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Electrical and Electronics Equipment Sector, Global, 2024-2030

Chemicals and MaterialsElectrical and Electronics Equipment Sector, Global, 2024-2030

Growing Demand for Wearable Technologies and Miniaturization in Electronic Devices is Driving Transformational Growth in Polymers by 2030

RELEASE DATE
22-Aug-2024
REGION
Global
Deliverable Type
Market Research
Research Code: PFF6-01-00-00-00
SKU: CM_2024_953
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CM_2024_953

Electrical and Electronics Equipment Sector, Global, 2024-2030
Published on: 22-Aug-2024 | SKU: CM_2024_953

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Description

This study presents a comprehensive analysis of polymers in the global electrical and electronics equipment (EEE) sector, with a detailed focus on regional segmentation, revenue, and volume metrics from 2020 to 2030. By examining historical data and projecting future trends, the study offers a seven-year forecast from 2024 to 2030, with 2023 as the base year.

Segmentation:
By Polymer: Commodity, engineering, and high-performance polymers
By End use: Consumer electronics, consumer goods, wires and cables, industrial, and other end use cases, such as medical devices, 3D printers, lighting, and home security and safety
By Region: Americas; Europe; Asia-Pacific (APAC); and Middle East, Africa, and South Asia (MEASA).

The Americas, led by the United States, is a significant market for polymers in the EEE sector. The region's demand is driven by the presence of major consumer electronics and household appliance manufacturers, as well as a robust telecommunications infrastructure. Europe is a mature market for polymers in the EEE sector, with a strong emphasis on sustainability and circular economy principles. The region's demand is driven by the presence of consumer electronics manufacturers, particularly in Germany, France, and the United Kingdom. The MEASA region is a diverse and growing market for polymers in the EEE sector, with varying levels of economic development and market maturity. The region's abundant oil and gas resources provide a competitive advantage in the production of polymers, particularly commodity polymers such as PE and PP. APAC is the largest market for polymers in the EEE sector, driven by the rapid industrialization and urbanization of countries such as China, Japan, and South Korea. China is the world's largest producer and end user of consumer electronics, with a thriving domestic market and a significant export industry.

The study's methodology involves an in-depth analysis of the volume and revenue for each polymer type, end use, and region, providing insights into the factors driving growth and potential challenges. The forecast is based on expected compound average growth rates, offering a strategic view of the market's evolution.

Author: Aditya Krishnan

Revenue Forecast: 

The revenue estimate for the base year 2023 is approximately $42.96 billion. The CAGR for the study period 2023-2030 is projected at 7.9%.

 

The Impact of the Top 3 Strategic Imperatives on Polymers in the Electrical and Electronic Equipment (EEE) Industry

Transformative Mega Trends

Why

  • The EEE sector faces increasing scrutiny from regulators, stakeholders, and consumers demanding more environmentally friendly products. Aligning polymer development with circular economy principles is strategic to meeting these demands and an essential step toward reducing ecological footprints because electronic waste (e-waste) is the fastest-growing solid waste stream globally.
  • Polymers, crucial in various EEE applications, must evolve to become more recyclable and less dependent on finite resources. Such development enhances the sustainability of products and positions companies favorably in a competitive market that values innovation and environmental stewardship.

Frost Perspective

  • The industry will prioritize the development of sustainable products in the next 1 to 2 years, and investment in the research and innovation of bio-based and recyclable polymers will increase.
  • Polymer manufacturers will make recycling easier and educate stakeholders in the EEE value chain in the next 3 to 5 years.

Geopolitical Chaos

Why

  • Supply chain resiliency has become paramount for manufacturers, particularly in EEE, that rely on vital raw materials. Global tensions, such as the Russo-Ukrainian War, the Israeli-Palestinian War, and China’s activities in Taiwan and the South China Sea, could disrupt supply lines, leading to significant operational challenges and increased costs. Moreover, the EEE polymer supply chain relies heavily on Asia-Pacific (APAC)-based sourcing.
  • The COVID-19 pandemic severely disrupted electronics supply chains because of an overdependence on manufacturing EEE goods in APAC.
  • To mitigate these risks, companies must secure raw material sources from politically stable regions.

