China Plastics In Electrical And Electronics Market Size & Outlook
China plastics in electrical and electronics market, 2018-2030 (US$M)
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China plastics in electrical and electronics market highlights
- The China plastics in electrical and electronics market generated a revenue of USD 6,029.2 million in 2023 and is expected to reach USD 9,030.9 million by 2030.
- The China market is expected to grow at a CAGR of 5.9% 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 2023 | USD 6,029.2 million |
| Market revenue in 2030 | USD 9,030.9 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl chloride (pvc) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 16.0% 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 Asia Pacific, China plastics in electrical and electronics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,030.9 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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China 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 China 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.
According to the National Bureau of Statistics (NBS) of China, The disposable income of China stood at USD 5,487 in 2022 witnessing a 5% year-on-year increase in nominal terms from per capita disposable income of 2.9% in 2021.
In the first three quarters of 2023, the per capita disposable income of China was approximately USD 4,094.7 representing a nominal year-on-year growth of 6.3% in it. This indicates that the spending capacity of regular households in the country has surged, leading to a rise in the consumption of electrical & electronic products such as mobile phones, smart watches, TV sets, and radios.
These products are manufactured from different types of plastics, such as polycarbonate (PC), polypropylene (PP), and polyvinyl chloride (PVC). Therefore, the risen demand for electrical & electronic products in the country is expected to contribute to the growth of plastics in electrical & electronics market in China during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China plastics in electrical and electronics market , including forecasts for subscribers. This country databook contains high-level insights into China plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China plastics in electrical and electronics market size, by polymer, 2018-2030 (US$M)
China Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)
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