Press release
Segment Evaluation and Major Growth Areas in the Plastics in Electronics Market
The plastics in electronics sector is poised for significant expansion over the coming years, driven by technological advancements and growing market demands. As electronic devices continue to evolve with new functionalities and sustainable materials, the role of plastics is becoming increasingly vital. Here's a detailed overview of the market size, key players, emerging trends, and segmentation shaping this dynamic industry.Projected Growth and Market Size of Plastics in Electronics
The plastics in electronics market is forecasted to experience rapid growth, reaching a value of $98.08 billion by 2030. This translates to a compound annual growth rate (CAGR) of 10.4%. Key factors propelling this expansion include rising demand for eco-friendly materials, accelerated adoption of electric vehicles, advancements in high-performance polymers, miniaturization of electronic components, and the growing use of plastics in flexible and wearable electronic devices. Throughout the forecast period, important trends will focus on enhanced polymer insulation, durable plastic casings, flexible circuit substrates, thermal management plastics, and environmentally sustainable electronics plastics.
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Leading Companies Shaping the Plastics in Electronics Market
A number of prominent corporations hold influential positions within the plastics in electronics industry. These include Sinopec Group, BASF SE, Dow Inc., LG Chem, LyondellBasell Industries N.V., SABIC, Mitsubishi Chemical Corporation, Asahi Kasei Corporation, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., Covestro AG, DuPont de Nemours, Inc., Celanese Corporation, Eastman Chemical Company, Teijin Limited, Formosa Plastics Corporation, PolyOne Corporation (now Avient Corporation), INEOS Group, Evonik Industries AG, and Chi Mei Corporation.
In a notable move in July 2025, US-based KDI Precision Manufacturing acquired Envision Plastics and Design, LLC, a company specializing in custom plastic enclosures for electronic and industrial use. This acquisition aims to enhance KDI's plastic manufacturing capabilities and diversify its product offerings within the electronics enclosure segment.
Emerging Trends Highlight Sustainability in Plastics for Electronics
Innovation is a key focus for leading companies in this sector, particularly around polymer technologies that improve sustainability. There is a growing emphasis on developing bio-based and high-performance plastics that reduce dependency on fossil fuels while maintaining essential properties such as durability, thermal resistance, and electrical insulation.
For example, in March 2024, Skullcandy Inc., a US lifestyle audio brand, launched its EcoBuds True Wireless Earbuds made with 65% certified recycled plastics. This product achieves a 50% lower carbon footprint compared to standard designs, illustrating how electronics manufacturers are incorporating advanced polymer technologies to balance sustainability with performance. Such breakthroughs are expected to drive wider adoption of specialized plastics in consumer electronics, automotive applications, and other performance-critical fields.
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How the Plastics in Electronics Market Is Organized by Type and Application
The plastics in electronics market is segmented broadly by product type, application, and end-use industry.
By product type, the market includes thermoplastics, thermosets, engineering plastics, conductive plastics, and other specialized materials. Thermoplastics cover materials such as polycarbonate (PC), polyethylene (PE), polypropylene (PP), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polyamide (PA), and polyethylene terephthalate (PET). Thermosets include epoxy resin, phenolic resin, melamine formaldehyde (MF), urea formaldehyde (UF), and polyurethane (PU). Engineering plastics feature polyoxymethylene (POM), ket*one (PEEK), polyphenylene sulfide (PPS), polyamide-imide (PAI), and polybutylene terephthalate (PBT). Conductive plastics include carbon-filled and metal-filled plastics, polymer composites, and graphene-based plastics. Other types encompass liquid crystal polymers (LCP), silicones, thermoplastic elastomers (TPE), and acrylics.
Applications cover consumer electronics, automotive electronics, industrial electronics, medical devices, and various other uses. End-use industries range from consumer goods and automotive to healthcare, industrial, and additional sectors.
Geographical Overview and Market Outlook
While the report does not specify regional shares here, the global trends discussed imply widespread adoption across multiple regions, driven by increasing demand for advanced electronics and sustainable materials. The plastics in electronics market is set to grow substantially, propelled by innovation and evolving consumer preferences worldwide.
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