Frost Perspective

  • During the next 3 to 5 years, EEE manufacturers must intensify their efforts to build resilient supply chains against geopolitical challenges.
  • Companies will seek strategic realignment to procuring raw materials from geopolitically stable regions to mitigate risks associated with sourcing for the EEE sector.

Competitive Intensity

Why

  • The advent of 3D printable materials significantly disrupted the EEE sector. This innovative approach offers numerous advantages, including rapid prototyping, customization, and reduced waste, aligning with global sustainability objectives.
  • Established manufacturers must diversify their offerings as new entrants introduce alternative, eco-friendly materials.
  • Diversification helps companies maintain market relevance and cater to a broader range of consumer demands, including high-performance applications and more affordable solutions.

Frost Perspective

  • In the next 5 to 5 years, the penetration of 3D printing technologies will increase in the EEE sector, and the demand for 3D printable polymers will rise.
  • Polymer manufacturers must develop a portfolio of 3D-printable materials catering to the EEE sector.

 

Scope of Analysis

  • This study assesses the status of the global EEE sector in 2023 and evaluates future prospects.
  • The research lists volumes in kilotons (kt) and revenue in US dollars (in billions).
  • The study evaluates and analyzes the demand for plastics in EEE by end use and polymer type.
  • The study evaluates several factors, including market growth, technological advancements, regulatory landscape, and sustainability initiatives.


Segmentation

Polymers

Commodity Polymers (CPs)

  • PE: Polyethylene and copolymers
  • PP: Polypropylene
  • PVC: Polyvinyl Chloride
  • PET: Polyethylene terephthalate
  • PS: Polystyrene (HIPS, GPPS)

Engineering Polymers (EPs)

  • PC: Polycarbonates
  • PC/ABS: Other PC alloys
  • ABS/SAN
  • PMMA: Polymethylmethacrylate
  • PAs: Polyamides
  • TPE: Thermoplastic elastomers
  • PU: Polyurethanes
  • POM: Polyoxymethylene
  • BPT: Polybutylene terephthalate
  • LCP: Liquid Crystal Polymers
  • PPO/PPE: Polyphenylene Oxide

High-performance Polymers (HPPs)

  • Etherketones
  • PEEK: Polyetheretherketone
  • PEK: Polyetherketone
  • Fluoropolymers
  • PTFE: Polytetrafluoroethylene
  • FEP: Fluorinated Ethylene Propylene
  • PFA: Perfluoroalkoxy Alkanes
  • Polysulfones
  • PSU: Polysulfone
  • PESU: Polyethersulfone
  • PPSU: Polyphenylsulfone
  • Polyphenylene Sulfide
  • Polyimides
  • PI: Polyimide
  • PAI: Polyamide-imide
  • PEI: Polyetherimide

 

Segmentation

End Use

Consumer Electronics

  • Consumer appliances, kitchen appliances, electronic toys, electronic sports goods, and power tools
  • Consumer Goods
  • Wires and Cables

Industrial

  • Industrial electronics; 5G infrastructure electronics; electronics in clean energy; power grids; energy storage; data servers; and heating, ventilation, and air conditioning (HVAC) electronics

Others

  • Medical devices, 3D printers, lighting, and home security and safety

 

