Global Plastics in Consumer Electronics Market Insights Forecasts to 2033

• The Global Plastics in Consumer Electronics Market Size was Valued at USD 14.49 Billion in 2023
• The Market Size is Growing at a CAGR of 6.50% from 2023 to 2033
• The Worldwide Plastics in Consumer Electronics Market Size is Expected to Reach USD 27.20 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Plastics in Consumer Electronics Market Size is Anticipated to Exceed USD 27.20 Billion by 2033, Growing at a CAGR of 6.50% from 2023 to 2033.  

Market Overview                                    

Plastics in consumer electronics refer to the utilization of various plastic materials in the creation of electronic gadgets. These materials have various advantages, including excellent strength-to-weight ratios, electrical insulation, and design freedom. Plastics are utilized in many consumer electronics components, such as casings, connectors, displays, circuit boards, and packaging. The usage of plastics in consumer electronics has transformed the industry, allowing for the creation of lighter, more compact, and visually pleasing gadgets. The plastic industry for consumer electronics is expanding due to favorable demographics, evolving lifestyles, and rising customer awareness of the quality of electronic plastic products. Rapid industrialization and urbanization have resulted in the development of smart cities, which are probably to stimulate industrial growth in the electronic and electrical markets this benefits the consumer electronics plastic industry. The expanding number of plastic electronic markets with a diverse range of product options available worldwide is also driving up demand for the plastic electronics industry. Furthermore, Government programs utilized worldwide have redirected manufacturers' focus to the development of bio-based and biodegradable products. As a result, it benefits markets for the development of recyclable plastics for the consumer electronics industry.

Report Coverage

This research report categorizes the market for the plastics in consumer electronics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the plastics in consumer electronics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the plastics in consumer electronics market.

Driving Factors

Plastics are suitable for consumer electronics because of their lightweight nature, which improves portability and user comfort. Plastics also provide durability, assuring the longevity of electronic equipment, which is a key reason pushing their market growth. Plastics could be formed into a variety of forms and sizes, allowing manufacturers to produce sleek and visually appealing products that cater to a wide range of consumer preferences.

Restraining Factors

The costs of plastic raw materials are vulnerable to swings due to factors such as crude oil prices, supply-demand imbalances, and geopolitical problems this volatility in raw material pricing can offer challenges for producers in terms of cost control and profitability.

Market Segmentation

The plastic in consumer electronics market share is classified into product and application.

• The polycarbonate (PC) segment accounted for the largest revenue share over the forecast period.

Based on the product, the plastics in consumer electronics market is categorized into polycarbonate (PC), liquid crystal polymer (LCP), polycarbonate/acrylonitrile butadiene styrene (PC/ABS) glass filled resin, bio-based polycarbonate, thermoplastic elastomers (TPE), and polyamide (PA). Among these, the polycarbonate (PC) segment accounted for the largest revenue share over the forecast period. Polycarbonate is a thermoplastic polymer with high impact strength, optical clarity, and heat resistance, in addition to remarkable dimensional stability. It can be tinted or clear. Polycarbonate stands out from other thermoplastics since it can tolerate massive plastic deformations without breaking or cracking. It is extremely durable and can withstand incredibly high temperatures.

• The laptop monitor enclosures segment holds the highest market share through the forecast period.

Based on the application, the plastics in consumer electronics market is categorized into TV frames, laptop monitor enclosures, LCD panels, portable hand-held devices, wearables, mobile phone bodies, appliances & white goods, and others. Among these, the laptop monitor enclosures segment holds the highest market share through the forecast period. The appearance of user-friendly interfaces and increased demand from the middle class has driven the global market for computer electronics, as digitalization has spread across all industries. Due to their beneficial resilience, plastics used in the manufacture of laptop monitor enclosures extend the device's lifespan.

Regional Segment Analysis of the plastics in consumer electronics market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the plastics in consumer electronics market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the plastics in consumer electronics market over the forecast period. Consumer inclination towards attractive new products including cell phones, TVs, etc., and factors involving changing lifestyle patterns, with improved physical and mechanical characteristics influencing the buyers, especially in the Asia Pacific Region, helped to create a positive impact on the plastic electronic market. Other factors that contributed to the growth of the plastic electronic market were labor, land, and raw materials; large investments in the R&D center; and growing demand for plastic in automotive, construction, and packaging.

North America is expected to grow at the fastest CAGR growth in the plastics in consumer electronics market during the forecast period. The demand for plastic in electronics has increased as a result of the widespread production of toys, jewelry, and other products for consumption using substitute materials including rubber, glass, and wood. The casings of many smartphones, including the Samsung Galaxy and iPhone series, are composed of glass-filled resins, PC/ABS blends, or polycarbonate. These fabrics are strong without sacrificing their elegance or slenderness. Additionally, the Plastics Industry Association indicates that plastics are widely utilized in the electronics, packaging, and automotive industries and that their use is expected to increase as material technology progresses.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the plastics in consumer electronics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Trinseo S.A.
• Covestro AG
• Celanese Corp.
• SABIC
• Lotte Chemical Corp.
• LG Chem
• Mitsubishi Chemical Corp.
• Koninklijke DSM N.V.
• Kuraray Co., Ltd.
• Qingdao Gon Science & Technology Co., Ltd.
• DuPont de Nemours Inc.
• LANXESS AG
• PolyOne Corporation
• Teijin Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2023, Trinseo, a specialized materials solutions supplier, introduced INDUROTM, a highly engineered continuous cast acrylic capped sheet created particularly as a better durable material substitute for external panels in recreational and other mobility vehicles.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the plastics in consumer electronics market based on the below-mentioned segments: 

Global Plastics in Consumer Electronics Market, By Product

• Polycarbonate (PC)
• Liquid Crystal Polymer (LCP)
• Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) Glass Filled Resin
• Bio-based Polycarbonate
• Thermoplastic Elastomers (TPE)
• Polyamide (PA)

Global Plastics in Consumer Electronics Market, By Application

• TV Frames
• Laptop Monitor Enclosures
• LCD Panels
• Portable Hand-held Devices
• Wearables
• Mobile Phone Bodies
• Appliances & White Goods
• Others

Global Plastics in Consumer Electronics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa