UK Plastics In Electrical And Electronics Market Size & Outlook
UK plastics in electrical and electronics market, 2018-2030 (US$M)
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UK plastics in electrical and electronics market highlights
- The UK plastics in electrical and electronics market generated a revenue of USD 1,989.4 million in 2023 and is expected to reach USD 2,807.8 million by 2030.
- The UK market is expected to grow at a CAGR of 5% 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 1,989.4 million |
| Market revenue in 2030 | USD 2,807.8 million |
| Growth rate | 5% (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, UK accounted for 5.3% 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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UK 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 28.86% in 2023. Horizon Databook has segmented the UK 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 Office for National Statistics (ONS) of the UK Statistics Authority, the disposable income of people in the country in 2022 increased by 1.6% to reach USD 83,882 per year. in comparison to that of 2021.
The median household disposable income in the UK increased by an average of 0.7% per year between Financial Year End (FYE) 2020 and FYE 2022. This is in comparison to a long-term increase of an average of 1.7% per year from FYE 2013 to FYE 2022.
The surged disposable income has increased the capacity of individuals in the UK to purchase electrical & electronic devices. This, in turn, has fueled the demand for these devices, thereby contributing to the consumption of plastics in the country that are used for developing different electrical & electronic devices.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK plastics in electrical and electronics market , including forecasts for subscribers. This country databook contains high-level insights into UK plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK plastics in electrical and electronics market size, by polymer, 2018-2030 (US$M)
UK Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)
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