Electronics & Consumer Goods Plastics Market, [By Type (Polyethylene, Polyvinyl Chloride, Polystyrene, Polypropylene, Others); By Application (Household Appliances, Consumer Electronics, Footwear, Sports Equipment, Toys, Others); By Region]: Market Size & Forecast, 2018 – 2026
New York, NY -- (SBWIRE) -- 10/12/2018 -- The global Electronic & Consumer Goods Plastics market generated $35.2 billion in 2017 and is anticipated to grow at a CAGR of more than 6.2% during the forecast period.
Consumer products such as household appliances, clothes, furniture, consumer electronics, toys, tools, and sporting goods among others are being produced using plastics owing to their cost effectiveness and adaptability. Plastics are mixed with additives for stabilization, and providing resistance to light and heat.
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The demand for Electronic & Consumer Goods Plastics products has increased over the years owing to rising population, and increasing urbanization. Improving lifestyles, and increasing disposable income across the globe supports the growth of the Electronic & Consumer Goods Plastics market. Other factors supporting Electronic & Consumer Goods Plastics market growth include rising demand from emerging economies, increasing consumer awareness, and growth of e-commerce platforms
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Electronic & Consumer Goods Plastics Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in 2017 in the Electronic & Consumer Goods Plastics market owing to increasing population and rising disposable income in the region. The increasing demand consumer electronics in the region supports the market growth.
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Competitive Landscape and Key Vendors
The global Electronic & Consumer Goods Plastics market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include BASF SE, The Dow Chemical Company, Celanese Corporation, Trinseo S.A., Formosa Plastics Group, Covestro AG, E. I. du Pont de Nemours and Company, Chevron Phillips Chemical, Mitsubishi Chemical Holdings Corporation, and Solvay S.A.
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- Polyvinyl Chloride
- Household Appliances
- Consumer Electronics
- Sports Equipment
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