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Global Plastics In Electrical And Electronics Market to reach USD 53.79 billion by the end of 2030

Global Plastics In Electrical And Electronics Market Size study & Forecast, by Polymer (Acrylonitrile butadiene styrene, Polypropylene, Polyurethane, Polyvinyl Chloride, Polyethylene, Polycarbonate, Polymethyl Methacrylate, Polyamide, Others), by Application (Wires & cables, Electrical insulation, Printed circuit boards, Others) and Regional Analysis, 2023-2030

Product Code: CMCC-85415671
Publish Date: 20-02-2024
Page: 200

Global Plastics In Electrical And Electronics Market is valued at approximately USD 35.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.2% during the forecast period 2023-2030. Plastics play a pivotal role in the electrical and electronics industry, contributing to the efficiency, safety, and innovation of various devices and components. The versatility of plastics allows for the creation of lightweight, durable, and insulating materials, making them essential for producing electrical enclosures, wiring insulation, connectors, and housings for electronic gadgets. The integration of plastics in these applications ensures the safety, and reliability of electrical devices also contributes to advancements in design flexibility, cost-effectiveness, and overall product performance in the dynamic field of Electrical and Electronics. The Plastics In Electrical And Electronics Market are expanding because of factors such as the rising expansion of the electronics industry, increasing demand from the building & and construction industry and rising adoption of electric vehicles.

The proliferation of smartphones, tablets, laptops, and other consumer electronics drives the demand for high-performance plastics. These materials are used in casings, components, and connectors to provide durability and aesthetic appeal. As per Statista’s data, the revenue from consumer electronics in 2020 amounted to USD 959.67 billion, which increased to USD 987.16 billion in 2022, this upward trend is expected to continue, with an anticipated revenue reaching USD 1152.88 billion by the year 2028. Thus, the rising electronic industry is driving market growth. In addition, rising product innovation activities and rising demand for medical monitoring devices are creating new opportunities for the market growth. However, the emergence of alternative materials and high initial costs of specialized plastics stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Plastics In Electrical And Electronics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The Asia Pacific market is poised for significant expansion in the forecast period, driven by the increasing disposable income in emerging economies within the region. Additionally, the demand for top-notch medical devices is on the rise in countries such as China, India, and Singapore, driven by a surge in healthcare expenditure. This heightened demand is contributing to the increased need for plastics, essential in the production of Polymers, Printed Circuit Boards (PCBs), and electrical casings, among other components integral to medical device manufacturing. Europe is expected to grow at the fastest rate over the forecast period, owing to factors such as expansion in the construction industry, and government support to the electronic industry in the region.

Major market player included in this report are:
Ensinger, Inc.
Covestro AG
Radici Partecipazioni SpA
RTP Company
LOTTE Chemical Corporation
Trinseo S.A.
Mitsubishi Chemical Group Corporation
Evonik Industries AG

Recent Developments in the Market:
Ø In May 2023, SABIC expanded its high-heat ULTEM resin portfolio by introducing new grades reinforced with glass fiber. These additions offer features including high flow, customizable color options, and enhanced strength. Specifically tailored for electronic components such as fiber optics and electrical connectors, this product aligns well with the stringent requirements of these applications.
Ø In May 2022, BASF SE introduced Ultradur B4335G3 HR HSP as the latest addition to its Polybutylene Terephthalate (PBT) portfolio. With a focus on industries such as electrical and electronics, as well as automotive, the company continues to expand its range of PBT offerings.

