Plastics in the Consumer Electronic Market Research Report By Application (Home Appliances, Consumer Electronics, Automotive Interiors, Packaging), By Plastic Type (Thermoplastics, Thermosets, Engineering Plastics, Bioplastics), By Processing Method (Injection Molding, Extrusion, Blow Molding, Compression Molding) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2032.

Plastics in the Consumer Electronic Market Overview

As per MRFR analysis, the Plastics in the Consumer Electronic Market Size was estimated at 225.49 (USD Billion) in 2022. The Plastics in the Consumer Electronic Market Industry is expected to grow from 231.4(USD Billion) in 2023 to 292.12 (USD Billion) by 2032. The Plastics in the Consumer Electronic Market CAGR (growth rate) is expected to be around 2.62% during the forecast period (2024 - 2032).

Plastics in the Consumer Electronic Market Trends Highlighted

Plastics have become indispensable in the production of consumer electronics, offering lightweight, durability, and design flexibility. The growing demand for sleek, portable devices is fueling the use of plastics in the consumer electronics market.

Key market drivers include the rising popularity of smartphones, tablets, and wearable devices. The integration of advanced features such as touch screens, cameras, and connectivity requires lightweight and durable materials, making plastics an ideal choice.Emerging trends in the plastics for consumer electronics market revolve around sustainability and functionality. Consumers are increasingly demanding eco-friendly products, leading to the increased adoption of bioplastics and recycled materials.

Additionally, the use of plastics with advanced properties, such as flame retardancy and antimicrobial properties, is gaining traction.

Opportunities for growth in the plastics for consumer electronics market lie in the exploration of new materials and applications. Advancements in polymer engineering and the development of specialty plastics offer the potential for enhancing device performance and reducing production costs. By capturing these opportunities, manufacturers can meet the evolving needs of consumers and drive market expansion.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Plastics in the Consumer Electronic Market Drivers

Increasing Demand for Lightweight and Durable Electronics

The increasing demand for lightweight and durable electronics is a major driver of the growth of Plastics in the Consumer Electronic Market Industry. As consumers demand more portable and durable devices, manufacturers are turning to plastics as a lightweight and cost-effective solution. Plastics offer a number of advantages over traditional materials such as metal and glass, including their light weight, durability, and resistance to corrosion.In addition, plastics can be easily molded into complex shapes, making them ideal for use in a variety of electronic devices. The increasing demand for lightweight and durable electronics is being driven by a number of factors, including the growing popularity of mobile devices, the increasing use of electronics in harsh environments, and the need for more sustainable electronic products. Mobile devices, such as smartphones and tablets, are becoming increasingly popular, and consumers are demanding devices that are lightweight and easy to carry.In addition, electronics are increasingly being used in harsh environments, such as in industrial settings and the military. These environments require electronics that are durable and can withstand extreme temperatures, shock, and vibration. Finally, consumers are becoming more aware of the environmental impact of electronic products, and they are demanding more sustainable products. Plastics offer a number of environmental advantages over traditional materials, including their recyclability and their low carbon footprint.

Growing Popularity of Smart and Connected Devices

The growing popularity of smart and connected devices is another major driver of the growth of Plastics in the Consumer Electronic Market Industry. Smart and connected devices, such as smart TVs, smart speakers, and smart home appliances, are becoming increasingly popular as consumers seek to automate their lives and improve their convenience. These devices rely on plastics for their lightweight, durability, and ability to be molded into complex shapes. The growing popularity of smart and connected devices is being driven by a number of factors, including the increasing availability of affordable smart devices, the growing popularity of voice assistants, and the increasing demand for home automation.Affordable smart devices are now available from a variety of manufacturers, making them more accessible to consumers. Voice assistants, such as Amazon Alexa and Google Assistant, are also becoming more popular as they make it easier for consumers to interact with their smart devices. Finally, the demand for home automation is growing as consumers seek to make their lives easier and more convenient.