Competitive Environment

Number of CompetitorsLess than 100
Competitive FactorsProduct price/performance ratio, customer sales support, proximity and/or consistency in supply, consistency in specifications, and regulatory compliance
Main End-user Industry VerticalsConsumer electronics, consumer appliances, wires and cables, industrial equipment, and other electrical components
Leading CompetitorsDuPont, Dow, BASF, SABIC, Arkema, Covestro, INEOS Styrolution, ExxonMobil, LyondellBasell, Saint-Gobain, AGC, INEOS, Borealis, Chemours, Daikin, and Solvay
Revenue Share of Top Competitors (2023)Top 6 Competitors in CPs—41.1%, Top 6 Competitors in EPs—51.9%, and Top 9 Competitors in HPPs—74.9%
Other Notable CompetitorsAsahi Kasei, Sumitomo Chemicals, Lotte Chemical Corporation, Daicel Polymer Ltd., Thai Polycarbonate, Trinseo, LG Chem Ltd., Teijin, Toray, Mitsubishi Engineering Plastics, and Chi Mei Corporation
Distribution StructureOriginal equipment manufacturers, direct sales, and distributors
Notable Acquisitions and Mergers–

 

Key Competitors

Consumer Electronics

  • AGC
  • Daikin
  • Chemours
  • INEOS
  • ExxonMobil
  • LyondellBasell
  • Dow
  • Mitsubishi Engineering Plastics
  • Trinseo
  • Evonik
  • Covestro
  • Asahi Kasei
  • Sumitomo Chemicals
  • Chi Mei Corporation
  • Lotte Chemical Corporation
  • BASF
  • SABIC
  • Lanxess
  • Thai Polycarbonate

Consumer Goods

  • Shin-Etsu
  • Trinseo
  • Evonik
  • Covestro
  • Asahi Kasei
  • Sumitomo Chemicals
  • Chi Mei Corporation
  • Lotte Chemical Corporation
  • BASF
  • DuPont
  • Huntsman
  • Teijin
  • Toray
  • AGC
  • Daikin
  • Chemours
  • INEOS
  • ExxonMobil
  • LyondellBasell
  • Dow

Wires and Cables

  • Shin-Etsu
  • Asahi Kasei
  • Sumitomo Chemicals
  • Chi Mei Corporation
  • Lotte Chemical Corporation
  • BASF
  • DuPont
  • Dow
  • AGC
  • Daikin
  • Chemours
  • INEOS
  • ExxonMobil
  • LyondellBasell
  • Dow

Industrial

  • Trinseo
  • Evonik
  • Covestro
  • Mitsubishi Engineering Plastics
  • Asahi Kasei
  • Sumitomo Chemicals
  • Chi Mei Corporation
  • Lotte Chemical Corporation
  • BASF
  • SABIC
  • Lanxess
  • AGC
  • Daikin
  • Chemours
  • INEOS
  • ExxonMobil
  • LyondellBasell
  • Dow

Others

  • Shin-Etsu
  • Trinseo
  • Evonik
  • Covestro
  • INEOS
  • Asahi Kasei
  • Sumitomo Chemicals
  • Chi Mei Corporation
  • Lotte Chemical Corporation
  • BASF
  • DuPont
  • Dow
  • Huntsman
  • Mitsubishi Engineering Plastics
  • Techno-UMG Co. Ltd.,
  • Daicel Polymer Ltd
  • Teijin

 

Revenue Forecast

 

Revenue Forecast

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Polymers in the Electrical and Electronic Equipment (EEE) Industry

Scope of Analysis

Segmentation

Segmentation (continued)

Geographic Scope

Competitive Environment

Key Competitors

Value Chain

Value Chain Analysis

Value Chain Analysis (continued)

Growth Metrics

Forecast Considerations

Forecast Assumptions

Growth Drivers

Growth Drivers (continued)

Growth Drivers (continued)

Growth Driver Analysis

Growth Restraints

Revenue and Volume Forecast

Average Price Forecast

Revenue Forecast by Polymer Type

Volume Forecast by Polymer Type

Revenue and Volume Forecast Analysis

Revenue and Volume Forecast Analysis (continued)

Revenue Forecast by End Use

Volume Forecast by End Use

Revenue and Volume Forecast Analysis by End Use

Revenue Forecast by Region

Volume Forecast by Region

Revenue and Volume Forecast Analysis by Region

Revenue and Volume Forecast Analysis by Region (continued)

Pricing Trends and Forecast Analysis

Pricing Trends and Forecast Analysis (continued)

