation
7.6.7.1. Participant’s overview
7.6.7.2. Financial performance
7.6.7.3. Product benchmarking
7.6.7.4. Recent developments
7.6.8. Trinseo S.A.
7.6.8.1. Participant’s overview
7.6.8.2. Financial performance
7.6.8.3. Product benchmarking
7.6.8.4. Recent developments
7.6.9. SABIC
7.6.9.1. Participant’s overview
7.6.9.2. Financial performance
7.6.9.3. Product benchmarking
7.6.9.4. Recent developments
7.6.10. Evonik Industries AG
7.6.10.1. Participant’s overview
7.6.10.2. Financial performance
7.6.10.3. Product benchmarking
7.6.10.4. Recent developments
7.6.11. Mitsubishi Chemical Group Corporation
7.6.11.1. Participant’s overview
7.6.11.2. Financial performance
7.6.11.3. Product benchmarking
7.6.11.4. Recent developments
7.6.12. Arkema
7.6.12.1. Participant’s overview
7.6.12.2. Financial performance
7.6.12.3. Product benchmarking
7.6.12.4. Recent developments
7.6.13. LyondellBasell Industries Holdings B.V.
7.6.13.1. Participant’s overview
7.6.13.2. Financial performance
7.6.13.3. Product benchmarking
7.6.13.4. Recent developments
7.6.14. Celanese Corporation
7.6.14.1. Participant’s overview
7.6.14.2. Financial performance
7.6.14.3. Product benchmarking
7.6.14.4. Recent developments
7.6.15. Exxon Mobil Corporation
7.6.15.1. Participant’s overview
7.6.15.2. Financial performance
7.6.15.3. Product benchmarking
7.6.15.4. Recent developments
7.6.16. INEOS Group
7.6.16.1. Participant’s overview
7.6.16.2. Financial performance
7.6.16.3. Product benchmarking
7.6.16.4. Recent developments
7.6.17. CHIMEI
7.6.17.1. Participant’s overview
7.6.17.2. Financial performance
7.6.17.3. Product benchmarking
7.6.17.4. Recent developments

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