Electronics & Consumer Goods Plastics Market To Reach $67.5 Billion By 2030

Electronics & Consumer Goods Plastics Market Growth & Trends

The global electronics and consumer goods plastics market size is expected to reach USD 67.5 billion by 2030, registering to grow at a CAGR of 6.1% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growing demand for plastics in consumer gadgets manufacturing owing to their lightweight, low cost and superior impact and corrosion resistance is expected to propel growth.

The major industry players including BASF SE, Bayer AG, DuPont, and Exxon Mobil Corporation, are engaged in manufacturing raw materials as well as plastics for end-use applications. Whereas, the players including LG Group and Honeywell are integrated across the complete value chain from the raw material supply to the production of consumer goods.

Rising consumer demand for environmental friendly plastics is expected to compel the manufacturers to divert their focus to the production of bio-based and degradable product over the forecast period. The companies in the electronics and consumer goods plastics industry are expected to establish strategic partnerships with end-use industries to maintain their customer base and the foothold in the market.

Increasing raw material prices and strong foothold of the existing players in the market are expected to be the key factors challenging the entry of new players. Growing concerns towards e-waste management coupled with stringent government regulatory framework for plastic waste disposal is likely to hamper product demand over the projected period.

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Electronics & Consumer Goods Plastics Market Report Highlights

• Acrylic dominated the market and accounted for the largest revenue share of 54.9% in 2023. Acrylic is another material implemented in making electronic enclosures and interior designs. It is lightweight and allows for cutting and designing in the most preferred way. With its excellent transparency and UV protection, acrylic panels are rapidly replacing materials such as glass.

• Household appliances led the market and accounted for the largest revenue share of 21.5% in 2023 driven by rising disposable incomes and improving living standards, particularly in emerging economies.

• Asia Pacific electronics and consumer goods plastics market dominated the global market and accounted for the largest revenue share of 39.6% in 2023 driven by increasing disposable incomes and a burgeoning middle class.

Electronics & Consumer Goods Plastics  Market Segmentation

Grand View Research has segmented the global electronics & consumer goods plastics market based on product, application, and region:

Electronics & Consumer Goods Product Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Acrylic (Polymethyl Methacrylate)

• PVC

• Polypropylene

• Polystyrene

• Polycarbonate

• Others

Electronics & Consumer Goods Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• Household Appliances

• Consumer Small Appliances

• Consumer Electronics

• Lighting Equipment

• Toys

• Winter Sports

• Sport Shoes

• Jewelry

Electronics & Consumer Goods Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Thailand

  • Indonesia

  • Malaysia

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in  Electronics & Consumer Goods Plastics Market

• Dow

• BASF SE

• Celanese Corporation

• Formosa Plastics Group.

• Trinseo S.A.

• Covestro AG

• DuPont

• Chevron Phillips Chemical Company LLC.

• Mitsubishi Chemical Holdings Corporation

• Solvay

• Trinseo S.A.

• Covestro AG

• Koninklijke DSM N.V.

• KURARAY CO., LTD.

• Qingdao Gon Science & Technology Co., Ltd.

• INEOS