Plastics in Electronics Market Report 2026

The plastics in electronics market size has grown rapidly in recent years. It will grow from $59.75 billion in 2025 to $66.12 billion in 2026 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising consumer electronics demand, adoption of plastic casings in automotive electronics, need for electrical insulation in devices, growth of industrial electronics, cost advantages of plastics over metals.

The plastics in electronics market size is expected to see rapid growth in the next few years. It will grow to $98.08 billion in 2030 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increasing demand for sustainable materials, growth in electric vehicles and transportation electrification, advancement in high-performance polymers, miniaturization of electronic devices, integration of plastics in flexible and wearable electronics. Major trends in the forecast period include advanced polymer insulation, high-performance plastic casings, flexible circuit materials, thermal management plastics, eco-friendly electronics plastics.

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 July 2025, KDI Precision Manufacturing, a US-based manufacturing company, acquired Envision Plastics and Design, LLC for an undisclosed amount. This acquisition allows KDI Precision Manufacturing to expand its plastics manufacturing capabilities and broaden its customer base by incorporating advanced plastic enclosure solutions for electronics. Envision Plastics and Design, LLC is a US-based manufacturing company specializing in custom plastic enclosures and components for electronic and industrial applications.

Major companies operating 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.

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.

Tariffs have impacted the plastics in electronics market by increasing import costs of specialized polymers and raw materials, disrupting supply chains, and causing price fluctuations across manufacturing hubs. The automotive and consumer electronics segments in regions like Asia-Pacific and Europe are most affected due to heavy reliance on imported plastics. Some manufacturers are benefiting by sourcing locally and investing in domestic production, which helps mitigate dependency on imports and fosters innovation in high-performance and sustainable plastic solutions.

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.Asia-Pacific was the largest region in the plastics in electronics market in 2025. The regions covered in the plastics in electronics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastics in electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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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