Rising Demand for Plastics in Emerging Markets

The rising demand for plastics in emerging markets is another major driver of the growth of the Plastics in the Consumer Electronic Market Industry. Emerging markets, such as China and India, are experiencing a rapidly growing middle class, which is driving up demand for consumer electronics. These consumers are demanding affordable and durable electronic devices, which is leading to an increased demand for plastics. The rising demand for plastics in emerging markets is being driven by a number of factors, including the growing population, the increasing urbanization, and the rising disposable income.The population of emerging markets is growing rapidly, and this is leading to an increase in the number of potential consumers of consumer electronics. In addition, urbanization is increasing in emerging markets, and this is leading to a greater demand for consumer electronics, as urban consumers are more likely to have access to and use consumer electronics. Finally, the disposable income of consumers in emerging markets is rising, and this is leading to an increased demand for consumer electronics, as consumers have more money to spend on discretionary items.

Plastics in the Consumer Electronic Market Segment Insights

Plastics in the Consumer Electronic Market Application Insights  

The application segment plays a critical role in shaping the dynamics of the Plastics In Consumer Electronic Market. Among the key applications, Home Appliances held the largest market share of around 39% in 2023, driven by the increasing demand for energy-efficient and durable appliances. The segment is expected to maintain its dominance throughout the forecast period, with a projected market size of USD 114.44 billion by 2032. Consumer Electronics is another major application segment, accounting for a significant portion of the Plastics in the Consumer Electronic Market revenue.The segment is primarily driven by the growing adoption of advanced technologies such as smartphones, laptops, and tablets. As per market data, the Consumer Electronics segment is projected to exhibit a steady growth rate, reaching a market valuation of USD 78.36 billion by 2032. Automotive Interiors represent another important application segment, with a market size of USD 32.98 billion in 2023. The demand for lightweight, durable, and aesthetically pleasing materials in vehicle interiors is fueling the growth of this segment. Market statistics indicate that the Automotive Interiors segment is poised to witness significant growth, with a projected market size of USD 47.61 billion by 2032.Packaging is also a notable application segment, driven by the need for protective and sustainable packaging solutions for consumer electronics. The segment held a market share of approximately 24% in 2023 and is expected to grow steadily, reaching a projected market size of USD 69.73 billion by 2032. The growth of these application segments is influenced by various factors, such as technological advancements, changing consumer preferences, and increasing disposable income. As the industry continues to evolve, the application segment will remain a key determinant of the Plastics in the Consumer Electronic Market growth and innovation.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Plastics in the Consumer Electronic Market Plastic Type Insights  

The Plastics in the Consumer Electronic Market is segmented by Plastic Type into Thermoplastics, Thermosets, Engineering Plastics, and Bioplastics. Thermoplastics held the largest market share in 2023, accounting for over 60% of the revenue. Thermoplastics are popular due to their versatility, ease of processing, and low cost. Thermosets, on the other hand, are more rigid and heat-resistant, making them suitable for applications requiring durability and high-temperature resistance. Engineering plastics offer a combination of properties that make them ideal for demanding applications, such as automotive and aerospace components.Bioplastics, made from renewable resources, are gaining traction due to increasing environmental concerns. The market for bioplastics in consumer electronics is expected to grow significantly in the coming years, driven by rising demand for sustainable materials.

Plastics in the Consumer Electronic Market Processing Method Insights  

Injection Molding dominated the Plastics in the Consumer Electronic Market with a revenue share of over 35% in 2023 and is projected to continue its dominance during the forecast period. Extrusion is another significant processing method, particularly for manufacturing wires and cables, and is estimated to account for a revenue share of around 25% in 2023. Blow Molding, commonly used for producing hollow plastic products, is expected to witness steady growth, capturing approximately 20% of the market revenue in 2023. Compression Molding, while having a relatively smaller market share, is still employed for producing high-performance plastic components in consumer electronics.The diverse range of processing methods caters to the varying requirements of different plastic components used in consumer electronics, ensuring efficient production and optimal performance.

