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    Plastics in the Electrical and Electronic Market

    ID: MRFR/CnM/28977-HCR
    128 Pages
    Chitranshi Jaiswal
    September 2025

    Plastics in Electrical and Electronic Market Research Report By Material Type (Thermoplastics, Thermosets, Elastomers, Plastics-Based Composites), By Product Type (Wiring and Cabling, Insulation and Encapsulation, Structural Components, Connectors and Terminals, Circuit Boards), By End-Use Application (Consumer Electronics, Industrial Electronics, Power and Utilities, Transportation, Healthcare), By Processing Method (Injection Molding, Extrusion, Blow Molding, Thermoforming), By Flame Retardant Type (Halogenated Flame Retardants, Non-Haloge...

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    Plastics in the Electrical and Electronic Market Research Report — Global Forecast till 2034 Infographic
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    Summary Table of Contents Segmentation Infographic

    Plastics in the Electrical and Electronic Market Summary

    The global plastics in electrical and electronic market is projected to grow from 86.3 USD billion in 2024 to 144.9 USD billion by 2035.

    Key Market Trends & Highlights

    Plastics in Electrical and Electronic Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.83 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 144.9 USD billion, indicating robust growth potential.
    • In 2024, the market is valued at 86.3 USD billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced electronic devices due to increasing consumer demand is a major market driver.

    Market Size & Forecast

    2024 Market Size 86.3 (USD Billion)
    2035 Market Size 144.9 (USD Billion)
    CAGR (2025-2035) 4.83%

    Major Players

    SABIC, Covestro, Borealis, Formosa Plastics, Lanxess, Lyondellbasell, Asahi Kasei, Eastman Chemical Company, Evonik Industries, Sumitomo Chemical, Toray Industries, DuPont, Mitsubishi Chemical Holdings, BASF, Ineos

    Plastics in the Electrical and Electronic Market Trends

    The Plastics in Electrical and Electronic (E) market continues to be driven by the increasing demand for electronics and the need for lightweight and durable materials. Key market drivers include the rising adoption of electronic devices, the growth of the automotive industry, and the increasing demand for sustainable and energy-efficient solutions.

    Opportunities in the market include the development of biodegradable and sustainable plastics, the growing use of plastics in 5G and IoT applications, and the expansion of emerging markets.

    Recent trends in the market include the increasing demand for high-performance plastics, the adoption of 3D printing technologies, and the growing focus on environmental regulations.

    To remain competitive, market participants are investing in research and development to improve the properties of plastics used in E-applications. They are also focusing on developing new and innovative materials to meet the demands of the evolving market.

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    The increasing integration of advanced plastics in electrical and electronic applications appears to enhance performance and sustainability, reflecting a growing trend towards innovation in material science.

    U.S. Department of Energy

    Plastics in the Electrical and Electronic Market Drivers

    Growing Demand for Consumer Electronics

    The Global Plastics in Electrical and Electronic Market Industry is experiencing a notable surge in demand driven by the increasing consumption of consumer electronics. As households and businesses continue to adopt smart devices, the need for lightweight, durable, and cost-effective plastic components becomes paramount. In 2024, the market is projected to reach 86.3 USD Billion, reflecting the pivotal role plastics play in the manufacturing of smartphones, laptops, and home appliances. This trend is expected to persist, with the market anticipated to grow significantly as consumer preferences shift towards more advanced electronic products.

    Market Segment Insights

    Plastics in Electrical and Electronic Market Material Type Insights

    The Plastics in Electrical and Electronic Market is segmented by Material Type into Thermoplastics, Thermosets, Elastomers, and Plastics-Based Composites.

    Thermoplastics are the most common type of plastic used in electrical and electronic applications, accounting for over 80% of the market share. They are lightweight, flexible, and easy to process, making them ideal for a wide range of applications, including insulation, wire and cable jacketing, and circuit boards. Key players in the thermoplastics market include BASF, Dow, and SABIC.

    Thermosets are a type of plastic that undergoes a chemical change during the manufacturing process, forming a rigid, cross-linked structure.

    They are known for their high strength, heat resistance, and chemical resistance, making them suitable for high-performance applications such as electrical insulators and circuit boards. Key players in the thermosets market include Huntsman, Ashland, and Hexion.

    Elastomers are a type of plastic that exhibits rubber-like properties, such as flexibility, elasticity, and toughness. They are used in a variety of electrical and electronic applications, including gaskets, seals, and vibration dampers. Key players in the elastomers market include DuPont, Dow, and 3M.

    Plastics in Electrical and Electronic Market Product Type Insights

    The Plastics in Electrical and Electronic Market is segmented into Product Type. The Wiring and Cabling segment held the largest market share in 2023, accounting for 35.0% of the Plastics in Electrical and Electronic Market revenue.

    The growth of this segment can be attributed to the increasing demand for electrical and electronic devices, which require a large number of wires and cables for power transmission and data communication.

