New York City, 09 February 2019: The Report Electronics &Consumer Goods Plastics Market is anticipated to reach over USD 59.9 billion by 2026 according
to a new research published by Polaris Market Research. In 2017, the household
appliances segment dominated the global market, in terms of revenue.
Asia-Pacific is expected to be the leading contributor to the global Electronic
& Consumer Goods Plastics market revenue during the forecast period.
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A significant increase in disposable income, changing lifestyles, and initiatives by market players to offer innovative products in the market drive the growth of Electronic & Consumer Goods Plastics market. Other driving factors include growing middle class population, and increasing penetration of e-commerce platforms. Increasing demand from developing nations, and technological advancements is expected provide numerous growth opportunities to the market players during the forecast period. There has been a shift towards e-commerce and consumers are increasingly purchasing electronic & consumer goods through online platforms, which increases the demand for plastics.
Improvement
in lifestyle due to rise in income level, especially in the developing countries
of Asia-Pacific fuels the demand for Electronic & Consumer Goods Plastics
market. Factors such as increase in per capita income and changes in consumer
behavior are expected to accelerate the adoption of Electronic & Consumer
Goods Plastics in the coming years.
Competitive Landscape and Key Vendors:
Asia-Pacific
generated the highest revenue in the market in 2017, and is expected to lead
the global Electronic & Consumer Goods Plastics market throughout the
forecast period. The increasing population in the region coupled with growing
disposable income drives the market growth. The improving living standards in
countries such as China, Japan, and India further supports market growth.
The major
players in Electronic & Consumer Goods Plastics market include BASF SE, The
Dow Chemical Company, Celanese Corporation, Trinseo S.A., Formosa Plastics
Group, Covestro AG, E. I. du Pont de Nemours and Company, Chevron Phillips
Chemical, Mitsubishi Chemical Holdings Corporation, and Solvay S.A among
others. These companies launch new products and collaborate with other market
leaders to innovate and launch new products to meet the increasing needs and
requirements of consumers.
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