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 2024-31, 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.

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

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Material Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Koninklijke DSM N.V., LG Chem Ltd., SABIC, Solvay SA, and Covestro AG among others

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

A full Report of Electrical & Electronic Plastics Market is Available @  https://www.omrglobal.com/industry-reports/electrical-and-electronic-plastics-market

Electrical & Electronic Plastics Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles 

BASF SE
Celanese Corp.
DuPont
Ensinger Group
Lotte Chemical Corp.
Mitsubishi Chemical Corp.
Qingdao Gon Science & Technology Co., Ltd. ?
Radici Group
RTP Company, Inc.
SAMSUNG SDI Co., Ltd.
Techno Plast Products
TORAY Industries, Inc.
Trinseo S.A.

Reasons to buy from us –

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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