Asia Pacific Plastics In Electrical And Electronics Market Size & Outlook
Asia Pacific plastics in electrical and electronics market, 2018-2030 (US$M)
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Asia Pacific plastics in electrical and electronics market highlights
- The Asia Pacific plastics in electrical and electronics market generated a revenue of USD 15,870.6 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, polyvinyl chloride (pvc) was the largest revenue generating polymer in 2023.
- Polyvinyl Chloride (PVC) is the most lucrative polymer segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 15,870.6 million |
| Market revenue in 2030 | USD 22,985.2 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl chloride (pvc) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate(PC), Polymethyl Methacrylate (PMMA), Polyamide (PA) |
| Key market players worldwide | Basf SE, Covestro AG, Toray Industries Inc, Lotte Chemical, Trinseo PLC, SABIC, Evonik Industries AG, Mitsubishi Chemical Group Corp, Arkema SA, LyondellBasell Industries NV Class A, Celanese Corp Class A, Exxon Mobil Corp, LG Chem, INEOS, CHIMEI |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 42.1% of the global plastics in electrical and electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,985.2 million by 2030.
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Plastics In Electrical And Electronics Market Scope
Plastics In Electrical And Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific plastics in electrical and 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 electrical and electronics market will help companies and investors design strategic landscapes.
Polyvinyl chloride (pvc) was the largest segment with a revenue share of 28.87% in 2023. Horizon Databook has segmented the Asia Pacific plastics in electrical and electronics market based on acrylonitrile butadiene styrene (abs), polypropylene (pp), polyurethane (pu), polyvinyl chloride (pvc), polyethylene (pe), polycarbonate(pc), polymethyl methacrylate (pmma), polyamide (pa) covering the revenue growth of each sub-segment from 2018 to 2030.
Plastics in electrical & electronics market in Asia Pacific is projected to witness substantial growth during the forecast period owing to the rising disposable income in emerging economies of the region.
Moreover, the demand for high-quality medical devices is surging in China, India, Singapore, etc. due to rising healthcare expenditure. This fuels the demand for plastics used for developing polymers, PCBs, electrical casings, etc. that are utilized in medical devices.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific plastics in electrical and electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific plastics in electrical and electronics market size, by country, 2018-2030 (US$M)
Asia Pacific Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)
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