Global Plastics In Electrical And Electronics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Polymer, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Polymer:
Acrylonitrile butadiene styrene (ABS)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Polycarbonate (PC)
Polymethyl Methacrylate (PMMA)
Polyamide (PA)

By Application:
Wires & cables
Electrical insulation
Printed circuit boards (PCBs)
Electronic devices
Electrical connectors

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Plastics In Electrical And Electronics Market, by Region, 2020-2030 (USD Billion)
1.2.2. Plastics In Electrical And Electronics Market, by Polymer, 2020-2030 (USD Billion)
1.2.3. Plastics In Electrical And Electronics Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plastics In Electrical And Electronics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plastics In Electrical And Electronics Market Dynamics
3.1. Plastics In Electrical And Electronics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising expansion of electronics industry Increasing demand from building & and construction industry Rising adoption of electric vehicles
3.1.2. Market Challenges Emergence of alternative materials High initial costs of specialized plastics
3.1.3. Market Opportunities Rising product innovation activities Rising demand for medical monitoring devices
Chapter 4. Global Plastics In Electrical And Electronics 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
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Plastics In Electrical And Electronics Market, by Polymer
5.1. Market Snapshot
5.2. Global Plastics In Electrical And Electronics Market by Polymer, Performance – Potential Analysis
5.3. Global Plastics In Electrical And Electronics Market Estimates & Forecasts by Polymer 2020-2030 (USD Billion)
5.4. Plastics In Electrical And Electronics Market, Sub Segment Analysis
5.4.1. Acrylonitrile butadiene styrene (ABS)
5.4.2. Polypropylene (PP)
5.4.3. Polyurethane (PU)
5.4.4. Polyvinyl Chloride (PVC)
5.4.5. Polyethylene (PE)
5.4.6. Polycarbonate (PC)
5.4.7. Polymethyl Methacrylate (PMMA)
5.4.8. Polyamide (PA)
5.4.9. Others
Chapter 6. Global Plastics In Electrical And Electronics Market, by Application
6.1. Market Snapshot
6.2. Global Plastics In Electrical And Electronics Market by Application, Performance – Potential Analysis
6.3. Global Plastics In Electrical And Electronics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Plastics In Electrical And Electronics Market, Sub Segment Analysis
6.4.1. Wires & cables
6.4.2. Electrical insulation
6.4.3. Printed circuit boards (PCBs)
6.4.4. Electronic devices
6.4.5. Electrical connectors
6.4.6. Others
Chapter 7. Global Plastics In Electrical And Electronics Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Plastics In Electrical And Electronics Market, Regional Market Snapshot
7.4. North America Plastics In Electrical And Electronics Market
7.4.1. U.S. Plastics In Electrical And Electronics Market Polymer breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Plastics In Electrical And Electronics Market
7.5. Europe Plastics In Electrical And Electronics Market Snapshot
7.5.1. U.K. Plastics In Electrical And Electronics Market
7.5.2. Germany Plastics In Electrical And Electronics Market
7.5.3. France Plastics In Electrical And Electronics Market
7.5.4. Spain Plastics In Electrical And Electronics Market
7.5.5. Italy Plastics In Electrical And Electronics Market
7.5.6. Rest of Europe Plastics In Electrical And Electronics Market
7.6. Asia-Pacific Plastics In Electrical And Electronics Market Snapshot
7.6.1. China Plastics In Electrical And Electronics Market
7.6.2. India Plastics In Electrical And Electronics Market
7.6.3. Japan Plastics In Electrical And Electronics Market
7.6.4. Australia Plastics In Electrical And Electronics Market
7.6.5. South Korea Plastics In Electrical And Electronics Market
7.6.6. Rest of Asia Pacific Plastics In Electrical And Electronics Market
7.7. Latin America Plastics In Electrical And Electronics Market Snapshot
7.7.1. Brazil Plastics In Electrical And Electronics Market
7.7.2. Mexico Plastics In Electrical And Electronics Market
7.8. Middle East & Africa Plastics In Electrical And Electronics Market
7.8.1. Saudi Arabia Plastics In Electrical And Electronics Market
7.8.2. South Africa Plastics In Electrical And Electronics Market
7.8.3. Rest of Middle East & Africa Plastics In Electrical And Electronics Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. BASF SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Ensinger, Inc.
8.3.3. Covestro AG
8.3.5. Radici Partecipazioni SpA
8.3.6. RTP Company
8.3.7. LOTTE Chemical Corporation
8.3.8. Trinseo S.A.
8.3.9. Mitsubishi Chemical Group Corporation
8.3.10. Evonik Industries AG
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
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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