Global Plastics in Electronics Components Market: Overview
The global plastics in electronics components market is anticipated to experience a staggering growth as the demand for plastic in electronics and electrical is on the rise. Telecommunications, automotive, medical, and electronics are some of the major end-use industries of plastics in electronics components market. Polyamides, polyethylene, nylons, epoxy resins, polysulfones, polyphthalamides, polyesters, and polycarbonates are some key forms of plastics that are used in electronic components.
The insulation properties of plastic account for its extensive use in electric and electronic components of machines and gadgets. These include bobbins, connectors, printed circuit boards, and components.
The report divides the global plastics in electronics components market based on application and geography. Based on geography, Asia Pacific is anticipated to emerge lucrative in the near future.
The report on the global plastics in electronics components market prepared by seasoned analysts takes into account the various primary and secondary business needs of market stakeholders. Using standard analytical tools and proven research methodologies, the key factors of the worldwide plastics in electronics components market have been expansively examined in the report.
Global Plastics in Electronics Components Market: Trends and Opportunities
The rising demand for plastics in electronic components due to the cost factor and time-consuming nature of conventional procedures of manufacture of electronic circuits is the chief factor driving the worldwide market for plastics in electronics components. This is leading to the swift uptake of plastic in electric components.
The increasing preference for plastics in electronic components is attributed to the ultra-thin and high efficiency characteristics along with long shelf life imparted to these components. This is leading to the deployment of plastic in electronic components used in infotainment systems, driving assistance systems, and automobile control systems. Technological advances and product development that have led to the emergence of newer materials such as liquid crystal power (LCP) and polyphenylene sulfide compounds have replaced ceramic components conventionally used in electronic components. This is also a key factor driving the global plastics in electronics components market.
The adoption of cloud computing practices and ubiquity of Internet of Things (IoT) have also been fuelling the demand for plastics in electronics components.
On the contrary, environmental concerns pertaining to disposal of plastic is likely to slower the market’s growth to some extent. Nevertheless, the development of printed electronics and the rising trend of usage of eco-friendly plastic components in electronics will provide growth opportunities to the worldwide market for plastics in electronics components.
Global Plastics in Electronics Components Market: Geographical Analysis
Among the key geographic segments, Asia Pacific is likely to emerge as a lucrative market for plastics in electronic components owing to the exponential growth of the electronics industry. Plastic is widely used in electronic components in order to reduce the production cost of electronic devices and to increase their availability, which in translates into higher profit margins. Plastic-based electronic components are also widely used in construction undertakings in the region. Rampant industrialization and the flourishing construction sector in countries such as India and China are significantly driving the plastics in components market in Asia Pacific.
Global Plastics in Electronics Components Market: Competitive Analysis
The global plastics in electronics components market witnesses the dominance of some key leaders such as SABIC Innovative Plastics, Chevron Phillips Chemical, Styron LLC, Solvay Advanced Polymers, Ineos Nova LLC, Toray Plastics, Dow Chemical Company, DuPont Inc., Bayer Material Science, BASF SE, and Ticona Inc.
Expansion of manufacturing capacity and mergers and acquisitions and collaborations are key growth strategies adopted by players in this market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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