Revenue Share of Top Participants

Revenue Share Analysis of the Top Participants

Revenue Share Analysis of the Top Participants (continued)

Circular Economy of EEE Plastics

Circular Economy of EEE Plastics Forecast

Recycled Product Use in EEE

Recycled Product Use in EEE (continued)

Volume Forecast by Polymer Grade

Polymer Grade Volume Forecast Analysis

Polymer Grade Volume Forecast Analysis (continued)

Polymer Grade Volume Forecast Analysis (continued)

Growth Metrics

Revenue and Volume Forecast

Average Price Forecast

Revenue Forecast by Plastic Type

Volume Forecast by Plastic Type

Forecast Analysis

Analysis of PE Types

Analysis of PE Types (continued)

Forecast Analysis—PP

Analysis of PP Types

Analysis of PP Types (continued)

Forecast Analysis—PVC

Analysis of PVC Types

Forecast Analysis—PET

Forecast Analysis—PS

Analysis of PS Types

Analysis of PS Types (continued)

Revenue Forecast by End Use

Volume Forecast by End Use

Forecast Analysis by End Use

Forecast Analysis by End Use (continued)

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Forecast Analysis by Region (continued)

Growth Metrics

Revenue and Volume Forecast

Average Price Forecast

Revenue Forecast by Plastic Type

Volume Forecast by Plastic Type

Revenue Forecast by End Use

Volume Forecast by End Use

Forecast Analysis

Analysis of PC Types and Alloys

Forecast Analysis—ABS

Analysis of ABS Types

Forecast Analysis—PA

Forecast Analysis—PA (continued)

Analysis of PA Types

Forecast Analysis—TPEs, PU, and POM

Forecast Analysis—PBT, LCPs, PMMA, and PPO/PPE

Forecast Analysis—PBT, LCPs, PMMA, and PPO/PPE (continued)

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Forecast Analysis by Region (continued)

Growth Metrics

Revenue and Volume Forecast

Average Price Forecast

Revenue Forecast by Plastic Type

Volume Forecast by Plastic Type

Revenue Forecast by End Use

Volume Forecast by End Use

Forecast Analysis

Forecast Analysis (continued)

Analysis of HPP Types

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Growth Opportunity 1: 5G Infrastructure Components

Growth Opportunity 1: 5G Infrastructure Components (continued)

Growth Opportunity 2: Circular Economy for Polymers in EEE

Growth Opportunity 2: Circular Economy for Polymers in EEE (continued)

Growth Opportunity 3: Reshoring and Ally-Shoring

Growth Opportunity 3: Reshoring and Ally-Shoring (continued)

