Canada Plastics In Electrical And Electronics Market Size & Outlook

The plastics in electrical and electronics market in Canada is expected to reach a projected revenue of US$ 744.9 million by 2030. A compound annual growth rate of 3.7% is expected of Canada plastics in electrical and electronics market from 2024 to 2030.
Revenue, 2023 (US$M)
$578.7
Forecast, 2030 (US$M)
$744.9
CAGR, 2024 - 2030
3.7%
Report Coverage
Canada

Canada plastics in electrical and electronics market, 2018-2030 (US$M)

Canada

Canada plastics in electrical and electronics market highlights

  • The Canada plastics in electrical and electronics market generated a revenue of USD 1,051.4 million in 2023 and is expected to reach USD 1,469.3 million by 2030.
  • The Canada market is expected to grow at a CAGR of 4.9% 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.


Plastics in electrical and electronics market data book summary

Market revenue in 2023USD 1,051.4 million
Market revenue in 2030USD 1,469.3 million
Growth rate4.9% (CAGR from 2023 to 2030)
Largest segmentPolyvinyl chloride (pvc)
Fastest growing segmentPolyvinyl Chloride (PVC)
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAcrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate(PC), Polymethyl Methacrylate (PMMA), Polyamide (PA)
Key market players worldwideBasf 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, Canada accounted for 2.8% of the global plastics in electrical and electronics market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. plastics in electrical and electronics market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 7,429.9 million by 2030.

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Plastics In Electrical And Electronics Market Companies

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Canada 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 28.93% in 2023. Horizon Databook has segmented the Canada 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.


The geriatric population in Canada is on the rise, which has led to an increased demand for medical devices. According to the Canadian government, the number of individuals aged 65 and above is 7,330,605 as of 2022.

The increase in demand for medical devices has resulted in a rise in the use of plastics and printed circuit boards (PCBs), as they are some of the main components in these medical devices.

Due to the rising sales of fitness bands, monitoring devices, chronic wound monitoring solutions, and wearable and embedded sensing technologies, there has been an increase in demand for products that support older adults and caregivers in managing their cognitive and physical health and daily activities.

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Horizon Databook provides a detailed overview of country-level data and insights on the Canada plastics in electrical and electronics market , including forecasts for subscribers. This country databook contains high-level insights into Canada plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada plastics in electrical and electronics market size, by polymer, 2018-2030 (US$M)

Canada Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)

Canada plastics in electrical and electronics market size, by polymer, 2018-2030 (US$M)

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