Electronics and Consumer Goods Plastics Market Report

Electronics and Consumer Goods Plastics Market Analysis By Application (Household Appliances, Consumer Small Appliances, Consumer Electronics, Lighting Equipment, Toys, Sports Shoes, Jewelry), And Segment Forecasts, 2014 - 2025

Published: May 2017  |  110 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-826-8

Industry Insights

The global electronics & consumer goods plastics market size was estimated at USD 32.78 billion in 2016. Favorable demographics, growing affluence of middle-class population and changing lifestyle, especially in Asia Pacific, are expected to drive electronics industry growth, thus impacting the plastics industry on a positive note.

The presence of numerous players coupled with the availability of multiple product options in the market is expected spur industry rivalry. As a result, low cost, and product quality with improved mechanical and physical characteristics are expected to be the key factors influencing the buyers’ decision.

China electronics and consumer goods plastics market by application, 2014 - 2025 (USD Million)

China electronics and consumer goods plastics market

China has been dominating the consumer electronics industry over the past few decades in the production terms. Low product pricing offered by Chinese manufacturers in the international market, on account of low costs associated with raw materials, labor, land, and power, is expected to be a key factor for manufacturing industry growth in the region impacting the plastics demand on a positive note.

The plastic manufacturers are expected to make high investments in the development of new products with superior strength, low environmental impact, and high durability to attract end-use demand. Increasing raw material prices coupled with high industry rivalry in the market is expected to hamper profit margin shares of the manufacturers

Growing demand for plastics in other applications including packaging, construction, and automotive, which is expected to lower its availability for electronics and consumer goods application. As a result, plastic manufacturers are expected to focus on increasing their production capacities to tap the growing consumer electronics market.

The presence of alternate materials such as wood, glass, and rubber for manufacturing various consumer goods including sports equipment, toys, and jewelry is expected to hamper plastics market. However, higher durability, low cost, and light weight offered by plastic materials are expected to overcome the threat of substitutes in the above-mentioned applications.

Application Insights

Household appliances which include refrigerators, washing machines, and dishwashers were the largest application segment of the market and is expected to grow at a CAGR of 4.8% from 2017 to 2025. Polypropylene was the largest product segment used for manufacturing household appliances in 2016, accounting over 25% of the overall market.

Polyvinylchloride demand in the lighting equipment is expected to grow at a CAGR of 4.7% from 2017 to 2025 owing to its extensive use in manufacturing junction boxes, fixture houses, and containers. Growing urbanization and innovation in the lighting industry to develop products such as LED to support green initiatives are likely to be the key factors driving market growth.

Global household appliances market revenue, by product, 2016 (%)

Global household appliances market

Growing demand for plastics including polycarbonate, nylon, and silicone for manufacturing sports shoes is expected to have a positive impact on the market growth. High demand for polyurethane foam for manufacturing midsole of sports shoes is expected to have a positive impact on the industry growth.

ABS-ASA-SAN are expected to gain high demand for the manufacturing of toys owing to their aesthetic appeal, durability, and low prices as compared to traditional raw materials such as wood and glass. The demand for ABS in toy manufacturing was valued at USD 404.9 million in 2016 and is expected to grow at a CAGR of 6.6% from 2017 to 2025.

The major fashion brands including Missoni and Prada are coming up with innovative plastic jewelry designs, which is likely to have a positive impact on the industry growth. Plastics are lightweight and can be easily molded, and colored which makes them a suitable material for jewelry manufacturing.

The growth of the fashion industry across various parts of the world coupled with the rising demand for innovative product designs are expected to have a positive impact on the industry growth over the forecast period.

Polyurethane foam is expected to gain high demand for manufacturing winter sports equipment, especially for snowboarding. Better durability and performance offered by polyurethane-based snowboards are expected to have a positive impact on the industry growth. Also, the rising demand for nylons to manufacture highly durable skating and skiing equipment is expected to have a positive impact on industry growth over the forecast period.

Regional Insights

Asia-Pacific was the fastest growing market for electronics & consumer goods plastics in 2016, and is expected to grow at a CAGR of 6.2% from 2017 to 2025. The presence of numerous consumer electronics, appliances, sporting goods, and toy manufacturers across China, India, Japan, Korea and Taiwan has resulted in the high demand for plastics in the region.

The consumer electronics industry in Germany has been a key sector contributing to the country’s GDP and is expected to witness a positive growth over the forecast period. The consumers in the region are in continuous search of innovative and technologically advanced equipment to replace the old ones, likely to influence the manufacturing of household appliance.

Central & South America (CSA) is expected to grow at a CAGR of 5.8% from 2017 to 2025, owing to the rapid growth of manufacturing industries in Brazil, Argentina, Venezuela, and Peru. The governments of the countries in the region are taking initiatives to improve the manufacturing sector in the region, which is likely to open new avenues for industry growth.

The Middle East & Africa (MEA) accounted for a smaller share in the electronics & consumer goods plastics market in 2016. The region has witnessed high demand for electronic gadgets and consumer goods. However, it is primarily dependent on the imports of these products.

Though the demand for end-use products in the region is expected to grow at a significant rate, the plastics required for the goods manufacturing is expected to remain low as compared to other regions.

Competitive Insights

In January 2016, Panasonic Corp. developed a stretchable plastic film for electronic applications. The film offers 250% tensile elongation, has an ability to regain 98% of its original shape, and is expected to gain high popularity in the manufacturing of wearable gadgets.

Increasing demand for innovative plastic materials for manufacturing technologically-advanced consumer electronics gadgets is expected open opportunities for new industry players. However, the presence of large-scale manufacturers with broad product portfolio coupled with high investments by existing players on R&D is expected to pose a threat for the new players in the market.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                

Volume in Kilo Tons, revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, UK, China, Japan, Brazil

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global electronics and consumer goods plastics market on the basis of application, and region:

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Household appliances

      • ABS-ASA-SAN

      • Polypropylene (PP)

      • Polystyrene

      • Polyurethane

      • Others

    • Consumer Small Appliances

      • ABS-ASA-SAN

      • Polypropylene (PP)

      • Polystyrene

      • Polyurethane

      • Others

    • Consumer Electronics

      • ABS-ASA-SAN

      • Polypropylene (PP)

      • Polystyrene

      • Polycarbonate

      • Polyurethane

      • Others

    • Lighting equipment

      • PVC

      • ABS-ASA-San

      • Acrylic

      • Polycarbonate

      • Others

    • Toys

      • Polyethylene

      • Polystyrene

      • Polypropylene

      • ABS-ASA-San

      • PVC

      • Others

    • Winter Sports

      • Polyethylene

      • Polyamide

      • Polyurethane

      • Others

    • Sport Shoes

      • PVC

      • Polyurethane

      • PET

      • Polyethylene

      • Polypropylene

      • Polyamide

      • Others

    • Jewelry

      • Acrylic PVC

      • Polypropylene

      • Polystyrene

      • Polycarbonate

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • Russia

      • UK

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa 

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