    The Insulation and Encapsulation segment is expected to witness the highest growth rate during the forecast period, owing to the growing adoption of plastics in the manufacturing of electrical and electronic components to provide insulation and protection from harsh environmental conditions.

    Structural Components, Connectors and Terminals, and Circuit Boards are other important product types in the Plastics in the Electrical and Electronic Market. The increasing demand for lightweight and durable plastics in the manufacturing of electrical and electronic devices is driving the growth of these segments.

    Plastics in Electrical and Electronic Market End-Use Application Insights

    The End-Use Application segment plays a crucial role in shaping the Plastics in the Electrical and Electronic Market landscape. In 2023, the Consumer Electronics segment dominated the market, accounting for approximately 38.4% of the Plastics in Electrical and Electronic Market revenue.

    This dominance is attributed to the increasing demand for smartphones, laptops, and other consumer electronics devices. The Industrial Electronics segment is projected to witness significant growth over the forecast period, driven by the rising adoption of plastics in industrial automation, robotics, and medical devices.

    The Power and Utilities segment is expected to contribute a substantial share of the market, owing to the growing demand for plastics in electrical insulation, cable sheathing, and other applications. The Transportation segment is poised for steady growth, fueled by the increasing use of plastics in automotive components, such as dashboards, interior trims, and exterior parts.

    The Healthcare segment is anticipated to experience moderate growth, driven by the demand for plastics in medical devices, packaging, and laboratory equipment.

    Plastics in Electrical and Electronic Market Processing Method Insights

    The Processing Method segment of the Plastics in Electrical and Electronic Market is expected to witness significant growth over the forecast period. Among the major processing methods, injection molding is expected to dominate the market, accounting for over 40% of the Plastics in Electrical and Electronic Market revenue in 2024.

    The high demand for injection molded Plastics in Electrical and Electronic applications, such as connectors, housings, and enclosures, is attributed to their high precision, dimensional stability, and ability to produce complex shapes.

    Extrusion, another key processing method, is expected to hold a significant market share, driven by its cost-effectiveness and suitability for high-volume production of plastic components.

    Blow molding and thermoforming are also widely used processing methods in the electrical and electronics industry, with blow molding being preferred for hollow plastic products like bottles and containers, and thermoforming for applications requiring precise shaping and thin-walled components.

    Plastics in Electrical and Electronic Market Flame Retardant Type Insights

    The Flame-Retardant Type segment in the Plastics in Electrical and Electronic Market is segmented into Halogenated Flame Retardants and Non-Halogenated Flame Retardants. The Plastics in Electrical and Electronic Market for Halogenated Flame Retardants is projected to reach USD 34.2 billion by 2024, growing at a CAGR of 4.8% from 2024 to 2032.

    The growth of this segment is attributed to the increasing demand for Plastics in Electrical and Electronic applications, such as printed circuit boards, wires and cables, and connectors. Non-Halogenated Flame Retardants are expected to grow at a faster CAGR of 5.2% from 2024 to 2032, reaching USD 45.8 billion by 2024.

    This growth is driven by the rising demand for environmentally friendly flame retardants and the increasing adoption of non-halogenated flame retardants in consumer electronics and automotive applications.

    Get more detailed insights about Plastics in the Electrical and Electronic Market Research Report — Global Forecast till 2034

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    Regional Insights

    The Plastics in Electrical and Electronic Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in the coming years due to the increasing demand for plastics in the electrical and electronics industry in this region.

    The growth in the APAC region can be attributed to the increasing population, rising disposable incomes, and growing urbanization. North America and Europe are also expected to witness significant growth in the Plastics, Electrical, and Electronic Markets due to the presence of major manufacturers and the increasing adoption of advanced technologies in these regions.

    South America and MEA are expected to witness moderate growth in the coming years due to the increasing demand for plastics in the electrical and electronics industry in these regions.

    Plastics in Electrical and Electronic Market Regional

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major players in the Plastics in Electrical and Electronic Market industry are constantly investing in research and development to improve their product offerings and gain a competitive edge. Leading Plastics in Electrical and Electronic Market players are also focusing on expanding their footprint through acquisitions and partnerships.

    The Plastics Electrical and Electronic Market landscape is expected to remain competitive in the coming years, with major players continuing to invest in innovation and expansion. The Plastics in Electrical and Electronic Market development is being driven by the increasing demand for lightweight and durable materials in the electrical and electronic industries.

    SABIC, a leading company in the Plastics in Electrical and Electronic Market, offers a wide range of plastic materials that are used in a variety of electrical and electronic applications.

    The company's products include polycarbonate, polyethylene, and polypropylene, which are used in components such as connectors, housings, and insulators. SABIC is also a major supplier of thermoplastic compounds, which are used to improve the performance and durability of plastics. The company has a presence with manufacturing facilities in over 50 countries.

    Another major player in the Plastics in Electrical and Electronic Market is Covestro, which offers a range of polycarbonate, polyurethane, and thermoplastic elastomer materials. The company's products are used in a variety of applications, including automotive, electrical, and electronics.

