The global electrical and electronic plastics market size was valued at USD 2,121 million in 2024 and is estimated to reach around USD 4,708 million by 2034, growing at a CAGR of 8.3% from 2024 to 2034.
The electrical and electronic plastic market involves the production and distribution of plastics utilized in electrical and electronic applications wherever we look, from the wires and connections that connect us all to the smartphones and tablets we use on a daily basis. It consists of the switches, connectors, sensors, and control housings found in stores, schools, and your own home. Common types of plastics used in this market are polycarbonate, polyamide, polybutylene terephthalate, etc. Additionally, plastics are used in applications that help address the growing demands for EV charging stations, solar energy infrastructure, and better home and portable batteries. Plastics can be found in the electrical and electronic sectors anywhere dependable performance and safety are required. Numerous growth reasons, including the resilience of plastic, energy efficiency, recyclability, heat-insulating qualities, and lightweight nature, are driving the electrical and electronic plastics market.
Environmental issues like plastic waste and pollution, shifting raw material prices, growing consumer awareness of potential health risks associated with specific plastics, and increased demand for sustainable alternatives are some of the factors impeding the growth of the electrical and electronic plastics market. Despite this, Innovations in technology and the growing expected demand for electric vehicles is expected to propel growth in the electrical and electronic plastic market in the coming years.
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| Stats ID: | 7096 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7096 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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