Transparency Market Research in its new report titled, “Plastics Market for Consumer Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the plastics market for consumer electronics market. The new report anticipates that the expansion of the electronics & electricals industry will drive the plastics market for consumer electronics market during the forecast period i.e, 2018-2026.

As per the report, the electronics & electricals industry has evolved in recent years. The industry invests significantly in new product development to meet the evolving needs of consumers. Use of plastics in the manufacture of electrical appliances is increasing. Factors such as reduction in appliance weight, aesthetics, and favorable characteristics of plastics are boosting the usage of plastics in consumer electronics products. The demand for electronics, especially mobile phones and laptops, has been rising over the past couple of years. The demand is impacted by several factors such as availability of products and their trends, product development, per capita expenditure, disposable income, economic factors, etc.

In terms of product, the report has segregated the plastics market for consumer electronics into polycarbonate (PC), acrylonitrile butadiene styrene (ABS), styrene-acrylonitrile resin (SAN), acrylonitrile styrene acrylester (ASA), polystyrene (PS), poly-(methyl methacrylate) (PMMA), and others (including styrene ethylene butadiene styrene (SEBS), polyphenylene ether (PPE), polyphenylene oxide (PPO), polyamide (PA), and plastic blends). Based on application, the plastics market for consumer electronics market is split into computers & accessories, cell phones, television sets, and sound systems (VCRs, CD players, DVD systems, etc.).

On the basis of regional perspective, Asia Pacific is anticipated to be a lucrative region of the plastics market for consumer electronics as presence of numerous manufacturing facilities for electronic products in the region has elevated the demand for plastics in Asia Pacific. The region is a hub for the electrical & electronics industry in terms of production as well as consumption of electronic products. In accordance with demand, North America is expected to offer considerable opportunities to the plastics market for consumer electronics owing to the presence of numerous plastic manufacturing facilities in the region. Furthermore, R&D required for selection, processing, and application of plastics in electronics is prominent in the region.
Major players operating in the plastics market for consumer electronics are profiled in this report to give a better competitive analysis and these include LG Chem Ltd., DowDuPont, LyondellBasell, Trinseo, INEOS Group, SABIC, and ExxonMobil Corporation.

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