The global electrical & electronic plastics market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period. The growing consumer goods industry is a key factor driving the global electrical & electronic plastic market. According to Invest India, domestic Indian electronic devices market to reach $300 Bn by FY26. As per the data provided by DGCI&S, the export of electronic goods has increased from $11 billion in year 2020-21 to $14.6 billion in year 2021-22, exhibiting a Y-O-Y growth of 34.0% over last year. Government has taken several measures for the growth of the exports of electronics hardware sector. Special Economic Zones (SEZs) are set up to enable hassle-free manufacturing and trading for export purposes and EHTP units are the major contributors to exports.
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Production of mobile phones has gone up from 6 crore units in 2014-15 to 29 crore units in 2020-21 thus making the domestic manufacturing of cellular mobile handsets and its sub-assemblies/ parts and components as one of the flagship sectors under the “Make in India” initiative of the Government. With per capita disposable income and private consumption having doubled between FY12 and FY21, India has emerged as one of the largest markets for electronic products in the world. Plastics do not conduct electricity and are therefore used in a variety of applications where their insulating properties are needed. PVC is widely used to insulate electric wiring, while thermosets (which can withstand high temperatures) are used for switches, light fittings and handles. Therefore, growing consumer electronics industry is anticipated to drive demand for electrical & electronic plastics market.
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Market Coverage
- Segment Covered-
o By Material Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Koninklijke DSM N.V., LG Chem Ltd., SABIC, Solvay SA, and Covestro AG among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electrical & Electronic Plastics Market Report Segment
By Material Type
- PA 6
- PA66 FR
- Polybutylene terephthalate (PBT)
- Polyethylene terephthalate (PET)
By Application
- Automotive
- Consumer Goods
- Industrial
- Medical
- Other
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
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