Plastics in Electronics Global Market Report 2025

The plastics in electronics market size have grown rapidly in recent years. It will grow from $53.92 billion in 2024 to $59.75 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth during the historic period can be attributed to increased use of nano-engineered polymer composites for improved electrical performance, rising adoption of bio-based plastics in electronics to reduce carbon footprint, growing incorporation of shape-memory polymers for adaptive electronic components, increased use of antistatic and electromagnetic interference shielding plastics, and expanding application of transparent conductive polymers in display and touch technologies.

The plastics in electronics market size are expected to see rapid growth in the next few years. It will grow to $88.97 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to growing demand for miniaturized and lightweight electronic components, rising adoption of advanced polymers for thermal management in electronics, increasing consumer preference for durable and high-performance electronic devices, greater use of eco-friendly and recyclable plastics in electronic manufacturing, and rising integration of plastics in next-generation wearable and flexible electronics. Key trends in the forecast period include advancements in high-thermal-conductivity polymers for heat management, development of biodegradable and sustainable plastics for electronics, innovation in flexible and stretchable polymer materials for wearable devices, integration of nanocomposites to enhance electrical and mechanical properties, and wider adoption of flame-retardant and self-healing plastics in electronic components.

The growing adoption of electric vehicles (EVs) is expected to drive the expansion of the plastics in electronics market. Electric vehicles, which are powered wholly or partially by electric motors using battery-stored energy, are gaining traction due to environmental concerns and government incentives promoting low-emission transportation. Plastics in EVs are used for lightweight structural components, battery casings, insulation, connectors, and interior parts, enhancing efficiency, safety, and overall vehicle performance. For example, the International Energy Agency (IEA), a France-based intergovernmental organization, reported in 2023 that around 14 million new EVs were registered globally, bringing the total EV stock to 40 million units. This reflects a year-over-year increase of 3.5 million vehicles, or 35 percent growth, with electric cars accounting for roughly 18 percent of total global car sales, up from 14 percent in 2022. Consequently, the rising adoption of EVs is fueling the growth of the plastics in electronics market.

Leading companies in the plastics in electronics market are increasingly focusing on innovations in polymer technology, including the development of bio-based and high-performance plastics, to improve sustainability and reduce reliance on fossil fuels. Bio-based plastics, derived partially or wholly from renewable sources such as plants or cellulose, offer an eco-friendly alternative without compromising structural integrity, thermal stability, or electrical insulation. For instance, in March 2024, Skullcandy Inc., a US-based lifestyle audio brand, introduced EcoBuds True Wireless Earbuds, incorporating 65 percent certified recycled plastics and achieving a 50 percent lower carbon footprint compared to conventional designs. This example demonstrates how electronics manufacturers are leveraging advanced polymers to balance performance, durability, and sustainability. Innovations in polymer engineering are expected to further drive the adoption of plastics in electronics, particularly in consumer devices, automotive electronics, and other high-performance applications.

In September 2022, Avient Corporation, a US-based provider of specialized and sustainable material solutions, acquired the protective materials business of DSM for an undisclosed amount. This acquisition allowed Avient to strengthen its specialty transformation strategy by expanding its portfolio with ultra-high-performance materials for critical applications. Koninklijke DSM N.V., based in the Netherlands, specializes in health, nutrition, and materials, including high-performance polymers and specialty plastics for industrial and electronic uses.

Major players in the plastics in electronics market are Sinopec Group, BASF SE, Dow Inc., LG Chem, LyondellBasell Industries N.V., SABIC, Mitsubishi Chemical Corporation, Asahi Kasei Corporation, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., Covestro AG, DuPont de Nemours, Inc., Celanese Corporation, Eastman Chemical Company, Teijin Limited, Formosa Plastics Corporation, PolyOne Corporation (now Avient Corporation), INEOS Group, Evonik Industries AG, Chi Mei Corporation.

Asia-Pacific was the largest region in the plastics in electronics market in 2024 The regions covered in plastics in electronics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The plastics in electronics market research report is one of a series of new reports that provides plastics in electronics market statistics, including the plastics in electronics industry global market size, regional shares, competitors with the plastics in electronics market share, detailed plastics in electronics market segments, market trends, and opportunities, and any further data you may need to thrive in the plastics in electronics industry. This plastics in electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Plastics in electronics refer to the use of specialized polymer materials in the production of electronic components and devices. These plastics offer insulation, structural support, thermal management, and protection against mechanical and environmental stresses. They are used in applications ranging from casings and connectors to flexible circuits and high-performance electronic assemblies.

The primary types of plastics in electronics include thermoplastics, thermosets, engineering plastics, conductive plastics, and others. Thermoplastics are versatile polymer materials that can be molded and remolded for electronic components, providing properties such as insulation, durability, and lightweight construction. These plastics are used in consumer electronics, automotive electronics, industrial electronics, medical devices, and other applications, serving end-use industries including consumer goods, automotive, healthcare, industrial, and others.

The countries covered in the plastics in electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The plastics in electronics market consists of sales of polymer composites, flame-retardant materials, high-performance insulation materials, flexible printed circuit substrates, and encapsulation resins. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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