Best Practice Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts
List of Figures
  • Polymers in EEE: Value Chain Analysis, Global, 2023
  • Polymers in EEE: Growth Metrics, Global, 2023
  • Polymers in EEE: Summary of Growth Drivers and Restraints, Global, 2023–2030
  • Polymers in EEE: Growth Drivers, Global, 2024–2030
  • Polymers in EEE: Growth Restraints, Global, 2024–2030
  • Polymers in EEE: Revenue and Volume Forecast, Global, 2020–2030
  • Polymers in EEE: Average Price Forecast, Global, 2020–2030
  • Polymers in EEE: Revenue Forecast by Polymer Type, Global, 2020–2030
  • Polymers in EEE: Volume Forecast by Polymer Type, Global, 2020–2030
  • Polymers in EEE: Revenue Forecast by End Use, Global, 2020–2030
  • Polymers in EEE: Volume Forecast by End Use, Global, 2020–2030
  • Polymers in EEE: Revenue Forecast by Region, Global, 2020–2030
  • Polymers in EEE: Volume Forecast by Region, Global, 2020–2030
  • Polymers in EEE: Revenue Share of Top Participants, Global, 2023
  • Polymers in EEE: Recycled Plastics Consumption in EEE, Global, 2023
  • Polymers in EEE: Recycled Plastics Consumption in EEE, Global, 2030
  • Polymers in EEE: Examples of Recycled Plastic Products, Global, 2023
  • Polymers in EEE: Volume Forecast by Polymer Grade, Global, 2020–2030
  • CPs in EEE: Growth Metrics, Global, 2023
  • CPs in EEE: Revenue and Volume Forecast, Global, 2020–2030
  • CPs in EEE: Average Price Forecast, Global, 2020–2030
  • CPs in EEE: Revenue Forecast by Plastic Type, Global, 2020–2030
  • CPs in EEE: Volume Forecast by Plastic Type, Global, 2020–2030
  • CPs in EEE: Revenue Forecast by End Use, Global, 2020–2030
  • CPs in EEE: Volume Forecast by End Use, Global, 2020–2030
  • CPs in EEE: Revenue Forecast by Region, Global, 2020–2030
  • CPs in EEE: Volume Forecast by Region, Global, 2020–2030
  • EPs in EEE: Growth Metrics, Global, 2023
  • EPs in EEE: Revenue and Volume Forecast, Global, 2020–2030
  • EPs in EEE: Average Price Forecast, Global, 2020–2030
  • EPs in EEE: Revenue Forecast by Plastic Type, Global, 2020–2030
  • EPs in EEE: Volume Forecast Plastic Type, Global, 2020–2030
  • EPs in EEE: Revenue Forecast by End Use, Global, 2020–2030
  • EPs in EEE: Volume Forecast by End Use, Global, 2020–2030
  • EPs in EEE: Revenue Forecast by Region, Global, 2020–2030
  • EPs in EEE: Volume Forecast by Region, Global, 2020–2030
  • HPPs in EEE: Growth Metrics, Global, 2023
  • HPPs in EEE: Revenue and Volume Forecast, Global, 2020–2030
  • HPPs in EEE: Average Price Forecast, Global, 2020–2030
  • HPPs in EEE: Revenue Forecast by Plastic Type, Global, 2020–2030
  • HPPs in EEE: Volume Forecast by Plastic Type, Global, 2020–2030
  • HPPs in EEE: Revenue Forecast by End Use, Global, 2020–2030
  • HPPs in EEE: Volume Forecast by End Use, Global, 2020–2030
  • HPPs in EEE: Revenue Forecast by Region, Global, 2020–2030
  • HPPs in EEE: Volume Forecast by Region, Global, 2020–2030
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This study presents a comprehensive analysis of polymers in the global electrical and electronics equipment (EEE) sector, with a detailed focus on regional segmentation, revenue, and volume metrics from 2020 to 2030. By examining historical data and projecting future trends, the study offers a seven-year forecast from 2024 to 2030, with 2023 as the base year. Segmentation: By Polymer: Commodity, engineering, and high-performance polymers By End use: Consumer electronics, consumer goods, wires and cables, industrial, and other end use cases, such as medical devices, 3D printers, lighting, and home security and safety By Region: Americas; Europe; Asia-Pacific (APAC); and Middle East, Africa, and South Asia (MEASA). The Americas, led by the United States, is a significant market for polymers in the EEE sector. The region's demand is driven by the presence of major consumer electronics and household appliance manufacturers, as well as a robust telecommunications infrastructure. Europe is a mature market for polymers in the EEE sector, with a strong emphasis on sustainability and circular economy principles. The region's demand is