Europe Plastics In Consumer Electronics Market Size & Outlook
Europe plastics in consumer electronics market, 2017-2028 (US$M)
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Europe plastics in consumer electronics market highlights
- The Europe plastics in consumer electronics market generated a revenue of USD 702.3 million in 2021.
- The market is expected to grow at a CAGR of 3% 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.
- Country-wise, France is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 702.3 million |
| Market revenue in 2028 | USD 865.4 million |
| Growth rate | 3% (CAGR from 2021 to 2028) |
| Largest segment | Polycarbonate (pc) |
| Fastest growing segment | Bio-based Polycarbonate Resin |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 11.8% of the global plastics in consumer electronics market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,282.7 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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Europe 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 32.11% in 2021. Horizon Databook has segmented the Europe 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.
Plastics are non-electric conductive materials used for manufacturing electrical appliances such as air conditioners and television frames. PC/ABS blend is used for manufacturing telephone handsets, keyboards, monitors, and computer housings; PA is used in food processor bearings and adaptors; and PC in telephones.
Rising demand for consumer electronics is expected to propel plastics market across the region over the forecast period. Furthermore, the European market is characterized by the presence of various stringent environmental regulations by regulatory bodies such as the European Chemicals Agency (ECHA) and European Commission among other federal-level agencies.
These regulatory policies, however, are challenging for the growth, in a way, are expected to aid in industrial development as they are likely to push manufacturers to optimize their processes and develop sustainable technologies and products.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe plastics in consumer electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe plastics in consumer electronics market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Europe plastics in consumer electronics market size, by country, 2017-2028 (US$M)
Europe Plastics In Consumer Electronics Market Outlook Share, 2021 & 2028 (US$M)
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