Europe Plastics In Electrical And Electronics Market Size & Outlook
Europe plastics in electrical and electronics market, 2018-2030 (US$M)
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Europe plastics in electrical and electronics market highlights
- The Europe plastics in electrical and electronics market generated a revenue of USD 7,888.4 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 7,888.4 million |
| Market revenue in 2030 | USD 10,967.9 million |
| Growth rate | 4.8% (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, Europe region accounted for 20.9% 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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Europe 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 28.88% in 2023. Horizon Databook has segmented the Europe 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 increasing geriatric population and the rising instances of chronic diseases in Europe are expected to fuel the demand for medical devices in this region.
This is anticipated to drive the consumption of plastics used for manufacturing electrical & electronic components in Europe over the forecast period that are used for developing these devices.
The increasing government investments in the healthcare sector and the growing demand for home healthcare services in the region are anticipated to drive the consumption of medical devices in Europe in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe plastics in electrical and electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe plastics in electrical and electronics market size, by country, 2018-2030 (US$M)
Europe Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)
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