Asia Pacific Consumer Electronics Plastics Market Report 2021 – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – The “Asia-Pacific Consumer Electronics Plastics Market Analysis Report by Product (Polycarbonate, Liquid Crystal Polymers, Polycarbonate / Acrylonitrile Butadiene Styrene), by End Use, by Countries and Segment Forecasts, 2021-2028” report was added to ResearchAndMarkets.com to offer.

The Asia Pacific consumer electronics market is projected to reach USD 5.3 billion by 2028 and grow at a CAGR of 4.0%.

Plastics such as polycarbonate (PC) and a mixture of polycarbonate and acrylonitrile-butadiene-styrene (PC / ABS) are used in the manufacture of housings for mobile phones and laptop cases due to their high impact resistance, low weight and high thermal conductivity.

The globalization of the manufacturing sector has led many electronic device manufacturers to expand their manufacturing facilities or to outsource their production to contract manufacturers based in other countries in the Asia-Pacific region. This has led manufacturers to overcome the challenges in manufacturing and supply chain. Factors such as low production costs and mild government regulations in Asia-Pacific countries have benefited major electronics brands.

The 2020 COVID-19 pandemic disrupted the electronics supply chain as Chinese facilities were forced to close. This prompted electronic device manufacturers to diversify their manufacturing facilities. In addition, many China-based and international brands have relocated their assembly operations to India and Vietnam, where production costs are significantly lower than in China. In 2016, China’s labor costs accelerated due to the reliance of large electronics companies on China.

The dependence of electronics manufacturers from developed economies such as Europe and North America on Asia-Pacific countries for electronics production combined with increasing demand for electronic devices around the world is expected to drive demand for plastics in consumer electronics over the forecast period.

Mobile phone manufacturers in the Asia-Pacific region including LG Electronics, SAMSUNG, OnePlus and others are offering technologically advanced mobile phones to meet the increasing demand of the growing population. This has led manufacturers to offer durable devices with a longer lifespan. This trend is expected to continue throughout the forecast period, fueling demand for polycarbonate among cellphone manufacturers in the region.

Strategic partnerships, capacity expansions and new product developments are popular strategies pursued by most of the players in the consumer electronics plastics market across the region.

For example, in January 2021, Celanese Corporation announced that it would build a liquid crystal polymer polymerization plant in China to produce around 20 tons of LCP per year to meet growing demand. The first construction phase of the plant is to be completed in 2024.

Asia-Pacific Plastics in Consumer Electronics Market report highlights

  • In terms of sales, the polyamide segment had an outstanding market share in 2020 and is expected to continue to show significant growth in the forecast period.

  • The end-use segment of laptop monitor enclosures dominated the market and accounted for more than 22.0% of sales in 2020.

  • In 2020, China had a sales share of more than 49.0% in the total market. The growth is mainly due to the fact that China is one of the leading consumer electronics markets in the world.

  • Polyplastics Co., Ltd and Teijin Limited are emerging players in the Asia-Pacific consumer electronics market. The company offers its products in industries such as automotive, electronics, home appliances, medicine, health and beauty, and others.

Market variables, trends and scope

Analysis of the industry’s value chain

  • Commodity trends

  • Bisphenol A (polycarbonate)

  • Price trend analysis, bisphenol A (USD / kg)

  • Isosorbide (bio-based polycarbonate)

  • Ethylene glycol (liquid crystal polymer)

  • Styrene (acrylonitrile butadiene styrene) [ABS])

  • Polyol & Diisocyanate (Thermoplastic Polyurethane (TPU) & Recycled TPU)

  • Caprolactum (polyamide, PA4T, PA9T)

Manufacturing trends

  • Injection molding

  • Extrusion

  • Thermoforming

Weighted Average Sales Price Trend Analysis (Asia Pacific), by Resin, 2017-2028 (USD / Kg)

  • Price trend analysis in the area (Asia – Pacific), according to Harzen, 2017 – 2028 (USD / Kg)

  • Quarterly Asia-Pacific Average Sales Price Trend Analysis, by Resin, 2017-2028 (USD / Kg)

  • Polycarbonate Price Analysis by Manufacturer, 2020 & 2021 (USD / kg)

  • Price Analysis for Polycarbonate / Acrylonitrile Butadiene Styrene with Glass Filled Resin, by Manufacturer, 2020 & 2021 (USD / kg)

Legal framework

  • Standards & conformities

  • Product classification codes

  • Raw material

  • Finished goods

Market driver analysis

  • Increased export of portable electronic devices

  • Growing acceptance of bio-based polycarbonate in consumer electronics

Analysis of the market restrictions

  • Strict regulations for single-use plastics

Business Environment Analysis: Asia Pacific Plastics Market in Consumer Electronics

  • Porter’s Five Forces Analysis

  • PESTEL analysis

Mentioned companies

  • Trinseo SA

  • SABIC

  • Covestro AG

  • KURARAY CO., LTD.

  • Polyplastics Co., Ltd.

  • Mitsubishi Chemical Corporation

  • Solvay

  • Celanese Corporation

  • TORAY INTERNATIONAL, INC.

  • TEIJIN LIMITED

  • Sumitomo Chemical Co., Ltd.

Please visit https://www.researchandmarkets.com/r/gr5k3c for more information on this report

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