    Covestro has a presence with manufacturing facilities in over 30 countries. The company is focused on sustainability and has developed a number of eco-friendly products, such as its polycarbonate resin made from recycled materials.

    Key Companies in the Plastics in the Electrical and Electronic Market market include

    Industry Developments

    The rising demand for lightweight and durable materials in electrical and electronic devices, coupled with increasing urbanization and industrialization, is driving market growth. The Asia Pacific region holds a significant market share due to the presence of major electronics manufacturing hubs in countries like China, Japan, and South Korea.

    Technological advancements, such as the development of bio-based and biodegradable plastics, are expected to create new opportunities in the market. Key players in the industry are focusing on sustainability initiatives and investing in research and development to meet evolving customer demands.

    Future Outlook

    Plastics in the Electrical and Electronic Market Future Outlook

    The Global Plastics in Electrical and Electronic Market is projected to grow at a 4.83% CAGR from 2024 to 2035, driven by technological advancements and increasing demand for lightweight materials.

    New opportunities lie in:

    • Invest in biodegradable plastics to meet sustainability demands.
    • Develop advanced composites for enhanced electrical insulation properties.
    • Leverage smart materials for innovative electronic applications.

    By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Plastics in Electrical and Electronic Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Plastics in Electrical and Electronic Market Product Type Outlook

    • Consumer Electronics
    • Industrial Electronics
    • Power and Utilities
    • Transportation
    • Healthcare

    Plastics in Electrical and Electronic Market Material Type Outlook

    • Wiring and Cabling
    • Insulation and Encapsulation
    • Structural Components
    • Connectors and Terminals
    • Circuit Boards

    Plastics in Electrical and Electronic Market Processing Method Outlook

    • Halogenated Flame Retardants
    • Non-Halogenated Flame Retardants

    Plastics in Electrical and Electronic Market End-Use Application Outlook

    • Injection Molding
    • Extrusion
    • Blow Molding
    • Thermoforming

    Plastics in Electrical and Electronic Market Flame Retardant Type Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 86.27(USD Billion)
    Market Size 2025 90.44(USD Billion)
    Market Size 2034 138.29(USD Billion)
    Compound Annual Growth Rate (CAGR) 4.8% (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2034
    Historical Data 2020 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Borealis, Formosa Plastics, Sabic, Lanxess, Lyondellbasell, Asahi Kasei, Eastman Chemical Company, Evonik Industries, Sumitomo Chemical, Toray Industries, Covestro, DuPont, Mitsubishi Chemical Holdings, BASF, Ineos
    Segments Covered Material Type, Product Type, End-Use Application, Processing Method, Flame Retardant Type, Regional
    Key Market Opportunities Smart appliances Electric vehicles 5G infrastructure Wearable devices Renewable energy
    Key Market Dynamics Rising demand for lightweight materials Technological advancements in electronics Focus on sustainability The growing construction and infrastructure sector Increasing adoption of plastics in automotive electronics
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the market size of the Plastics in Electrical and Electronic Market?

    The Plastics in Electrical and Electronic Market is expected to reach USD 138.29 billion by 2034, exhibiting a CAGR of 4.8% from 2025 to 2034.

    What are the key regions driving the growth of the Plastics in the Electrical and Electronic Market?

    Asia-Pacific is anticipated to dominate the Plastics in Electrical and Electronic market share owing to the rising demand for electronics and electrical appliances in the region.

    What are the major applications of plastics in the electrical and electronics industry?

    Plastics are utilized in a wide range of applications within the electrical and electronics industry, including insulation, housings, connectors, and printed circuit boards.

    Who are some of the key competitors in the Plastics, Electrical, and Electronic Market?

    Some of the prominent players in the Plastics in Electrical and Electronic Market include BASF SE, SABIC, LyondellBasell Industries Holdings B.V., and Eastman Chemical Company.

    What are the key factors driving the growth of the Plastics, Electrical and Electronic Market?

    The increasing demand for lightweight and durable materials in the electrical and electronics industry is a primary factor driving market growth.

    What are the challenges faced by the Plastics in the Electrical and Electronic Market?

    Fluctuating raw material prices and stringent environmental regulations pose challenges to the growth of the Plastics, Electrical, and Electronic Market.

    What are the emerging trends in the Plastics in the Electrical and Electronic Market?

    The adoption of bio-based and biodegradable plastics is gaining traction in the Plastics Electrical and Electronic Market.x

    What is the outlook for the Plastics Electrical and Electronic Market?

    The Plastics in Electrical and Electronic Market is projected to witness steady growth over the forecast period, driven by the increasing demand for electronics and electrical appliances.

    What is the impact of technological advancements on the Plastics, Electrical, and Electronic Market?

    Technological advancements, such as the development of new polymers and processing techniques, are expected to drive innovation in the Plastics Electrical and Electronic Market.

    What are the strategies adopted by key players in the Plastics in the Electrical and Electronic Market?

    Key players in the Plastics in the Electrical and Electronic Market are focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge.

    Report Infographic
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