Biopolymers In Electrical & Electronics Market Size, Share & Trends Analysis By Type (Biodegradable, Non-biodegradable), By Application (Rechargeable Batteries, Wires & Cables), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

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.

Type Insights

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.

Application Insights

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.

Regional Insights

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.

Key Companies & Market Share Insights

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

Biopolymers In Electrical & Electronics Market Report Scope

Global Biopolymers In Electrical & Electronics Market Report Segmentation

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