driven by the presence of consumer electronics manufacturers, particularly in Germany, France, and the United Kingdom. The MEASA region is a diverse and growing market for polymers in the EEE sector, with varying levels of economic development and market maturity. The region's abundant oil and gas resources provide a competitive advantage in the production of polymers, particularly commodity polymers such as PE and PP. APAC is the largest market for polymers in the EEE sector, driven by the rapid industrialization and urbanization of countries such as China, Japan, and South Korea. China is the world's largest producer and end user of consumer electronics, with a thriving domestic market and a significant export industry. The study's methodology involves an in-depth analysis of the volume and revenue for each polymer type, end use, and region, providing insights into the factors driving growth and potential challenges. The forecast is based on expected compound average growth rates, offering a strategic view of the market's evolution. Author: Aditya Krishnan
More Information
Deliverable Type Market Research
Author Aditya Krishnan
Industries Chemicals and Materials
No Index No
Is Prebook No
Keyword 1 Electrical Equipment Market
Keyword 2 Electronics Equipment Growth
Keyword 3 Electrical Equipment Trends
List of Charts and Figures Polymers in EEE: Value Chain Analysis, Global, 2023~ Polymers in EEE: Growth Metrics, Global, 2023~ Polymers in EEE: Summary of Growth Drivers and Restraints, Global, 2023–2030~ Polymers in EEE: Growth Drivers, Global, 2024–2030~ Polymers in EEE: Growth Restraints, Global, 2024–2030~ Polymers in EEE: Revenue and Volume Forecast, Global, 2020–2030~ Polymers in EEE: Average Price Forecast, Global, 2020–2030~ Polymers in EEE: Revenue Forecast by Polymer Type, Global, 2020–2030~ Polymers in EEE: Volume Forecast by Polymer Type, Global, 2020–2030~ Polymers in EEE: Revenue Forecast by End Use, Global, 2020–2030~ Polymers in EEE: Volume Forecast by End Use, Global, 2020–2030~ Polymers in EEE: Revenue Forecast by Region, Global, 2020–2030~ Polymers in EEE: Volume Forecast by Region, Global, 2020–2030~ Polymers in EEE: Revenue Share of Top Participants, Global, 2023~ Polymers in EEE: Recycled Plastics Consumption in EEE, Global, 2023~ Polymers in EEE: Recycled Plastics Consumption in EEE, Global, 2030~ Polymers in EEE: Examples of Recycled Plastic Products, Global, 2023~ Polymers in EEE: Volume Forecast by Polymer Grade, Global, 2020–2030~ CPs in EEE: Growth Metrics, Global, 2023~ CPs in EEE: Revenue and Volume Forecast, Global, 2020–2030~ CPs in EEE: Average Price Forecast, Global, 2020–2030~ CPs in EEE: Revenue Forecast by Plastic Type, Global, 2020–2030~ CPs in EEE: Volume Forecast by Plastic Type, Global, 2020–2030~ CPs in EEE: Revenue Forecast by End Use, Global, 2020–2030~ CPs in EEE: Volume Forecast by End Use, Global, 2020–2030~ CPs in EEE: Revenue Forecast by Region, Global, 2020–2030~ CPs in EEE: Volume Forecast by Region, Global, 2020–2030~ EPs in EEE: Growth Metrics, Global, 2023~ EPs in EEE: Revenue and Volume Forecast, Global, 2020–2030~ EPs in EEE: Average Price Forecast, Global, 2020–2030~ EPs in EEE: Revenue Forecast by Plastic Type, Global, 2020–2030~ EPs in EEE: Volume Forecast Plastic Type, Global, 2020–2030~ EPs in EEE: Revenue Forecast by End Use, Global, 2020–2030~ EPs in EEE: Volume Forecast by End Use, Global, 2020–2030~ EPs in EEE: Revenue Forecast by Region, Global, 2020–2030~ EPs in EEE: Volume Forecast by Region, Global, 2020–2030~ HPPs in EEE: Growth Metrics, Global, 2023~ HPPs in EEE: Revenue and Volume Forecast, Global, 2020–2030~ HPPs in EEE: Average Price Forecast, Global, 2020–2030~ HPPs in EEE: Revenue Forecast by Plastic Type, Global, 2020–2030~ HPPs in EEE: Volume Forecast by Plastic Type, Global, 2020–2030~ HPPs in EEE: Revenue Forecast by End Use, Global, 2020–2030~ HPPs in EEE: Volume Forecast by End Use, Global, 2020–2030~ HPPs in EEE: Revenue Forecast by Region, Global, 2020–2030~ HPPs in EEE: Volume Forecast by Region, Global, 2020–2030~
Podcast No
Predecessor PBE4-01-00-00-00
WIP Number PFF6-01-00-00-00