Consumer Electronics Plastics Market Report 2021-2028: Rising Demand from Smartphone and Wearable Industry

0


DUBLIN, November 12, 2021– (COMMERCIAL THREAD)–The Consumer Electronics Plastics Market Size, Share and Trend Analysis Report by Product (PC, PC / ABS), by Application (Laptop Monitor Housings, Wearable Devices), by region and segment forecast, 2021-2028 “ the report was added to ResearchAndMarkets.com offer.

The global market size of plastics in consumer electronics is expected to reach USD 7.70 billion by 2028. The market is expected to grow at a CAGR of 3.8% from 2021 to 2028. The growing demand from the industry of smartphones and wearable products are expected to fuel demand. for plastics in consumer electronics. The smartphone market offers opportunities for using a variety of plastic resins, such as polycarbonate (PC), acrylonitrile butadiene styrene (ABS), and polymethyl methacrylate (PMMA), as they are used for manufacturing lightweight and durable electronic device enclosures, mounting frames, screen frames and vibration pads.

Proximity to raw material suppliers and low labor costs attract consumer electronics manufacturers to China. The presence of several key consumer electronics manufacturers is expected to create significant demand for plastics. In addition, the growing demand for home appliances in India is expected to boost the product demand in the electronics industry. In addition, rapid urbanization is expected to boost demand for mobile phones, laptops, televisions and other electronic devices across India.

Metal alloys have been widely used in the manufacture of electronic components. Alloys are preferred because of their durability and better thermal conduction properties. For example, 7000 series and 6000 series grade aluminum alloys are mainly used in laptop chassis or sometimes for their entire case. For example, the lower chassis of Apple’s Mac Book is made of aluminum. IPhone and iPad cases are also made of aluminum alloys.

The lifespan of consumer electronics technology is less because after the product is launched, competitors go through reverse engineering processes to develop a similar or updated version of the technology. As a result, older versions of the products are often thrown away by consumers. With the growth of technologically advanced equipment, there is no meaningful system to handle old discarded products, which has resulted in the growth of electronic waste.

Highlights of the Consumer Electronics Plastics Market Report

  • In terms of revenue, PC products segment accounted for the largest share in 2020 and is expected to grow further at a stable CAGR during the forecast period.

  • The laptop monitor case segment dominated the market and accounted for over 22% of the overall revenue share in 2020

  • In 2020, the Asia-Pacific region accounted for the maximum revenue share of the global market and will further grow at the fastest CAGR from 2021 to 2028.

  • This growth is attributed to the presence of a well-established manufacturing base for electrical and electronics in China, Japan and South Korea.

  • The main players are constantly working on the development of biodegradable polymers due to growing environmental concerns

  • For example, in November 2020, SABIC announced the expansion of its product portfolio of Cycoloy and Lexan PC resins with post-consumer recycled (PCR) materials for application in consumer electronics, such as laptops, copiers, printers, adapters and chargers to improve plastic recyclability

Companies mentioned

  • Trinseo SA

  • Covestro SA

  • Celanese Company

  • SABIC

  • LOTTE Chemical CORPORATION

  • LG Chem

  • Mitsubishi Chemical Corporation

  • SAMSUNG SDI CO., LTD.

  • Koninklijke DSM NV

  • KURARAY CO., LTD.

  • Qingdao Gon Science & Technology Co., Ltd.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends and Scope

3.1 Market Lineage Outlook

3.1.1 Global Plastics Market Outlook

3.2 Mapping of penetration and growth prospects

3.3 Industry Value Chain Analysis

3.3.1 Trends in commodities

3.3.1.1 Vinyl chloride

3.3.1.2 Ethylene

3.3.1.3 Styrene

3.3.1.4 Bio-based material

3.3.2 Manufacturing trends

3.3.2.1 Injection molding

3.3.2.2 Extrusion

3.3.2.3 Thermoforming

3.3.2.4 Outsourcing of manufacturing

3.4 Price Trend Analysis, 2017-2020 (USD / Kg)

3.5 Regulatory framework

3.5.1 Standards and conformities

3.5.2 Security

3.5.2.1 First aid measures

3.5.2.2 Fire-fighting measures

3.6 Market dynamics

3.6.1 Market Drivers Analysis

3.6.1.1 Growing Demand of Smartphones and Wearable Products Industry

3.6.1.2 Growing demand for laptops and tablets

3.6.2 Analysis of market restrictions

3.6.2.1 Commodity price volatility

3.6.3 Market Opportunity Analysis

3.6.4 Analysis of market challenges:

3.7 Analysis of the business environment: plastic market in consumer electronics

Chapter 4 Plastic in Consumer Electronics Market: Product Estimates and Trend Analysis

4.1 Plastic in Consumer Electronics Market: Analysis of Product Movement, 2020 and 2028

4.2 Polycarbonate (PC)

4.3 Liquid crystal polymer (LCP)

4.4 Polycarbonate / acrylonitrile butadiene styrene glass filled resin (PC / ABS)

4.5 Bio-based polycarbonate

4.6 Thermoplastic elastomers (TPE)

4.7 Polyamides (PA)

Chapter 5 Plastic in Consumer Electronics Market: Application Estimates and Trend Analysis

5.1 Plastic in Consumer Electronics Market: Analysis of Application Movement, 2020 and 2028

5.2 TV frames

5.3 Laptop monitor enclosures

5.4 LCD screens

5.5 Hand-held devices

5.6 Portable devices

5.7 Cell phone body

5.8 Household appliances and appliances

5.9 Others

Chapter 6 Plastic in Consumer Electronics Market: Regional Estimates and Trend Analysis

6.1 Plastic in consumer electronics market: analysis of regional movements, 2020 and 2028

6.2 North America

6.3 Europe

6.4 Asia-Pacific

6.5 Central and South America

6.6 Middle East and Africa

Chapter 7 Competitive Landscape

7.1 Global Major Players and Recent Developments and Their Impact on the Industry

7.2 Categorization of key companies / competitions

7.3 Global Production Capacity Analysis, by Manufacturers, 2019

7.4 Supplier landscape

7.5 Public enterprises

7.6 Private companies

Chapter 8 Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/plghy1

View the source version on businesswire.com: https://www.businesswire.com/news/home/2021112005516/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Director
press@researchandmarkets.com
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900


Leave A Reply

Your email address will not be published.