Plastics in Consumer Electronics Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global plastics in consumer electronics market were prized by USD 5.50 billion in 2020. It is estimated to witness 3.8% CAGR from 2021 to 2028.

Drivers

The growing demand from wearable as well as smart phone manufacturing companies along with the increasing demand for tablets plus laptops are the factors, expected to power the enlargement of the market for plastics in consumer electronics.

As a result of their possessions, like resistance to heat & chemical, flexibility, and toughness, plastics are commonly consumed in the production procedure of consumer electronics together with white goods & appliances, wearable, LCD panels, TV frames, mobile phone bodies, portable hand-held devices, laptop monitor enclosures, plus others. Therefore, the plastics like PA, PC, TPE, and PC/ABS, contain an extraordinary demand from the consumer electronics manufacturing companies.

To fulfill the escalating demand from the wearable and smart phone manufacturers, plastics in consumer electronics are being consumed for offering superior strength. The market for smart phones presents openings for the utilization of a range of plastic resins, like Polymethyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), and Polycarbonate (PC), because these plastics are utilized for the production of display frames, housings designed for the electronic devices, vibration shields which are strong as well as lightweight and mounting frames. Due to the increasing ecological concerns, major companies are incessantly operational on developing eco-friendly polymers.

Product Insight

The polycarbonate section held above 29.0% revenue share and led the global plastics in consumer electronics market, in 2020. Polycarbonate contains the capability to go through enormous plastic deformations with no cracking or breaking. This makes it different from additional thermoplastics. It is exceptionally tough; in addition to it can resist high temperatures with no trouble.

On top of usual applications, like lenses, polycarbonates are broadly utilized in the manufacturing of mobile cases, DVDs, television frames, Blue-ray discs, plus additional attachments for the electronic devices.

Plastics in consumer electronics coatings are utilized to give a durable, smooth finish possessing extreme confrontation to chemical and UV contact. Plastics in consumer electronics coatings are consumed in automotive, construction, textile, wood plus additional functions to make better the durability as well as look of a product.

Usually, PC/ABS combination is utilized like a fire retardant which is presenting greater resistance to heat, better processing, superior impact power, biocompatibility and flexibility. These possessions create it appropriate for manufacturing housings, designed for electronic devices.

In the midst of the worldwide Covid-19 pandemic, the requirement for healthcare devices, like blood pressure monitors, Oximeters, and thermometers has augmented. By this means, pushing the global demand for PC/ABS.

Application Insight

The laptop monitor enclosure application sector held above 22.0% share of the entire transaction and directed the market, in 2020. Rising digitalization through each industry has boosted globally the market for computer electronics because of the increasing demand from the middle-class people and the presentation of easy to use interfaces. As a result of their extraordinary strength, plastics utilized for making laptop monitor enclosures augment the lifespan of the device.

Owing to their low down weight plus simple interface, together with increasing consumer consciousness about following a healthful way of life, wearable electronics consisting of eyeglasses, smart watches, fitness trackers plus others have increased attractiveness. As the plastics are opposing to high temperatures & chemicals, durable, and flexible, they are extensively used up for making wearable electronics.

Regional Insight

In 2020, Asia Pacific held above 67.0% revenue share of the global market for plastics in consumer electronics and was the major local market. By means of both revenue and quantity China dominated the Asia Pacific market in 2020.

Pushed by the rising acceptance of bio sourced polycarbonate by means of consumer electronics manufacturing companies, the Asia Pacific led the plastics section in the market for consumer electronics.

A number of key consumer electronics manufacturing companies working in China are Guangdong Oppo Mobile Telecommunications Corp., Ltd., Sharp Corp., Huawei, Haier, Xiaomi, Lenovo Group Ltd., and Hisense.

The plastic material is a non conductive of electricity. It is utilized for making electrical appliances like television and air conditioners frames. Polycarbonate (PC)/Acrylonitrile Butadiene Styrene (ABS), combination is utilized for making computer housings, telephone handsets, monitors, and keyboards. Polyamide (PA) is utilized in food processor adopters along with bearings and Polycarbonate (PC) in telephones. Increasing demand for the consumer electronics is likely to push the local market for plastics, during the forecast period.

Increasing disposable income, enhancing standards of living, increasing populace and fast urban as well as industrial developments are the factors, adding to the enlargement of the consumer electronics business within Middle East & Africa, Asia Pacific and Central & South America regions.

Companies

Owing to the attendance of a few small as well as medium scale local companies, the market is aggressive. The main companies are incessantly operational on building up the eco-friendly polymers, because of the increasing ecological concerns.

Mainstream global companies are anticipated to boost their product contributions to Middle East & Africa, Asia Pacific, and Central & South America, because of the elevated prospective of the market enlargement within these regions, due to the growth of consumer electronics manufacturing.

Some of the companies for plastics in consumer electronics market are:

• Koninklijke DSM N.V.
• Mitsubishi Chemical Corp.
• Lotte Chemical Corp.
• Celanese Corp.
• Trinseo S.A.
• Qingdao Gon Science & Technology Co., Ltd.
• SAMSUNG SDI Co., Ltd.
• LG Chem
• SABIC
• Covestro AG

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global plastics in consumer electronics market report based on product, application, and region:

• Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
    • Polycarbonate (PC)
    • Liquid Crystal Polymer (LCP)
    • Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) Glass Filled Resin
    • Bio-based Polycarbonate
    • Thermoplastic Elastomers (TPE)
    • Polyamide (PA)

• Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
    • TV Frames
    • Laptop Monitor Enclosures
    • LCD Panels
    • Portable Hand-held Devices
    • Wearables
    • Mobile Phone Bodies
    • Appliances & White Goods
    • Others

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Southeast Asia
    • Central & South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia