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Plastics in Consumer Electronics Market, Global Outlook and Forecast 2024-2032

Plastics in Consumer Electronics Market, Global Outlook and Forecast 2024-2032

  • Published on : 10 May 2024
  • Pages :125
  • Report Code:SMR-7827711

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Report overview

The global Plastics in Consumer Electronics market was valued at US$ 6.50 billion in 2023 and is projected to reach US$ 10.7 billion by 2030, at a CAGR of 6.50% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

This report aims to provide a comprehensive presentation of the global market for Plastics in Consumer Electronics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Plastics in Consumer Electronics. This report contains market size and forecasts of Plastics in Consumer Electronics in global, including the following market information:

  • Global Plastics in Consumer Electronics Market Revenue, 2018-2023, 2024-2032, ($ millions)
  • Global Plastics in Consumer Electronics Market Sales, 2018-2023, 2024-2032, (Kiloton)
  • Global top five Plastics in Consumer Electronics companies in 2023 (%)

The global key manufacturers of Plastics in Consumer Electronics include Braskem, Nova Chemicals, BASF, Chevron Phillips Chemical Company, Dow Chemical, DuPont, Eastman Chemical, Exxon Mobil Chemical and Formosa Plastics, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

Plastics play a vital role in the consumer electronics industry, providing essential properties such as durability, lightweight, and versatility. 

Regional Distribution

  • Asia-Pacific dominates the market, accounting for nearly 45% of the global demand. This is largely driven by the massive electronics manufacturing hubs in countries like China, Japan, and South Korea.
  • North America and Europe follow, with market shares of 25% and 20%, respectively, reflecting strong consumer electronics industries and high consumption rates.

Applications of Plastics in Consumer Electronics

  • Smartphones and Tablets

    • Over 90% of smartphones and tablets incorporate plastic components. These include housings, connectors, and internal structures, which are essential for device integrity and performance.
  • Computers and Peripherals

    • Plastics are extensively used in laptops, desktops, and peripheral devices. In 2022, approximately 70 million laptops were sold globally, with plastic casings and components being integral to their design.
  • Home Appliances

    • Consumer electronics like televisions, refrigerators, and washing machines heavily rely on plastic parts. For instance, around 80% of modern televisions use plastic for their casings and internal parts, balancing durability with lightweight properties.

Environmental Impact

  • Recycling Rates

    • The recycling rate for plastics in consumer electronics varies widely by region. In Europe, about 42% of electronic waste plastics are recycled, while in North America, the rate is approximately 35%. The global average recycling rate stands at around 20%.
  • Sustainability Initiatives

    • Many electronics manufacturers are increasingly focusing on sustainability. Companies like Apple and Samsung are investing in recycled plastics and bio-based polymers. Apple, for instance, reported that in 2022, 30% of the plastics used in their products were recycled or biobased.

Plastics are indispensable in the consumer electronics industry, contributing to the functionality, affordability, and sustainability of modern devices. With ongoing advancements and a growing focus on recycling and biodegradable materials, the role of plastics is set to evolve, meeting the demands of both consumers and environmental standards.

WE surveyed the Plastics in Consumer Electronics manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Plastics in Consumer Electronics Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Plastics in Consumer Electronics Market Segment Percentages, by Type, 2023 (%)
  • 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, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Plastics in Consumer Electronics Market Segment Percentages, by Application, 2023 (%)
  • TV
  • Computer
  • Mobile Phone
  • Tablet
  • Wearable Device
  • Home Appliances
  • Others
Global Plastics in Consumer Electronics Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Kiloton)
Global Plastics in Consumer Electronics Market Segment Percentages, By Region and Country, 2023 (%)
  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:
  • Key companies Plastics in Consumer Electronics revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies Plastics in Consumer Electronics revenues share in global market, 2023 (%)
  • Key companies Plastics in Consumer Electronics sales in global market, 2018-2023 (Estimated), (Kiloton)
  • Key companies Plastics in Consumer Electronics sales share in global market, 2023 (%)
key players include:
  • Braskem
  • Nova Chemicals
  • BASF
  • Chevron Phillips Chemical Company
  • Dow Chemical
  • DuPont
  • Eastman Chemical
  • Exxon Mobil Chemical
  • Formosa Plastics
  • NatureWorks
  • PolyOne
  • Trinseo S.A.
  • Covestro AG
  • Celanese Corp
  • SABIC
  • Lotte Chemical
  • LG Chem
  • Mitsubishi Chemical Corp.
  • SAMSUNG SDI Co., Ltd.
  • DSM
  • Kuraray Co. Ltd
Outline of Major Chapters:
Chapter 1: Introduces the definition of Plastics in Consumer Electronics, market overview.
Chapter 2: Global Plastics in Consumer Electronics market size in revenue and volume.
Chapter 3: Detailed analysis of Plastics in Consumer Electronics manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Plastics in Consumer Electronics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Plastics in Consumer Electronics capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.