Plastics in the Consumer Electronic Market Regional Insights  

The regional segmentation of the Plastics in the Consumer Electronic Market market offers valuable insights into the market's growth dynamics and opportunities across different regions. North America holds a significant share of the market, driven by the presence of major consumer electronics manufacturers and a large consumer base. Europe follows closely, with a mature market characterized by high demand for premium and sustainable electronics. APAC is expected to witness the fastest growth over the forecast period, fueled by rising disposable income and increasing urbanization in emerging economies such as China and India.South America and MEA represent relatively smaller but growing markets with untapped potential for expansion.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Plastics in the Consumer Electronic Market Key Players And Competitive Insights

Major players in Plastics in the Consumer Electronic Market industry are constantly engaged in research and development to enhance their product offerings and gain a competitive edge. This has led to the introduction of innovative plastics with improved properties, such as high strength, lightweight, and durability. Some of the leading Plastics in the Consumer Electronic Market players include Covestro, Sabic, BASF, and DuPont. These companies have a strong presence and offer a wide range of plastics for use in consumer electronics. The Plastics in the Consumer Electronic Market is expected to witness significant growth in the coming years, driven by the increasing demand for consumer electronics and the growing adoption of plastics in these devices.Covestro is a leading supplier of high-performance plastics for the consumer electronics industry. The company offers a wide range of materials, including polycarbonate, ABS, and PC/ABS blends. Covestro's plastics are used in a variety of consumer electronics applications, such as smartphones, laptops, televisions, and gaming consoles. The company has a strong focus on innovation and is constantly developing new materials to meet the needs of its customers. Covestro has a network of production and sales facilities, and it is well-positioned to meet the growing demand for plastics in the consumer electronics industry.Sabic is another major player in the Plastics In Consumer Electronic Market. The company offers a wide range of plastics for use in consumer electronics, including polycarbonate, ABS, and PC/ABS blends. Sabic's plastics are used in a variety of consumer electronics applications, such as smartphones, laptops, televisions, and gaming consoles. The company has a strong presence and is well-positioned to meet the growing demand for plastics in the consumer electronics industry.

Key Companies in the Plastics in the Consumer Electronic Market Include

• Eastman Chemical


• SABIC


• Braskem


• Formosa Plastics


• Dow


• LyondellBasell Industries


• ExxonMobil


• Mitsubishi Chemical


• DuPont


• Covestro


• BASF


• China Petrochemical Corporation


• Sinopec


• Toray Industries


• Chevron Phillips Chemical

Plastics in the Consumer Electronic Market Industry Developments

The Plastics in Consumer Electronics Market is projected to grow from USD 231.4 billion in 2023 to USD 292.12 billion by 2032, at a CAGR of 2.62% from 2024 to 2032. The increasing demand for lightweight and durable materials, coupled with the rising popularity of consumer electronics, is driving the market growth. Asia-Pacific is expected to hold the largest market share during the forecast period, with countries like China, Japan, and India being major contributors. Technological advancements, such as the advent of bioplastics and the adoption of sustainable manufacturing practices, are also shaping the market landscape.

Plastics in the Consumer Electronic Market Segmentation Insights

• Plastics in the Consumer Electronic Market Application Outlook


• Home Appliances


• Consumer Electronics


• Automotive Interiors


• Packaging

• Plastics in the Consumer Electronic Market Plastic Type Outlook


• Thermoplastics


• Thermosets


• Engineering Plastics


• Bioplastics

• Plastics in the Consumer Electronic Market Processing Method Outlook


• Injection Molding


• Extrusion


• Blow Molding


• Compression Molding

• Plastics in the Consumer Electronic Market Regional Outlook


• North America


• Europe


• South America


• Asia-Pacific


• Middle East and Africa