Germany Plastics In Electrical And Electronics Market Size & Outlook
Germany plastics in electrical and electronics market, 2018-2030 (US$M)
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Germany plastics in electrical and electronics market highlights
- The Germany plastics in electrical and electronics market generated a revenue of USD 2,918.4 million in 2023 and is expected to reach USD 4,195.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.3% 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 2,918.4 million |
| Market revenue in 2030 | USD 4,195.2 million |
| Growth rate | 5.3% (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, Germany accounted for 7.7% 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 Europe, Germany plastics in electrical and electronics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,195.2 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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Germany 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 28.9% in 2023. Horizon Databook has segmented the Germany 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 growing geriatric population in Germany surges the utilization of medical devices and healthcare tracking devices in the country that are based on plastics. According to the Federal Statistical Office of Germany, the geriatric population in the country was at 84.3 million in 2022, witnessing an increase of 1.1 million compared with the elderly population of 2021.
Moreover, in the first quarter of 2022, above 3.4 million people in Germany used smart devices to monitor their blood pressure, weight, blood sugar, and other health-related variables. This has led to an increase in demand for electrical & electronic components based on plastics used for developing these devices, thereby leading to the growth of the market in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany plastics in electrical and electronics market , including forecasts for subscribers. This country databook contains high-level insights into Germany plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany plastics in electrical and electronics market size, by polymer, 2018-2030 (US$M)
Germany Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)
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