Press release
Electronics & Consumer Goods Plastics Market Deep Research Report with Forecast by 2034 |Celanese Corp.,Covestro AG,Koninklijke DSM N.V.
Electronics & Consumer Goods Plastics Market
The global electronics & consumer goods plastics market is projected to witness a growth rate of 38.3% annually from 2025 to 2034, with USD 18.99 billion in 2024 to USD 483.29 billion by 2034, according to an analysis by Polaris Market Research.
Market Definition
The prevalent usage of plastic substances for electronics, particularly in gadgets such as computers, mobile phones, and other consumer electronics, has transformed product designs. From electronic gadget casings to plastic circuit boards, the development of polymer constituents for electronics has been notable.
The fundamental notion of generating extensive compounds from uncomplicated, tedious units renders plastic manufacturing unusually productive. Plastics have assisted in decreasing product load and generating more long-lasting items that can endure extended usage. Plastic injection molding provides intricate and elevated proportions for electronic applications.
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Competitive Landscape
The critical contenders in the market are concentrating on research and development to improve their commodities and services offerings and drive market demand. List of key companies profiled in the electronics & consumer goods plastics market are:
Keyplayers:
Celanese Corp.
Covestro AG
Koninklijke DSM N.V.
LG Chem
Lotte Chemical Corp.
Mitsubishi Chemical Corp.
Qingdao Gon Science & Technology Co., Ltd.
SABIC
SAMSUNG SDI Co., Ltd.
Trinseo S.A.
Segment Insights
The market is segmented into product, application, and region. Based on product, the polyamide (PA) segment dominated the market in 2024. This can be credited to its preferred mechanical attributes, such as high strength, impact longevity, and thermal resistance. PA can be outlined in several configurations, and its lucidity and weightless nature have rendered it an approved option for composing long-lasting and attractive devices.
Based on the application, the mobile phone bodies segment held the largest market share. This can be attributed to the growing demand for smartphones worldwide. Plastics such as polycarbonate, ABS, and polyamide are favored options for traditional mobile phone cases due to their robustness, longevity, and attractive qualities. Further, the growing demand for consumer commodities in advancing markets pushes the spearheading positioning of this segment in the global market.
Electronics & Consumer Goods Plastics Market, Product Outlook (Revenue - USD Billion, 2020-2034)
Bio-Based Polycarbonate
Liquid Crystal Polymer (LCP)
Polyamide (PA)
Polycarbonate (PC)
Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS)
Glass Filled Resin
Thermoplastic Elastomers (TPE)
Electronics & Consumer Goods Plastics Market, Application Outlook (Revenue - USD Billion, 2020-2034)
Appliances and White Goods
Laptop Monitor Enclosures
LCD Panels
Mobile Phone Bodies
Portable Hand-held Devices
TV Frames
Wearables
Others
Regional Analysis:
Electronics & Consumer Goods Plastics Market, Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
Product Outlook
Bio-Based Polycarbonate
Liquid Crystal Polymer (LCP)
Polyamide (PA)
Polycarbonate (PC)
Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS)
Glass Filled Resin
Thermoplastic Elastomers (TPE)
Application Outlook
Appliances and White Goods
Laptop Monitor Enclosures
LCD Panels
Mobile Phone Bodies
Portable Hand-held Devices
TV Frames
Wearables
Others
Market Drivers
Makers are growingly concentrating on substances that offer longevity without escalating weight, rendering plastics appropriate for weightless commodities such as smartphones, laptops, and small devices. The feasibility of plastics showcases another benefit, sanctioning a gamut of configurations and outlines that enhance commodity operations and differentiate it, thereby propelling the electronics & consumer goods plastics market growth.
Speedy urban advancements and progressions in LED technology have caused an escalating acquisition of green lighting instruments such as LEDs. Conversely, CFL, incandescent, and halogen bulbs, LEDs offer better lumen output with decreased wattage, inspiring makers to generate progressive LED lighting alternatives.
Electronics & Consumer Goods Plastics Market Report Highlights
✔︎ Based on product, the polyamide (PA) segment accounted for the largest market share in 2024 due to its mechanical properties, including high strength, impact resistance, and thermal stability.
✔︎ Based on application, the mobile phone bodies segment dominated the electronics & consumer goods plastics market in 2024. With the rising demand for smartphones, plastic serves as a lightweight yet highly durable material ideal for constructing phone casing.
✔︎ Asia Pacific dominated the global market in 2024, driven by the presence of key consumer product manufacturers in emerging countries such as Korea, Japan, India, and China.
✔︎ North America is anticipated to witness significant growth in the global market during the forecast period, driven by the robust urbanization and industrialization in the region.
✔︎ Trinseo S.A.; Covestro AG; Celanese Corp.; SABIC; Lotte Chemical Corp.; LG Chem; Mitsubishi Chemical Corp.; SAMSUNG SDI Co., Ltd.; Koninklijke DSM N.V.; Qingdao Gon Science & Technology Co., Ltd. are a few global key players in the market.
FAQ's
» What is the expected industry size of animal feed Electronics & Consumer Goods Plastics Market?
» Who are the top market players in the market?
» Which region contribute notably towards the global animal feed Electronics & Consumer Goods Plastics Market?
» What will be the expected CAGR of animal feed Electronics & Consumer Goods Plastics Market during the forecast period (2023-2032)
» What are the key segments in the animal feed Electronics & Consumer Goods Plastics Market?
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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