Le Lézard
Classified in: Science and technology, Business
Subject: MRR

Plastics in Consumer Electronics Market Size Worth $7.70 Billion By 2028: Grand View Research, Inc.


SAN FRANCISCO, Oct. 25, 2021 /PRNewswire/ -- The global plastics in consumer electronics market size is expected to reach USD 7.70 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing demand from the smartphone & wearable products industry is anticipated to fuel the demand for plastics in consumer electronics. The smartphone market offers opportunities for usage of a variety of plastic resins, such as Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), and Polymethyl Methacrylate (PMMA), as they are used for manufacturing housings for electronic devices, mounting frames, display frames, and vibration cushions that are lightweight and durable.

Grand View Research Logo

Key Insights & Findings:

Read 140 page market research report, "Plastics in Consumer Electronics Market Size, Share & Trends Analysis Report By Product (PC, PC/ABS), By Application (Laptop Monitor Enclosures, Wearables), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

Proximity to raw material suppliers and low labor costs are attracting consumer electronics manufacturers in China. The presence of several key consumer electronics manufacturers is anticipated to create significant demand for plastics. Furthermore, increasing demand for appliances in India is anticipated to boost product demand across the electronics industry. In addition, rapid urbanization is expected to propel the demand for mobile phones, laptops, television, and other electronic appliances across India.

Metal alloys have been vastly used for manufacturing electronic components. Alloys are preferred due to their durability and better heat-conducting property. For example, aluminum alloys of grade 7000 series and 6000 series are used mainly in the chassis of laptops or sometimes for their entire casing. For instance, the bottom chassis of Apple's Mac book is made up of aluminum. iPhone and iPad bodies are made of aluminum alloys as well.

The technology lifespan of consumer electronics is less as post the launch of the product, the competitors undergo reverse engineering processes to develop a similar or updated version of the technology. Hence, the older versions of products are often discarded by consumers. With the growth of technologically advanced equipment, there is no significant system to manage the discarded old products, which has resulted in the growth of e-waste.

Grand View Research has segmented the global plastics in consumer electronics market based on product, application, and region:

List of Key Players of the Plastics in Consumer Electronics Market

Check out more studies on topics related to plastics, conducted by Grand View Research:

Browse through Grand View Research's coverage of the Global Plastics, Polymers & Resins Industry

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter 

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg  


These press releases may also interest you

at 06:23
Jemincare, a leading pharmaceutical company from China, announced today its wholly owned subsidiary company, Shanghai Jemincare Pharmaceutical Co., Ltd., had licensed exclusive worldwide ex-China rights to the Kras inhibitor, JMKX1899, to HUYABIO...

at 06:18
RUSAL (SEHK: 486, Moscow Exchange: RUAL), a leading global aluminium producer, has donated $105 million (eight billion Russian Rubles) to combat COVID-19 and support regional healthcare systems across Russia in the fight against the pandemic.  ...

at 06:14
Netigate, one of Europe's leading providers of feedback management, has expanded its offering with intelligent new reporting functionality. An extension of the existing Netigate report function, Quick Analysis allows users to get instant insights...

at 06:01
Today, global e-commerce mattress and furniture company Zinus is unveiling its most anticipated new product yet: the Green Tea Luxe Memory Foam Mattress, an elevated version of the brand's best-selling Green Tea Memory Foam Mattress. With innovations...

at 06:00
Scotiabank today announced a dividend on the outstanding shares of the Bank, payable January 27, 2022 to shareholders of record at the close of business on January 4, 2022:...

at 06:00
Proximo Spirits Canada today announced that 1800® Tequila and Proper No. Twelve® Whiskey will enter an official partnership with the Club de Hockey Canadiens' Montréal Canadiens organization (the "Montreal Canadiens") as tequila and whiskey suppliers...



News published on 25 october 2021 at 04:05 and distributed by: