The global biopolymers in electrical & electronics market size was valued at USD 57.96 million in 2022 and expected to grow at a compound annual growth rate (CAGR) of 24.0% from 2023 to 2030. The demand for biopolymers across the electrical & electronics industry is propelled by the adoption of green procurement policies by electrical & electronics manufactures and changing consumer preferences towards eco-friendly commodities. Furthermore, the electrical & electronics industry is one of the major utilizers of biopolymers for the manufacturing of their applications such as wires & cables, electrical insulators, rechargeable batteries, panel displays, and others. Rising concerns for environment protection has propelled the manufacturers to introduce the utilization of biopolymers for the manufacturing of their applications.
Expanding composting infrastructure and rising governmental efforts to reduce landfilling are anticipated to augment the demand for biopolymers across the electrical & electronics industry over the forecast period. Biopolymers such as polylactic acid (PLA) and polybutylene adipate terephthalate (PBAT) are being increasingly used for manufacturing of wires & cables and other products.
Furthermore, increasing disposable income and rising demand for electronics across the U.S. population has propelled the demand for biopolymers for the manufacturing of casings for electronic devices. In addition, with increasing in the building & construction projects to provide the population with affordable housings, the demand for wires & cables has increased, which in turn is anticipated to propel the demand for biopolymers in electrical & electronics across the U.S. market.
Non-biodegradable plastics dominated the biopolymers in electrical and electronics market across the type segmentation in terms of revenue, accounting to a market share of over 52.0%. Non-biodegradable plastics such as polyethylene (PE), polyethylene terephthalate (PET), and polyamide (PA), are non-complex resins to be manufactured and have a longer life span, which has propelled their demand across the electrical & electronics industry.
Furthermore, biopolymers such as PLA and PET are being utilized for the manufacturing of printed circuit boards (PCB). In addition, green electronics has witnessed rise in traction with the introduction of biopolymers for the manufacturing of inject and screen printing, dip coating, and others.
Wires & cables dominated the market across the application segmentation in terms of revenue, accounting to a market share of over 42.0%. This is followed by the rising growth of global building & construction industry, which is a major utilizer of wires & cables. Hence the demand for biopolymers for the manufacturing of wires & cables is anticipated to propel during the forecast period.
Followed by the advancement in technology, electronic manufactures are prominently introducing advance electronic device such as cell phones, television, and others. Panel displays have introduced the utilization of biopolymers such as PE, PET, and PA.
Asia Pacific in regions dominated the market and accounted for a revenue share of over 62.0% in 2022. Followed by inexpensive manufacturing of electronics devices, rising disposable income, and rising demand for the growing population across the region is anticipated to propel the demand for biopolymers across electrical & electronics industry.
Furthermore, rising demand for affordable housings has propelled the demand for wires & cables which is anticipated to increasing the demand for biopolymers during the forecast period. Additionally, presence of major electrical & electronics manufacturers is further anticipated to boost the demand for biopolymers across the region.
Research activities across the market is focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the key players in the global biopolymers in electrical & electronics market are:
SABIC
BASF SE
Trinseo
Braskem
TEIJIN LIMITED
Toyota Tsusho Corporation
NatureWorks LLC
Total Carbion PLA
Solvay
Futerro
Report Attribute |
Details |
Market size value in 2023 |
USD 69.55 million |
Revenue forecast in 2030 |
USD 313.41 million |
Growth Rate |
CAGR of 24.0% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2018 - 2021 |
Forecast period |
2023 - 2033 |
Quantitative units |
Volume in tons; revenue in USD thousand/million, and CAGR from 2023 to 2030 |
Report coverage |
Revenue and volume forecast, company profiles, competitive landscape, growth factors, and trends |
Segments covered |
Application, type, region |
Region scope |
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; Germany; UK; France; Italy; Netherlands; Spain; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Vietnam; Brazil; Argentina; Saudi Arabia; United Arab Emirates (UAE); South Africa |
Key companies profiled |
SABIC; BASF SE; Trinseo; Braskem; TEIJIN LIMITED; Toyota Tsusho Corporation; NatureWorks LLC; Total Carbion PLA; Solvay; Futtero |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2023 to 2030. For the purpose of this study, Grand View Research has segmented the global biopolymers in electrical & electronics market report on the basis of type, application, and regions:
Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
Biodegradable
Polylactic Acid (PLA)
Polybutylene Adipate Terephthalate (PBAT)
Non-biodegradable
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polyamide (PA)
Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
Rechargeable Batteries
Wires & Cables
Electrical Insulator
Panel Displays
Electronic Device Casings
Others
Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Netherlands
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Indonesia
Thailand
Vietnam
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
United Arab Emirates (UAE)
South Africa
b. The global biopolymers in electrical & electronics market size was estimated at USD 57.96 million in 2022 and is expected to reach USD 69.55 million in 2023.
b. The global polysilicon market is expected to grow at a compound annual growth rate of 24.0% from 2023 to 2030 to reach USD 313.41 million by 2030.
b. Wires & cables segment dominated the biopolymer in electrical & electronics market with a share of 42.62% in 2022. This is attributed to the rise in demand for bio-based electrical & electronics products in line with increasing global building & construction industry.
b. Some key players operating in the biopolymers in electrical & electronics market include SABIC; BASF SE; Trinseo; Braskem; TEIJIN LIMITED; Toyota Tsusho Corporation; NatureWorks LLC; Total Carbion PLA; Solvay; and Futerro
b. Key factors that are driving the market growth include shifting of electrical & electronics manufacturers towards sustainable plastics for the manufacturing of their products.
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