Plastics Market for Electrical Appliances 2017 - 2025 | Ineous Styrolution, LG Chem Ltd., BASF SE, Saudi Basic Industries Corporation (SABIC), ExxonMobil Corporation, LANXESS

- Plastics Market for Electrical Appliances – Overview

Plastic is one of the highly functional, esthetic, and sustainable materials. It has replaced materials such as metal, concrete, and wood, as it is light in weight, corrosion proof, economical, and esthetically appealing. Manufacture of plastic also entails less energy. Global production of plastic stood at 322 million tons in 2015 and is estimated to increase at a CAGR of 6% to 7% by 2020.
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Plastics are bad conductors of electricity. Therefore, they are used in applications that require insulating properties. For instance, PVC is commonly used in wires and cables, while thermosets such as PU and PE are used in handles, switches, etc. Plastics is employed in outer body packaging of household appliances (toaster, blender, mixer, etc.) and personal care appliances (hair dryers, electrical razors, etc.).

Plastic plays a vital role in reduction of weight of appliances. Plastics offer freedom of design in terms of product differentiation. They also save time in processes such as welding of parts or assembly of components. Usage of plastics also lowers the cost of post-machining processes such as painting, which can be achieved by mixing color additives in polymer resin composition. Plastics can be molded as per the product requirement prior to their fitting in the assembly as well. Electrical insulation, heat insulation, lightness of weight, freedom of design, and durability are some of the qualities of plastics that boost its usage in the manufacture of electrical appliances.

The study includes profiles of major companies operating in the global plastics market. Key players profiled in the global plastics market include Ineous Styrolution, LG Chem Ltd., BASF SE, Saudi Basic Industries Corporation (SABIC), ExxonMobil Corporation, LANXESS, Trinseo, Covestro AG, Toray Industries, Inc., LyondellBasell, Asahi Kasei Corporation, Mitsubishi Chemicals Corporation, Koninklijke DSM N.V., Reliance Industries Limited, Eni S.p.A., IRPC Public, SCG Chemicals, Petro Rabigh, Formosa Plastics, Hanwha Total Petrochemical Co. Ltd., GS Caltex, and SK Chemicals. Market players have been profiled in terms of attributes such as company overview, business strategies, recent developments, and financial details.

The report provides the estimated market size of plastics for 2016 and forecast for the next nine years. The global size of the plastics market has been provided in terms of volume and revenue. Market numbers have been estimated based on resin, appliance, and region. Market size and forecast for each product and end-user industry have been provided in terms of global and regional markets.

- Plastics Market for Electrical Appliances, by Resin

Polycarbonate (PC)
Polypropylene (PP)
Acrylonitrile Butadiene Styrene and Styrene-acrylonitrile (ABS & SAN)
Low-density Polyethylene (LDPE/LLDPE)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polyamide (PA)
Others
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- Plastics Market for Electrical Appliances, by Appliance

Refrigeration Appliances (RA)
Home Laundry Appliances (HLA)
Dishwashers (DW)
Air Treatment Products (ATP)
Microwaves (MW)
Small Cooking Appliances (SCA)
Vacuum Cleaners (VC)
Food Preparation Appliances (FPA)
Personal Care Appliances (PCA)
Irons (IR)
Others
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