Canada Plastics In Consumer Electronics Market Size & Outlook
Canada plastics in consumer electronics market, 2017-2028 (US$M)
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Canada plastics in consumer electronics market highlights
- The Canada plastics in consumer electronics market generated a revenue of USD 134.2 million in 2021 and is expected to reach USD 176.9 million by 2028.
- The Canada market is expected to grow at a CAGR of 4% from 2022 to 2028.
- In terms of segment, polycarbonate (pc) was the largest revenue generating product in 2021.
- Bio-based Polycarbonate Resin is the most lucrative product segment registering the fastest growth during the forecast period.
Plastics in consumer electronics market data book summary
| Market revenue in 2021 | USD 134.2 million |
| Market revenue in 2028 | USD 176.9 million |
| Growth rate | 4% (CAGR from 2021 to 2028) |
| Largest segment | Polycarbonate (pc) |
| Fastest growing segment | Bio-based Polycarbonate Resin |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polycarbonate (PC), Liquid Crystal Polymers (LCP), PC/ABS Glass Filled Resins, Bio-based Polycarbonate Resin, Thermoplastic Elastomers, Polyamides |
| Key market players worldwide | Trinseo PLC, Covestro AG, Celanese Corp Class A, SABIC, Lotte Chemical, LG Chem, Mitsubishi Chemical Group Corp, Samsung SDI Co Ltd GDR - 144A, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Canada accounted for 2.3% of the global plastics in consumer electronics market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. plastics in consumer electronics market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 176.9 million by 2028.
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Plastics In Consumer Electronics Market Scope
Plastics In Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada plastics in consumer electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastics in consumer electronics market will help companies and investors design strategic landscapes.
Polycarbonate (pc) was the largest segment with a revenue share of 32.94% in 2021. Horizon Databook has segmented the Canada plastics in consumer electronics market based on polycarbonate (pc), liquid crystal polymers (lcp), pc/abs glass filled resins, bio-based polycarbonate resin, thermoplastic elastomers, polyamides covering the revenue growth of each sub-segment from 2017 to 2028.
Canada is one of the largest producers of crude oil globally. Declining prices of crude oil coupled with increasing demand for plastics in the region is paving the way for the growth of Plastic Market in Consumer Electronics.
Plastics are produced from various petrochemicals derived from crude oil. They provide strength, durability, and are light in weight hence plastics are being widely consumed across Canada. Canada has a strong base of petrochemical production owing to the availability of significant reserves and the production of crude plastics.
The massive production of virgin plastic resin in the country is giving tough competition to metal and non-metal industries. Low-cost virgin resins are preferred by manufacturers of consumer electronics over metals and non-metals due to low cost of raw materials and high production volumes in terms of units per kg of resin.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada plastics in consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into Canada plastics in consumer electronics market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada plastics in consumer electronics market size, by product, 2017-2028 (US$M)
Canada Plastics In Consumer Electronics Market Outlook Share, 2021 & 2028 (US$M)
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